Todd Cleveland transitions from Executive Chairman to Chairman at Patrick Industries

PATRICK INDUSTRIES INC

Todd Cleveland appointed Chairman effective Jan 1, 2023; prior Executive Chairman role and 2021 letter agreement terminated.
Chairman receives annual cash retainer of $310,000 plus $90,000 non-executive director cash retainer.
Equity grant of $125,000 (prorated) for non-executive directors on same schedule as others.
Will receive a prorated portion of the $125,000 equity grant issued to non-executive directors on May 12, 2022.

item 5.02 item 9.01

Executive movements

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Role change

Todd Cleveland

Chairman of the Board

PATK · PATRICK INDUSTRIES INC

Effective: 2023-01-01
Filed: January 4, 2023, 6:59 PM ET

Effective as of January 1, 2023, Todd Cleveland was appointed as Chairman of the Board of Patrick Industries, Inc. (the “Company”).

Key facts

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Executive change SEC 8-K Item 5.02 confidence 1.0

Todd Cleveland was appointed as Chairman of the Board at PATRICK INDUSTRIES INC.

Action: appointed
Role: Chairman of the Board

Exact text from the filing

Effective as of January 1, 2023, Todd Cleveland was appointed as Chairman of the Board of Patrick Industries, Inc. (the “Company”).

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PATRICK INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0000076605-23-000005

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