{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-127019","form_type":"8-K","ticker":"SHBI","cik":"0001035092","company_name":"SHORE BANCSHARES INC","filed_at":"2022-12-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.333954+00:00","generated_at":"2026-06-21T04:32:59.294918+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Shore Bancshares to acquire The Community Financial Corporation in ~$254M all-stock deal","bullets":["Consideration of ~$44.71 per TCFC share based on $19.20 SHBI closing price; ~15% premium.","Combined company will have ~$6.0B in assets, over 40 branches, and pro forma market cap ~$650M.","Transaction expected to be over 40% accretive to Shore's EPS in 2024; closing expected Q2 2023.","James M. Burke (TCFC CEO) to become President & CEO of combined company; board expands from 15 to 20 with 8 TCFC nominees.","Termination fee of $10.5M payable by either party under certain conditions; Shore shareholders to own ~60%, TCFC ~40%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-127019","json":"https://secwatch.observer/filing/0001104659-22-127019.json","markdown":"https://secwatch.observer/filing/0001104659-22-127019.md","text":"https://secwatch.observer/filing/0001104659-22-127019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1035092/000110465922127019/0001104659-22-127019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1035092/000110465922127019/tm2232656d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T04:32:59.294918+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5132d53a9f86cef3898a2888840adc926b49a246","claim":"SHORE BANCSHARES INC entered into Agreement and Plan of Merger with The Community Financial Corporation (effective 2022-12-14).","evidence_excerpt":"On December 14, 2022, Shore Bancshares, Inc., a Maryland corporation (the “ Company ” or “ SHBI ”), and The Community Financial Corporation, a Maryland corporation (“ TCFC ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1035092/000110465922127019/0001104659-22-127019-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"The Community Financial Corporation"},{"label":"Effective","value":"2022-12-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}