Patrick Industries, Inc. filed an 8-K press release on October 28, 2026, reaffirming its all-stock merger agreement with LCI Industries after LCI received an unsolicited, nonbinding acquisition proposal from Monomoy Capital Partners.

Key Highlights

  • Merger reaffirmed: Patrick Industries reaffirmed its agreement to combine with LCI Industries (NYSE:LCII) in an all-stock merger, according to the filing.
  • Unsolicited proposal received: LCI was notified of a nonbinding proposal from Monomoy Capital Partners to acquire LCI, the filing disclosed.
  • LCI board stance unchanged: LCI stated its Board of Directors has not changed its recommendation in support of the merger with Patrick, per the filing.
  • Effective registration: The joint proxy statement/prospectus on Form S-4 (File No. 333-299100) was declared effective by the SEC on October 19, 2026, and the definitive joint proxy statement/prospectus was filed on October 19, 2026, according to the filing.
  • Company profile: Patrick Industries describes itself as serving RV, Marine, Powersports, and Housing markets, employing approximately 10,000 team members and operating more than 85 brands, as stated in the filing.

Patrick Industries Stands by LCI Merger Following Third-Party Approach

According to the filing, Patrick Industries (NASDAQ:PATK) issued a press release on October 28, 2026, reaffirming its previously announced all-stock merger agreement with LCI Industries. The planned combination is described in the filing as intended to form "a premier component solutions provider for the outdoor enthusiast, housing and transportation markets." The filing states that Patrick was notified by LCI that an unsolicited, nonbinding proposal had been received from Monomoy Capital Partners to acquire LCI.

The filing notes that LCI's Board of Directors has "a responsibility to carefully evaluate the proposal" consistent with its fiduciary duties, but as of the date of the announcement, LCI's Board had not changed its recommendation in support of the merger with Patrick. The filing further states that Patrick "will monitor this development as it continues to execute on its strategy and vision centered around an independent and diversified brand model in the outdoor enthusiast and housing markets."

The filing references the joint proxy statement/prospectus included in the Form S-4 (File No. 333-299100) filed with the SEC on September 23, 2026, as amended by a Form S-4/A filed on October 15, 2026, which the SEC declared effective on October 19, 2026. The definitive joint proxy statement/prospectus was also filed by Patrick with the SEC on October 19, 2026. The filing contains forward-looking statements subject to the company's cautionary language, noting that the proposed transaction may not be completed "on the anticipated terms and timing or at all."

What Was Disclosed

Patrick Industries disclosed via press release that it is reaffirming its all-stock merger with LCI Industries following an unsolicited, nonbinding proposal to LCI from Monomoy Capital Partners, with LCI's Board maintaining its recommendation for the Patrick merger as of October 28, 2026.