Glen Burnie Bancorp filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
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CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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INFORMATION TO BE INCLUDED IN THE REPORT
| Item 5.07. | Submission of Matters to a Vote of Security Holders. |
The Annual Meeting of Stockholders of Glen Burnie Bancorp (the “Company”) was held on May 9, 2024. The matters submitted to the stockholders for a vote were: (i) the election of three directors; and (ii) the ratification of the acceptance by the Board of Directors of the selection of the Audit Committee of an outside auditing firm for the Company’s fiscal year ending December 31, 2024.
Of the 2,887,467 shares entitled to notice of and to vote at the meeting, 2,167,161 shares (or 75% of the total shares) were represented at the meeting.
| (i) | The nominees submitted for election as directors were Andrew Cooch, Stanford D. Hess, and Mark C. Hanna. The following are the voting results (in number of shares) with respect to the election of directors: |
| Name | For | Withhold | Broker Non Votes |
| Andrew Cooch | 1,134,040 | 118,360 | 914,761 |
| Mark C. Hanna | 1,159,324 | 93,076 | 914,761 |
| Stanford D. Hess | 1,095,474 | 156,926 | 914,761 |
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: Thomas Clocker, John E. Demyan, F. W. Kuethe, III, Julie Mussog, Joan M. Rumenap and Mary Louise Wilcox.
| (ii) | The results of the vote on the proposal to ratify the acceptance of the selection of an auditor were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
| 2,109,250 | 29,251 | 28,660 | 0 |
| As a result, the proposal was approved. |
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: May 10, 2024 | By: | /s/ Mark C. Hanna |
| Mark C. Hanna | ||
| Chief Executive Officer | ||