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Material updates from SEC filings (8-K, 10-Q, 10-K) ranked by impact, with no firehose noise.
Entry into a Material Definitive Agreement Indemnification Agreements On April 27, 2026, Patriot National Bancorp, Inc. (the “Company”) entered into indemnification agreements (the “Indemnification Agreements”) with each of Anahit Magzanyan, Jonathan Roth, Mario De Tomasi, Carlos P. Salas, and Jeffrey Seabold (collectively, the “Directors”), in connection with their service as directors of the Company. Pursuant to the Indemnification Agreements, the Company agreed to indemnify each Director f…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Addenda to Employment Agreements with Certain Officers On April 24, 2026, the Company, entered into addenda effective April 26, 2026 (each, an “Addendum”, and collectively, the “Addenda”) to the employment agreements with each of Steven A. Sugarman, Carlos P. Salas, Angie Miranda and William Paul Simmons in their capacities as the Company’s Preside…
Departure of Officer and Director or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of Officer and Director On April 3, 2026, Frederick Staudmyer separated from Patriot Bank, N.A. (the (“Bank”) and Patriot National Bancorp, Inc. (the “Company”) and is no longer serving as Executive Vice President and Chief Administrative Officer of the Bank or Chief Human Resources Officer and Secretary of the Company. Mr. Sta…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 18, 2025, Steven Grunblatt, the Executive Vice President and Chief Information Officer of Patriot National Bancorp, Inc. (the “Company”) passed away. Mr. Grunblatt had served in this role since April 29, 2021. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On November 19, 2025, the Board of Directors (the “Board”) of Patriot National Bancorp, Inc. (the “Company”) appointed Ida Liu, Jonathan Roth and Jeffrey Seabold as directors of the Company, effective as of November 19, 2025. Ida Liu is a globally recognized wealth-management executive and the former Global Head of Citi Private Bank, where, from 20…
Termination of a Material Definitive Agreement. As previously disclosed, on December 21, 2022, Patriot National Bancorp, Inc. (the “Company”) completed the issuance and sale of $12,000,000 in aggregate principal amount of 8.50% Fixed Rate Senior Notes due 2026 (the “Senior Notes”). In connection with the Company’s $57.75 million private placement completed on March 20, 2025, certain amendments to the Senior Notes became effective (the “Amendments”). Pursuant to the Amendments, among other thi…
Entry into a Material Definitive Agreement. Patriot National Bancorp, Inc. (the “Company”) entered into a stock purchase agreement and a separate warrant purchase agreement (collectively, the “Purchase Agreements”), both dated as of August 29, 2025, with certain accredited investors named therein (the “Investors”), pursuant to which the Company agreed to issue and sell, in a registered direct offering by the Company directly to the Investors (the “Offering”), an aggregate of 31,985,103 shares…
Changes in Registrant’s Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm The Audit Committee (the “Committee”) of the Board of Directors of Patriot National Bancorp, Inc. (the “Company”) recently conducted a selection process for the Company’s independent public accounting firm for the year ending December 31, 2025. As a result of this process, on August 22, 2025, the Company engaged Baker Tilly US, LLP (“Baker Tilly”) to serve as the Company’s independent…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Approval of Compensation to Directors On August 20, 2025, the Board of Directors of the Company (the “Board”) and the Board of Directors of Patriot Bank, N.A. (the “Bank Board”), the wholly-owned subsidiary of the Company (the “Bank”), upon recommendation of the Compensation and Nomination Committees of each of the Company and the Bank, approved th…
The securities discussed in this Current Report on Form 8-K were issued and sold in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D promulgated thereunder. Each purchaser of the securities represented that it is an “accredited investor” as defined in Rule 501(a) under the Securities Act.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. As previously disclosed in the Company’s Current Report on Form 8-K dated July 2, 2025, in the Company’s Annual Meeting held on June 26, 2025, Carlos Salas and Mario De Tomasi were elected to serve as directors of the Company, subject to the Company’s receipt of the non-objection from the Board of Governors of the Federal Reserve System. The Federa…
Entry into a Material Definitive Agreement. As previously disclosed in filings of Patriot National Bancorp, Inc. (the “Company”), in connection with the Company’s $57.75 million private placement completed on March 20, 2025, its amendment to the 8.5% Fixed Rate Senior Notes Due 2026 (the “Amended Senior Notes”), as filed as Exhibits 10.4 and 10.5 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, became effective. Pursuant to the Amended Senior Notes, the holder…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 24, 2025, Alfred Botta tendered his resignation as Executive Vice President and Chief Payments Officer at Patriot Bank, N.A. (the "Bank"), a wholly owned subsidiary of Patriot National Bancorp, Inc., effective August 7, 2025. Mr. Botta has served as the Bank’s Executive Vice President and Chief Payments Officer since September 21, 2022. SIG…
