#Dream Chasers #Carver Bancorp #Board of Directors

A Significant Shift in Carver Bancorp’s Leadership

In a recent shareholder meeting held on December 12, 2024, the Dream Chasers Capital Group LLC emerged victorious, obtaining approximately 70% of the retail vote in favor of new members for the Board of Directors of Carver Bancorp, Inc. This substantial backing comes amid concerns regarding the transparency of the voting process and the commitment of board members to listen to shareholder voices.

Greg Lewis, the CEO of Dream Chasers, expressed the desire for the newly elected board to commence their governance with integrity, emphasizing the importance of approaching the voting under clear, fair conditions. The meeting raised eyebrows particularly due to the unexplained extension of the voting period by 45 minutes, which was met with skepticism by the shareholders present. Many interpreted this move as an attempt to manipulate the final outcome in favor of incumbents, raising questions about the ethical standards expected from Carver’s leadership.

Calls for Accountability and Transparency

In light of the election results, Lewis has made a series of demands to Carver's current CEO, Donald Felix, and the Board to ensure accountability. He highlighted the necessity for real-time voting totals to be disclosed, thereby instilling confidence in the electoral process. Furthermore, he called for a full disclosure of any high-pressure sales tactics employed to influence votes, particularly in the lead-up to the meeting. The lack of transparency surrounding the voting process is particularly alarming for shareholders who seek to ensure that their investments are managed in their best interests.

Lewis has suggested that the current Board members failed to demonstrate a mandate, considering that the newly proposed nominees garnered approximately the same number of votes as the existing directors. He asserts that immediate appointments of Jeffrey