PATRIOT NATIONAL BANCORP INC — fact timeline

PATRIOT NATIONAL BANCORP INC shareholders approved Ratification of the Appointment of Independent Registered Accounting Firm at the 2026-05-20 meeting.

“Proposal 3 – Ratification of the Appointment of Independent Registered Accounting Firm. The appointment of Baker Tilly US, LLP to serve as the independent registered public accounting firm for the Company for the year ending December 31, 2026 was ratified based on the following votes: For Against Abstentions/Withheld Broker Non-Votes 89,746,398 15,549 13,230 —”

PATRIOT NATIONAL BANCORP INC shareholders approved Authorization of the Board to Amend the Company's Amended and Restated Certificate of Incorporation to Effect a Reverse Stock Split at the 2026-05-20 meeting.

“Proposal 2 – Authorization of the Board to Amend the Company ’ s Amended and Restated Certificate of Incorporation to Effect a Reverse Stock Split. ‐‐ The shareholders approved the authorization of the Board to amend the Company’s Amended and Restated Certificate of Incorporation to effect a reverse stock split of all issued and outstanding shares of the Company’s common stock at a ratio within the range of 1-for-10 to 1-for-20, with the specific ratio and timing to be determined by the Board in its sole discretion within one (1) year of the date of shareholder approval, based on the following votes: For Against Abstentions/Withheld Broker Non-Votes 89,535,129 213,141 26,907 —”

PATRIOT NATIONAL BANCORP INC shareholders approved Election of Directors at the 2026-05-20 meeting.

“Proposal 1 – Election of Directors. The following seven directors were each elected at the Meeting to serve as a director, until the next Annual Meeting of Shareholders and until his or her successor is duly elected and qualified, based upon the following votes: Nominee For Withheld Broker Non-Votes Steven A. Sugarman 62,999,665 140,897 26,634,615 Carlos P. Salas 54,030,335 9,110,227 26,634,615 Edward N. Constantino 56,470,136 6,670,426 26,634,615 Anahit Magzanyan 62,859,130 281,432 26,634,615 Mario De Tomasi 62,608,534 532,028 26,634,615 Jonathan Roth 62,923,733 216,829 26,634,615 Jeffrey Seabold 54,166,726 8,973,836 26,634,615”

PATRIOT NATIONAL BANCORP INC engaged Baker Tilly US, LLP as its auditor.

“on August 22, 2025, the Company engaged Baker Tilly US, LLP (“Baker Tilly”) to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.”

PATRIOT NATIONAL BANCORP INC dismissed RSM US LLP as its auditor.

“(a) Dismissal of Independent Registered Public Accounting Firm The Audit Committee (the “Committee”) of the Board of Directors of Patriot National Bancorp, Inc. (the “Company”) recently conducted a selection process for the Company’s independent public accounting firm for the year ending December 31, 2025. As a result of this process, on August 22, 2025, the Company engaged Baker Tilly US, LLP (“Baker Tilly”) to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The engagement of Baker Tilly was approved by the Committee. As a result, the Company ended RSM US LLP’s (“RSM”) engagement as the Company’s independent registered public accounting firm on August 22, 2025.”

PATRIOT NATIONAL BANCORP INC: Board approved Amended and Restated Bylaws to permit shareholder action by written consent in lieu of a meeting, with conforming updates (effective 2025-05-15).

“On May 15, 2025, the Board of Directors of the Company approved an amendment and restatement of the Company’s bylaws (the “Amended and Restated Bylaws”), effective as of the same date. Among other things, the amendments contained in the Amended and Restated Bylaws provide that any action required or permitted by any provision of Connecticut law to be taken at a shareholders’ meeting may be taken without a meeting and without prior notice, if consents in writing setting forth the action so taken are signed by the holders of outstanding shares having not less than the minimum number of votes that would be required to authorize such action at a shareholders meeting.”

Angie Miranda was appointed as Executive Vice President and Chief Risk Officer at PATRIOT NATIONAL BANCORP INC.

