UNITED STATES 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): March 12, 2025

GLEN BURNIE BANCORP

(Exact name of registrant as specified in its charter)

101 Crain Highway, S.E., Glen Burnie, Maryland 21061

(Address of Principal Executive Offices)

Registrant’s telephone number, including area code: (410) 766-3300

Inapplicable

(Former Name or Former Address if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).         Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Securities registered pursuant to Section 12(b) of the Act:

INFORMATION TO BE INCLUDED IN THE REPORT

On March 12, 2025, The Bank of Glen Burnie (the “Bank”), a wholly-owned banking subsidiary of Glen Burnie Bancorp (the “Company”), offered an early retirement incentive (the “Early Retirement Package”) to all Bank employees who were at least 65 years of age at December 31, 2024, had at least ten years of service at the Bank and indicated an interest in receiving an early retirement offer. Under the terms of the Early Retirement Package, the employee would receive an amount equal to two weeks of salary for every year of service plus two months of salary.

Eight employees accepted the Early Retirement Package offered to them. As a result, the Company expects to incur one-time salary expenses totaling approximately $292,675 during the Company’s fiscal quarter ending June 30, 2025.  The annual salary and benefit expense for the employees who accepted the Early Retirement Package total approximately $565,943.  While the Bank expects to replace two of the eight positions at a later date, the Company expects that the net savings to the Company based on current salary levels will be approximately $380,000 annually.

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.