PATRICK INDUSTRIES INC 8-K

What Happened
Patrick Industries, Inc. (PATK) filed an 8-K on May 18, 2026 reporting results of its March 20, 2026 annual meeting and announcing a quarterly cash dividend. There were 33,111,193 shares outstanding on the record date and 31,474,950 shares were voted (95.06% turnout). All nine director nominees were elected to serve until the 2027 annual meeting. Shareholders ratified Deloitte & Touche LLP as the company’s independent registered public accounting firm for fiscal 2026 and approved, on an advisory (non-binding) basis, the 2025 compensation of the company’s named executive officers. The company also declared a quarterly cash dividend of $0.47 per share, payable June 8, 2026 to shareholders of record at the close of business on May 26, 2026.

Key Details

• Shares outstanding (record date): 33,111,193; shares voted: 31,474,950 (95.06%).
• All nine director nominees elected; vote totals varied (examples: Blake W. Augsburger 29,298,500 for; Andy L. Nemeth 29,785,946 for). Broker non‑votes: 1,386,748.
• Audit firm ratified: Deloitte & Touche LLP — vote: 31,399,269 for, 30,410 against, 45,271 abstain.
• Advisory vote on executive compensation (say-on-pay) approved: 29,250,416 for, 798,094 against, 39,692 abstain.

Why It Matters

• Board continuity: Election of all director nominees maintains the current board composition and oversight through next year’s meeting.
• Audit continuity: Ratification of Deloitte keeps the same independent auditor for fiscal 2026, relevant to financial reporting and audit continuity.
• Shareholder return: The $0.47 quarterly dividend provides a clear, near-term cash payout for shareholders (payable June 8, 2026).
• Governance signal: Approval of the advisory pay vote indicates majority shareholder support for the company’s 2025 executive compensation practices.