---
schema_version: "secwatch.filing_event.v1"
accession: "0000824410-24-000027"
form_type: "8-K"
ticker: null
cik: "0000824410"
company_name: "SANDY SPRING BANCORP INC"
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:28:57.361471+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Sandy Spring Bancorp appoints Charles Cullum as CFO, succeeding retiring Philip Mantua

## Summary
- Charles S. Cullum appointed CFO effective May 22, 2024; promoted from Deputy CFO and Treasurer.
- Outgoing CFO Philip J. Mantua will remain through year-end to support the leadership transition.
- Cullum's base salary increased to $466,000; target Annual Incentive Plan award set at 55% of base.
- Board granted $100,000 in performance-based restricted stock units vesting over 2024-2026.
- Cullum entered a Split Dollar Life Insurance Agreement and became a participant in the Executive Severance Plan.

## SEC filing metadata
- accession: 0000824410-24-000027
- form_type: 8-K
- cik: 0000824410
- company_name: SANDY SPRING BANCORP INC
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/824410/000082441024000027/0000824410-24-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/824410/000082441024000027/sasr-20240522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000824410-24-000027
- JSON: https://secwatch.observer/filing/0000824410-24-000027.json
- Plain text: https://secwatch.observer/filing/0000824410-24-000027.txt

## Key facts
- Executive change
  Charles S. Cullum was appointed as Chief Financial Officer at SANDY SPRING BANCORP INC.
  - Action: appointed
  - Role: Chief Financial Officer
  source text: On May 22, 2024, the Board of Directors of Sandy Spring Bancorp, Inc. (the “Company”) appointed Charles S. Cullum, the Company’s current Deputy Chief Financial Officer and Treasurer, as Chief Financial Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/824410/000082441024000027/0000824410-24-000027-index.htm
- Executive change
  Philip J. Mantua retired as Chief Financial Officer at SANDY SPRING BANCORP INC.
  - Action: retired
  - Role: Chief Financial Officer
  source text: Philip J. Mantua, the Company’s current Chief Financial Officer, who previously announced his retirement, will continue with the Company until the end of the year to support this leadership transition.
  evidence_url: https://www.sec.gov/Archives/edgar/data/824410/000082441024000027/0000824410-24-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.