Shore Bancshares discloses Nasdaq audit committee independence violation, resolved by director resignation

Filed July 23, 2026 · Period ending July 17, 2026 · ~1 min read

Key Changes

• medium

  Company notified Nasdaq of temporary audit committee independence violation after subsidiary bank paid $10,555 to law firm where audit committee member Louis P. Jenkins, Jr. is a partner for loan-related legal services from February to April 2026.

  Item 3.01 verify on EDGAR →
• medium

  Jenkins resigned from the audit committee effective July 16, 2026 to cure the violation; the committee now has four members who all meet Nasdaq independence requirements. Jenkins remains a director.

  Item 3.01 verify on EDGAR →