---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-117756"
form_type: "8-K"
ticker: "LCII"
cik: "0000763744"
company_name: "LCI INDUSTRIES"
filed_at: "2026-11-10T12:32:27+00:00"
generated_at: "2026-11-10T12:35:14.560355+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# LCI board rejects Monomoy's revised $104.50/share bid as not superior; reaffirms Patrick merger ahead of Nov 18 vote

## Summary
- Monomoy Capital Partners' revised unsolicited, non-binding proposal of $104.50 per share in cash, received late on Nov 6, 2026, was unanimously deemed not a superior proposal by LCI's board.
- Board says $104.50 is only ~4% above LCI's June 29 close and ~7% over its 10-day VWAP as of Nov 6; LCI traded above $104.50 intraday on Nov 5.
- Updated standalone DCF implies a midpoint above $150 per share (range $142-$165); Monomoy's bid values LCI at ~7.2x NTM EBITDA vs a 7.8x-8.5x three-year average.
- LCI reiterates support for the Patrick Industries (PATK) merger, citing ~$150M of net run-rate cost synergies within three years and a closing on track for the first half of 2027.
- ISS and Glass Lewis recommend voting FOR the Patrick deal at the special meeting on Nov 18, 2026; Monomoy's second proposal was just a 3.5% bump to its initial offer.

## SEC filing metadata
- accession: 0001213900-26-117756
- form_type: 8-K
- ticker: LCII
- cik: 0000763744
- company_name: LCI INDUSTRIES
- filed_at: 2026-11-10T12:32:27+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/763744/000121390026117756/0001213900-26-117756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/763744/000121390026117756/ea0311613-8k425_lciindus.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-117756
- JSON: https://secwatch.observer/filing/0001213900-26-117756.json
- Plain text: https://secwatch.observer/filing/0001213900-26-117756.txt

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