secwatch.observer — SEC 8-K summary
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Issuer:     LCI INDUSTRIES (LCII)
CIK:        0000763744
Form:       8-K
Filed at:   2026-11-10T12:32:27+00:00
Accession:  0001213900-26-117756
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/763744/000121390026117756/0001213900-26-117756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/763744/000121390026117756/ea0311613-8k425_lciindus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-117756

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