secwatch.observer — SEC 8-K summary
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Issuer:     CARVER BANCORP INC (CARV)
CIK:        0001016178
Form:       8-K
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0000943374-24-000375
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1016178/000094337424000375/0000943374-24-000375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1016178/000094337424000375/form8k_091124.htm
  HTML page:      https://secwatch.observer/filing/0000943374-24-000375

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer