secwatch.observer — SEC 8-K summary
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Issuer:     PATRICK INDUSTRIES INC (PATK)
CIK:        0000076605
Form:       8-K
Filed at:   2026-06-30T20:37:48+00:00
Accession:  0000076605-26-000059
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Patrick Industries to acquire LCI Industries in stock-for-stock merger; exchange ratio 1.2440
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- Each LCI share to be exchanged for 1.2440 shares of Patrick common stock; Patrick shareholders to own 52%, LCI shareholders 48%.
- Post-closing board to consist of 12 directors: 6 from Patrick, 6 from LCI; Andy Nemeth to remain CEO, Todd Cleveland as Chair, John Sirpilla as Vice Chair.
- Termination fee of $94.2 million payable by either party under specified circumstances.
- Transaction expected to close by March 30, 2027, subject to regulatory and stockholder approvals.
- Patrick common stock to continue trading on Nasdaq under ticker PATK.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76605/000007660526000059/0000076605-26-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76605/000007660526000059/patk-20260630.htm
  HTML page:      https://secwatch.observer/filing/0000076605-26-000059

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer