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4-Traders Homepage  >  Equities  >  Nasdaq  >  Patrick Industries, Inc.    PATK

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PATRICK INDUSTRIES, INC. (NASDAQ:PATK) Files An 8-K Submission of Matters to a Vote of Security Holders

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05/19/2017 | 04:58pm EDT

PATRICK INDUSTRIES, INC. (NASDAQ:PATK) Files An 8-K Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Shareholders of Patrick Industries, Inc.
(the Company) was held on May 17, 2017. The total shares
outstanding on the record date, March 24, 2017, were 16,763,036.
The total shares voted at the meeting in person or by proxy were
15,621,478 which represented 93.19% 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 eight directors to the Board of
Directors to serve until the 2018 Annual Meeting.
>
Directors
For
Withheld
Broker Non-Votes
Joseph M. Cerulli
9,590,018
4,429,202
1,602,258
Todd M. Cleveland
13,455,098
564,122
1,602,258
John A. Forbes
8,298,465
5,720,755
1,602,258
Paul E. Hassler
11,906,228
2,112,992
1,602,258
Michael A. Kitson
9,603,034
4,416,186
1,602,258
Andy L. Nemeth
12,985,856
1,033,364
1,602,258
M. Scott Welch
9,304,699
4,714,521
1,602,258
Walter E. Wells
9,149,009
4,870,211
1,602,258
Proposal 2>- Ratification of the appointment of Crowe Horwath
LLP as the Companys independent registered public accounting firm
for fiscal year 2017.
For
Against
Abstain
Broker Non-Votes
15,355,704
262,165
3,609
Proposal 3>- To approve an increase to the number of
authorized shares of common stock.
For
Against
Abstain
Broker Non-Votes
14,205,927
1,391,960
23,591
Proposal 4>- To approve an amendment to the Companys 2009
Omnibus Incentive Plan to increase the number of shares available
for grant.
For
Against
Abstain
Broker Non-Votes
9,291,256
4,722,301
5,663
1,602,258

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. PATRICK INDUSTRIES, INC. (NASDAQ:PATK) Recent Trading Information
PATRICK INDUSTRIES, INC. (NASDAQ:PATK) closed its last trading session up +0.05 at 66.75 with 144,167 shares trading hands.

The post PATRICK INDUSTRIES, INC. (NASDAQ:PATK) Files An 8-K Submission of Matters to a Vote of Security Holders appeared first on Market Exclusive.

© Market Exclusive 2017, source Market Exclusive

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Financials ($)
Sales 2017 1 446 M
EBIT 2017 110 M
Net income 2017 69,4 M
Debt 2017 -
Yield 2017 -
P/E ratio 2017 16,25
P/E ratio 2018 14,65
Capi. / Sales 2017 0,79x
Capi. / Sales 2018 0,72x
Capitalization 1 142 M
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Patrick Industries, Inc. Technical Analysis Chart | PATK | US7033431039 | 4-Traders
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Technical analysis trends PATRICK INDUSTRIE...
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TrendsNeutralNeutralNeutral
Technical analysis
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Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 84,2 $
Spread / Average Target 24%
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Managers
NameTitle
Andy L. Nemeth President & Director
Paul E. Hassler Chairman
Kip B. Ellis Chief Operating Officer & Executive Vice President
Joshua A. Boone CFO, Secretary, Treasurer & Vice President-Finance
Walter E. Wells Independent Director
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