Summary of SHORE BANCSHARES INC

Results of Operations and Financial Condition, Submission of Matters to a Vo

Item 2.02. Results of Operation and Financial Condition.

On April 24, 2012, Shore Bancshares, Inc. (the "Company") issued a press release describing its financial results for the quarter ended March 31, 2012. A copy of the press release is furnished herewith as Exhibit 99.1.

The information contained in this Item 2.02 and in Exhibit 99.1 shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 5.07 Submission of Matters to a Vote of Security Holders.

At the Annual Meeting of Stockholders of the Company held on April 25, 2012, the stockholders voted on: (i) the election of five director nominees (Proposal 1),
(ii) the ratification of the appointment of the Company's independent registered public accounting firm for fiscal year 2012 (Proposal 2); and (iii) the adoption of non-binding advisory resolution approving the compensation of the Company's named executive officers (Proposal 3). These matters were submitted to a vote through the solicitation of proxies. The results of the votes are set forth below:

Proposal 1 - To elect five individuals to serve as Class III Directors until the 2015 Annual Meeting of Stockholders.

                                  For         Withheld       Abstain       Broker Non-Votes
  David J. Bates                4,219,214        97,496             -              1,966,834
  Lloyd L. Beatty, Jr.          4,142,868       173,842             -              1,966,834
  James A. Judge                4,167,538       149,172             -              1,966,834
  William E. Sylvester, Jr.     4,204,363       112,347             -              1,966,834
  W. Moorhead Vermilye          4,111,367       205,343             -              1,966,834

Proposal 2 - To ratify the appointment of Stegman & Company as the Company's independent registered public accounting firm for fiscal year 2012.

For Against Abstain Broker Non-Votes 6,235,302 33,700 14,542 -

Proposal 3 - To adopt a non-binding advisory resolution approving the compensation of the Company's named executive officers.

For Against Abstain Broker Non-Votes 3,919,530 296,036 101,144 1,966,834