“The Company has previously reported that Angie Miranda was appointed as the Executive Vice President and Chief Risk Officer of the Bank, to be effective as of May 6, 2025, and that the compensation to Ms. Miranda was being negotiated.”

William Paul Simmons was appointed as Executive Vice President and Chief Credit Officer at PATRIOT NATIONAL BANCORP INC.

“On May 13, 2025, William Paul Simmons was appointed as the Executive Vice President and Chief Credit Officer of Patriot Bank, N.A., the Company’s wholly-owned subsidiary (the “Bank”).”

Angie Miranda was appointed as Executive Vice President, Chief Risk Officer at PATRIOT NATIONAL BANCORP INC.

“Angie Miranda was appointed Executive Vice President, Chief Risk Officer of the Bank, to be effective as of May 6, 2025.”

Steven Sugarman was appointed as President, Chief Executive Officer and Director at PATRIOT NATIONAL BANCORP INC.

“On April 30, 2025, Steven Sugarman was appointed President, Chief Executive Officer and Director of Patriot Bank, N.A.”

Thomas Slater departed as Executive Vice President and Chief Credit Officer at PATRIOT NATIONAL BANCORP INC.

“On March 28, 2025, Thomas Slater submitted his notice of retirement as Executive Vice President and Chief Credit Officer of Patriot Bank, N.A. (the "Bank"), a wholly owned subsidiary of Patriot National Bancorp, Inc., effective May 15, 2025.”

David Finn resigned as Executive Vice President and Chief Financial Officer at PATRIOT NATIONAL BANCORP INC.

“On March 24, 2025, David Finn submitted his resignation as Executive Vice President and Chief Financial Officer of the Company and the Bank, the Company’s wholly-owned subsidiary, effective as of May 15, 2025 or as otherwise determined by Mr. Finn and the Company, to ensure a seamless transition.”

David Lowery resigned as Chief Executive Officer at PATRIOT NATIONAL BANCORP INC.

“On March 20, 2025, David Lowery announced his resignation as Chief Executive Officer of the Company and as President and Chief Executive Officer of the Bank, the Company’s wholly-owned subsidiary, effective as of April 15, 2025 or as otherwise determined by Mr. Lowery and the Company, to ensure a seamless transition.”

PATRIOT NATIONAL BANCORP INC: Filed Certificate of Amendment to designate a new series of preferred stock as Series A Non-Cumulative Perpetual Convertible Preferred Stock (effective 2025-03-13).

“On March 13, 2025, Patriot National Bancorp, Inc. (the “Company”) filed a Certificate of Amendment of the Certificate of Incorporation of the Company (the “Certificate of Amendment”) with the Secretary of State of the State of Connecticut.”

PATRIOT NATIONAL BANCORP INC amended senior notes at 8.5% maturing Due 2026.

“Effective as of February 14, 2025, Patriot National Bancorp, Inc., a Connecticut corporation (the “Company”), amended its 8.5% Senior Notes Due 2026 (the “Notes”) to extend the grace period for the interest payment due January 15, 2025 to April 1, 2025 (the “Amendment”).”

David Finn was appointed as Chief Financial Officer at PATRIOT NATIONAL BANCORP INC.

“Effective on January 14, 2025, David Finn was appointed as Chief Financial Officer of Patriot and the Bank.”

Joseph Perillo retired as Chief Financial Officer and Executive Vice President at PATRIOT NATIONAL BANCORP INC.

“As result of the appointment of Mr. David Finn, the Company hereby confirms the retirement of Joseph Perillo as the Chief Financial Officer and Executive Vice President of the Company and the Bank, effective on October 30, 2024.”

David Finn was appointed as Interim Chief Financial Officer and Executive Vice President at PATRIOT NATIONAL BANCORP INC.

“On October 30, 2024, Patriot National Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Patriot Bank, N.A. (the “Bank”) appointed Mr. David Finn as their Interim Chief Financial Officer and Executive Vice President, effective on October 30, 2024.”

