Company: PNBK
Filing Date: 2025-07-02
Form Type: 8-K
Source: 0001437749-25-022004
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Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-07-02
Form: 8-K
Item: Item 5.02
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Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On June 26, 2025, as described below under Item 5.07 of this Current Report on Form 8-K, the shareholders of Patriot National Bancorp, Inc. (the “ Company”) approved the 2025 Omnibus Equity Incentive Plan (the “ Plan”) at the 2025 Annual Meeting of Shareholders (the “ Annual Meeting”). A description of the terms of the Plan is included in the Company’s definitive proxy statement, filed with the Securities and Exchange Commission (the “ SEC”) on May 27, 2025 (the “ Proxy Statement”), which description is incorporated herein by reference. The descriptions of the Plan contained herein and in the Proxy Statement do not purport to be complete and are qualified in their entirety by reference to the full text of the Plan, a copy of which is filed hereto asExhibit 10.1and incorporated herein by reference.

On July 2, 2025, the Boad of Directors of the Company appointed Steven Sugarman, the Company’s President, as the Chief Executive Officer of the Company following the Company’s receipt of the non-objection from the Board of Governors of the Federal Reserve System. Description of Mr. Sugarman’s biographical information and information related to his compensation and related party transactions has been previously disclosed in the Company’s Current Report on Form 8-K filed with the SEC on March 21, 2025 and the Proxy Statement, which description is incorporated herein by reference.

Item 5.07Submission of Matters to a Vote of Security Holders.