Haddock Family Trusts Maintain 10% Stake in Glen Burnie Bancorp
Ticker: GLBZ · Form: SC 13G/A · Filed: Jan 8, 2024 · CIK: 890066
| Field | Detail |
|---|---|
| Company | Glen Burnie Bancorp (GLBZ) |
| Form Type | SC 13G/A |
| Filed Date | Jan 8, 2024 |
| Risk Level | low |
| Pages | 6 |
| Reading Time | 8 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Haddock Family Trusts still own 10% of Glen Burnie Bancorp, showing strong conviction.**
AI Summary
The Edward E. Haddock, Jr. Family Trusts II, a group including the Edward E. Haddock, Jr. Family Foundation and Edward E. Haddock, Jr. Sons Trusts II, filed an amended SC 13G/A on January 8, 2024, indicating their continued significant ownership in Glen Burnie Bancorp. As of January 3, 2024, this group beneficially owns 678,000 shares of Glen Burnie Bancorp's Common Stock, representing 10.0% of the company. This matters to investors because it signals a stable, long-term institutional interest in the company, potentially reducing volatility and indicating confidence from a major shareholder.
Why It Matters
This filing confirms a major shareholder's continued significant stake, which can provide stability and signal confidence in Glen Burnie Bancorp's long-term prospects.
Risk Assessment
Risk Level: low — The filing indicates a stable, significant ownership by a family trust, which generally reduces short-term trading risk.
Analyst Insight
Investors should note the continued stability of a major shareholder, which can be a positive signal for long-term holding, but this filing alone doesn't suggest immediate buying or selling action.
Key Numbers
- 678,000 — Shares Beneficially Owned (Total shares of Glen Burnie Bancorp Common Stock owned by the reporting group)
- 10.0% — Percentage of Class (The percentage of Glen Burnie Bancorp's Common Stock beneficially owned by the reporting group)
- January 3, 2024 — Date of Event (The date requiring the filing of this statement)
Key Players & Entities
- Edward E. Haddock, Jr. Family Trusts II (company) — Reporting Person and beneficial owner of Glen Burnie Bancorp shares
- Glen Burnie Bancorp (company) — The Issuer whose securities are being reported
- Edward E. Haddock, Jr. Family Foundation (company) — Member of the reporting group
- Edward E. Haddock, Jr. Sons Trusts II - Rob Haddock 678 Share Trust II (company) — Member of the reporting group
- Edward E. Haddock, Jr. Sons Trusts II - Scott Haddock 678 Share Trust II (company) — Member of the reporting group
Forward-Looking Statements
- The Edward E. Haddock, Jr. Family Trusts II will likely maintain their significant ownership stake in Glen Burnie Bancorp for the foreseeable future. (Edward E. Haddock, Jr. Family Trusts II) — high confidence, target: 2025-01-08
FAQ
Who is the primary reporting person in this SC 13G/A filing?
The primary reporting person is The Edward E. Haddock, Jr. Family Trusts II, as stated in Item 1 of Schedule 13G.
What is the CUSIP number for Glen Burnie Bancorp's Common Stock?
The CUSIP number for Glen Burnie Bancorp's Common Stock is 377407101, as listed on the cover page of the Schedule 13G.
What was the date of the event that triggered this SC 13G/A filing?
The date of the event which required the filing of this statement was January 3, 2024, as indicated on the cover page of the Schedule 13G.
Which rule under the Securities Exchange Act of 1934 is this Schedule 13G filed under?
This Schedule 13G is filed under Rule 13d-1(c), as indicated by the checked box on the cover page.
What is the business address of the Edward E. Haddock, Jr. Family Trusts II?
The business address for the Edward E. Haddock, Jr. Family Trusts II is 3300 University Boulevard, Suite 218, Winter Park, FL 32792, as detailed in the 'FILED BY' section of the filing.
Filing Stats: 1,916 words · 8 min read · ~6 pages · Grade level 9.4 · Accepted 2024-01-08 13:15:58
Filing Documents
- d657634dsc13ga.htm (SC 13G/A) — 92KB
- 0001193125-24-004243.txt ( ) — 94KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. The Edward E. Haddock, Jr. Family Trusts II By: /s/ Kevin Millslagle January 8, 2024 Kevin Millslagle Date Delegate of Trustee Edward E. Haddock, Jr. Family Foundation By: /s/ Edward E. Haddock, III January 8, 2024 Edward E. Haddock, III Date Executive Director The Edward E. Haddock, Jr. Sons Trusts II Rob Haddock 678 Share Trust II By: /s/ Kevin Millslagle January 8, 2024 Kevin Millslagle Date Delegate of Trustee The Edward E. Haddock, Jr. Sons Trusts II Scott Haddock 678 Share Trust II By: /s/ Kevin Millslagle January 8, 2024 Kevin Millslagle Date Delegate of Trustee Page 9 of 10 EXHIBIT A JOINT FILING AGREEMENT This Joint Filing Agreement (this Agreement) hereby confirms the agreement by and among all of the undersigned that the Schedule 13G which this Agreement is attached as Exhibit A with respect to the beneficial ownership of the undersigned of shares common stock of Glen Burnie Bancorp is being filed on behalf of each of the undersigned. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The Edward E. Haddock, Jr. Family Trusts II By: /s/ Kevin Millslagle January 8, 2024 Kevin Millslagle Date Delegate of Trustee Edward E. Haddock, Jr. Family Foundation By: /s/ Edward E. Haddock, III January 8, 2024 Edward E. Haddock, III Date Executive Director The Edward E. Haddock, Jr. Sons Trusts II Rob Haddock 678 Share Trust II By: /s/ Kevin Millslagle January 8, 2024 Kevin Millslagle Date Delegate of Trustee The Edward E. Haddock, Jr. Sons Trusts II Scott Haddock 678 Share Trust II By: /s/ Kevin Millslagle January 8, 2024 Kevin Millslagle Date Delegate of Trustee Page 10 of 1