Patrick Industries (NASDAQ: PATK) holders back board, OK pay and $0.47 dividend
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Patrick Industries, Inc. held its annual shareholder meeting with 31,474,950 shares voted, representing 95.06% of the 33,111,193 shares outstanding as of the March 20, 2026 record date. Shareholders elected nine directors, ratified Deloitte & Touche as auditor, and approved 2025 executive compensation in an advisory vote.
The Board also declared a quarterly cash dividend of $0.47 per share on common stock. This dividend will be paid on June 8, 2026 to shareholders of record at the close of business on May 26, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.07, 8.01, 9.01
3 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Shares outstanding: 33,111,193 shares
Shares voted: 31,474,950 shares
Quarterly dividend: $0.47 per share
+5 more
8 metrics
Shares outstanding
33,111,193 shares
Total shares outstanding on record date March 20, 2026
Shares voted
31,474,950 shares
Shares voted at the annual meeting, 95.06% of eligible votes
Quarterly dividend
$0.47 per share
Cash dividend declared May 14, 2026 on common stock
Dividend payment date
June 8, 2026
Payable date for $0.47 per-share dividend
Dividend record date
May 26, 2026
Shareholders of record eligible for the June 8, 2026 dividend
Auditor ratification votes for
31,399,269 votes
Votes for Deloitte & Touche LLP as 2026 auditor
Say-on-pay votes for
29,250,416 votes
Advisory approval of 2025 executive compensation
Director with highest ‘For’ votes
29,785,946 votes
Votes for director nominee Andy L. Nemeth
Key Terms
broker non-votes, independent registered public accounting firm, advisory and non-binding vote, quarterly cash dividend, +2 more
6 terms
broker non-votes financial
"Directors | For | Withheld | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
independent registered public accounting firm financial
"Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
advisory and non-binding vote financial
"To approve, in an advisory and non-binding vote, the compensation of the Company’s named executive officers"
quarterly cash dividend financial
"declared a quarterly cash dividend of $0.47 per share of common stock"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
forward-looking statements financial
"This press release contains certain statements related to future results... which are forward-looking statements"
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.
Risk Factors financial
"Information about certain risks... are contained in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K"
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant To Section 13 OR 15(d) Of The Securities Exchange Act Of 1934
Date of report (Date of earliest event reported) | |||||
| (Exact name of registrant as specified in its charter) | |||||
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification Number) | ||||||||||||
| (Address of Principal Executive Offices) | (Zip Code) | Registrant's Telephone Number, including area code | ||||||||||||||||||
| (Former name or former address if changed since last report) | ||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol | Name of each exchange on which registered | ||||||
| | | |||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 5.07 Submission of Matters to a Vote of Security Holders
The Annual Meeting of Shareholders of the Company was held on May 14, 2026. The total shares outstanding on the record date, March 20, 2026, were 33,111,193. The total shares voted at the meeting in person or by proxy were 31,474,950 which represented 95.06% of the total outstanding eligible votes. Each of the director nominees were elected and each of the proposals voted upon at the annual meeting were adopted by the requisite shareholder vote. The results of the matters voted upon at the Annual Meeting of Shareholders are as follows:
Proposal 1 - Election of nine directors to the Board of Directors to serve until the 2027 Annual Meeting.
| Directors | For | Withheld | Broker Non-Votes | |||||||||||||||||
| Blake W. Augsburger | 29,298,500 | 789,702 | 1,386,748 | |||||||||||||||||
| Natalie A. Brown | 28,372,016 | 1,716,186 | 1,386,748 | |||||||||||||||||
| Joseph M. Cerulli | 25,139,140 | 4,949,062 | 1,386,748 | |||||||||||||||||
| Todd M. Cleveland | 29,039,021 | 1,049,181 | 1,386,748 | |||||||||||||||||
| John A. Forbes | 27,853,351 | 2,234,851 | 1,386,748 | |||||||||||||||||
| Michael A. Kitson | 28,963,693 | 1,124,509 | 1,386,748 | |||||||||||||||||
| Andy L. Nemeth | 29,785,946 | 302,256 | 1,386,748 | |||||||||||||||||
| Denis G. Suggs | 28,144,553 | 1,943,649 | 1,386,748 | |||||||||||||||||
| M. Scott Welch | 28,099,897 | 1,988,305 | 1,386,748 | |||||||||||||||||
Proposal 2 - Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2026. There were no broker non-votes.
| For | Against | Abstain | ||||||||||||
| 31,399,269 | 30,410 | 45,271 | ||||||||||||
Proposal 3 - To approve, in an advisory and non-binding vote, the compensation of the Company’s named executive officers for fiscal year 2025.
| For | Against | Abstain | Broker Non-Votes | |||||||||||||||||
| 29,250,416 | 798,094 | 39,692 | 1,386,748 | |||||||||||||||||
Item 8.01 Other Events
On May 14, 2026, the Board of Directors of Patrick Industries, Inc. declared a quarterly cash dividend of $0.47 per share of common stock, which will be payable on June 8, 2026, to shareholders of record at the close of business on May 26, 2026.
A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 - Press Release issued May 15, 2026
Exhibit 104 - Cover Page Interactive Date File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PATRICK INDUSTRIES, INC. | ||||||||
| (Registrant) | ||||||||
Date: May 18, 2026 | By: | /s/ Matthew S. Filer | ||||||
Matthew S. Filer | ||||||||
| Executive Vice President - Finance, Chief Financial Officer, and Treasurer | ||||||||
NEWS RELEASE Patrick Industries, Inc. Declares Quarterly Cash Dividend ELKHART, IN, May 15, 2026 – Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”) today announced that on May 14, 2026 its Board of Directors (the “Board”) declared a quarterly cash dividend on its common stock of $0.47 per share. The dividend is payable on June 8, 2026 to shareholders of record at the close of business on May 26, 2026. About Patrick Industries, Inc. Patrick (NASDAQ: PATK) is a leading component solutions provider serving original equipment manufacturers and aftermarket customers in 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 more than 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, 2025, 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. In addition, future dividends are subject to Board approval. 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. Contact: Steve O'Hara Vice President of Investor Relations oharas@patrickind.com 574.294.7511
FAQ
What dividend did Patrick Industries (PATK) declare in May 2026?
The Board declared a quarterly cash dividend of $0.47 per share. The dividend is payable on June 8, 2026 to shareholders of record at the close of business on May 26, 2026, continuing the company’s practice of returning cash to shareholders.
When will Patrick Industries (PATK) pay its next dividend and who qualifies?
The $0.47 per share dividend will be paid on June 8, 2026. Shareholders who are on record as owning Patrick Industries common stock at the close of business on May 26, 2026 are entitled to receive this quarterly cash dividend.
Was Patrick Industries’ (PATK) auditor ratified for fiscal year 2026?
Yes, shareholders ratified Deloitte & Touche LLP as the 2026 auditor. The proposal received 31,399,269 votes for, 30,410 against, and 45,271 abstentions, with no broker non-votes reported on this ratification item at the annual meeting.