8-K: Current report filing
Published on June 2, 2020
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
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Patrick Industries, Inc. (the “Company” or “Patrick”) was informed on May 27, 2020 that Joshua A. Boone, the Chief Financial Officer of the Company, intends to resign from his positions at the Company effective June 12, 2020 to pursue another business opportunity. Mr. Boone intends to support the Company during a period of transition.
The Company has appointed John A. Forbes as Interim Chief Financial Officer effective June 12, 2020. Mr. Forbes, who has been a member of Patrick's Board of Directors since 2011, has extensive senior leadership experience, including as the President of Utilimaster, a business unit of Spartan Motors USA, Inc., from 2010 to 2017, the CFO of Utilimaster from 2009 to 2010, and the CFO of Nautic Global Group LLC from 2007 to 2009. In addition, Mr. Forbes served as the CFO of Adorn Holdings, Inc. from 2003 until its acquisition by Patrick in 2007. With his appointment as Interim Chief Financial Officer, Mr. Forbes has resigned from his positions on the Audit Committee, the Compensation Committee and the Corporate Governance and Nominations Committee of the Company’s Board of Directors.
The Company has retained a search firm to fill the Chief Financial Officer position, in addition to assessing its internal candidates.
Item 7.01 Regulation FD Disclosure
On May 28, 2020, the Company issued a press release regarding Mr. Boone’s resignation and Mr. Forbes’ appointment. A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
In accordance with general instruction B.2 to Form 8-K, the information set forth in Item 7.01 of this Form 8-K (including Exhibit 99.1) shall be deemed “furnished” and not “filed” with the Securities and Exchange Commission for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing thereunder or under the Securities Act of 1933, as amended.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 - Press Release dated May 28, 2020
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. |
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(Registrant) |
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Date: June 2, 2020 |
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/s/ Andy L. Nemeth |
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Andy L. Nemeth
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President and Chief Executive Officer
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