8-K

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 20, 2017

CARROLL BANCORP, INC.

(Exact name of registrant as specified in its charter)

Maryland	000-54422	27-5463184
(State or other jurisdiction	(Commission File Number)	(IRS Employer
of incorporation)		Identification No.)

1321 Liberty Road Sykesville, Maryland 21784

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (410) 795-1900

Not Applicable

(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 (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 – Other Events

Item 8.01 Other Events

On March 20, 2017, the Board of Directors of Carroll Bancorp, Inc. declared a 10% stock dividend payable on or around May 1, 2017 to stockholders of record on April 10, 2017.

A copy of the press release announcing the stock dividend is filed as Exhibit 99.1 hereto.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.

The following exhibit is filed herewith:

99.1 Press Release dated March 20, 2017

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.

Date: March 21, 2017 CARROLL BANCORP, INC. /s/ Michael J. Gallina Michael J. Gallina, Chief Financial Officer

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contact: Russell J. Grimes

President and Chief Executive Officer

(410) 795-1900

Carroll Bancorp, Inc. Announces a 10% Stock Dividend

SYKESVILLE, MD – March 20, 2017 – Carroll Bancorp, Inc. (OTCQB: CROL) (the “Company”), the parent company of Carroll Community Bank announced today that its Board of Directors declared a 10% stock dividend. Each stockholder of record as of 5:00 p.m. Eastern Standard Time on April 10, 2017 (the “Record Date”) will receive one additional share of common stock for every ten shares of common stock owned. The stock dividend will be paid on May 1, 2017. Fractional shares created by the stock dividend will be rounded up to a whole share.

“We believe the stock dividend may increase the liquidity of our stock and is beneficial to our stockholders. We appreciate the continued support of our stockholders and remain focused on enhancing long term stockholder value,” stated Russell Grimes, President and CEO of Carroll Bancorp, Inc.

Carroll Bancorp, Inc. currently has 993,847 shares of common stock issued and outstanding as of March 20, 2017. The stock dividend will increase the common stock issued and outstanding to approximately 1,093,232 shares. The additional common stock will be issued from our authorized but unissued shares.

About Carroll Bancorp, Inc. and Carroll Community Bank

Carroll Bancorp, Inc. is the holding company of Carroll Community Bank. Carroll Community Bank, originally founded in 1870, is a state-chartered commercial bank with branch offices in Eldersburg, Westminster and Bethesda in the state of Maryland. Carroll Community Bank operates as a community-oriented institution, offering a variety of loan and deposit products and serving the financial needs of its local community.