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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):
December 9, 1999 (December 9, 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 December 9, 1999, the Board of Directors of the
Registrant approved a First Amendment, dated as of December 9,
1999 (the "First Amendment"), to that certain Rights Agreement,
dated as of February 13, 1998, by and between the Registrant and
The Bank of Glen Burnie, as Rights Agent (the "Rights
Agreement") to exempt from the definition of Acquiring Person
any person who inadvertently acquires the beneficial ownership
of 10% or more of the outstanding common stock (but not more
than 10 1/4%) and divests sufficient shares such that they are
no longer the beneficial owner of 10% or more of the outstanding
common stock within five business days after being requested to
do so by the Registrant. All other provisions of the Rights
Agreement continue in full force and effect as set forth therein
and were not affected in any way by the First Amendment. The
foregoing description of the Rights Agreement does not purport
to be complete and is qualified in its entirety by reference to
the First Amendment and the Rights Agreement. All terms not
otherwise defined herein shall have the meanings given them in
the Rights Agreement.
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
4.2 First Amendment, dated as of
December 9, 1999, to the Rights
Agreement, dated as of February 13,
1998, by and between Glen Burnie
Bancorp and The Bank of Glen Burnie,
as Rights Agent.
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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: December 9, 1999 By: /s/ F. William Kuethe, Jr.
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F. William Kuethe, Jr.
President
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