Current Report Filing (8-k)
May 10 2019 - 1:38PM
Edgar (US Regulatory)
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 9, 2019
GLEN
BURNIE BANCORP
(Exact name of registrant as specified in
its charter)
Maryland
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0-24047
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52-1782444
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(State or Other Jurisdiction
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(Commission File Number)
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(IRS Employer
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of Incorporation)
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Identification No.)
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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:
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¨
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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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
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock
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GLBZ
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Nasdaq Capital Market
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INFORMATION TO BE INCLUDED IN THE REPORT
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Item 5.07.
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Submission of Matters to a Vote of Security Holders.
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The Annual Meeting
of Stockholders of Glen Burnie Bancorp (the “
Company
”) was held on May 9, 2019. The matters submitted to the
stockholders for a vote were: (i) the election of three directors; (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, 2019; (iii) the approval of the Company’s 2019 Equity Incentive Plan; (iv) a non-binding resolution approving the compensation
of the executive officers named in the proxy statement; and (v) a non-binding vote on the frequency of stockholder votes on the
compensation of the executive officers named in the proxy statement.
Of the 2,817,821 shares
entitled to notice of and to vote at the meeting, 2,181,063 shares (or 77.4% of the total shares) were represented at the meeting.
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(i)
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The nominees submitted for election as directors were Thomas Clocker, Joan M. Rumenap and Julie
Mussog. The following are the voting results (in number of shares) with respect to the election of directors:
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Name
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For
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Withhold
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Broker Non Votes
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Thomas Clocker
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1,366,539
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49,948
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764,576
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Joan M. Rumenap
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1,217,097
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199,389
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764,577
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Julie Mussog
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1,367,760
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48,726
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764,577
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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: Andrew Cooch, John E. Demyan, Norman E. Harrison, Jr., Stanford
D. Hess, Frederick W. Kuethe, III, John D. Long, Charles Lynch, Jr., and Mary Lou Wilcox.
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(ii)
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The results of the vote on the proposal to authorize selection of an auditor were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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2,064,598
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104,388
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12,077
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0
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As a result,
the proposal was approved.
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(iii)
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The results of the vote on the approval of the Company’s 2019 Equity Incentive Plan were
as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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1,282,495
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79,100
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54,892
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764,576
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As a result, the Plan
was approved.
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(iv)
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The results of the vote on the non-binding resolution approving the compensation of the executive
officers named in the proxy statement were as follows:
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For
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Against
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Abstain
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Broker
Non-Votes
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1,264,972
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89,313
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62,201
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764,577
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As a result, the resolution was
approved.
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(v)
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The results of the non-binding vote on the frequency of stockholder votes on the compensation of
the executive officers named in the proxy statement were as follows:
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One Year
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Two Years
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Three Years
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Abstain
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301,865
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6,244
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1,023,300
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849,654
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As a result, the frequency of three
years was approved. Consistent with the non-binding vote of the stockholders, the Company has determined to hold future advisory
votes on executive compensation every three years.
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.
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GLEN BURNIE BANCORP
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(Registrant)
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Date: May 10, 2019
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By:
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/s/ John D. Long
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John D. Long
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Chief Executive Officer
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