secwatch.observer — SEC 8-K summary
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Issuer:     SHORE BANCSHARES INC (SHBI)
CIK:        0001035092
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001628280-25-018145
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1035092/000162828025018145/0001628280-25-018145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1035092/000162828025018145/shbi-20250417.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-018145

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