secwatch.observer — SEC 8-K summary
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Issuer:     SANDY SPRING BANCORP INC (—)
CIK:        0000824410
Form:       8-K
Filed at:   2025-04-01T23:59:59+00:00
Accession:  0001104659-25-030581
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sandy Spring Bancorp merges into Atlantic Union Bankshares; shareholders receive 0.900 AUB shares per SASR share
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- Merger effective April 1, 2025; each Sandy Spring share converted into 0.900 shares of Atlantic Union common stock.
- Total aggregate consideration approximately 42 million shares of Atlantic Union common stock.
- Sandy Spring directors and officers ceased; Schrider, Stephenson, and Micklem appointed to Atlantic Union board.
- Sandy Spring common stock delisted from Nasdaq; deregistration to follow.
- Outstanding equity awards converted or assumed based on exchange ratio and vesting terms.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/824410/000110465925030581/0001104659-25-030581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/824410/000110465925030581/tm2510685d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-030581

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