Joshua Oliver was appointed as acting Chief Risk and Compliance Officer at PATRIOT NATIONAL BANCORP INC.

“Upon Ms. Corprew’s resignation, Senior Vice President and Head of Digital Payments Compliance, Joshua Oliver, will be acting Chief Risk and Compliance Officer until a permanent replacement is appointed.”

Judith Corprew resigned as Chief Risk and Compliance Officer at PATRIOT NATIONAL BANCORP INC.

“Additionally, on April 5, 2024, Judith Corprew, Chief Risk and Compliance Officer and Executive Vice President of the Bank, provided her notice of resignation to the Company.”

Joseph Perillo retired as Chief Financial Officer at PATRIOT NATIONAL BANCORP INC.

“On April 2, 2024, Patriot National Bancorp, Inc. (the “Company”) received a notice of retirement from Joseph Perillo, Chief Financial Officer and Executive Vice President of the Company and its subsidiary Patriot Bank, N.A. (the “Bank”), announcing his retirement and intention to continue on his current position to assist the Company during the transition period to appoint a new Chief Financial Officer, with a targeted end day of July 31, 2024.”

PATRIOT NATIONAL BANCORP INC shareholders approved Approve and ratify the appointment of RSM US LLP as independent registered public accounting firm for 2023 at the 2023-12-20 meeting.

“(2) To approve and ratify the appointment of RSM US LLP to serve as the independent registered public accounting firm for the Company for the 2023 fiscal year. VOTES FOR 2,343,237 VOTES AGAINST 20,953 ABSTAINED/WITHHELD 192,127”

PATRIOT NATIONAL BANCORP INC shareholders approved Election of six directors to serve until the 2024 Annual Meeting at the 2023-12-20 meeting.

“(1) To elect six (6) directors to serve until the Company ’ s Annual Meeting of Shareholders to be held in 2024 and until their successors are elected. NAME OF DIRECTOR VOTES FOR VOTES WITHHELD Michael A. Carrazza 1,189,206 790,857 David Lowery 1,577,982 402,081 Edward N. Constantino 1,156,323 823,740 Emile Van den Bol 1,154,980 825,083 Michael J. Weinbaum 1,159,523 820,540 Grace Doherty 1,577,564 402,499”

PATRIOT NATIONAL BANCORP INC reported that prior financial statements should not be relied upon.

“As a result of the self-identified error, the Audit Committee determined that the unaudited financial statements included in the 2023 Q1 10-Q and 2023 Q2 10-Q should no longer be relied upon. Similarly, any previously furnished or filed reports, related earnings releases, investor presentations or similar communications of the Company describing those financial statements and other information covering the Affected Periods should no longer be relied upon. The Company plans to restate, as soon as practicable, the financial statements for the Affected Periods in amendments to the 2023 Q1 10-Q and the 2023 Q2 10-Q, respectively. The error in the Company’s calculations of the CECL transition adjustment was due to the use of unsupported and incorrect data points used in conjunction with data provided by the third-party originator/servicer. The Company identified the following problems with it”

PATRIOT NATIONAL BANCORP INC reported the six months ended June 30, 2023 results: net income net loss was $599 thousand, or $(0.15) basic and diluted loss per share, EPS $(0.15) basic and diluted loss per share.

“For the six months ended June 30, 2023, net loss was $599 thousand, or $(0.15) basic and diluted loss per share”

PATRIOT NATIONAL BANCORP INC reported the quarter ended June 30, 2023 results: net income net loss of $546 thousand, or $(0.14) basic and diluted loss per share, EPS $(0.14) basic and diluted loss per share.

“On August 11, 2023, Patriot National Bancorp, Inc. (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1, regarding its earnings for the quarter ended June 30, 2023.”

Grace Doherty was appointed as Director at PATRIOT NATIONAL BANCORP INC.

“On July 21, 2023, Patriot National Bancorp, Inc. (the “Company”) and its wholly owned subsidiary, Patriot Bank, N.A. (the “Bank”) appointed Ms. Grace Doherty as a member to their respective board of directors, effective immediately.”

