SEC Comment Letter for SHORE BANCSHARES INC (SHBI) (CIK 0001035092) (SHBI) — Aug 12, 2015
SHORE BANCSHARES INC (SHBI) (CIK 0001035092)
Date: Aug. 12, 2015 · CIK: 0001035092 · Accession: 0000000000-15-041262
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File numbers found in text: 333-206110
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
DIVISION OF
CORPORATION FINANCE
MAIL STOP 4720
August 11, 2015
Via E -mail
Mr. Lloyd L. Beatty, Jr.
President and Chief Executive Officer
Shore Bancshares, Inc.
28969 Information Lane
Easton, M D 21601
Re: Shore Bancshares, Inc.
Registration Statement on Form S-3
Filed August 5 , 2015
File No. 333-206110
Dear Mr. Beatty :
This is to advise you that we have not reviewed and will not review your
registration statement .
We urge all persons who are responsible for the accuracy and adequacy of the
disclosure in the filing to be certain that the filing includes the information the Securities
Act of 193 3 and all applicable Securities Act rules require. Since the company and its
management are in possession of all facts relating to a company’s disclosure, they are
responsible for the accuracy and adequacy of the disclosures they have made.
In the event you request acceleration of t he effective date of the pending
regist ration statement, please provide a written statement from the company
acknowledging that:
should the Commission or the staff, acting pursuant to delegated authority,
declare the filing effective, it does not foreclos e the Commission from taking any
action with respect to the filing;
the action of the Commission or the staff, acting pursuant to delegated authority,
in declaring the filing effective, does not relieve the company from its full
responsibility for the ad equacy and accuracy of the disclosure in the filing; and
the company may not assert staff comments and the declaration of effectiveness
as a defense in any proceeding initiated by the Commission or any person under
the federal securities laws of the Unit ed States.
Mr. Lloyd L. Beatty, Jr.
Shore Bancshares, Inc.
August 11, 2015
Page 2
Please refer to Rules 460 and 461 regarding requests for acceleration . We will
consider a written request for acceleration of the effective date of the registration
statement as confirmation of the fact that those requesting acceleration are a ware of their
respective responsibilities under the Securities Act of 1933 and the Securities Exchange
Act of 1934 as they relate to the proposed public offering of the registered securities .
Please contact Jonathan E. Gottlieb , Staff Attorney, at (202) 551 -3416 with an y
questions.
Sincerely,
/s/ Era Anagnosti
Era Anagnosti
Legal Branch Chief
Office of Financial Services I
cc: Kevin Houlihan , Esquire