SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
Commission File Number: 0-21487
CUSIP Number: 146875
NOTIFICATION OF LATE FILING
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(Check One): /X/ Form 10-K / / Form 11-K / / Form 10-Q / / Form N-SAR
For Period Ended: March 31, 1998
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/ / Transition Report on Form 10-K / / Transition Report on Form 10-Q
/ / Transition Report on Form 20-F / / Transition Report on Form N-SAR
/ / Transition Report on Form 11-K
For the Transition Period Ended:------------------------------------------------
READ ATTACHED INSTRUCTION SHEET BEFORE PREPARING FORM. PLEASE PRINT OR
TYPE.
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates: Annual Report on Form
10-K. ----------------------
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PART I. REGISTRANT INFORMATION
Full name of registrant Carver Bancorp, Inc.
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Former name if applicable
Address of principal executive office (STREET AND NUMBER) 75 West 125th Street
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City, State and Zip Code New York, NY 10027
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PART II. RULE 12B-25 (B) AND (C)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box.)
/X/ (a) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
/X/ (b) The subject annual report, semi-annual report, transition report on
Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will be filed on or
before the 15th calendar day following the prescribed due date; or the subject
quarterly report or transition report on Form 10-Q, or portion thereof will be
filed on or before the fifth calendar day following the prescribed due date; and
/ / (c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
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PART III. NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F,
10-Q, N-SAR or transition report portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
On February 23, 1998, the Registrant discovered that a limited number of
checks had fraudulently been drawn (the "Defalcation") against the general funds
of Carver Federal Savings Bank (the "Bank"), a federally chartered savings bank
and the wholly owned subsidiary of the Registrant. The Registrant's principal
activities consist of managing the operations of the Bank.
The Bank promptly reported the Defalcation to the FBI, as well as to
banking authorities, and the Registrant and Bank conducted a thorough internal
investigation in addition to cooperating with police and regulatory authorities.
An officer of the Bank is currently under arrest in connection with the
Defalcation.
Simultaneously with the Registrant's investigation of the Defalcation, the
Bank is in the midst of a conversion of its data processing system, which system
contains the information necessary for preparation of the Registrant's annual
report on Form 10-K.
As a result of the foregoing unusual circumstances and in the interest of
full and accurate disclosure to the Commission and to current stockholders and
to avoid incurring unreasonable effort or expense, the Registrant requires
additional time to prepare its Form 10-K filing. The Registrant anticipates that
the filing will be made as required under Rule 12b-25(b)(2)(ii).
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Raymond L. Bruce (212) 876-4747
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(Name) (Area code) (Telephone number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
/X/ Yes / / No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
/ / Yes /X/ No
If so: attach an explanation of the anticipated change, both narratively
and quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
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CARVER BANCORP, INC.
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(Name of Registrant as specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
CARVER BANCORP, INC.
Date June 26, 1998 By: /s/ Raymond L. Bruce
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Name: Raymond L. Bruce
Title: Senior Vice President, Corporate
Counsel and Corporate Secretary
INSTRUCTION: The form may be signed by an executive officer of the
registrant or by any other duly authorized representative. The name and title of
the person signing the form shall be typed or printed beneath the signature. If
the statement is signed on behalf of the registrant by an authorized
representative (other than an executive officer), evidence of the
representative's authority to sign on behalf of the registrant shall be filed
with the form.
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ATTENTION
INTENTIONAL MISSTATEMENTS OR OMISSIONS OF FACT CONSTITUTE FEDERAL
CRIMINAL VIOLATIONS (SEE 18 U.S.C. 1001).
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GENERAL INSTRUCTIONS
1. This form is required by Rule 12b-25 (17 CFR 240.12b-25) of the
General Rules and Regulations under the Securities Exchange Act of 1934.
2. One signed original and four conformed copies of this form and
amendments thereto must be completed and filed with the Securities and Exchange
Commission, Washington, D.C. 20549, in accordance with Rule 0-3 of the General
Rules and Regulations under the Act. The information contained in or filed with
the form will be made a matter of public record in the Commission files.
3. A manually signed copy of the form and amendments thereto shall be
filed with each national securities exchange on which any class of securities of
the registrant is registered.
4. Amendments to the notifications must also be filed on form 12b-25 but
need not restate information that has been correctly furnished. The form shall
be clearly identified as an amended notification.
5. ELECTRONIC FILERS. This form shall not be used by electronic filers
unable to timely file a report solely due to electronic difficulties. Files
unable to submit a report within the time period prescribed due to difficulties
in electronic filing should comply with either Rule 201 or Rule 202 of
Regulation S-T (ss.232.201 or ss.232.202 of this chapter) or apply for an
adjustment in filing date pursuant to Rule 13(b) of Regulation S-T (ss.232.13(b)
of this chapter).
