Dream Chasers Wins Carver Retail Shareholder Vote by a Landslide

Core Points - Approximately 70% of retail shareholders voted for new nominees Jeffrey "Jeff" Anderson and Jeffrey Bailey for the Board of Directors at Carver Bancorp's Annual Meeting [1][4] - Concerns were raised regarding the Board's decision to extend the voting period by 45 minutes, which was seen as an attempt to influence the outcome [2][3] - Dream Chasers Capital Group is demanding transparency from the Board, including real-time voting totals and disclosure of any high-pressure sales tactics used to sway votes [5][6] Summary by Sections Voting Results - Preliminary results indicate that around 70% of retail shareholders supported the election of Anderson and Bailey, excluding votes from the Dream Chasers Group [1][4] Board Conduct - The voting was extended for an additional 45 minutes, raising suspicions about the Board's intentions and the integrity of the voting process [2][3] - Dream Chasers expressed that conducting a vote under such circumstances is not appropriate for the new CEO, Donald Felix, and emphasized the need for transparency [3][4] Demands from Dream Chasers - Dream Chasers is calling for the public disclosure of real-time voting totals in 15-minute increments during the meeting [5] - They are requesting a full accounting of any high-pressure sales calls made to large shareholders, including any promises or assurances given [6] - The group insists that the Board should appoint Anderson and Bailey to acknowledge the shareholders' intent and to ensure future decisions reflect shareholder perspectives [8]