UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
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 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
As previously reported, Jeffrey D. Harris, the Chief Financial Officer of Glen Burnie Bancorp (the “Company”) since 2017, announced his retirement effective June 30, 2025. The Company has commenced a search for a new Chief Financial Officer.
Effective July 1, 2025, the Board of Directors of the Company approved the appointment of Mark C. Hanna as interim Treasurer and interim Principal Accounting Officer of the Company to serve in such capacities until a new Chief Financial Officer is appointed. In his new interim role, Mr. Hanna will be responsible for supervising the functions and personnel of the Company’s accounting and financial departments until a new Chief Financial Officer is appointed. Mr. Hanna is a member of the Company’s Board of Directors and has served as the President and Chief Executive Officer of the Company since October 2023. Mr. Hanna will continue in those roles.
Mr. Hanna, age 57, has over 35 years’ experience in commercial banking, many of them with community banks. From 2017 through April 2023, Mr. Hanna served as President (adding the title of Chief Executive Officer in 2018) of F&M Bank Corp., and from 2005 until 2017 he served in various executive capacities with Eastern Virginia Bankshares and Virginia Company Bank (now part of Primis Financial Corp.). From 1990 to 2005, Mr. Hanna held different positions in large commercial banks.
No new compensatory or severance arrangements were entered into in connection with Mr. Hanna's appointment as interim Principal Accounting Officer.
On June 26, 2025, the Company also entered into a Consulting Agreement with Artisan Advisors, LLC, an Illinois-based consulting firm which offers interim executive management services to community banks. Pursuant to the terms of the Consulting Agreement, Artisan Advisors will provide functional support to the Company’s executive leadership and for the Company’s financial and accounting management personnel until a new Chief Financial Officer is appointed.
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: June 27, 2025 | By: | /s/ Mark C. Hanna |
| Mark C. Hanna | ||
| Chief Executive Officer | ||