SHORE BANCSHARES Files 8-K: Routine Update on Stock Listing
Ticker: SHBI · Form: 8-K · Filed: Feb 2, 2024 · CIK: 1035092
| Field | Detail |
|---|---|
| Company | Shore Bancshares INC (SHBI) |
| Form Type | 8-K |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.12 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance, stock-listing
TL;DR
**SHBI filed a routine 8-K, confirming its Nasdaq listing; no major news.**
AI Summary
SHORE BANCSHARES, INC. filed an 8-K on February 2, 2024, to report an 'Other Event' and 'Financial Statements and Exhibits.' This filing primarily serves to update their registration information, confirming their common stock, par value $.01 per share, is traded on the Nasdaq Global Select Market under the symbol SHBI. For investors, this filing is a routine update, indicating the company is maintaining its regulatory compliance and its stock continues to be publicly traded on a major exchange, which is important for liquidity and visibility.
Why It Matters
This filing is a standard regulatory update, confirming SHORE BANCSHARES's continued listing on the Nasdaq Global Select Market, which is crucial for the stock's accessibility and trading for investors.
Risk Assessment
Risk Level: low — This 8-K is a standard administrative filing with no new material information that would introduce significant risk.
Analyst Insight
A smart investor would view this as a routine compliance filing, confirming the stock's continued listing and accessibility, but it doesn't provide new information to warrant immediate action.
Key Numbers
- $0.01 — par value per share (This is the stated par value of SHORE BANCSHARES, INC.'s common stock.)
Key Players & Entities
- SHORE BANCSHARES, INC. (company) — registrant
- Nasdaq Global Select Market (company) — exchange where SHBI common stock is registered
- SHBI (company) — trading symbol for SHORE BANCSHARES, INC. common stock
- $0.01 (dollar_amount) — par value per share of common stock
Forward-Looking Statements
- SHORE BANCSHARES, INC. will continue to be listed on the Nasdaq Global Select Market. (SHORE BANCSHARES, INC.) — high confidence, target: 2025-02-02
FAQ
What is the purpose of this 8-K filing by SHORE BANCSHARES, INC.?
The 8-K filing by SHORE BANCSHARES, INC. on February 2, 2024, is categorized under 'Other Events' and 'Financial Statements and Exhibits,' primarily serving as a current report to update their registration information with the SEC.
On which exchange is SHORE BANCSHARES, INC.'s common stock traded?
SHORE BANCSHARES, INC.'s common stock, with a par value of $.01 per share, is registered on the Nasdaq Global Select Market.
What is the trading symbol for SHORE BANCSHARES, INC. common stock?
The trading symbol for SHORE BANCSHARES, INC. common stock is SHBI.
What is the par value of SHORE BANCSHARES, INC.'s common stock?
The common stock of SHORE BANCSHARES, INC. has a par value of $.01 per share.
Is SHORE BANCSHARES, INC. considered an 'emerging growth company' according to this filing?
No, the filing indicates with an 'o' (unchecked box) that SHORE BANCSHARES, INC. is not an 'emerging growth company' as defined by Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Filing Stats: 573 words · 2 min read · ~2 pages · Grade level 10.6 · Accepted 2024-02-02 16:32:03
Key Financial Figures
- $0.12 — f Directors declared a cash dividend of $0.12 per share, payable on February 29, 2024
Filing Documents
- shbi-20240202.htm (8-K) — 26KB
- shbi-20240202xexx991.htm (EX-99.1) — 8KB
- shbi-20240202_g1.jpg (GRAPHIC) — 69KB
- 0001628280-24-003078.txt ( ) — 341KB
- shbi-20240202.xsd (EX-101.SCH) — 2KB
- shbi-20240202_lab.xml (EX-101.LAB) — 24KB
- shbi-20240202_pre.xml (EX-101.PRE) — 12KB
- shbi-20240202_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On February 2, 2024, Shore Bancshares, Inc. (the "Company") announced that its Board of Directors declared a cash dividend of $0.12 per share, payable on February 29, 2024, to holders of record of shares of common stock as of February 12, 2024. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference. The information furnished under Item 8.01 and Item 9.01 of this Current Report on Form 8-K, including the exhibit, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities under that Section, nor shall it be deemed incorporated by reference in any registration statement or other filings of the Company under the Securities Act of 1933, as amended, except as shall be set forth by specific reference in such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. The exhibits that are filed or furnished with this report are listed in the Exhibit Index that immediately follows the signatures hereto, which list is incorporated herein by reference. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SHORE BANCSHARES, INC. Dated: February 2, 2024 By: /s/ James M. Burke James M. Burke President and Chief Executive Officer 3 EXHIBIT INDEX Exhibit Number Description 99.1 Press Release, dated February 2, 2024 (filed herewith) 104 Cover Page Interactive Data File (embedded within the inline XBRL document) 4