Short answer
PATRICK INDUSTRIES INC (PATK) filed an 8-K current report with the SEC on June 30, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 7.01 (Regulation FD Disclosure). Stock-for-stock merger with LCI at 1.2440 PATK shares per LCI share; pre-merger PATK holders retain approximately 52% ownership.
PATRICK INDUSTRIES INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Stock-for-stock merger with LCI at 1.2440 PATK shares per LCI share; pre-merger PATK holders retain approximately 52% ownership
- LCI holders receive approximately 48% of the combined company, creating substantial share issuance and potential dilution for existing PATK investors
- Balanced governance structure: 12 directors split equally between PATK and LCI designees
- Andy Nemeth remains CEO; Todd Cleveland becomes Chair; John Sirpilla becomes Vice Chair
- Closing requires both companies’ stockholder approvals, regulatory clearance, Form S-4 effectiveness, and Nasdaq listing approval by March 30, 2027; termination fees $94,200,000 per party
Item 7.01 · Regulation FD Disclosure
- Section 7.01 disclosure contains only incorporation-by-reference and liability disclaimers
- No substantive operating, financial, or strategic information for investors
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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