Carver Bancorp Announces Board Modernization Initiative With Comprehensive Governance Enhancements

Reuters11-20

Nov 5 (Reuters) - Carver Bancorp Inc ::
*CARVER BANCORP, INC. ANNOUNCES BOARD MODERNIZATION INITIATIVE WITH COMPREHENSIVE GOVERNANCE ENHANCEMENTS
*CARVER BANCORP INC - 75% OF DIRECTORS TO TRANSITION WITHIN 12 QUARTERS
*CARVER BANCORP INC - MODERNIZATION PLAN INCLUDES 75% TURNOVER RATE AMONG DIRECTORS OVER NEXT 3 YEARS
*CARVER BANCORP INC - 50% REDUCTION IN CASH COMPENSATION WITH THE ADDITION OF AN EQUITY RETAINER FOR DIRECTORS EFFECTIVE IMMEDIATELY

((Reuters Investor Briefs; email: reutersinvestor.briefs@thomsonreuters.com))
Source Date/Time = 05-NOV-202513:30:01.58 GMT

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