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) June 18, 1999
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PATRICK INDUSTRIES, INC.
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(Exact Name of Registrant as Specified in Charter)
Indiana 0-3922 35-1057796
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(State or other jurisdiction of Commission File Number (I.R.S. Employer
incorporation or organization) Identification No.)
1800 South 14th Street, P.O. Box 638, Elkhart, Indiana 46515
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(Address of principal executive offices) (Zip Code)
(219) 294-7511
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Registrant's telephone number, including area code
Not Applicable
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(Former name, former address and former fiscal year,
if changed since last report.)
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Item 5. Other Events.
On June 18, 1999, the registrant issued a press release announcing the
hiring of U.S. Bancorp Piper Jaffray, Inc. as financial advisor to assist the
registrant in analyzing and pursuing strategic alternatives that would maximize
shareholder value, a copy of which is filed herewith.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) EXHIBITS
Exhibit
Number Description
99.1 Press Release dated June 18, 1999.
<PAGE>
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 thereunto duly authorized.
PATRICK INDUSTRIES, INC.
(Registrant)
/s/ Keith V. Kankel
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Keith V. Kankel
Date: June 22, 1999
NEWS RELEASE
June 18, 1999
FOR IMMEDIATE RELEASE
CONTACT: Keith V. Kankel
PATRICK INDUSTRIES, INC.
TO EXPLORE STRATEGIC ALTERNATIVES
Elkhart, Indiana - - - - - - - Patrick Industries, Inc.
(Nasdaq: PATK), announced today that its Board of Directors has decided to
explore various strategic alternatives to help the Company capitalize on its
value as a leading supplier of building products to the manufactured housing,
recreational vehicle, and other industries.
The Company has retained U.S. Bancorp Piper Jaffray Inc. as
financial advisor to assist the Company in analyzing and pursuing strategic
alternatives that would maximize shareholder value.
Patrick Industries, Inc. is a nationwide distributor and
manufacturer of building products to the manufactured housing, recreational
vehicle, furniture, marine, automotive, architectural, and other industries. The
Company has 16 distribution centers and 26 manufacturing facilities in 14
states.
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