GLEN BURNIE BANCORP (NASDAQ:GLBZ) Files An 8-K Submission of Matters to a Vote of Security Holders
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 11, 2017. The matters
submitted to the stockholders for a vote were: (i) the election
of four directors; and (ii) the authorization to accept the
recommendation of the Companys Audit Committee with respect to
the selection of an independent auditing firm for the Companys
fiscal year ending December 31, 2017. The nominees submitted for
election as directors were John E. Demyan, Charles Lynch, Jr., F.
W. Kuethe, III, and Mary Lou Wilcox.
| (i) |
The following are the voting results (in number of shares) with respect to the election of directors: |
| Name | For | Withhold | Broker Non Votes |
| John E. Demyan | 1,544,043 | 274,746 | 520,505 |
| Charles Lynch, Jr. | 1,582,031 | 236,758 | 520,505 |
| F. W. Kuethe, III | 1,537,285 | 281,504 | 520,505 |
| Mary Lipin Wilcox | 1,551,693 | 267,096 | 520,505 |
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, Norman E. Harrison, Jr., John D. Long, Edward L.
Maddox, Thomas Clocker, F. William Kuethe, Jr. and Karen B.
Thorwarth.
| (ii) |
The results of the vote on the proposal to authorize selection of an auditor were as follows: |
|
For |
Against |
Abstain |
Broker Non-Votes |
| 2,317,906 | 9,950 | 11,438 |
As a result, the proposal was approved.
About GLEN BURNIE BANCORP (NASDAQ:GLBZ)
Glen Burnie Bancorp is the bank holding company for The Bank of Glen Burnie (the Bank), a commercial bank. The Bank is engaged in the commercial and retail banking business, including the acceptance of demand and time deposits, and the origination of loans to individuals, associations, partnerships and corporations. Its real estate financing consists of residential first and second mortgage loans, home equity lines of credit and commercial mortgage loans. Its lending activities include residential and commercial real estate loans, construction loans, land acquisition and development loans, and consumer installment lending, including indirect automobile lending. Its deposit products include regular savings accounts (statements), money market deposit accounts, demand deposit accounts, negotiable order of withdrawal (NOW) checking accounts, individual retirement account (IRA) and simplified employee pension (SEP) accounts, Christmas club accounts and certificates of deposit. GLEN BURNIE BANCORP (NASDAQ:GLBZ) Recent Trading Information
GLEN BURNIE BANCORP (NASDAQ:GLBZ) closed its last trading session up +0.13 at 11.99 with 417 shares trading hands.
