---
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"
generated_at: "2026-05-16T12:51:27.285017+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035092/000103509225000026/0001035092-25-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035092/000103509225000026/shbi-20251217.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035092-25-000026
- JSON: https://secwatch.observer/filing/0001035092-25-000026.json
- Plain text: https://secwatch.observer/filing/0001035092-25-000026.txt

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