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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
November 30, 1999 (November 16, 1999)
GLEN BURNIE BANCORP
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(Exact name of registrant as specified in its charter)
MARYLAND 0-24047 52-1782444
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
101 CRAIN HIGHWAY, S.E., GLEN BURNIE, MARYLAND 21227
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:(410)766-3300
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NOT APPLICABLE
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(Former name or former address, if changed since last report)
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ITEM 5. OTHER EVENTS.
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On November 16, 1999, the Registrant elected by resolution
of its Board of Directors to become subject to Sections 3-804
and 3-805 of Subtitle 8 of Title 3 of the Maryland General
Corporation Law ("MGCL") all as more particularly described in
the Articles Supplementary filed as Exhibit 3.3 hereto. Section
3-804 requires at least a two-thirds vote of the stockholders
for the removal of directors, and then only for cause in
accordance with Section 2-406(b)(3) of the MGCL, and vests in
the Board of Directors the power to fix the number of directors
by resolution and to fill any vacancies on the Board of
Directors for the remainder of the full term of the class of
directors in which the vacancy occurred. Section 3-805
specifies that stockholders may only call a special meeting of
the stockholders on the written request of the stockholders
entitled to cast at least a majority of the votes entitled to be
cast at the meeting. In the event of any inconsistency with the
charter and bylaws of the Registrant, the aforesaid provisions
of Subtitle 8 of Title 3 of the MGCL shall govern.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
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(a) Financial Statements of Businesses Acquired. None
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(b) Pro Forma Financial Information. None
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(c) Exhibits. The following exhibits are filed as part of
-------- this report on Form 8-K:
EXHIBIT NO. DESCRIPTION
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3.3 Articles Supplementary, dated
November 16, 1999
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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, hereunto duly
authorized.
GLEN BURNIE BANCORP
Date: November 30, 1999 By: /s/ F. William Kuethe, Jr.
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F. William Kuethe, Jr.
President
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