Business Context and Reporting Period
This Form 8-K Current Report is filed by Patriot National Bancorp, Inc. (NASDAQ: PNBK), a Connecticut-based financial institution. The report covers events occurring on April 2, 2026, and April 3, 2026, specifically regarding changes in corporate governance and management.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
The filing reports the following material changes in leadership:
- Frederick Staudmyer: Separated from the Company and its subsidiary, Patriot Bank, N.A., on April 3, 2026. He held the positions of Executive Vice President and Chief Administrative Officer of the Bank, as well as Chief Human Resources Officer and Secretary of the Company. He will provide consulting services during a transition period.
- Ida Liu: Resigned from the Company's Board of Directors on April 2, 2026, due to new employment.
Guidance, Outlook, and Risks
Management commentary indicates that neither departing individual had any disagreements with the Company, its management, or the Board regarding operations, policies, or practices. The filing does not contain forward-looking guidance, financial outlook, or specific risk factors beyond the standard disclosure of personnel departures.
Key Facts for Investor Verification
- Verify the appointment of interim or permanent successors for the roles of Chief Administrative Officer, Chief Human Resources Officer, and Company Secretary.
- Confirm the composition of the Board of Directors following the resignation of Ida Liu.
- Review the terms of the consulting agreement with Frederick Staudmyer to understand any potential ongoing financial obligations.