PATRICK INDUSTRIES: Executive Compensation Arrangements Updated
Ticker: PATK · Form: 8-K · Filed: 2024-01-30T00:00:00.000Z
Sentiment: neutral
Topics: executive-compensation, corporate-governance, 8-K, officer-changes
TL;DR
**PATK just updated executive pay, watch for impact on costs and leadership.**
AI Summary
PATRICK INDUSTRIES INC filed an 8-K on January 30, 2024, reporting an event that occurred on January 25, 2024, related to changes in its executive compensation arrangements. This filing indicates potential adjustments to how certain officers are compensated, which could impact the company's financial performance and executive retention. For investors, understanding these changes is crucial as they can influence operational costs and leadership stability, directly affecting the stock's long-term value.
Why It Matters
Changes in executive compensation can signal shifts in company strategy or financial health, directly impacting shareholder value through altered operational expenses and executive incentives.
Risk Assessment
Risk Level: medium — Changes in executive compensation can introduce both positive and negative risks depending on the specifics, which are not detailed in this summary filing.
Analyst Insight
Investors should monitor subsequent filings or press releases from PATRICK INDUSTRIES INC for detailed information regarding the specific changes to compensatory arrangements, as this filing only indicates that such changes occurred.
Key Players & Entities
- PATRICK INDUSTRIES INC (company) — the registrant filing the 8-K
- January 25, 2024 (date) — date of earliest event reported
- January 30, 2024 (date) — date the 8-K was filed
- 000-03922 (other) — Commission File Number
- 35-1057796 (other) — IRS Employer Identification Number
FAQ
What was the specific event reported in this 8-K filing by PATRICK INDUSTRIES INC?
The 8-K filing by PATRICK INDUSTRIES INC reported events related to 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' and 'Financial Statements and Exhibits' as per Item Information.
When did the earliest event reported in this 8-K filing occur?
The earliest event reported in this 8-K filing occurred on January 25, 2024.
What is the business address of PATRICK INDUSTRIES INC as stated in the filing?
The business address of PATRICK INDUSTRIES INC is 107 W. Franklin Street, P.O. Box 638, Elkhart, Indiana 46515.
What is the telephone number for PATRICK INDUSTRIES INC?
The telephone number for PATRICK INDUSTRIES INC is (574) 294-7511.
Under which SEC Act was this 8-K filed?
This 8-K was filed under the 1934 Act.
Filing Stats: 695 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-01-30 17:28:08
Filing Documents
- patk-20240125.htm (8-K) — 25KB
- 0000076605-24-000028.txt ( ) — 150KB
- patk-20240125.xsd (EX-101.SCH) — 2KB
- patk-20240125_lab.xml (EX-101.LAB) — 24KB
- patk-20240125_pre.xml (EX-101.PRE) — 13KB
- patk-20240125_htm.xml (XML) — 3KB
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 104 - Cover Page Interactive Date File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PATRICK INDUSTRIES, INC. (Registrant) Date: January 30, 2024 By: /s/ Andy L. Nemeth Andy L. Nemeth Chief Executive Officer