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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
Pursuant to section 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported): August 18, 2003
CARVER BANCORP, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-21487 13-3904147
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
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)
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Item 12. Results of Operations and Financial Condition
This Form 8-K/A amends the Company's current report on Form 8-K filed on
July 25, 2003.
Between the time of the release of its earnings press release dated July
23, 2003 reporting the results of the first quarter of the fiscal year ending
March 31, 2004 ("fiscal 2004") and the filing of its quarterly report on SEC
Form 10-Q on August 18, 2003 ("Form 10-Q"), the Company made an adjustment for
prepaid mortgage interest which resulted in the recognition of additional income
from that reported in the first quarter earnings press release. As a result of
the higher income, the Company as part of its fiscal 2004 budget also accrued
expenses for its performance-based management incentive plans.
The net result of these adjustments increased net income available to
common stockholders to $1.038 million from $1.029 million, an increase of
$9,000. Compensation and benefits expense increased $100,000 to $1.805 million
from $1.705 million. Interest income related to mortgage loans increased to
$4.866 million from $4.752 million, an increase of $114,000. The aforementioned
additional income and accrual are reflected in Part 1, Item 1 "Financial
Statements" of the Company's Form 10-Q.
The information provided pursuant to this Form 8-K/A shall not be deemed
incorporated by reference by any general statement incorporating by reference
this Form 8-K/A into any filing under the Securities Act of 1933, as amended, or
the Securities Exchange Act of 1934, as amended, and shall not otherwise be
deemed filed under such Acts.
Signature
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, 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
Dated: August 19, 2003