---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-013520"
form_type: "8-K"
ticker: "PNBK"
cik: "0001098146"
company_name: "PATRIOT NATIONAL BANCORP INC"
filed_at: "2026-04-28T23:59:59+00:00"
generated_at: "2026-05-15T02:43:18.984994+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Patriot National Bancorp enters indemnification agreements and amends employment agreements with officers

## Summary
- Entered indemnification agreements with directors Anahit Magzanyan, Jonathan Roth, Mario De Tomasi, Carlos P. Salas, and Jeffrey Seabold.
- Amended employment agreements with officers Steven A. Sugarman, Carlos P. Salas, Angie Miranda, and William Paul Simmons to add severance provisions.
- For President Steven A. Sugarman, severance includes 3x of annual base salary plus bonus, accelerated equity vesting, and three years of health benefits.
- For CFO Carlos P. Salas, severance is based on remaining term and at least $600,000; double upon change of control within one year.
- Addenda include limitations on golden parachute excise taxes under Sections 280G and 4999 of the Internal Revenue Code.

## SEC filing metadata
- accession: 0001437749-26-013520
- form_type: 8-K
- ticker: PNBK
- cik: 0001098146
- company_name: PATRIOT NATIONAL BANCORP INC
- filed_at: 2026-04-28T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1098146/000143774926013520/0001437749-26-013520-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1098146/000143774926013520/pnbk20260427_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-013520
- JSON: https://secwatch.observer/filing/0001437749-26-013520.json
- Plain text: https://secwatch.observer/filing/0001437749-26-013520.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.