Patrick Industries Files 8-K on Financials & Executive Changes

Ticker: PATK · Form: 8-K · Filed: 2024-08-01T00:00:00.000Z

Sentiment: neutral

Topics: financial-results, executive-changes, corporate-governance

Related Tickers: PATK

TL;DR

PATK filed an 8-K: financial results, exec changes, and more. Keep an eye on this.

AI Summary

On August 1, 2024, Patrick Industries, Inc. filed an 8-K report detailing significant corporate events. The filing includes information regarding the company's results of operations and financial condition, the departure and election of directors and officers, and compensatory arrangements for certain executives. It also covers Regulation FD disclosures and financial statements and exhibits.

Why It Matters

This filing provides crucial updates on Patrick Industries' financial performance and any changes in its leadership or executive compensation, which can impact investor confidence and future strategic direction.

Risk Assessment

Risk Level: medium — The filing covers financial results and executive changes, which can introduce volatility and uncertainty for investors.

Key Players & Entities

FAQ

What specific financial results are detailed in the 8-K filing?

The filing indicates that 'Results of Operations and Financial Condition' are discussed, but specific figures are not provided in this summary.

Were there any director departures or elections mentioned?

Yes, the filing explicitly lists 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers' as an item of information.

Does the filing address executive compensation?

Yes, 'Compensatory Arrangements of Certain Officers' is listed as a topic covered in the report.

What is the significance of the 'Regulation FD Disclosure' item?

This indicates that the company is making disclosures to ensure fair and widespread dissemination of material information, as required by Regulation FD.

Are financial statements and exhibits included with this filing?

Yes, 'Financial Statements and Exhibits' is listed as an item of information within the 8-K report.

Filing Stats: 657 words · 3 min read · ~2 pages · Grade level 10.9 · Accepted 2024-08-01 08:01:50

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On August 1, 2024, the Company issued a press release announcing operating results for the second quarter ended June 30, 2024. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers Matthew S. Filer was elected as Chief Accounting Officer on May 16, 2024. Mr. Filer joined the company in November 2022 and served as the Company's Senior Vice President - Finance. He served as Interim Executive Vice President - Finance, Chief Financial Officer, and Treasurer from May 2023 to March 2024, at which point he resumed his role as Senior Vice President - Finance. In accordance with the instruction to paragraph (c) of Item 5.02 of Form 8-K, the Company delayed filing this Current Report on Form 8-K until the issuance of the press release referenced in item 2.02 of, and furnished as Exhibit 99.1 to, this Current Report on Form 8-K announcing Mr. Filers' appointment.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure The information referenced in this Form 8-K is furnished pursuant to Item 7.01, "Regulation FD Disclosure." Such information, including the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing. (a) Slides for Earnings Presentation as contained in Exhibit 99.2

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 - Press Release issued August 1, 2024 Exhibit 99.2 - Slides for Earnings Presentation 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: August 1, 2024 By: /s/ Andrew C. Roeder Andrew C. Roeder Executive Vice President - Finance, Chief Financial Officer, and Treasurer

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