Glen Burnie Bancorp 8-K Filing

FAQ

Key Financial Figures

• $270,000 — e will receive an annual base salary of $270,000, subject to merit increases in the disc

Filing Documents

• tm2531626d1_8k.htm (8-K) — 28KB
• tm2531626d1_ex10-1.htm (EX-10.1) — 10KB
• 0001104659-25-113651.txt ( ) — 203KB
• glbz-20251113.xsd (EX-101.SCH) — 3KB
• glbz-20251113_lab.xml (EX-101.LAB) — 33KB
• glbz-20251113_pre.xml (EX-101.PRE) — 22KB
• tm2531626d1_8k_htm.xml (XML) — 4KB

02. Departure

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 13, 2025, the Board of Directors of Glen Burnie Bancorp (the "Company") approved the appointment of Todd Capitani as Treasurer and Chief Financial Officer of the Company, and Chief Financial Officer/Executive Vice President and Treasurer of the Company's wholly-owned subsidiary, The Bank of Glen Burnie (the "Bank"), effective November 17, 2025. Mr. Capitani, age 59, served as the Chief Financial Officer of Shore Bancshares, Inc. and its predecessor from November 2009 until August 2025. From January 2006 through November 2009, Mr. Capitani was a Senior Manager with Deloitte Consulting, and from 2002 through December 2005 he was a Senior Consultant with Acsys, Inc. From 1998 through 2001 he was Chief Financial Officer of Ruesch International, Inc., a Washington, DC-based financial services company specializing in international B2B payment and foreign exchange solutions for businesses. From 1992 through 1998, Mr. Capitani was an audit managerwith Bertorelli & Company, a San Francisco-based accounting firm, and from 1989 through 1991, he was on the audit staff of Ernst & Young's San Francisco office. Mr. Capitani received a Bachelor's degree in business economics with a concentration in accounting from University of California, Santa Barbara in 1989, and became a certified public accountant in 1990. Under the terms of Mr. Capitani's employment, he will receive an annual base salary of $270,000, subject to merit increases in the discretion of management, plus benefits. In addition, he is eligible to receive incentive compensation in accordance with the policies of the Bank for its executive officers if certain performance goals are met. Mr. Capitani will also be granted shares of the Company's common stock pursuant to the Company's 2019 Equity Incentive Pan, vesting over four years. Mr. Capitani's em

01. Financial Statements and

Item 9.01. Financial Statements and Exhibits. (c) Exhibits The following exhibits are filed herewith: Exhibit No. 10.1 Employment Letter between The Bank of Glen Burnie and Todd Capitani 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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: November 18, 2025 By: /s/ Mark C. Hanna Mark C. Hanna Chief Executive Officer

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