Shore Bancshares discloses audit committee independence violation; director resigns

SHORE BANCSHARES INC

Paid $10,555 to law firm of director Louis P. Jenkins, Jr. for legal services from Feb-Apr 2026 while he served on Audit Committee.
Company determined this violated Nasdaq Listing Rule 5605(c)(2) requiring audit committee independence.
Jenkins resigned from Audit Committee effective July 16, 2026; committee now has four independent members.
No delisting action; company believes it now complies with Nasdaq rules.

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