Carver Bancorp, Inc. Certifies Annual Meeting Results; Shareholders Affirm Change Underway at the Bank

Core Insights - Carver Bancorp, Inc. has re-elected Jillian E. Joseph and Kenneth J. Knuckles to its Board of Directors, reflecting shareholder support for the company's turnaround strategy [1][2][3] Company Overview - Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a certified Community Development Financial Institution (CDFI) and designated Minority Depository Institution (MDI) [4] - Founded in 1948, Carver aims to serve historically underserved communities in New York, providing access to mainstream financial services [4] Strategic Focus - The company is committed to enhancing profitability and shareholder value through targeted strategic initiatives and operational goals [3] - A comprehensive transformation plan is being developed to strengthen top-line performance while reducing risks and expenses [3] - The strategy includes growing the core business, expanding operational capacity, and investing in technology to improve efficiency and customer service [3] Board and Management - The Board of Directors includes Lewis P. Jones III (Chairman), Colvin W. Grannum, Craig C. MacKay, Dr. Pazel G. Jackson, Jr., and Robin L. Nunn, alongside the re-elected directors [3][5] - Donald Felix has been appointed as the new CEO, tasked with accelerating the implementation of the company's strategy [3] Recent Actions - The company approved its 2024 Equity Incentive Plan, which allows for stock-based awards to officers, employees, and directors [5] - BDO USA, LLP has been ratified as the independent auditors for the fiscal year ending March 31, 2025 [5]