Shore Bancshares names Charles Cullum EVP and CFO effective April 21, 2025

SHORE BANCSHARES INC

Charles Cullum appointed EVP and CFO effective Apr 21, 2025; succeeds Todd Capitani who retires.
Cullum most recently CFO of Sandy Spring Bancorp since May 2024; over 20 years financial experience.
Base salary $430,000; 2025 STI and LTI target each at 35% of base; initial RSU award valued at $200,000.
Capitani remains through Aug 15, 2025 for transition; previously CFO of Shore since July 2023 and of Community Financial since 2009.
Cullum eligible for change-in-control severance (2x base + 2x target STI) and non-CIC severance within 24 months.

item 5.02 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001628280-25-018145
form_type: 8-K
ticker: SHBI
cik: 0001035092
company_name: SHORE BANCSHARES INC
filed_at: 2025-04-17T23:59:59+00:00
discovered_at: 2026-05-14T18:02:47.230715+00:00
generated_at: 2026-05-23T11:26:34.485715+00:00
sec_items: ["5.02", "9.01"]
event_type: leadership
sentiment: neutral
materiality_score: 0.4
confidence: high
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markdown_url: https://secwatch.observer/filing/0001628280-25-018145.md
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edgar_index_url: https://www.sec.gov/Archives/edgar/data/1035092/000162828025018145/0001628280-25-018145-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1035092/000162828025018145/shbi-20250417.htm
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Departed

Todd L. Capitani

Chief Financial Officer

SHBI · SHORE BANCSHARES INC

Effective: 2025-08-15
Successor: Charles S. Cullum
Filed: Apr 17, 2025 23:59 UTC

Todd L. Capitani, the Company’s current Chief Financial Officer, who previously announced his retirement, will continue with the Company until August 15, 2025 to support this leadership transition.

Appointed

Charles S. Cullum

Executive Vice President and Chief Financial Officer

SHBI · SHORE BANCSHARES INC

Effective: 2025-04-21
Filed: Apr 17, 2025 23:59 UTC

On April 17, 2025 , Shore Bancshares, Inc. (the “Company”) announced that it appointed Charles S. Cullum to Executive Vice President and Chief Financial Officer effective April 21, 2025.

Source-grounded claims

bef1b0c752

Todd L. Capitani retired as Chief Financial Officer at SHORE BANCSHARES INC.

Todd L. Capitani, the Company’s current Chief Financial Officer, who previously announced his retirement, will continue with the Company until August 15, 2025 to support this leadership transition.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

da2ebb047b

Charles S. Cullum was appointed as Executive Vice President and Chief Financial Officer at SHORE BANCSHARES INC.

On April 17, 2025 , Shore Bancshares, Inc. (the “Company”) announced that it appointed Charles S. Cullum to Executive Vice President and Chief Financial Officer effective April 21, 2025.

SEC 8-K Item 5.02 confidence 0.95 SEC evidence

Source: SEC EDGAR

accession 0001628280-25-018145

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