other material
confidence high
sentiment neutral
materiality 0.55
Patriot National Bancorp shareholders approve reverse stock split authorization
PATRIOT NATIONAL BANCORP INC
- Approved reverse stock split at ratio of 1-for-10 to 1-for-20, with timing at board's discretion within one year.
- Seven directors elected: Sugarman, Salas, Constantino, Magzanyan, De Tomasi, Roth, Seabold.
- Auditor Baker Tilly US, LLP ratified for FY 2026.
- 76.7% of outstanding shares represented at meeting; 89.5M votes for reverse split, 213K against.