<SEC-DOCUMENT>0000943374-20-000400.txt : 20200730
<SEC-HEADER>0000943374-20-000400.hdr.sgml : 20200730
<ACCEPTANCE-DATETIME>20200730191423
ACCESSION NUMBER:		0000943374-20-000400
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200730
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20200730
DATE AS OF CHANGE:		20200730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CARVER BANCORP INC
		CENTRAL INDEX KEY:			0001016178
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				133904174
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13007
		FILM NUMBER:		201061841

	BUSINESS ADDRESS:	
		STREET 1:		75 W 125TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10027-4512
		BUSINESS PHONE:		2128764747

	MAIL ADDRESS:	
		STREET 1:		75 W 125TH ST
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10027-4512
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
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    <div style="text-align: center; font-size: 14pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt;">WASHINGTON, D.C. 20549</div>
    <div style="text-align: center;">__________</div>
    <div>&#160;</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">FORM 8-K</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>
    <div><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">PURSUANT TO SECTION 13 OR 15(d) OF THE</div>
    <div style="text-align: center; font-size: 12pt;">SECURITIES EXCHANGE ACT OF 1934</div>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="text-align: center; font-size: 12pt;">Date of Report (Date of earliest event reported):&#160; <u>July 30, 2020</u></div>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="text-align: center; font-size: 12pt;"><u>CARVER BANCORP, INC.</u></div>
    <div style="text-align: center;">(Exact Name of Registrant as Specified in its Charter)</div>
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            <div style="text-align: center; font-size: 12pt;">Delaware</div>
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          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
          <td style="width: 30.77%; vertical-align: bottom; border-bottom: 2px solid black;">
            <div style="text-align: center; font-size: 12pt;">001-13007</div>
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          <td style="width: 3.85%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-size: 12pt;">13-3904174</div>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">(State or Other Jurisdiction</div>
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">of Incorporation)</div>
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          <td style="width: 3.85%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 30.77%; vertical-align: top;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">(Commission File No.)</div>
          </td>
          <td style="width: 3.85%; vertical-align: top; text-align: center;">&#160;</td>
          <td style="width: 30.77%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">(I.R.S. Employer</div>
            <div style="text-align: center; font-size: 12pt;">Identification No.)</div>
          </td>
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            <div style="font-size: 12pt;">75 West 125th Street, New York, NY</div>
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          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">10027-4512</div>
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          <td style="width: 62.89%; vertical-align: bottom;">
            <div style="font-size: 12pt;">(Address of Principal Executive Offices)</div>
          </td>
          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
          <td style="width: 3.73%; vertical-align: top;">&#160;</td>
          <td style="width: 29.66%; vertical-align: bottom;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">(Zip Code)</div>
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    <div style="font-size: 12pt;">Registrant&#8217;s telephone number, including area code: <u>(212) 360-8820</u></div>
    <div>&#160;</div>
    <div style="font-size: 12pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
      following provisions (<font style="font-style: italic;">see</font> General Instruction A.2. below):</div>
    <div><br>
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            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
          </td>
          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
          </td>
        </tr>
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          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
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          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</div>
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          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
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          <td style="width: 8.49%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
          </td>
          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
          </td>
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          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
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            <div style="text-align: center; font-size: 12pt;">[&#160; ]</div>
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          <td style="width: 91.51%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
          </td>
        </tr>
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          <td style="width: 8.49%; vertical-align: top;">&#160;</td>
          <td style="width: 91.51%; vertical-align: top;">&#160;</td>
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            <div style="text-align: justify;">Securities registered pursuant to Section 12(b) of the Act:</div>
            <div>&#160;</div>
          </td>
        </tr>
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          <td style="width: 31.21%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-weight: bold;">Title of each class</div>
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          <td style="width: 23.62%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-weight: bold;">Trading symbol(s)</div>
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          <td style="width: 45.17%; vertical-align: top; border-bottom: 2px solid black;">
            <div style="text-align: center; font-weight: bold;">Name of each exchange on which registered</div>
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        </tr>
        <tr>
          <td style="width: 31.21%; vertical-align: top;">
            <div style="text-align: center;">Common stock, par value $0.01 per share</div>
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            <div style="text-align: center;">CARV</div>
          </td>
          <td style="width: 45.17%; vertical-align: top;">
            <div style="text-align: center;">The NASDAQ Stock Market LLC</div>
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    <div><br>
    </div>
    <div style="font-size: 12pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or
      Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</div>
    <div><br>
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    <div style="text-indent: 36pt; margin-left: 252pt; font-size: 12pt;">Emerging growth company [&#160; ]</div>
    <div><br>
    </div>
    <div style="font-size: 12pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
      revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [&#160; ]</div>
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    <div style="text-align: justify;"><font style="font-size: 12pt; font-weight: bold;">Item 7.01</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="font-weight: bold; font-size: 12pt;"><u>Regulation FD Disclosure</u></font></div>
    <div style="text-align: justify; font-size: 12pt; font-weight: bold;">&#160;</div>
    <div style="text-indent: 36pt; font-size: 12pt;">On July 30, 2020, Carver Bancorp, Inc. (the &#8220;Company&#8221;) reached an agreement in principle (the &#8220;Agreement in Principle&#8221;) with the United
      States Department of the Treasury (the &#8220;Treasury Department&#8221;) to repurchase 2,321,286 shares of the common stock of the Company, par value $0.01 per share, owned by the Treasury Department, for an aggregate purchase price of $2.5 million.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">In connection with the Agreement in Principle, Morgan Stanley has provided a grant to the Company of $2.5 million to fund the repurchase
      transaction. The Company anticipates executing a written agreement with the Treasury Department and completing the repurchase on or about August 6, 2020.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">The information in this Item 7.01 of this Current Report on Form&#160;8-K&#160;shall not be deemed &#8220;filed&#8221; for purposes of Section&#160;18 of the
      Securities Exchange Act of 1934, as amended (the &#8220;Exchange Act&#8221;), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange
      Act, regardless of any general incorporation language in such filing.</div>
    <div><br>
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    <div style="font-size: 12pt; font-weight: bold;">Forward-Looking Statements</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">This Current Report on Form 8-K contains certain forward-looking statements about the Company.&#160; Forward-looking statements include
      statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts.&#160; They often include words such as &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;estimate,&#8221; and &#8220;intend&#8221; or future
      or conditional verbs such as &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; or &#8220;may.&#8221;&#160; Forward-looking statements, by their nature, are subject to risks and uncertainties.&#160; Certain factors that could cause actual results to differ materially from expected
      results include increased competitive pressures, changes in the interest rate environment, general economic conditions or conditions within the securities markets, and legislative and regulatory changes that could adversely affect the business in
      which the Company is engaged.</div>
    <div><br>
    </div>
    <div style="text-indent: 36pt; font-size: 12pt;">The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of
      this report.</div>
    <div><br>
    </div>
    <div><font style="font-size: 12pt; font-weight: bold;">Item 9.01</font><font style="width: 9pt; font-size: 1px; display: inline-block;" class="HorizontalTab"> </font><font style="font-weight: bold; font-size: 12pt;"><u>Financial Statements and Exhibits</u></font></div>
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            <div style="text-align: center; font-size: 12pt;">(a)</div>
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          <td style="width: 91.5%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Financial statements of businesses acquired.&#160; None.</div>
          </td>
        </tr>
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          <td style="width: 8.5%; vertical-align: top;">&#160;</td>
          <td style="width: 91.5%; vertical-align: top;">&#160;</td>
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          <td style="width: 8.5%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">(b)</div>
          </td>
          <td style="width: 91.5%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Pro forma financial information.&#160; None.</div>
          </td>
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          <td style="width: 8.5%; vertical-align: top;">&#160;</td>
          <td style="width: 91.5%; vertical-align: top;">&#160;</td>
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          <td style="width: 8.5%; vertical-align: top;">
            <div style="text-align: center; font-size: 12pt;">(c)</div>
          </td>
          <td style="width: 91.5%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Shell company transactions: None.</div>
          </td>
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          <td style="width: 8.5%; vertical-align: top;">&#160;</td>
          <td style="width: 91.5%; vertical-align: top;">&#160;</td>
        </tr>
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            <div style="text-align: center; font-size: 12pt;">(d)</div>
          </td>
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            <div style="text-align: justify; font-size: 12pt;">Exhibits.&#160; None.</div>
          </td>
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        <tr>
          <td style="width: 8.5%; vertical-align: top;">&#160;</td>
          <td style="width: 91.5%; vertical-align: top;">&#160;</td>
        </tr>

