---
schema_version: "secwatch.filing_event.v1"
accession: "0000076605-23-000005"
form_type: "8-K"
ticker: "PATK"
cik: "0000076605"
company_name: "PATRICK INDUSTRIES INC"
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:36:29.108448+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Todd Cleveland transitions from Executive Chairman to Chairman at Patrick Industries

## Summary
- 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.

## SEC filing metadata
- accession: 0000076605-23-000005
- form_type: 8-K
- ticker: PATK
- cik: 0000076605
- company_name: PATRICK INDUSTRIES INC
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/76605/000007660523000005/0000076605-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/76605/000007660523000005/patk-20230101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000076605-23-000005
- JSON: https://secwatch.observer/filing/0000076605-23-000005.json
- Plain text: https://secwatch.observer/filing/0000076605-23-000005.txt

## Key facts
- Executive change
  Todd Cleveland was appointed as Chairman of the Board at PATRICK INDUSTRIES INC.
  - Action: appointed
  - Role: Chairman of the Board
  source text: Effective as of January 1, 2023, Todd Cleveland was appointed as Chairman of the Board of Patrick Industries, Inc. (the “Company”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660523000005/0000076605-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.