8-K 1 0001.txt FORM 8-K 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): March 29, 2001 -------------- Sandy Spring Bancorp, Inc. -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Maryland 0-19065 52-1532952 -------------------------------------------------------------------------------- (State or other jurisdiction Commission file (IRS Employer of incorporation) number) Identification Number) 17801 Georgia Avenue, Olney, Maryland 20832 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (301) 774-6400 -------------- Item 5. Other Events. -------------------- On March 28, 2001, the Board of Directors of Sandy Spring Bancorp, Inc. ("Bancorp") authorized the repurchase of up to an additional 5% of the 9,552,672 outstanding shares of Bancorp common stock, par value $1.00 per share, in connection with shares expected to be issued pursuant to Bancorp's dividend reinvestment, stock option, and employee benefit plans and for other corporate purposes. The share repurchases would be made on the open market and in privately negotiated transactions, from time to time until March 31, 2003, or earlier termination of the program by the Board. Bancorp's previous repurchase program expired on March 31, 2001. For additional information, see the Press Release included as Exhibit 99. Item 7. Financial Statements and Exhibits. ----------------------------------------- (a) Exhibit 99 - Press Release dated March 29, 2001. 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: /s/ James H. Langmead ---------------------- James H. Langmead, Chief Financial Officer, Vice President and Treasurer Dated : March 29, 2001