Carver Bancorp’s 2024 Annual Stockholders Meeting Results – Approval of Equity Incentive Plan

Carver Bancorp, Inc. (NASDAQ: CARV) recently disclosed the outcomes of its 2024 Annual Meeting of Stockholders held on December 12, 2024. During the meeting, the stockholders of Carver Bancorp approved the company’s 2024 Equity Incentive Plan (the “Plan”). This Plan is designed to enable the issuance of stock-based rewards to officers, employees, and directors of Carver Bancorp, along with Carver Federal Savings Bank.

The details of the Plan’s key terms are outlined in the company’s Definitive Proxy Statement for the Annual Meeting of Stockholders, filed with the Securities and Exchange Commission on October 31, 2024. For a comprehensive understanding of the Plan, interested parties are encouraged to review the plan document attached as Exhibit 10.1, which has been incorporated by reference into the filing.

Additionally, matters brought to vote at the Annual Meeting, as elaborated in the Proxy Statement, consisted of the election of directors and other critical proposals. First Coast Results, Inc., serving as the independent Inspector of Election, provided preliminary voting results which are subject to potential revisions upon the official certification of voting outcomes by First Coast.

Notable voting results from the Annual Meeting include the election of directors. Based on initial estimations, the two directors elected are Jillian E. Joseph and Kenneth J. Knuckles. Furthermore, the approval of the Carver Bancorp, Inc. 2024 Equity Incentive Plan was supported based on the preliminary vote. Ratification of BDO USA, LLP’s appointment as independent auditors for Carver Bancorp, Inc. for the fiscal year ending March 31, 2025, was also sanctioned. However, the advisory (non-binding) approval of the compensation of the Named Executive Officers, as delineated in the proxy statement, did not receive approval from stockholders.

The final voting results, following the certification process by First Coast, will be disclosed in an amendment to the Current Report on Form 8-K. No additional matters were presented for consideration or stockholder action at the Annual Meeting.

Investors and interested parties can access further information, including financial statements and the aforementioned exhibits, through the official SEC filing of Carver Bancorp, Inc.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Carver Bancorp’s 8K filing here.

Carver Bancorp Company Profile

Carver Bancorp, Inc operates as the holding company for Carver Federal Savings Bank that provides consumer and commercial banking services for consumers, businesses, non-profit organizations, and governmental and quasi-governmental agencies primarily in New York. It accepts various deposit products, including demand, savings, and time deposits; passbook and statement accounts, and certificates of deposit; and individual retirement accounts.