Patriot National Bancorp shareholders authorize reverse stock split of up to 1-for-20

Filed May 26, 2026 · Period ending May 20, 2026 · ~1 min read

Key Changes

• high

  Shareholders approved a reverse stock split at a ratio between 1-for-10 and 1-for-20, with the Board having full discretion on timing and exact ratio within one year. This will reduce outstanding shares and increase per-share price, typically done to meet exchange listing requirements.

  Item 5.07 verify on EDGAR →
• low

  Seven directors were re-elected to serve until the 2027 Annual Meeting, including CEO Steven Sugarman and six other board members, all receiving majority shareholder support.

  Item 5.07 verify on EDGAR →
• low

  Baker Tilly US, LLP was ratified as the independent auditor for 2026, a routine annual approval with no change in accounting firm.

  Item 5.07 verify on EDGAR →