Patrick S-4/A Sets Nov 18 Merger Vote; 30.2M Shares to Be Issued for LCI
PATK is trading near its 52-week low of $63 (8.7% above the low) on elevated volume (2.0× avg).
Summary
Patrick's amended S-4 sets the November 18, 2026 shareholder votes on its all-stock merger with LCI, with about 30.2 million new shares to be issued and the deal still subject to a DOJ Second Request.
Key Events · M&A and Partnerships · PATK
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Merger Vote Set for November 18
Patrick and LCI will each hold virtual special meetings on November 18, 2026, with a record date of October 15, 2026; Patrick shareholders vote on the share issuance and authorized-share increase, LCI holders on the merger.
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30.2M Shares to Be Issued for LCI
Patrick expects to issue up to approximately 30,244,221 shares (about 94.2% of its pre-deal shares outstanding) at a fixed 1.2440 exchange ratio; Patrick holders will own ~52% and LCI holders ~48% of the combined company.
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Authorized Shares to Rise to 200M
Patrick seeks approval to increase authorized common stock from 60,000,000 to 200,000,000 shares (total authorized 201,000,000), a condition to closing the merger.
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DOJ Second Request Extends Review
The DOJ issued a Second Request on October 9, 2026, extending the HSR waiting period until 30 days after substantial compliance; the merger is now expected to close in the first half of 2027.
Analysis · PATK · Manufacturing
This amended registration statement for Patrick's all-stock merger with LCI Industries locks in the deal's mechanics: both shareholder votes are set for November 18, 2026, with a record date of today, October 15. Up to roughly 30.2 million new shares (about 94% of its current share count) will be issued to LCI holders, who will own about 48% of the combined company. The filing also quantifies the accounting: about $2.34 billion of consideration at an assumed $69.92 per share, roughly $609 million of goodwill and $1.0 billion of intangibles, and pro forma 2025 revenue of about $8.1 billion. The main overhang is regulatory — the DOJ's Second Request from October 9 extends the antitrust review, and the deal is not expected to close until the first half of 2027. The pro forma shows dilution: combined diluted EPS of $3.38 versus Patrick's standalone $3.90.
How filings like this one have moved
In the 30 days to Oct 19, 2026, 37.8% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.82%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PATK was trading at $68.45 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $2.2B. The 52-week trading range was $63.00 to $148.50. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.