Patriot National Bancorp Announces Executive and Director Changes
Ticker: PNBK · Form: 8-K · Filed: Dec 31, 2024 · CIK: 1098146
| Field | Detail |
|---|---|
| Company | Patriot National Bancorp Inc (PNBK) |
| Form Type | 8-K |
| Filed Date | Dec 31, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.01, $2 billion, $120,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, board-changes, compensation
Related Tickers: PNBK
TL;DR
PNBK board shakeup and comp changes announced 12/30.
AI Summary
Patriot National Bancorp, Inc. announced on December 30, 2024, changes related to its board of directors and executive compensation. The filing details the departure of certain officers and directors, the election of new directors, and adjustments to compensatory arrangements for key executives. This 8-K filing covers events occurring as of December 30, 2024.
Why It Matters
Changes in a company's board of directors and executive compensation can signal shifts in strategy, governance, or financial outlook, impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Changes in executive and director positions can indicate underlying issues or strategic shifts that may affect the company's future performance and stability.
Key Players & Entities
- PATRIOT NATIONAL BANCORP, INC. (company) — Registrant
- December 30, 2024 (date) — Date of earliest event reported
- 000-29599 (company) — Commission File Number
- 06-1559137 (company) — I.R.S. Employer Identification No.
- 900 Bedford Street Stamford, Connecticut 06901 (company) — Address of Principal Executive Offices
- 203-252-5900 (company) — Registrant's telephone number
FAQ
What specific roles have been affected by the departures of officers and directors?
The filing indicates the departure of certain officers and directors, but does not specify the exact roles affected in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on December 30, 2024.
What is the Commission File Number for Patriot National Bancorp, Inc.?
The Commission File Number is 000-29599.
What is the principal executive office address for Patriot National Bancorp, Inc.?
The principal executive office is located at 900 Bedford Street Stamford, Connecticut 06901.
What are the main items covered by this 8-K filing?
This 8-K filing covers the departure of directors or certain officers, election of directors, appointment of certain officers, and compensatory arrangements of certain officers, as well as financial statements and exhibits.
Filing Stats: 1,008 words · 4 min read · ~3 pages · Grade level 10.9 · Accepted 2024-12-31 17:28:18
Key Financial Figures
- $0.01 — h registered Common Stock , par value $0.01 per share PNBK NASDAQ Global Market
- $2 billion — Founding Partner of GPS Partners LLC, a $2 billion investment advisory firm. From 2017 to
- $120,000 — h provides for an annual base salary of $120,000 until the successful completion of a ca
Filing Documents
- pnbk20241231_8k.htm (8-K) — 31KB
- ex_761574.htm (EX-10.1) — 95KB
- ex_761575.htm (EX-10.2) — 17KB
- pic1.jpg (GRAPHIC) — 5KB
- pic2.jpg (GRAPHIC) — 11KB
- pic3.jpg (GRAPHIC) — 4KB
- 0001437749-24-038629.txt ( ) — 326KB
- pnbk-20241230.xsd (EX-101.SCH) — 3KB
- pnbk-20241230_def.xml (EX-101.DEF) — 11KB
- pnbk-20241230_lab.xml (EX-101.LAB) — 15KB
- pnbk-20241230_pre.xml (EX-101.PRE) — 11KB
- pnbk20241231_8k_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 10.1 Form of Indemnification Agreement 10.2 Offer Letter between Patriot National Bancorp, Inc. and Steven Sugarman, dated December 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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. December 31, 2024 By: /s/ David Lowery David Lowery Chief Executive Officer