PATRICK INDUSTRIES, INC. (NASDAQ:PATK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 21, 2019, the Board of Directors (the “Board”) of Patrick Industries, Inc. (the “Company”) appointed Pamela Klyn, Derrick Mayes and Denis Suggs as additional independent directors to the Board effective March 21, 2019. Ms. Klyn and Messrs. Mayes and Suggs will serve for a term expiring at the 2019 Annual Meeting of Shareholders or until a successor is duly elected and qualified and will be compensated for their services as a director on the same basis as the Company’s other independent directors.
Ms. Klyn is the Senior Vice President in the Global Product Organization at Whirlpool Corporation, the world’s leading major home appliance company headquartered in Benton Harbor, Michigan. Ms. Klyn has served in her current role since 2016 and has held various leadership positions in marketing and engineering within Whirlpool since 1993.
Mr. Mayes is the Vice President of WME/IMG, a strategic advisory firm to the sports and entertainment industry. Mr. Mayes has served in his current role since 2015. Prior to that, Mr. Mayes was the Chief Executive Officer of ExecutiveAction Sports & Entertainment, serving as a strategic adviser to high profile individuals, groups and organizations in the sports and entertainment industry from 2007 to 2015.
Mr. Suggs is the President and Chief Executive Officer of Strategic Materials, a Houston, Texas-based environmental services company and leading supplier of recycled glass in North America. Mr. Suggs has served in his current rule since 2014. Prior to that, Mr. Suggs was the Global Executive Vice President of Americas Operations at Belden, Inc. from 2009 to 2013.
The Company is unaware of any arrangements or understandings between Ms. Klyn and Messrs. Mayes and Suggs and any other person to which they were selected as directors of the Company and they have no direct or indirect material interest in any transaction or proposed transaction required to be disclosed to Item 404(a) of Regulation S-K.
On March 25, 2019, the Company issued a press release announcing the appointments. A copy of the press release is furnished herewith as Exhibit 99.1.
Item 9.01Financial Statements and Exhibits.
PATRICK INDUSTRIES INC Exhibit
EX-99.1 2 exhibit991newsreleasenewbo.htm EXHIBIT 99.1 Exhibit Patrick Industries,…
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About PATRICK INDUSTRIES, INC. (NASDAQ:PATK)
Patrick Industries, Inc. (Patrick) is a manufacturer of component products and distributor of building products and materials for the recreational vehicle (RV) and manufactured housing (MH) industries. The Company operates in two segments: Manufacturing and Distribution. The Company’s manufacturing segment’s lamination operations utilizes various materials, such as lauan, medium density fiberboard (MDF), gypsum, and particleboard, which are bonded by adhesives or a heating process to a number of products, including vinyl, paper, foil and high-pressure laminates. The Company’s distribution segment distributes pre-finished wall and ceiling panels, drywall and drywall finishing products, electronics, wiring, electrical and plumbing products, FRP products, cement siding, interior passage doors, roofing products, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds. It also distributes interior and exterior lighting products, and other miscellaneous products.