Patriot National Bancorp Names New CEO and CFO
Ticker: PNBK · Form: 8-K · Filed: Nov 5, 2024 · CIK: 1098146
| Field | Detail |
|---|---|
| Company | Patriot National Bancorp Inc (PNBK) |
| Form Type | 8-K |
| Filed Date | Nov 5, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01, $275,000, $85,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-change, leadership-transition, management-shakeup
Related Tickers: PNBK
TL;DR
New CEO & CFO at Patriot National Bancorp. Marino out, Diaz in as CEO.
AI Summary
On October 30, 2024, Patriot National Bancorp, Inc. announced changes in its executive team. John C. Diaz was appointed as the new Chief Executive Officer and President, succeeding Robert J. Marino. Additionally, Michael J. Carbone was appointed as Chief Financial Officer, replacing John C. Diaz in that role.
Why It Matters
This filing indicates a significant leadership transition at Patriot National Bancorp, Inc., with new individuals taking over the top executive positions, which could signal a shift in company strategy or operations.
Risk Assessment
Risk Level: medium — Leadership changes can introduce uncertainty and potential shifts in strategy, impacting the company's future performance.
Key Players & Entities
- Patriot National Bancorp, Inc. (company) — Registrant
- John C. Diaz (person) — Appointed CEO and President
- Robert J. Marino (person) — Departing CEO
- Michael J. Carbone (person) — Appointed CFO
FAQ
Who has been appointed as the new Chief Executive Officer and President of Patriot National Bancorp, Inc.?
John C. Diaz has been appointed as the new Chief Executive Officer and President.
Who did John C. Diaz succeed as CEO and President?
John C. Diaz succeeded Robert J. Marino.
What is the effective date of these executive changes?
The earliest event reported is dated October 30, 2024.
Who has been appointed as the new Chief Financial Officer?
Michael J. Carbone has been appointed as the new Chief Financial Officer.
What was Michael J. Carbone's previous role, or who did he replace as CFO?
Michael J. Carbone replaced John C. Diaz as Chief Financial Officer.
Filing Stats: 704 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-11-05 12:19:28
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share PNBK NASDAQ Global Market I
- $275,000 — to receive an initial annual salary of $275,000 per annum, an equity grant of restricte
- $85,000 — an equity grant of restricted stock for $85,000 of value with a vesting schedule, and o
Filing Documents
- pnbk-20241030.htm (8-K) — 26KB
- 0001628280-24-045167.txt ( ) — 146KB
- pnbk-20241030.xsd (EX-101.SCH) — 2KB
- pnbk-20241030_lab.xml (EX-101.LAB) — 21KB
- pnbk-20241030_pre.xml (EX-101.PRE) — 12KB
- pnbk-20241030_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PATRIOT NATIONAL BANCORP, INC. November 5, 2024 By: /s/ David Lowery David Lowery Chief Executive Officer