Company: PNBK
Filing Date: 2025-05-27
Form Type: DEF 14A
Source: 0001140361-25-020413
Chunk: 48

Company: PATRIOT NATIONAL BANCORP INC
Filing Date: 2025-05-27
Form: DEF 14A
Chunk 48
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ification is not required by the Company’s Bylaws or otherwise, the Board is submitting the appointment of RSM to the shareholders for ratification as a matter of good corporate practice. If the appointment is not ratified, the Audit Committee will re-evaluate its appointment, taking into consideration the shareholders’ vote. However, the Audit Committee is solely responsible for the appointment and termination of the Company’s auditors and may do so at any time in its discretion. Representatives of RSM plan to be present at the Annual Meeting and are expected to be available to respond to appropriate questions. Audit Fees The following table sets forth the aggregate amounts of principal accounting fees we paid to our independent registered public accountants for professional services performed in years ended December 31, 2024 and 2023 for: (i) audit fees - consisting of fees billed for services rendered for the audit of our annual financial statements and the review of our quarterly financial statements; (ii) audit-related fees - consisting of fees billed for services rendered that are reasonably related to the performance of the audit or review of our financial statements and that are not reported as audit fees; and (iii) all other fees - consisting of fees billed for all other services rendered.

|                   |     | Year Ended December 31, 
                    2024 |     |     2023 |
|:------------------|:----|------------------------:|:----|---------:|
| Audit fees(1)     |     |                $728,181 |     | $623,689 |
| All other fees(2) |     |                  22,575 |     |   23,625 |
|                   |     |                $750,756 |     | $647,314 |

| (1) | The aggregate fees included in Audit Fees are fees billed for the fiscal years. |

| (2) | The aggregate fees included in the other categories are fees billed in the fiscal years. |

Audit Committee Pre-Approval Policies and Procedures The Audit Committee has adopted a policy for pre-approval of audit and permitted non-audit services by the Company’s independent registered public accountants. The Audit Committee will consider annually and, if appropriate, approve the provision of audit services by its external auditor and consider and, if appropriate, pre-approve the provision of certain defined audit and non-audit services. The Audit Committee also will consider on a case-by-case basis and, if appropriate, approve specific engagements that are not otherwise pre-approved. Any proposed engagement that does not fit within the definition