Carver in New York barely prevails in proxy battle for board seats

Carver Bancorp in New York narrowly prevailed in a proxy battle with an activist investor.

The company disclosed in a regulatory filing that directors Jillian Joseph and Kenneth Knuckles were reelected at its annual meeting.

Dream Chasers Capital Group, which owns about 9.7% of Carver’s outstanding stock and has been trying to take over the company, had contested for the seats by nominating Jeff Anderson, a former chief financial officer of JPMorgan Chase’s northeast region retail banking organization, and Jeffrey Bailey, CEO of Dunham Metal Processing.

The vote was close: Knuckles received just 7,333 more votes than Anderson and 64,000 more votes than Bailey.