SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported): May 22, 2000
CARVER BANCORP, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-21487 13-3904174
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
75 WEST 125TH STREET
NEW YORK, NEW YORK 10027-4512
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (212) 876-4747
NOT APPLICABLE
(Former name or former address, if changed since last report)
ITEMS 1-4, 6. NOT APPLICABLE.
ITEM 5. OTHER EVENTS.
On May 22, 2000, Carver Bancorp, Inc. (the "Company") and BBC Capital
Markets, Inc., a subsidiary of The Boston Bank of Commerce ("BBOC"), jointly
announced that they have agreed to settle all outstanding litigation between
them. Under the terms of the Settlement Agreement between the Company and BBOC,
the Company has agreed to appoint Kevin Cohee and Teri Williams to the boards of
directors of the Company and Carver Federal Savings Bank for terms ending on
March 31, 2002. The Company has also agreed to hold its 2000 annual meeting no
later than March 24, 2001. Pursuant to the Settlement Agreement, BBOC agreed to
dismiss its claims against Carver, Morgan Stanley & Co. Incorporated ("Morgan
Stanley") and Provender Opportunities Fund, L.P. ("Provender") seeking the
nullification of preferred shares issued earlier this year to Morgan Stanley and
Provender.
The Company's press release, dated May 22, 2000, is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated May 22, 2000, announcing
the settlement of litigation with The Boston
Bank of Commerce.
ITEMS 8 & 9. NOT APPLICABLE.
SIGNATURES
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.
CARVER BANCORP, INC.
By: /s/ Deborah C. Wright
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Deborah C. Wright
President and Chief Executive Officer
Date: May 22, 2000
EXHIBIT INDEX
EXHIBIT DESCRIPTION
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99.1 Press Release, dated May 22, 2000, announcing the
settlement of litigation with The Boston Bank of Commerce.