Glen Burnie Bancorp Announces Board and Officer Changes
Ticker: GLBZ · Form: 8-K · Filed: Jan 10, 2025 · CIK: 890066
| Field | Detail |
|---|---|
| Company | Glen Burnie Bancorp (GLBZ) |
| Form Type | 8-K |
| Filed Date | Jan 10, 2025 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: management-change, governance, officer-appointment
Related Tickers: GBNB
TL;DR
GBNB board shakeup effective Jan 10, 2025. New directors, officer changes, comp updates.
AI Summary
Glen Burnie Bancorp announced on January 10, 2025, changes in its board and officer appointments. The filing details the departure of certain directors and officers, the election of new directors, and updates to compensatory arrangements for key executives. Specific names of departing and newly appointed individuals are not detailed in this excerpt, but the changes are effective as of January 10, 2025.
Why It Matters
Changes in a company's board of directors and executive officers can signal shifts in strategy, governance, or operational focus, potentially impacting future performance and shareholder value.
Risk Assessment
Risk Level: medium — Board and officer changes can indicate internal shifts or strategic realignments that may carry inherent risks.
Key Numbers
- 0000890066 — Central Index Key (Unique identifier for the filer)
- 52-1782444 — IRS Employer Identification No. (Tax identification number for the company)
Key Players & Entities
- GLEN BURNIE BANCORP (company) — Registrant
- January 10, 2025 (date) — Date of earliest event reported
- Maryland (location) — State of Incorporation
- 4107663300 (phone_number) — Registrant's telephone number
FAQ
What specific items are being reported under the Form 8-K?
The Form 8-K reports on the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers.
What is the exact name of the registrant?
The exact name of the registrant is GLEN BURNIE BANCORP.
In which state was Glen Burnie Bancorp incorporated?
Glen Burnie Bancorp was incorporated in Maryland.
What is the principal executive office address for Glen Burnie Bancorp?
The principal executive office address is 101 Crain Highway, S.E., Glen Burnie, Maryland 21061.
What is the date of the earliest event reported in this filing?
The date of the earliest event reported is January 10, 2025.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 12.3 · Accepted 2025-01-10 15:52:47
Filing Documents
- tm252972d1_8k.htm (8-K) — 23KB
- 0001104659-25-002509.txt ( ) — 192KB
- glbz-20250110.xsd (EX-101.SCH) — 3KB
- glbz-20250110_lab.xml (EX-101.LAB) — 33KB
- glbz-20250110_pre.xml (EX-101.PRE) — 22KB
- tm252972d1_8k_htm.xml (XML) — 4KB
02. Departure of Directors or Certain Officers;
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 10, 2025, The Bank of Glen Burnie (the " Bank "), a wholly owned subsidiary of Glen Burnie Bancorp, and Andrew J. Hines, Executive Vice President of the Bank since 2017 and Chief Lending Officer of the Bank since 2014, terminated their relationship effective January 10, 2025.
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 10, 2025 By: /s/ Mark C. Hanna Mark C. Hanna Chief Executive Officer