David Lowery was appointed as President, Chief Executive Officer and Director at PATRIOT NATIONAL BANCORP INC.

“David Lowery, Executive Vice President and Chief Lending Officer of Patriot Bank, was promoted by the Board of Directors to serve as President, Chief Executive Officer and Director of the Company and Patriot Bank on March 26, 2023, to be effective as of April 21, 2023.”

Robert G. Russell, Jr. resigned as President, Chief Executive Officer and Director at PATRIOT NATIONAL BANCORP INC.

“On March 23, 2023, Robert G. Russell, Jr. tendered his resignation as President, Chief Executive Officer and Director of Patriot National Bancorp, Inc. (the “Company”) and Patriot Bank, N.A., a wholly-owned subsidiary of the Company (“Patriot Bank”), to be effective as of April 21, 2023.”

PATRIOT NATIONAL BANCORP INC reported the quarter and the year ended December 31, 2022 results: net income net income of $1.8 million, or $0.45 basic and diluted earnings per share for the quarter ended December 31, 2022.

“Patriot National Bancorp, Inc. (the “Company”) issued a press release, a copy of which is attached hereto as Exhibit 99.1, regarding its earnings for the quarter and the year ended December 31, 2022.”

PATRIOT NATIONAL BANCORP INC incurred senior notes of $12,000,000 at 8.50% maturing January 15, 2026.

“On December 21, 2022, Patriot National Bancorp, Inc. (the “Company”) completed the issuance and sale (the “Offering”) of $12,000,000 in aggregate principal amount of 8.50% Fixed Rate Senior Notes due 2026 (the “Notes”)”

PATRIOT NATIONAL BANCORP INC entered into Note Purchase Agreement with the Purchasers valued at $12,000,000 (effective 2022-12-21).

“On December 21, 2022, Patriot National Bancorp, Inc. (the “Company”) completed the issuance and sale (the “Offering”) of $12,000,000 in aggregate principal amount of 8.50% Fixed Rate Senior Notes due 2026 (the “Notes”) pursuant to Senior Note Purchase Agreements, dated December 21, 2022 (collectively, the “Note Purchase Agreement”), by and among the Company and the purchasers named therein (the “Purchasers”).”

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.

“(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”

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.

“(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”

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.

“(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”

Thomas E. Slater was appointed as Executive Vice President and Chief Credit Officer at PATRIOT NATIONAL BANCORP INC.

“On November 4, 2022, Thomas E. Slater accepted the appointment to serve as Executive Vice President and Chief Credit Officer of Patriot Bank, N.A.”

Al Botta, Jr. changed role as Executive Vice President and Chief Payments Officer at PATRIOT NATIONAL BANCORP INC.

“On September 21, 2022, Patriot Bank, N.A. (the “Bank”), a wholly-owned subsidiary of Patriot National Bancorp, Inc. (the “Company”), promoted Al Botta, Jr. to Executive Vice President and Chief Payments Officer.”

Karen Rojeski retired as Executive Vice President and Chief Credit Officer at PATRIOT NATIONAL BANCORP INC.

“On August 19, 2022, Karen Rojeski tendered a notice of her retirement as Executive Vice President and Chief Credit Officer of Patriot Bank, N.A. (“Patriot Bank”), a wholly owned subsidiary of Patriot National Bancorp, Inc. (the “Company”), effective September 2, 2022.”

David Lowery changed role as Executive Vice President and Chief Lending Officer at PATRIOT NATIONAL BANCORP INC.

“On September 22, 2021, Patriot Bank, N.A. (the “Bank”), a wholly-owned subsidiary of Patriot National Bancorp, Inc. (the “Company”), promoted David Lowery to Executive Vice President and Chief Lending Officer.”

Raymond B. Smyth departed as Director at PATRIOT NATIONAL BANCORP INC.

“On September 22, 2021, Raymond B. Smyth, a Director of Patriot National Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Patriot Bank, N.A. (the “Bank”), passed away.”