Shore Bancshares CEO, CFO, COO enter change-in-control severance plan with 2-3x multipliers

SHORE BANCSHARES INC

CEO James M. Burke has a severance multiplier of 3; CFO Cullum and COO Stevens have a multiplier of 2.
Severance equals multiplier times (base salary plus target bonus) payable in a lump sum plus COBRA premiums.
Burke subject to 1-year non-compete and non-solicit; Cullum and Stevens subject to 1-year non-solicit only.
Qualifying Termination includes involuntary termination without cause or resignation for good reason within 24 months post-change-in-control.
Plan consolidates prior severance arrangements and replaces any other change-in-control severance agreements.

item 5.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001035092-25-000026
form_type: 8-K
ticker: SHBI
cik: 0001035092
company_name: SHORE BANCSHARES INC
filed_at: 2025-12-17T23:59:59+00:00
discovered_at: 2026-05-14T18:02:38.604499+00:00
generated_at: 2026-05-16T12:51:27.285017+00:00
sec_items: ["5.02", "9.01"]
event_type: other_material
sentiment: neutral
materiality_score: 0.5
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0001035092-25-000026
json_url: https://secwatch.observer/filing/0001035092-25-000026.json
markdown_url: https://secwatch.observer/filing/0001035092-25-000026.md
text_url: https://secwatch.observer/filing/0001035092-25-000026.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1035092/000103509225000026/0001035092-25-000026-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1035092/000103509225000026/shbi-20251217.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

JSON Markdown Plain text

Source: SEC EDGAR

accession 0001035092-25-000026

view filing index on sec.gov

view primary document

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.