Patriot National, Inc. (NYSE:PN) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 3, 2017, James O’Brien resigned from the Board of Directors of the Company, effective immediately. As previously disclosed, on February 27, 2017 Patriot National, Inc. (the “Company”), Guarantee Insurance Group, Inc. (“GIG”), and Steven Mariano, the Chairman, Chief Executive Officer and majority owner of the Company and GIG, entered into an agreement (the “Agreement”). Mr. O’Brien stated that his resignation was due to disagreements regarding non-compliance with the terms of the Agreement.

Prior to his resignation, Mr. O’Brien was a member of the Audit Committee, Nominating & Governance Committee, and Special Committee.

As a result of Mr. O’Brien’s resignation, the Board revised the composition of the committees as follows: Messrs. Csiszar (Chairman), Bidic and Hibler are on the Audit Committee; Messrs. Coleman (Chairman) and Bidic are on the Nominating & Governance Committee; and Messrs. Hibler (Chairman), Csiszar, and Coleman are on the Compensation Committee.

About Patriot National, Inc. (NYSE:PN)

Patriot National, Inc. is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. It also offers specialty services, including technology outsourcing and other information technology (IT) services, as well as employment pre-screening and background checks. The Company’s brokerage and policyholder services include general agency services and specialty underwriting and policyholder services provided to its insurance carrier clients. The Company’s claims administration services relate to the administration and resolution of workers’ compensation claims.

Patriot National, Inc. (NYSE:PN) Recent Trading Information

Patriot National, Inc. (NYSE:PN) closed its last trading session down -0.19 at 2.89 with 42,639 shares trading hands.