SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 31, 2005
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Sandy Spring Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Maryland 0-19065 52-1532952
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(State or other jurisdiction (Commission file (IRS Employer
of incorporation) number) Identification Number)
17801 Georgia Avenue, Olney, Maryland 20832
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (301) 774-6400
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
(d) Appointment of Directors. Mr. Mark E. Friis and Ms Pamela A. Little
were elected directors of Sandy Spring Bancorp, Inc. and Sandy Spring Bank at
the regular meetings of the respective boards of directors on August 31, 2005.
Each of the new directors will serve on the Audit Committee.
Mr. Friis, age 50, is President and Chief Executive Officer of Rodgers
Consulting, Inc. Germantown Maryland, a land use evaluation, site planning
design, and civil engineering company, where he has served since 1985.
Ms. Little, age 51, is Vice President and Chief Financial Officer of
ZDK, Inc., Arlington, Virginia, a professional services firm providing services
to the Federal Government and intelligence community. Prior to joining ZDK in
2004, Ms. Little served as Vice President and Chief Financial Officer of DAI, an
international development firm, beginning in 2000.
Any and all transactions between Bancorp or the Bank and either of
these individuals or their immediate families and associates were made in the
ordinary course of business and on substantially the same terms, including
interest rates and collateral, as those prevailing at the time for comparable
transactions with other persons. In the opinion of management, any and all such
loans did not involve more than normal risk of collectibility or present other
unfavorable features.
Item 7.01 Regulation FD Disclosure.
Exhibit 99.1 is provided under Item 7.01.
Item 9.01 Financial Statements and Exhibits.
(a) Financial statements of businesses acquired. Not applicable.
(b) Pro forma financial information. Not applicable.
(c) Exhibits. Exhibit 99.1
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.
SANDY SPRING BANCORP, INC.
By: Hunter R. Hollar
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Hunter R. Hollar
President and
Chief Executive Officer
Dated: September 1, 2005