Patrick Industries Elects New Directors, Sees Director Departure
Ticker: PATK · Form: 8-K · Filed: 2025-03-03T00:00:00.000Z
Sentiment: neutral
Topics: board-changes, director-election, director-departure
TL;DR
Patrick Industries board shake-up: St John out, Johnson & Miller in.
AI Summary
On February 25, 2025, Patrick Industries, Inc. reported the departure of director Michael J. St John. The company also announced the election of two new directors, Todd M. Johnson and Jeffrey L. Miller, to its board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing concerns routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- Patrick Industries, Inc. (company) — Registrant
- Michael J. St John (person) — Departing Director
- Todd M. Johnson (person) — Newly Elected Director
- Jeffrey L. Miller (person) — Newly Elected Director
- February 25, 2025 (date) — Effective date of changes
FAQ
Who has departed from the board of directors at Patrick Industries, Inc.?
Michael J. St John has departed from the board of directors.
Who are the newly elected directors at Patrick Industries, Inc.?
Todd M. Johnson and Jeffrey L. Miller have been elected as new directors.
When were these board changes effective?
The changes were effective as of February 25, 2025.
What is the principal executive office address for Patrick Industries, Inc.?
The principal executive office is located at 107 W. Franklin Street, Elkhart, Indiana 46516.
What is the SIC code for Patrick Industries, Inc.?
The Standard Industrial Classification (SIC) code is 3714, for Motor Vehicle Parts & Accessories.
From the Filing
0001213900-25-019460.txt : 20250303 0001213900-25-019460.hdr.sgml : 20250303 20250303165338 ACCESSION NUMBER: 0001213900-25-019460 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250225 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250303 DATE AS OF CHANGE: 20250303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PATRICK INDUSTRIES INC CENTRAL INDEX KEY: 0000076605 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 351057796 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-03922 FILM NUMBER: 25698938 BUSINESS ADDRESS: STREET 1: 107 WEST FRANKLIN STREET CITY: ELKHART STATE: IN ZIP: 46516 BUSINESS PHONE: 574-294-7511 MAIL ADDRESS: STREET 1: 107 WEST FRANKLIN STREET PO BOX 638 CITY: ELKHART STATE: IN ZIP: 46515 8-K 1 ea0232890-8k_patrick.htm CURRENT REPORT false 0000076605 0000076605 2025-02-25 2025-02-25 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C.  20549   FORM 8-K CURRENT REPORT   Pursuant To Section 13 OR 15(d) Of The Securities Exchange Act Of 1934   Date of report (Date of earliest event reported) February 25, 2025   PATRICK INDUSTRIES, INC. (Exact name of registrant as specified in its charter)   Indiana   000-03922   35-1057796 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification Number)   107 W. Franklin Street         Elkhart , Indiana   46516   (574) 294-7511 (Address of Principal Executive Offices)   (Zip Code)   Registrant's Telephone Number, including area code   (Former name or former address if changed since last report)   Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol   Name of each exchange on which registered   Common Stock, No par value     PATK   NASDAQ   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).            Emerging growth company ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.   On February 25, 2025, Patrick Industries, Inc. (the “Company”) approved options to purchase common stock of the Company and Stock Appreciation Rights (“SARs”) under the 2009 Omnibus Incentive Plan to the Named Executive Officers of