UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

 


 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

 

Date of report (Date of earliest event reported)

September 23, 2013

 

 

PATRICK INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Indiana

000-03922

35-1057796

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification Number)

 

 

107 West Franklin, P.O. Box 638, Elkhart, Indiana

46515

(Address of Principal Executive Offices)

(Zip Code)

 

 

Registrant’s Telephone Number, including area code

(574) 294-7511


 

 

(Former name or former address if changed since last report)

 

 

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 
 

 

 

Item 8.01      Other Events.

 

On September 23, 2013, Patrick Industries, Inc. (“Patrick” or the “Company”) issued a press release (the “Press Release”) announcing the completion of the acquisition of the business and certain assets of Goshen, Indiana-based John H. McDonald Co., Inc., d/b/a Westside Furniture (“Westside”), a wholesale supplier of La-Z-Boy® recliners and the Serta® Trump Home™ mattress line, among other furniture products, to the recreational vehicle industry.

 

Patrick will continue to operate the wholesale furniture business on a stand-alone basis under the Westside Furniture brand name in its existing 53,000 square foot leased facility. The net purchase price of approximately $8.7 million was funded under the Company’s existing credit facility. The Company expects the acquisition to be accretive to 2013 earnings per share. Westside, with projected 2013 annual revenues of approximately $17 million, marks the Company’s third business acquisition this year.

 

A copy of the Press Release is furnished herewith as Exhibit 99.1.

 

Item 9.01         Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit 99.1      Press Release issued September 23, 2013.

 

 
 

 

 

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: September 23, 2013

By:

/s/ Andy L. Nemeth

 
   

Andy L. Nemeth

 
   

Executive Vice President – Finance and

 
   

Chief Financial Officer