---
schema_version: "secwatch.filing_event.v1"
accession: "0001035092-26-000041"
form_type: "8-K"
ticker: "SHBI"
cik: "0001035092"
company_name: "SHORE BANCSHARES INC"
filed_at: "2026-07-23T20:11:11+00:00"
generated_at: "2026-07-23T20:12:15.450822+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Shore Bancshares discloses audit committee independence violation; director resigns

## Summary
- 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.

## SEC filing metadata
- accession: 0001035092-26-000041
- form_type: 8-K
- ticker: SHBI
- cik: 0001035092
- company_name: SHORE BANCSHARES INC
- filed_at: 2026-07-23T20:11:11+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 3.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1035092/000103509226000041/0001035092-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1035092/000103509226000041/shbi-20260717.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001035092-26-000041
- JSON: https://secwatch.observer/filing/0001035092-26-000041.json
- Plain text: https://secwatch.observer/filing/0001035092-26-000041.txt

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