0001225385-20-000113.txt : 20200505
0001225385-20-000113.hdr.sgml : 20200505
20200505130139
ACCESSION NUMBER: 0001225385-20-000113
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200505
FILED AS OF DATE: 20200505
DATE AS OF CHANGE: 20200505
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Snead George P.
CENTRAL INDEX KEY: 0001811080
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-39285
FILM NUMBER: 20847969
MAIL ADDRESS:
STREET 1: C/O DELMAR BANCORP
STREET 2: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: DELMAR BANCORP
CENTRAL INDEX KEY: 0000832090
STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022]
IRS NUMBER: 521559535
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
BUSINESS PHONE: 410-548-1100
MAIL ADDRESS:
STREET 1: 2245 NORTHWOOD DRIVE
CITY: SALISBURY
STATE: MD
ZIP: 21801
3
1
edgar.xml
PRIMARY DOCUMENT
X0206
3
2020-05-05
0
0000832090
DELMAR BANCORP
DBCP
0001811080
Snead George P.
C/O DELMAR BANCORP
2245 NORTHWOOD DRIVE
SALISBURY
MD
21801
1
0
0
0
Common Stock
14601
D
Stock Option (right to buy)
5.83
2022-02-20
Common Stock
1546
D
Stock Option (right to buy)
5.83
2023-02-18
Common Stock
1546
D
Stock Option (right to buy)
5.83
2024-02-24
Common Stock
1546
D
The common stock reported herein is common stock of the Issuer. On November 15, 2019, Virginia Partners Bank ("Partners") was acquired by the Issuer through an exchange of shares in an all-stock transaction (the "Share Exchange"). At the effective time of the Share Exchange, each share of Partners common stock was exchanged for 1.7179 shares of Issuer common stock. The number of shares reflects the Reporting Person's holdings following the Share Exchange.
The option became exercisable in three equal annual installments on February 21, 2013, February 21, 2014, and February 21, 2015.
The option became exercisable in three equal annual installments on February 19, 2014, February 19, 2015, and February 19, 2016.
The option became exercisable in three equal annual installments on February 25, 2015, February 25, 2016, and February 25, 2017.
The options reported herein are options to purchase common stock of the Issuer. At the effective time of the Share Exchange, each outstanding option to purchase shares of common stock of Partners was assumed by the Issuer and converted into an option to purchase shares of the Issuer's common stock, and the exercise price for each option was correspondingly adjusted. The number of shares reflects the Reporting Person's holdings following such conversion, and the exercise price reflects the exercise price following such conversion.
J. Adam Sothen, as attorney-in-fact
2020-05-05
EX-24
2
poa_snead.txt
POA_SNEAD
SECTION 16
POWER OF ATTORNEY
I, George P. Snead, do hereby constitute and appoint J. Adam Sothen,
Betsy J. Eicher, Ingrid Thomas, Shannon V. Patterson and
Elizabeth P. Davis and my true and lawful attorneys-in-fact,
any of whom acting singly is hereby authorized, for me and
in my name and on my behalf as a director, officer and/or
shareholder of Delmar Bancorp, to (i) prepare, execute
in my name and on my behalf, and submit to the U.S.
Securities and Exchange Commission (the "SEC") a Form ID,
including any necessary amendments thereto, and any other
documents necessary or appropriate to obtain or update codes
and passwords enabling me to make electronic filings with
the SEC of reports required by Section 16(a) of the Securities
Exchange Act of 1934 or any rule or regulation of the SEC
in respect thereof; and (ii) prepare, execute and file any
and all forms, instruments or documents, including any necessary
amendments thereto, as such attorneys or attorney deems necessary
or advisable to enable me to comply with Section 16 of the
Securities Exchange Act of 1934 or any rule or regulation of
the SEC in respect thereof (collectively, "Section 16").
I do hereby ratify and confirm all acts my said attorney shall
do or cause to be done by virtue hereof. I acknowledge that
the foregoing attorneys-in-fact, serving in such capacity at my
request, are not assuming, nor is Delmar Bancorp assuming, any
of my responsibilities to comply with Section 16.
This power of attorney shall remain in full force and effect
until it is revoked by the undersigned in a signed writing
delivered to each such attorney-in-fact or the undersigned
is no longer required to comply with Section 16, whichever
occurs first.
WITNESS the execution hereof this 28th day of April, 2020.
/s/ George P. Snead
George P. Snead