Patrick Industries Announces Executive and Director Compensation Changes

Ticker: PATK · Form: 8-K · Filed: 2025-05-23T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, board-changes, governance

Related Tickers: PATK

TL;DR

PATK board/exec comp changes filed. Keep an eye on details.

AI Summary

On May 19, 2025, Patrick Industries, Inc. reported changes in its executive and director compensation arrangements. The filing details the election of new directors and the appointment of certain officers, along with updates to their compensatory arrangements. Specific dollar amounts and names related to these changes are not detailed in this summary section of the filing.

Why It Matters

This filing signals potential shifts in executive compensation and board composition, which can impact investor confidence and future company strategy.

Risk Assessment

Risk Level: low — The filing pertains to routine corporate governance and compensation adjustments, not a significant financial event.

Key Players & Entities

FAQ

What specific changes were made to the compensatory arrangements for certain officers?

The filing indicates that compensatory arrangements for certain officers were updated, but the specific details and dollar amounts are not provided in this summary section.

Who were the newly elected directors?

The filing states that directors were elected, but their names are not listed in the provided summary information.

What is the effective date of these reported changes?

The date of the earliest event reported is May 19, 2025.

What is Patrick Industries, Inc.'s state of incorporation?

Patrick Industries, Inc. is incorporated in Indiana.

What is the primary business of Patrick Industries, Inc. according to the filing?

The filing lists Patrick Industries, Inc. under the Standard Industrial Classification for MOTOR VEHICLE PARTS & ACCESSORIES [3714].

From the Filing

0000076605-25-000147.txt : 20250523 0000076605-25-000147.hdr.sgml : 20250523 20250523161717 ACCESSION NUMBER: 0000076605-25-000147 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250519 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250523 DATE AS OF CHANGE: 20250523 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 EIN: 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: 25982530 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 patk-20250519.htm 8-K patk-20250519 0000076605 false 0000076605 2025-05-19 2025-05-19 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) May 19, 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 St. 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 May 19, 2025 – Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”), a leading component solutions provider for the Outdoor Enthusiast and Housing markets, announced that Jake Petkovich will re

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