Patrick Industries, Inc. Announces Chief Financial Officer Transition

Rhea-AI Summary

Patrick Industries (NASDAQ: PATK) announced on January 5, 2026 that Matthew Filer, 53, has been appointed Executive Vice President – Finance, Chief Financial Officer and Treasurer, succeeding Andrew Roeder. Roeder informed the company on December 29, 2025 that he will step down and will remain with Patrick through the filing date of its Form 10-K for the fiscal year ended December 31, 2025.

Mr. Filer joined Patrick in November 2022, previously served as Interim CFO from May 2023 to March 2024, and was elected Chief Accounting Officer in May 2024. The company highlighted succession alignment, internal continuity, and Mr. Filer’s familiarity with Patrick’s finance function and end markets.

Positive

• Internal succession plan produced immediate CFO appointment
• Matthew Filer has long tenure at Patrick since Nov 2022
• Filer previously served as Interim CFO for May 2023–Mar 2024
• Outgoing CFO will remain through Form 10-K filing for FY2025

Negative

• Chief financial officer transition may cause short-term execution risk
• Change in CFO leadership announced effective after Dec 29, 2025 notice

News Market Reaction

+1.60%

1 alert

+1.60% News Effect

On the day this news was published, PATK gained 1.60%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New CFO age: 53 CFO step-down notice date: December 29, 2025 Form 10-K period end: December 31, 2025 +5 more

8 metrics

New CFO age 53 Age of incoming Executive Vice President – Finance, CFO and Treasurer

CFO step-down notice date December 29, 2025 Date outgoing CFO informed company of intention to step down

Form 10-K period end December 31, 2025 Fiscal year-end through which outgoing CFO remains with company

Joined company November 2022 Matthew Filer joined as Senior Vice President of Finance

Interim CFO period May 2023–March 2024 Served as Interim EVP – Finance, CFO and Treasurer

Chief Accounting Officer May 2024 Matthew Filer elected Chief Accounting Officer

Year founded 1959 Patrick has operated as a component solutions provider since 1959

Employees Approximately 10,000 Skilled team members throughout the United States

Market Reality Check

Price: $128.15 Vol: Volume 209,375 vs 20-day ...

normal vol

$128.15 Last Close

Volume Volume 209,375 vs 20-day average 277,086 (relative volume 0.76), indicating lighter trading pre-announcement normal

Technical Shares at $110.43, trading above 200-day MA of $97.98 and about 5.44% below the 52-week high of $116.78

Peers on Argus

PATK was up 1.84% with mixed peers: WHR +2.76%, HNI +1.72%, MBC +2.08%, SCS +0.6...

PATK was up 1.84% with mixed peers: WHR +2.76%, HNI +1.72%, MBC +2.08%, SCS +0.62%, while MHK was roughly flat at -0.02%, suggesting company-specific focus around the CFO transition.

Historical Context

5 past events · Latest: Dec 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 18	Marine acquisitions	Positive	-0.6%	Completed QES and Egis acquisitions expanding marine electrical and integration capabilities.
Dec 01	Investor conference	Neutral	+1.8%	Participation in Raymond James 2025 TMT and Consumer Conference with meetings and fireside chat.
Nov 20	Dividend increase	Positive	+0.8%	Board approved higher regular quarterly cash dividend to $0.47 per share.
Nov 04	Investor conferences	Neutral	+1.5%	Announced November meetings with investors at Baird and Truist conferences.
Nov 04	Product launch	Positive	+2.0%	Rockford Fosgate unveiled new PUNCH Speaker Line targeting multiple vehicle fitments.

Pattern Detected

Recent news skewed toward strategic growth, product launches, and capital returns, with mostly positive share reactions; the sole divergence followed marine-focused acquisitions.

Recent Company History

Over the past few months, Patrick Industries reported several strategic and shareholder-focused developments. On Nov 4, 2025, it launched the Rockford Fosgate PUNCH speaker line, and on the same date outlined participation in multiple investor conferences. The Board later increased the quarterly dividend to $0.47 per share on Nov 20, 2025. Most recently, on Dec 18, 2025, Patrick expanded marine capabilities via two acquisitions. Today’s CFO transition follows a series of leadership and growth updates.

Market Pulse Summary

This announcement outlines a planned CFO transition under Patrick’s executive succession plan, with ...

Analysis

This announcement outlines a planned CFO transition under Patrick’s executive succession plan, with the outgoing CFO remaining through the Form 10‑K filing for the year ended December 31, 2025. The incoming CFO has held multiple senior finance roles at the company since 2022, providing continuity. Recent history includes acquisitions, product launches, and a dividend increase. Investors may watch upcoming filings and leadership updates to gauge how the finance team supports ongoing strategic initiatives.

