0001654954-17-001390.txt : 20170223 0001654954-17-001390.hdr.sgml : 20170223 20170223135111 ACCESSION NUMBER: 0001654954-17-001390 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20170223 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20170223 DATE AS OF CHANGE: 20170223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OLD LINE BANCSHARES INC CENTRAL INDEX KEY: 0001253317 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 200154352 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-50345 FILM NUMBER: 17631775 BUSINESS ADDRESS: STREET 1: 1525 POINTER RIDGE PLACE CITY: BOWIE STATE: MD ZIP: 20716 BUSINESS PHONE: 3014302544 MAIL ADDRESS: STREET 1: 1525 POINTER RIDGE PLACE CITY: BOWIE STATE: MD ZIP: 20716 8-K 1 dividend_8K.htm DIVIDEND olbk_Current folio_8K dividend 121616
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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): February 23, 2017
 
Old Line Bancshares, Inc.
(Exact name of registrant as specified in its charter)
 
Maryland
   
000-50345
   
20-0154352
(State or other jurisdiction)
of incorporation
 
(Commission File Number)
 
(I.R.S. Employer Identification No.)
 
1525 Pointer Ridge Place
Bowie, Maryland
   
20716
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: 301-430-2500
 
 
N/A
(Former name or former address, if changed since last report.)
 
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 communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CRF 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))
 
 
 
 
 
 
 
 
 
 
Section 7 – Regulation FD
Item 7.01.  Regulation FD Disclosures
On February 23, 2017, the Board of Directors of Old Line Bancshares, Inc. declared a dividend paymnet of $0.08 per common share to stockholders of record on March 10, 2017, with a payment date of March 24, 2017.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statement and Exhibits,
Exhibit 99.1.    Press release dated February 23, 2017
 
 
 
 
2
 
 
 
 
 
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.
 
 
 
 
 
 
OLD LINE BANCSHARES, INC.
 
 
 
 
Date: February 23, 2017
By:
/s/Elise M. Hubbard
 
Elise M. Hubbard,
Senior Vice President and Chief  Financial Officer
 
 
3
 
 
 EX-99.1 2 Ex99.htm EXHIBIT 99.1 PRESS RELEASE Blueprint
 
PRESS RELEASE
FOR IMMEDIATE RELEASE
February 23, 2017
OLD LINE BANCSHARES, INC.
CONTACT: Elise Hubbard
(301) 430-2560
 
 
Old Line Bancshares, Inc. Increases Quarterly Cash Dividend Thirty-three Percent
 
BOWIE, Md.-On February 23, 2017, the Board of Directors of Old Line Bancshares, Inc. (Nasdaq: OLBK) declared a quarterly cash dividend of $0.08 per common share, a $0.02 (33.3%) increase over the previous quarterly cash dividend of $0.06 per share. The company will pay the dividend on March 24, 2017 to stockholders of record as of March 10, 2017. James W. Cornelsen, President and Chief Executive Officer of Old Line Bancshares, stated: “We are pleased that our strong operating results and capital position allows us to reward our stockholders with an increased dividend to go with our increasing stock price. Our 2016 results included strong asset and earnings growth combined with disciplined cost control resulting in improved earnings per share. We also successfully demonstrated the ability to raise cost-effective capital as needed and are positioned to raise additional capital when appropriate.”
 
Old Line Bancshares, Inc. is the parent company of Old Line Bank, a Maryland chartered trust company headquartered in Bowie, Maryland, approximately 10 miles east of Andrews Air Force Base and 20 miles east of Washington, D.C. Old Line Bank has 21 banking locations located in its primary market area of suburban Maryland (Washington, D.C. suburbs, Southern Maryland and Baltimore suburbs) counties of Anne Arundel, Baltimore, Calvert, Carroll, Charles, Montgomery, Prince George's and St. Mary's. It also targets customers throughout the greater Washington, D.C. and Baltimore metropolitan areas.