Welcome to our dedicated page for Glen Burnie Bancorp SEC filings (Ticker: GLBZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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Glen Burnie Bancorp (Nasdaq: GLBZ) filed an 8-K announcing the retirement of long-time CFO Jeffrey D. Harris effective June 30 2025. A search for a successor has begun; starting July 1 2025, President & CEO Mark C. Hanna will also serve as interim Treasurer and Principal Accounting Officer. No new compensation or severance arrangements were entered into for Hanna.
To stabilize finance operations, the Company executed a Consulting Agreement with Artisan Advisors, LLC, which will supply interim executive and accounting support until a permanent CFO is hired. The filing does not alter financial guidance, disclose new metrics, or introduce compensation changes.
This constitutes a C-suite leadership change that could affect internal controls and reporting quality, although the Board has outlined an interim continuity plan.
Glen Burnie Bancorp (GLBZ) – Form 4 insider transaction: President & CEO Mark C. Hanna purchased 3,000 common shares of the bank on 13 June 2025 at an average price of $4.76 per share. Following this open-market buy (coded “P”), Mr. Hanna’s direct ownership increased to 16,570 shares. No derivative transactions were reported and no other officers or directors were listed. The filing was signed on 23 June 2025.
The transaction is modest in size (≈ $14k) but signals insider confidence as the CEO and a director adds to his personal stake. No sales, option exercises, or 10b5-1 plan notations were disclosed.