Carver Bancorp announces board modernization with 75% director turnover over 3 years

CARVER BANCORP INC

75% of directors to transition within 12 quarters, subject to regulatory approvals.
New skills-based recruitment matrix, annual individual assessments, and equity-linked compensation (50% cash reduction + equity retainer).
Tenure limit of 15 years effective April 2026; age limit of 75 (current directors may finish terms).
Jason Sisack, former OCC official, appointed as Senior Enterprise Risk Management Advisor to CEO.
All directors to be independent except CEO if elected; independent non-executive chair already in place.

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