secwatch.observer — SEC 8-K summary
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Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001171843-25-003304
Event type: leadership
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 3.02, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patriot National Bancorp appoints new directors, C-suite officers; $1.9M debt converted to equity
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- Converted $1.9M in Senior Notes into 2.5M common shares; includes Chairman's entity.
- Appointed William Paul Simmons as EVP/Chief Credit Officer; salary $400k, 1M RSU initial award.
- Appointed Angie Miranda as EVP/Chief Risk Officer; salary $350k, 450k RSU initial award.
- Elected three new bank directors: Richard Smith, Jeff Seabold, Thedora Nickel.
- Annual meeting set for June 26, 2025; record date May 16; shareholder proposal deadline May 23.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000117184325003304/0001171843-25-003304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000117184325003304/f8k_051925.htm
  HTML page:      https://secwatch.observer/filing/0001171843-25-003304

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer