Patrick Industries Files 8-K Report

Ticker: PATK · Form: 8-K · Filed: 2024-11-21T00:00:00.000Z

Sentiment: neutral

Topics: 8-K, SEC filing, Regulation FD

Related Tickers: PATK

TL;DR

PATK filed a routine 8-K on 11/14, no major news.

AI Summary

On November 14, 2024, Patrick Industries, Inc. filed an 8-K report to disclose information under Regulation FD and to file financial statements and exhibits. The filing does not contain specific financial figures or material events beyond the standard reporting requirements for this date.

Why It Matters

This filing serves as a standard update for investors, indicating that Patrick Industries is adhering to its reporting obligations with the SEC.

Risk Assessment

Risk Level: low — The filing is a routine disclosure and does not contain any information that suggests an immediate change in the company's risk profile.

Key Players & Entities

PATRICK INDUSTRIES, INC. (company) — Registrant
November 14, 2024 (date) — Date of earliest event reported
107 W. Franklin St. Elkhart, Indiana 46516 (address) — Principal Executive Offices

FAQ

What is the primary purpose of this 8-K filing for Patrick Industries, Inc.?

The primary purpose is to provide a current report under Regulation FD and to file financial statements and exhibits as of November 14, 2024.

What is the date of the earliest event reported in this filing?

The date of the earliest event reported is November 14, 2024.

What is the principal executive office address for Patrick Industries, Inc.?

The principal executive office address is 107 W. Franklin St. Elkhart, Indiana 46516.

Under which section of the Securities Exchange Act of 1934 is this report filed?

This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Does this filing indicate any specific new material events or financial results?

No, the filing indicates it is a current report for Regulation FD disclosure and financial statements/exhibits, without detailing specific new material events or financial results within the provided text.

Filing Stats: 661 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-11-20 17:31:19

Key Financial Figures

$200.0 m — the current stock repurchase program to $200.0 million, including the $72.9 million rema
$72.9 million — rogram to $200.0 million, including the $72.9 million remaining under the previous authorizat
$0.60 — . declared a quarterly cash dividend of $0.60 per share of common stock, which will b

Filing Documents

patk-20241114.htm (8-K) — 26KB
ex991-patkq42024dividend.htm (EX-99.1) — 5KB
ex992-patkpressreleasest.htm (EX-99.2) — 5KB
ex991-patkq42024dividend001.jpg (GRAPHIC) — 284KB
ex991-patkq42024dividend002.jpg (GRAPHIC) — 29KB
ex992-patkpressreleasest001.jpg (GRAPHIC) — 201KB
ex992-patkpressreleasest002.jpg (GRAPHIC) — 120KB
0000076605-24-000189.txt ( ) — 1037KB
patk-20241114.xsd (EX-101.SCH) — 2KB
patk-20241114_lab.xml (EX-101.LAB) — 22KB
patk-20241114_pre.xml (EX-101.PRE) — 13KB
patk-20241114_htm.xml (XML) — 3KB

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On November 15, 2024, Patrick Industries, Inc. (the "Company") issued a press release announcing that on November 14, 2024, the Company's Board of Directors (the "Board") authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to $200.0 million, including the $72.9 million remaining under the previous authorization. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. On November 14, 2024, the Board of Directors of Patrick Industries, Inc. declared a quarterly cash dividend of $0.60 per share of common stock, which will be payable on December 9, 2024, to shareholders of record at the close of business on November 25, 2024. A copy of the Company's press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein. On November 18, 2024, the Company's Board authorized a three-for-two stock split of the Company's common stock, to be effected in the form of a stock dividend, payable as one additional share of common stock for every two shares of common stock held. Shareholders will receive cash in lieu of any fractional share of common stock that they otherwise would have been entitled to receive in connection with the split. The stock dividend is effective for shareholders of record as of the close of business on November 29, 2024 and will be payable on December 13, 2024. A copy of the Company's press release is attached hereto as Exhibit 99.2 and is incorporated by reference herein.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit 99.1 - Press Release, dated November 15, 2024 Exhibit 99. 2 - Press Release, dated November 19, 2024 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: November 20, 2024 By: /s/ Andrew C. Roeder Andrew C. Roeder Executive Vice President - Finance, Chief Financial Officer, and Treasurer