---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-089120"
form_type: "8-K"
ticker: "CARV"
cik: "0001016178"
company_name: "CARVER BANCORP INC"
filed_at: "2023-08-09T23:59:59+00:00"
generated_at: "2026-06-11T21:08:43.034481+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Carver Bancorp CEO Michael Pugh to step down Sept 30; national search begins

## Summary
- CEO and President Michael T. Pugh resigns effective September 30, 2023; also leaves board.
- Departure is to pursue professional and philanthropic interests, not a disagreement with company.
- Board will conduct a national search for a permanent CEO; interim plan not disclosed.
- Pugh joined Carver in 2012, became CEO in 2015; fifth CEO in bank's 75-year history.
- No financial impact disclosed; operations continue under existing management.

## SEC filing metadata
- accession: 0001104659-23-089120
- form_type: 8-K
- ticker: CARV
- cik: 0001016178
- company_name: CARVER BANCORP INC
- filed_at: 2023-08-09T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1016178/000110465923089120/0001104659-23-089120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1016178/000110465923089120/tm2323261d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-089120
- JSON: https://secwatch.observer/filing/0001104659-23-089120.json
- Plain text: https://secwatch.observer/filing/0001104659-23-089120.txt

## Key facts
- Executive change
  Michael T. Pugh departed as Chief Executive Officer and President at CARVER BANCORP INC.
  - Action: resigning
  - Role: Chief Executive Officer and President
  source text: On August 6, 2023, Michael T. Pugh advised Carver Bancorp, Inc. (the “Company”) and Carver Federal Savings Bank (the “Bank”) that he: (1) was resigning as a director of both the Company and the Bank, effective September 30, 2023; and (2) was resigning his positions as Chief Executive Officer and President of the Company and the Bank, effective September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1016178/000110465923089120/0001104659-23-089120-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.