AGM/EGMApr 27, 2026, 05:27 PM
PNBK to Hold 2026 AGM; Proposes 1-for-10 to 1-for-20 Reverse Stock Split
AI Summary
Patriot National Bancorp, Inc. will hold its 2026 Annual Meeting of Shareholders on May 20, 2026. Shareholders will vote on the election of seven directors, the authorization for a reverse stock split of common stock at a ratio between 1-for-10 and 1-for-20, and the ratification of Baker Tilly US, LLP as the independent auditor for 2026. The Board will determine the specific ratio and timing of the reverse stock split.
Key Highlights
- 2026 Annual Meeting of Shareholders scheduled for May 20, 2026.
- Proposes reverse stock split of 1-for-10 to 1-for-20 ratio.
- Shareholders to elect seven directors to the Board.
- Ratification of Baker Tilly US, LLP as independent auditor for 2026.
- Record date for voting is April 7, 2026.
- 117,085,713 common shares outstanding as of record date.
- Loans to related persons totaled approximately $16.5 million as of Dec 31, 2025.