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UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

 

FORM 8-K

 

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of report (Date of earliest event reported): May 11, 2023

 

GLEN BURNIE BANCORP

(Exact name of registrant as specified in its charter)

 

Maryland 0-24047 52-1782444
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation)   Identification No.)

 

101 Crain Highway, S.E., Glen Burnie, Maryland 21061

(Address of Principal Executive Offices)

 

Registrant’s telephone number, including area code: (410) 766-3300

 

Inapplicable

(Former Name or Former Address if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).         Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class Trading symbol Name of each exchange on which registered
Common Stock GLBZ Nasdaq Capital Market

 

 

 

 

 

 

INFORMATION TO BE INCLUDED IN THE REPORT

 

Item 5.07.Submission of Matters to a Vote of Security Holders.

 

The Annual Meeting of Stockholders of Glen Burnie Bancorp (the “Company”) was held on May 11, 2023. The matters submitted to the stockholders for a vote were: (i) the election of four directors; and (ii) the authorization to accept the recommendation of the Company’s Audit Committee with respect to the selection of an independent auditing firm for the Company’s fiscal year ending December 31, 2023.

 

Of the 2,868,504 shares entitled to notice of and to vote at the meeting, 2,158,768 shares (or 75% of the total shares) were represented at the meeting.

 

(i)The nominees submitted for election as directors were John E. Demyan, Charles Lynch, Jr., F. W. Kuethe, III, and Mary Louise Wilcox. The following are the voting results (in number of shares) with respect to the election of directors:

 

Name  For   Withhold   Broker Non
Votes		 
John E. Demyan   1,114,972    147,027    896,769 
Charles Lynch, Jr.   1,115,731    146,268    896,769 
F. W. Kuethe, III   1,097,663    164,336    896,769 
Mary Louise Wilcox   1,094,163    167,836    896,769 

 

As a result, all of the nominees were elected to serve as directors for terms of three years each and until their successors are duly elected and qualified. Directors not up for re-election and continuing in office after the Meeting are: Thomas Clocker, Andrew Cooch, Stanford D. Hess, John D. Long, Julie Mussog, and Joan M. Rumenap.

 

(ii)The results of the vote on the proposal to authorize selection of an auditor were as follows:

 

 For

  

Against

  

 Abstain

   Broker
Non-Votes		 
 2,102,552    25,495    30,721    0 

 

As a result, the proposal was approved.

 

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 thereunto duly authorized.

 

    GLEN BURNIE BANCORP
    (Registrant)
     
Date: May 12, 2023 By: /s/ John D. Long
    John D. Long
    Chief Executive Officer

 

 

 

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