Carver Bancorp names Donald Felix President and CEO effective November 1, 2024

CARVER BANCORP INC

Donald Felix previously Executive Vice President at Citizens Financial; earlier roles at JPMorgan Chase and Citi over 25 years.
Base salary of $700,000; signing bonus of $100,000; two performance equity grants each valued at $100,000.
Interim CEO Craig MacKay to resign effective Oct 31, 2024, but remain on Carver Board.
Employment agreement has a two-year term with severance provisions including cash lump sums and COBRA coverage.
Felix is only the sixth CEO in Carver's 76-year history; Board conducted comprehensive national search.

item 5.02 item 9.01

Executive movements

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Appointed

Donald Felix

President and Chief Executive Officer

CARV · CARVER BANCORP INC

Effective: 2024-11-01
Filed: September 16, 2024, 7:59 PM ET

On September 16, 2024, Carver Bancorp, Inc. (the “Company”) announced the hiring of Donald Felix, age 50, as President and Chief Executive Officer of the Company and Carver Federal Savings Bank (the “Bank”), effective November 1, 2024.

Departed (interim)

Craig C. MacKay

Interim President and Chief Executive Officer

CARV · CARVER BANCORP INC

Effective: 2024-10-31
Successor: Donald Felix
Filed: September 16, 2024, 7:59 PM ET

Craig C. MacKay, who serves as Interim President and Chief Executive Officer of the Company and Bank, will resign as Interim President and Chief Executive Officer effective October 31, 2024, and Mr. MacKay will continue to serve as a member of the Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Donald Felix was appointed as President and Chief Executive Officer at CARVER BANCORP INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On September 16, 2024, Carver Bancorp, Inc. (the “Company”) announced the hiring of Donald Felix, age 50, as President and Chief Executive Officer of the Company and Carver Federal Savings Bank (the “Bank”), effective November 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Craig C. MacKay departed as Interim President and Chief Executive Officer at CARVER BANCORP INC.

Action: resign
Role: Interim President and Chief Executive Officer

Exact text from the filing

Craig C. MacKay, who serves as Interim President and Chief Executive Officer of the Company and Bank, will resign as Interim President and Chief Executive Officer effective October 31, 2024, and Mr. MacKay will continue to serve as a member of the Board.

View on SEC.gov

CARVER BANCORP INC filing history →

Source: SEC EDGAR

accession 0000943374-24-000375

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