leadership
confidence high
sentiment neutral
materiality 0.60
Glen Burnie Bancorp appoints Todd Capitani as CFO and Treasurer effective Nov 17, 2025
GLEN BURNIE BANCORP
- Todd Capitani appointed CFO and Treasurer of Glen Burnie Bancorp and CFO/EVPP/Treasurer of its subsidiary The Bank of Glen Burnie, effective Nov 17, 2025.
- Capitani served as CFO of Shore Bancshares from 2009 to 2025, and was a Senior Manager at Deloitte Consulting from 2006 to 2009.
- He will receive an annual base salary of $270,000, plus eligibility for incentive compensation and equity awards under the 2019 Equity Incentive Plan.
- Employment terms include $35,000 in equity awards vesting pro-rata over four years and targeted annual bonus of 20% of base salary.
- Severance benefits of 2.99 times average annual taxable compensation under the Bank's Change in Control Severance Plan are included.
item 5.02item 9.01