secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2024-05-28T23:59:59+00:00
Accession:  0001628280-24-025422
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 4.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Shore Bancshares appoints Crowe LLP as new auditor, dismisses YHB after material weaknesses
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- Audit Committee approved Crowe LLP as independent auditor for FY2024, subject to standard procedures; YHB dismissed.
- YHB's 2023 and 2022 financial statement reports were unqualified except for an adverse opinion on ICFR due to material weaknesses.
- No disagreements with YHB on accounting principles or practices during 2022, 2023, or through May 21, 2024.
- Material weaknesses in ICFR previously reported in 2023 10-K and Q1 2024 10-Q; remediation discussions ongoing.
- YHB provided a letter dated May 28, 2024, agreeing with the disclosure (Exhibit 16.1).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000162828024025422/0001628280-24-025422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000162828024025422/shbi-20240528.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-025422

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