Key Terms

form 10-k, forward-looking statements, annual report on form 10-k, form 10-q, +1 more

5 terms

form 10-k regulatory

"through the filing date of its Form 10-K for the fiscal year ended"

A Form 10-K is a comprehensive report that publicly traded companies are required to file annually with regulators. It provides a detailed overview of a company's financial health, operations, and risks, similar to a detailed health report. Investors use this information to assess the company's performance and make informed decisions about buying or selling its stock.

forward-looking statements regulatory

"which are forward-looking statements as that term is defined in the"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

annual report on form 10-k regulatory

"contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K"

An annual report on Form 10‑K is a required, comprehensive filing that publicly traded companies give to regulators and investors summarizing their business, results of operations, detailed financial statements reviewed by independent auditors, material risks, legal issues and management’s discussion of performance. Investors use it like a company’s year‑end report card and medical checkup: it reveals how the business made money, where it is vulnerable, and the facts needed to compare value, judge risk and make informed investment decisions.

form 10-q regulatory

"and in the Company's Forms 10-Q for subsequent quarterly periods"

A Form 10-Q is a detailed report that publicly traded companies are required to file with regulators three times a year, providing an update on their financial health and business activities. It is important for investors because it offers timely insights into a company's performance, helping them make informed decisions about buying or selling stocks. Think of it as a regular check-up report that shows how well a company is doing.

securities and exchange commission regulatory

"which are filed with the Securities and Exchange Commission ("SEC")"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. Not financial advice.

ELKHART, Ind., Jan. 5, 2026 /PRNewswire/ -- Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced the appointment of Matthew Filer, 53, as Executive Vice President – Finance, Chief Financial Officer and Treasurer, in alignment with the Company's executive succession plan. He will succeed Andrew Roeder, who informed the Company on December 29, 2025 that he will step down from his role as Executive Vice President – Finance, Chief Financial Officer and Treasurer. Mr. Roeder will remain with the Company through the filing date of its Form 10-K for the fiscal year ended December 31, 2025.

Mr. Filer joined the Company as Senior Vice President of Finance in November 2022, served as Interim Executive Vice President – Finance, Chief Financial Officer, and Treasurer of the Company from May 2023 to March 2024, and was elected Chief Accounting Officer in May 2024.

"The Board of Directors and I would like to thank Andy for his dedicated and humble service to the Company," said Andy Nemeth, Chief Executive Officer of Patrick. "Andy's leadership of our finance organization helped guide Patrick through the dynamic end-market conditions we experienced during his tenure, and he leaves behind a strong, capable team well positioned for the future. We wish him continued success and are confident that Matt's deep financial expertise, organizational leadership, and knowledge of Patrick and our end markets will serve us well into 2026 and beyond."

Mr. Roeder commented, "I would like to thank Andy and the entire Patrick team for the opportunity to be part of such a great organization. I have enjoyed my time at Patrick and believe this is the right time to pursue opportunities more closely aligned with my entrepreneurial and operational background. Matt has played an instrumental role in the success of the finance function, and I am confident he will be an exceptional CFO in executing the Company's business strategies going forward."

About Patrick Industries, Inc.

Patrick (NASDAQ: PATK) is a leading component solutions provider serving the RV, Marine, Powersports and Housing markets. Since 1959, Patrick has empowered manufacturers and outdoor enthusiasts to achieve next-level recreation experiences. Our customer-focused approach brings together design, manufacturing, distribution, and transportation in a full solutions model that defines us as a trusted partner. Patrick is home to more than 85 leading brands, all united by a commitment to quality, customer service, and innovation. Headquartered in Elkhart, IN, Patrick employs approximately 10,000 skilled team members throughout the United States. For more information on Patrick, our brands, and products, please visit www.patrickind.com.

Forward-Looking Statements

This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and in the Company's Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission ("SEC") and are available on the SEC's website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

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SOURCE Patrick Industries, Inc.

FAQ

Who is the new CFO of Patrick Industries (PATK) as of January 5, 2026?

Matthew Filer, age 53, was appointed Executive Vice President – Finance, Chief Financial Officer and Treasurer.

When did Andrew Roeder notify Patrick Industries (PATK) he would step down as CFO?

Andrew Roeder informed the company on December 29, 2025 that he would step down and will remain through the Form 10-K filing for FY2025.

What is Matthew Filer’s prior experience at Patrick Industries (PATK)?

Filer joined in November 2022, served as Interim CFO from May 2023 to March 2024, and was elected Chief Accounting Officer in May 2024.

Will Andrew Roeder remain with Patrick Industries (PATK) after announcing his departure?

Yes. Roeder will remain with the company through the filing date of its Form 10-K for the fiscal year ended December 31, 2025.

Does Patrick Industries (PATK) describe the CFO change as part of a succession plan?

Yes. The appointment of Matthew Filer is described as aligned with the company’s executive succession plan.