Material Modifications to Rights of Security Holders. On July 3, 2025, Patriot National Bancorp, Inc. (the “Company”) filed an amendment and restatement of the Company’s Certificate of Incorporation, as amended and corrected (the “Amended and Restated Charter”), with the Secretary of State of the State of Connecticut, which was effective the same day. Under the Amended and Restated Charter, the Company is authorized to issue 200,000,000 shares of common stock, par value $0.01 per share, of wh…
Entry into a Material Definitive Agreement. Patriot National Bancorp, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”), dated as of June 3, 2025, with certain accredited investors named therein (the “Investors”), pursuant to which the Company agreed to issue and sell, in a registered direct offering by the Company directly to the Investors (the “Offering”) an aggregate of 8,524,160 shares (the “Shares”) of the Company’s common stock, $0.0…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 30, 2025, Steven Sugarman was appointed President, Chief Executive Officer and Director of Patriot Bank, N.A. (the “Bank”), the wholly-owned subsidiary of Patriot National Bancorp, Inc. (the “Company”), effective immediately, and Angie Miranda was appointed Executive Vice President, Chief Risk Officer of the Bank, to be effective as of May…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 28, 2025, Thomas Slater submitted his notice of retirement as Executive Vice President and Chief Credit Officer of Patriot Bank, N.A. (the "Bank"), a wholly owned subsidiary of Patriot National Bancorp, Inc., effective May 15, 2025. Mr. Slater has served as the Bank’s Executive Vice President and Chief Credit Officer since December 15, 202…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 24, 2025, David Finn submitted his resignation as Executive Vice President and Chief Financial Officer of the Company and the Bank, the Company’s wholly-owned subsidiary, effective as of May 15, 2025 or as otherwise determined by Mr. Finn and the Company, to ensure a seamless transition. Mr. Finn will assist with the management transition…
Entry into a Material Definitive Agreement. On March 20, 2025, Patriot National Bancorp, Inc. (the “Company”) completed its $57.75 million private placement of: (i) shares of the Company’s common stock, par value $0.01 per share (“Common Stock”), at a purchase price of $0.75 per share, and (ii) shares of a new series of the Company’s preferred stock, no par value per share, designated as Series A Non-Cumulative Perpetual Convertible Preferred Stock (the “Series A Preferred Stock”), with a liq…
Material Modification to Rights of Security Holders. The Series A Preferred Stock ranks, with respect to the payment of dividends, if any, and distributions upon liquidation, dissolution or winding-up of the Company, senior to the Company’s Common Stock. See the Current Report on Form 8-K filed with the SEC on March 21, 2025 for the description of the terms of the Series A Preferred Stock.
Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in
The investment in the Company’s securities discussed in this Current Report on Form 8-K involves the offer and sale of securities in a Private Placement that will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and will be subject to the resale restrictions under the Securities Act. Such securities may not be offered or sold absent registration or an applicable exemption from registration. This Current Report on Form 8-K does not constitute an offer to s…
On March 20, 2025, David Lowery announced his resignation as Chief Executive Officer of the Company and as President and Chief Executive Officer of the Bank, the Company’s wholly-owned subsidiary, effective as of April 15, 2025 or as otherwise determined by Mr. Lowery and the Company, to ensure a seamless transition. Mr. Lowery will assist with the management transition until such date. Mr. Lowery will also resign from his director position on the Board of the Company and the Bank Board, effe…
Entry into a Material Definitive Agreement. Securities Purchase Agreements On March 20, 2025, Patriot National Bancorp, Inc. (the “Company”) entered into (i) securities purchase agreements (the “Co-Lead Investors Agreements”) with its President and director, Steven Sugarman (the “Lead Party”), and three co-lead investors (the “Co-Lead Investors”), and (ii) securities purchase agreements (the “Purchasers Agreements”, and together with the Co-Lead Investors Agreements, the “Securities Purchase…
Entry into a Material Definitive Agreement. Effective as of February 14, 2025, Patriot National Bancorp, Inc., a Connecticut corporation (the “Company”), amended its 8.5% Senior Notes Due 2026 (the “Notes”) to extend the grace period for the interest payment due January 15, 2025 to April 1, 2025 (the “Amendment”). The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the form of the Amendment, which will be…
Importance-ranked changes since the prior daily snapshot.
Valuation rose by 24.7 points (from 33.2 to 57.9).
Valuation label changed from 'fair' to 'inexpensive'.
General market headlines, full earnings-call transcripts, and macro and sector developments flagged when they directly affect this stock are on the way. Today this tab covers SEC filings.
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