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    <div><font style="font-size: 12pt; font-weight: bold;"> </font><br>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SIGNATURES</div>
    <div><br>
    </div>
    <div style="text-align: justify; text-indent: 36pt; font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its
      behalf by the undersigned, hereunto duly authorized.</div>
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          <td style="width: 40.95%; vertical-align: top;">&#160;</td>
          <td style="width: 6.15%; vertical-align: top;">&#160;</td>
          <td style="width: 52.9%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt; font-weight: bold;">CARVER BANCORP, INC.</div>
            <div>&#160;</div>
            <div>&#160;</div>
          </td>
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          <td style="width: 40.95%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">DATE: July 30, 2020</div>
          </td>
          <td style="width: 6.15%; vertical-align: top;">
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif; font-size: 12pt;">By:&#160;&#160; <br>
            </div>
          </td>
          <td style="width: 52.9%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;"><u>/s/ Michael T. Pugh</u></div>
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          <td style="width: 40.95%; vertical-align: top;">&#160;</td>
          <td style="width: 6.15%; vertical-align: top;">&#160;</td>
          <td style="width: 52.9%; vertical-align: top;">
            <div style="text-align: justify; font-size: 12pt;">Michael T. Pugh</div>
          </td>
        </tr>
        <tr>
          <td style="width: 40.95%; vertical-align: top;">&#160;</td>
          <td style="width: 6.15%; vertical-align: top;">&#160;</td>
          <td style="width: 52.9%; vertical-align: top;">
            <div style="font-size: 12pt;">President and Chief Executive Officer</div>
          </td>
        </tr>

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