--- schema_version: "secwatch.filing_event.v1" accession: "0000076605-24-000113" form_type: "8-K" ticker: "PATK" cik: "0000076605" company_name: "PATRICK INDUSTRIES INC" filed_at: "2024-05-20T23:59:59+00:00" generated_at: "2026-06-01T13:47:35.159313+00:00" event_type: "leadership" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # Patrick Industries declares $0.55 quarterly dividend, appoints CEO Nemeth as Chairman ## Summary - CEO Andy L. Nemeth appointed Chairman of the Board; Todd Cleveland continues as director. - John A. Forbes named lead independent director, succeeding M. Scott Welch who remains on board. - Quarterly cash dividend of $0.55 per share declared, payable June 17, 2024 to holders of record June 3. ## SEC filing metadata - accession: 0000076605-24-000113 - form_type: 8-K - ticker: PATK - cik: 0000076605 - company_name: PATRICK INDUSTRIES INC - filed_at: 2024-05-20T23:59:59+00:00 - event_type: leadership - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 5.02, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/patk-20240516.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000076605-24-000113 - JSON: https://secwatch.observer/filing/0000076605-24-000113.json - Plain text: https://secwatch.observer/filing/0000076605-24-000113.txt ## Source-grounded claims - claim_id: 02c7fc7064 claim: John A. Forbes was appointed as lead independent director at PATRICK INDUSTRIES INC. evidence_excerpt: In addition, the Board appointed John A. Forbes, a director of the Board since August 2011, as the Company’s lead independent director, a position previously held by M. Scott Welch who will continue to serve as a director of the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm - claim_id: 34eb5926fa claim: Todd M. Cleveland changed role as Chairman of the Board at PATRICK INDUSTRIES INC. evidence_excerpt: Todd M. Cleveland had previously served as the Company’s Chairman of the Board since May 2018 and will continue to serve as a director. evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm - claim_id: 84a8c5714a claim: Andy L. Nemeth was appointed as Chairman at PATRICK INDUSTRIES INC. evidence_excerpt: On May 16, 2024, following the Annual Meeting of Shareholders of Patrick Industries, Inc. (the “Company”), the Board of Directors (the “Board”) appointed Andy L. Nemeth, the Company’s Chief Executive Officer and a director of the Board, to the role of Chairman. evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm - claim_id: 9a0efc2c0f claim: M. Scott Welch changed role as lead independent director at PATRICK INDUSTRIES INC. evidence_excerpt: In addition, the Board appointed John A. Forbes, a director of the Board since August 2011, as the Company’s lead independent director, a position previously held by M. Scott Welch who will continue to serve as a director of the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm - claim_id: 90de074f822d7cdd00da0d944ecae71d839bad04 claim: PATRICK INDUSTRIES INC shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024 at the 2024-05-16 meeting. evidence_excerpt: Proposal 2 - Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2024. There were no broker non-votes. For Against Abstain 20,688,537 142,488 87,201 evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm - claim_id: b836f56ac73612f88f81e45a68d11ce6db29f6a4 claim: PATRICK INDUSTRIES INC shareholders approved Election of nine directors to the Board of Directors to serve until the 2025 Annual Meeting at the 2024-05-16 meeting. evidence_excerpt: Proposal 1 - Election of nine directors to the Board of Directors to serve until the 2025 Annual Meeting. Directors For Withheld Broker Non-Votes Joseph M. Cerulli 16,329,855 3,592,334 996,037 Todd M. Cleveland 19,199,910 722,279 996,037 John A. Forbes 18,362,981 1,559,208 996,037 Michael A. Kitson 18,376,171 1,546,018 996,037 Pamela R. Klyn 18,597,538 1,324,651 996,037 Derrick B. Mayes 18,555,346 1,366,843 996,037 Andy L. Nemeth 19,680,635 241,554 996,037 Denis G. Suggs 18,503,036 1,419,153 996,037 M. Scott Welch 18,549,886 1,372,303 996,037 evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm - claim_id: d6c5bcc11546aaeb8918dadade3e4508ea3e2169 claim: PATRICK INDUSTRIES INC shareholders approved To approve, in an advisory and non-binding vote, the compensation of the Company’s named executive officers for fiscal year 2023 at the 2024-05-16 meeting. evidence_excerpt: Proposal 3 - To approve, in an advisory and non-binding vote, the compensation of the Company’s named executive officers for fiscal year 2023. For Against Abstain Broker Non-Votes 18,846,809 1,045,743 29,637 996,037 evidence_url: https://www.sec.gov/Archives/edgar/data/76605/000007660524000113/0000076605-24-000113-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.