secwatch.observer — SEC 8-K summary
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Issuer:     PATRIOT NATIONAL BANCORP INC (PNBK)
CIK:        0001098146
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001437749-25-024898
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 3.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patriot National Bancorp appoints Salas CFO, converts $2.8M debt to equity; De Tomasi named director
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- Unity and AmBank converted $2.8M aggregate principal/interest into 3.7M shares at $0.75/share.
- Carlos Salas appointed EVP, CFO, director effective 7/30; salary $250k, bonus target 50%, 1M RSUs (3yr vest).
- Mario De Tomasi appointed director effective 7/30; co-founded Commerce Home Mortgage, board member of The Change Company.
- Regulatory non-objections received from Federal Reserve and OCC for both appointments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1098146/000143774925024898/0001437749-25-024898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1098146/000143774925024898/pnbk20250805_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-024898

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