8-K
filed December 20, 2022, 6:59 PM ET
ticker PNBK
CIK 0001098146
other material
confidence medium
sentiment neutral
materiality 0.60
Patriot National outlines growth strategy; may consider merger or sale of bank
PATRIOT NATIONAL BANCORP INC
- Leveraging low-cost funding of Patriot Bank to build scale and profitability.
- Pursuing bolt-on accretive, fee-income producing platforms and digital transition.
- If growth strategies fail, will consider alternate paths including merger or sale of the Bank.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PATRIOT NATIONAL BANCORP INC shareholders approved To elect five (5) directors to serve until the Company's Annual Meeting of Shareholders to be held in 2022 and until their successors are elected. at the 2022-12-14 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2022-12-14
Exact text from the filing
(1) To elect five (5) directors to serve until the Company ’ s Annual Meeting of Shareholders to be held in 2022 and until their successors are elected. NAME OF DIRECTOR VOTES FOR VOTES WITHHELD Michael A. Carrazza 2,059,453 60,024 Robert G. Russell, Jr. 2,058,699 60,778 Edward N. Constantino 1,997,384 122,093 Emile Van den Bol 1,335,569 783,908 Michael J. Weinbaum 2,018,563 100,914
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PATRIOT NATIONAL BANCORP INC shareholders approved To approve and ratify the amendment and restatement of the Company ’ s 2020 Restricted Stock Award Plan, to reduce the total number of shares authorized for issuance thereunder and limit the maximum number of shares of common stock that may be granted to any non-employee director during a single fis at the 2022-12-14 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2022-12-14
Exact text from the filing
(3) To approve and ratify the amendment and restatement of the Company ’ s 2020 Restricted Stock Award Plan, to reduce the total number of shares authorized for issuance thereunder and limit the maximum number of shares of common stock that may be granted to any non-employee director during a single fiscal year. VOTES FOR 2,099,474 VOTES AGAINST 7,577 ABSTAINED/WITHHELD 12,426
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
PATRIOT NATIONAL BANCORP INC shareholders approved To approve and ratify the appointment RSM US LLP to serve as the independent registered public accounting firm for the Company for the 2022 fiscal year. at the 2022-12-14 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2022-12-14
Exact text from the filing
(2) To approve and ratify the appointment RSM US LLP to serve as the independent registered public accounting firm for the Company for the 2022 fiscal year. VOTES FOR 3,032,681 VOTES AGAINST 25,155 ABSTAINED/WITHHELD 12,226
View on SEC.gov
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