SHORE BANCSHARES INC 8-K

What Happened Shore Bancshares, Inc. (SHBI) filed an 8-K reporting the results of its annual meeting held May 20, 2026. Shareholders elected five directors to three-year terms: Michael B. Adams; James M. Burke; Louis P. Jenkins, Jr.; David S. Jones; and Dawn M. Willey. The non-binding advisory vote to approve named executive officer compensation (say-on-pay) was approved. Shareholders also ratified Crowe LLP as the company’s independent registered public accounting firm for fiscal year 2026. The filing was signed by James M. Burke, President and CEO, on May 20, 2026.

Key Details

• Director election vote totals (each elected to a three-year term):
  • Michael B. Adams: 23,396,968 for; 1,060,701 against; 58,643 abstentions.
  • James M. Burke: 24,176,173 for; 224,544 against; 115,595 abstentions.
  • Louis P. Jenkins, Jr.: 23,241,285 for; 1,217,414 against; 57,613 abstentions.
  • David S. Jones: 22,287,650 for; 2,110,133 against; 118,529 abstentions.
  • Dawn M. Willey: 23,238,686 for; 1,236,951 against; 40,675 abstentions.
  • There were 3,877,710 broker non-votes in the director election.
• Say-on-pay (advisory vote on named executive officer compensation): 23,842,167 for; 593,669 against; 80,475 abstentions. There were 3,877,710 broker non-votes on this proposal.
• Auditor ratification: Crowe LLP was ratified with 28,335,126 for; 10,230 against; 48,666 abstentions. There were no broker non-votes on the auditor ratification.

Why It Matters These results confirm the company’s board slate and show shareholder approval of executive compensation and the auditor for 2026—important governance items investors watch for board stability and oversight. The sizable number of broker non-votes on director and say-on-pay items indicates a portion of shares held by brokers were not voted on those proposals (commonly because brokers lacked voting instructions), which can affect the vote totals for non-routine items.