Shore Bancshares, Inc. notified Nasdaq that its wholly owned subsidiary, Shore United Bank, N.A., made $10,555 in payments to a law firm where director Louis P. Jenkins, Jr. is a partner. These payments for legal services between February and April 2026 resulted in a violation of Nasdaq's audit committee independence requirements. To resolve the non-compliance, Mr. Jenkins resigned from the Audit Committee effective July 16, 2026. The committee now consists of four members meeting all independence criteria. Shore Bancshares, Inc. is a financial services company providing banking services through its subsidiary.
