GLEN BURNIE BANCORP 8-K: Officer/Director Changes, Comp Arrangements
Ticker: GLBZ · Form: 8-K · Filed: Jan 4, 2024 · CIK: 890066
| Field | Detail |
|---|---|
| Company | Glen Burnie Bancorp (GLBZ) |
| Form Type | 8-K |
| Filed Date | Jan 4, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: executive-changes, governance, compensation
TL;DR
**GLEN BURNIE BANCORP just filed an 8-K about changes in its leadership and executive pay.**
AI Summary
GLEN BURNIE BANCORP filed an 8-K on January 4, 2024, reporting an event that occurred on December 31, 2023. The filing indicates information related to the 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers'. This matters to investors because changes in leadership or executive compensation can signal shifts in company strategy, financial health, or governance, potentially impacting future stock performance.
Why It Matters
Changes in executive leadership and compensation can directly influence a company's strategic direction and operational efficiency, which are key drivers of shareholder value.
Risk Assessment
Risk Level: medium — Changes in leadership can introduce uncertainty, but the specific details of the changes are not provided in this summary filing, making the exact impact unclear.
Analyst Insight
Investors should monitor subsequent filings or press releases from GLEN BURNIE BANCORP for specific details regarding the reported changes in officers, directors, and compensation arrangements to assess their potential impact on the company's future performance and governance.
Key Players & Entities
- GLEN BURNIE BANCORP (company) — registrant
- December 31, 2023 (date) — date of earliest event reported
- January 4, 2024 (date) — filing date
- 0-24047 (other) — Commission File Number
- 52-1782444 (other) — IRS Employer Identification No.
FAQ
What was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 31, 2023.
What specific items are covered in this 8-K filing according to the 'ITEM INFORMATION' section?
The 'ITEM INFORMATION' section indicates that the filing covers 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers'.
What is the business address of GLEN BURNIE BANCORP as stated in the filing?
The business address of GLEN BURNIE BANCORP is 101 Crain Highway, S.E., Glen Burnie, Maryland 21061.
What is the Commission File Number for GLEN BURNIE BANCORP?
The Commission File Number for GLEN BURNIE BANCORP is 0-24047.
Is GLEN BURNIE BANCORP an emerging growth company according to this filing?
The filing indicates that GLEN BURNIE BANCORP is an emerging growth company, as marked by the 'Emerging growth company ✓' checkbox.
Filing Stats: 401 words · 2 min read · ~1 pages · Grade level 12.1 · Accepted 2024-01-04 09:53:53
Filing Documents
- tm242045d1_8k.htm (8-K) — 23KB
- 0001104659-24-001180.txt ( ) — 191KB
- glbz-20231231.xsd (EX-101.SCH) — 3KB
- glbz-20231231_lab.xml (EX-101.LAB) — 33KB
- glbz-20231231_pre.xml (EX-101.PRE) — 22KB
- tm242045d1_8k_htm.xml (XML) — 3KB
02. Departure of Directors or Certain Officers; Election of Directors;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 31, 2023, Chares Lynch, Jr., a member of the Board of Directors of Glen Burnie Bancorp since 2003, resigned from the Board for personal reasons, effective December 31, 2023.
SIGNATURES
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: January 4, 2024 By: /s/ Mark C. Hanna Mark C. Hanna Chief Executive Officer