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    SEC Form NT 10-Q filed by Glen Burnie Bancorp

    5/15/25 12:31:28 PM ET
    $GLBZ
    Major Banks
    Finance
    Get the next $GLBZ alert in real time by email
    NT 10-Q 1 tm2515250d1_nt10q.htm NT 10-Q

     

     

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, DC 20549

     

    FORM 12b-25

     

    SEC File Number: 000-24047

    CUSIP Number: 377407101

     

    NOTIFICATION OF LATE FILING

     

    (Check one): ¨ Form 10-K  ¨ Form 20-F   ¨ Form 11-K  x Form 10-Q

     ¨ Form 10-D  ¨ Form N-SA  ¨ Form N-CSR

     

    For Period Ended:              March 31, 2025          

     

    o  Transition Report on Form 10-K o Transition Report on Form 10-Q
    o  Transition Report on Form 20-F o Transition Report on Form N-SAR
    o  Transition Report on Form 11-K  

      

    For the Transition Period Ended:                           

     

    Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.

     

    If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates: ______________________________________________________

     

     

    PART I

    REGISTRATION INFORMATION

     

    Full Name of Registrant:             Glen Burnie Bancorp                                                                                                   

     

    Former Name if Applicable:            N/A                                                                                                                            

     

    Address of Principal Executive Office (Street and Number): 101 Crain Highway, S.E.                                             

     

    City, State and Zip Code: Glen Burnie, Maryland 21061                                                                                             

     

    PART II

    RULE 12b-25 (b) AND (c)

     

    If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25 (b), the following should be completed. (Check box if appropriate)

     

    x(a) The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;

     

    x(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report of Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and

     

    ¨(c) The accountant’s statement or other exhibit required by Rule 12-b-25 (c) has been attached if applicable.

      

     

     

     

     

    PART III

    NARRATIVE

     

    State below in reasonable detail the reasons why the form 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

     

    Due to staffing reductions and concurrent regulatory reporting obligations, the Registrant has experienced delays in completing all procedures required by auditing standards. Additional time is needed to complete these procedures.

      

    PART IV

    OTHER INFORMATION

     

    (1) Name and telephone number of person to contact in regard to this notification.

     

      Jeffrey D. Harris (410) 768-8883  
      (Name) (Area Code) (Telephone Number)  

      

    (2) Have all other periodic reports required under section 13 or 15(d) of the Securities Exchange Act of 1934 or section 30 of Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If the answer is no, identify report(s).

    x Yes  ¨ No

     

    (3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? 

    x Yes  ¨ No

     

    If so: attach an explanation of the anticipated change both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

     

    Glen Burnie Bancorp

     

    (Name of Registrant as Specified in Charter)

     

    has caused this notification to be signed on its behalf by the undersigned thereunto duly authorized. 

     

    Date: May 15, 2025 By: /s/ Jeffrey D. Harris  
        Jeffrey D. Harris  
        Senior Vice President and  
        Chief Financial Officer  

      

     

     

     

    GLEN BURNIE BANCORP

    FORM 12b-25

    FISCAL QUARTER ENDED MARCH 31, 2025

    PART IV, ITEM 3 

     

    The Registrant anticipates higher net income for the fiscal quarter ended March 31, 2025, as compared to net operating results for the prior year’s period. However, inasmuch as the Registrant has not yet completed its financial statements, at this time the Registrant is unable to definitively quantify all of the components of its results of operations.

     

     

     

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