Edition:
United States

Patrick Industries Inc (PATK.OQ)

PATK.OQ on NASDAQ Stock Exchange Global Select Market

98.75USD
8 Dec 2017
Change (% chg)

$1.05 (+1.07%)
Prev Close
$97.70
Open
$98.50
Day's High
$99.68
Day's Low
$97.70
Volume
22,001
Avg. Vol
27,902
52-wk High
$102.50
52-wk Low
$60.15

Summary

Name Age Since Current Position

Paul Hassler

69 2009 Chairman of the Board

Andrew Nemeth

47 2016 President, Director

Todd Cleveland

48 2016 Chief Executive Officer, Director

Joshua Boone

37 2016 Vice President - Finance, Chief Financial Officer, Secretary -Treasurer

Kip Ellis

42 2016 Executive Vice President - Operations, Chief Operating Officer

Courtney Blosser

50 2016 Chief Human Resource Officer, Executive Vice President - Human Resources

Jeffrey Rodino

46 2016 Executive Vice President - Sales, Chief Sales Officer

Joseph Cerulli

57 2008 Independent Director

John Forbes

57 2011 Independent Director

Michael Kitson

58 2013 Independent Director

M. Scott Welch

57 2015 Independent Director

Walter Wells

78 2001 Independent Director

Biographies

Name Description

Paul Hassler

Mr. Paul E. Hassler is Chairman of the Board of the Company. He was Chief Executive Officer of the Company from April 2004 to January 2009 (retired) and President from April 2004 to May 2008. Mr. Hassler held the position of Vice President Operations and Distribution - West of the Company from December 2003 through the first quarter of 2004; Executive Director of West Coast Operations from 1994 to 2003; and General Manager of California Operations from 1986 to 1994. Mr. Hassler has over 43 years of recreational vehicle, manufactured housing and industrial experience in various capacities and has demonstrated leadership as Non-Executive Chairman of the Board. He has served as a director of the Company since 2005.

Andrew Nemeth

Mr. Andrew L. Nemeth is President, Director of the Company. He was appointed President of the Company in January 2016. Prior to that, Mr. Nemeth was the Executive Vice President of Finance and Chief Financial Officer from May 2004 to December 2015, and Secretary-Treasurer from 2002 to 2015. Mr. Nemeth has over 25 years of manufactured housing, recreational vehicle, and industrial experience in various financial and managerial capacities.

Todd Cleveland

Mr. Todd M. Cleveland is Chief Executive Officer, Director of the Company. He was President of the Company from May 2008 to December 2015, and Chief Operating Officer from May 2008 to March 2013. Prior to that, Mr. Cleveland served as Executive Vice President of Operations and Sales and Chief Operating Officer from August 2007 to May 2008 following the acquisition of Adorn Holdings, Inc. by Patrick in May 2007. Mr. Cleveland has over 26 years of manufactured housing, recreational vehicle, and industrial experience in various leadership capacities.

Joshua Boone

Mr. Joshua A. Boone is Vice President - Finance, Chief Financial Officer, Secretary -Treasurer of the Company. He was elected an officer in May 2016. Mr. Boone joined the Company as its Director of Corporate Finance in July 2014. Prior to his role at Patrick, Mr. Boone served as Chief Financial Officer for Pretzels, Inc. from 2012 to 2014 and served in several leadership positions in finance and accounting at Brunswick Corporation from 2007 to 2014.

Kip Ellis

Mr. Kip B. Ellis is Executive Vice President - Operations, Chief Operating Officer of the Company. He was appointed Executive Vice President of Operations and Chief Operating Officer of the Company in September 2016. He was elected an officer in September 2016. Mr. Ellis joined the Company as Vice President of Market Development in April 2016. Prior to his role at Patrick, Mr. Ellis served as Vice President of Aftermarket Sales for the Dometic Group from 2015 to 2016. Prior to his tenure at Dometic, Mr. Ellis served as Vice President of Global Sales and Marketing from 2007 to 2015 at Atwood Mobile Products. Mr. Ellis has over 20 years of experience serving the recreational vehicle, manufactured housing, industrial and automotive markets.

Courtney Blosser

Mr. Courtney A. Blosser is Chief Human Resource Officer, Executive Vice President - Human Resources of the Company. Prior to that, Mr. Blosser was the Vice President of Human Resources from October 2009 to May 2016. He was elected an Officer in May 2010. Prior to that, Mr. Blosser served as the Corporate Director-Human Resources of Whirlpool Corporation from 2008 to 2009. Mr. Blosser has over 28 years of operations and human resource experience in various industries.

Jeffrey Rodino

Mr. Jeffrey M. Rodino serves as Executive Vice President - Sales, Chief Sales Officer of the Company. He was appointed Chief Sales Officer of the Company in September 2016. In addition to this role, Mr. Rodino serves as the Executive Vice President of Sales, a position he has held since December 2011. Prior to that, he was the Chief Operating Officer of the Company from March 2013 to September 2016, and Vice President of Sales for the Midwest from August 2009 to December 2011. He was elected an Officer in May 2010. Mr. Rodino has over 23 years of experience in serving the recreational vehicle, manufactured housing and industrial markets.

Joseph Cerulli

Mr. Joseph M. Cerulli is Independent Director of the Company. He has been employed by Tontine Associates, LLC, an affiliate of Tontine Capital Partners, LP, and Tontine Capital Management, LLC (collectively, with their affiliates, “Tontine”), since January 2007. Prior to that, Mr. Cerulli was an independent financial consultant from 2002 to 2006. Mr. Cerulli has particular knowledge of our Company and the industries in which we operate based on Tontine’s long-standing investment in the Company and possesses extensive knowledge with respect to financial and investment matters. Mr. Cerulli currently serves as a member of the Company’s Corporate Governance and Nominations Committee. He has served as a director of the Company since 2008.

John Forbes

Mr. John A. Forbes is Independent Director of the Company. Prior to that, he was the Chief Financial Officer of Utilimaster from May 2009 to July 2010, the Chief Financial Officer of Nautic Global Group LLC from 2007 to 2009, and the Chief Financial Officer of Adorn LLC from 2003 to 2007. Mr. Forbes has over 29 years of experience in serving various manufacturing industries having held senior financial leadership roles including Trimas Corporation/Masco Tech, Inc., both with Fulton Performance Products and Reese Products. Mr. Forbes also has extensive experience with operations management, acquisitions, strategic planning, risk management, and banking relations. He has been determined to be an “audit committee financial expert” under the SEC’s rules and regulations by our Board. Mr. Forbes currently serves as the Chairman of the Company’s Corporate Governance and Nominations Committee, and as a member of the Company’s Audit Committee and Compensation Committee. He has served as a director of the Company since 2011.

Michael Kitson

Mr. Michael A. Kitson is Independent Director of the Company. He is a principal with AVL Growth Partners, a firm that provides fractional accounting and financial advisory services. Previously, he was the Chief Financial Officer of MikaTek, Ltd., an early stage manufacturer of barrier products manufactured from recycled rubber tire materials from January 2016 until July 2016. Prior to that, he was Chief Executive Officer of SharpShooter Imaging from March 2015 to January 2016, the Chief Executive Officer of Nautic Global Group from March 2011 to October 2013, the Chief Financial Officer of Nautic from August 2010 to March 2011, the President and Chief Executive Officer of Utilimaster, now a subsidiary of Spartan Motors USA, Inc., from 2007 to 2010, and the Chief Financial Officer of Utilimaster from 1999 to 2007. Mr. Kitson has over 29 years of experience in serving various manufacturing industries having also held senior financial leadership roles with Lilly Industries, Inc. Mr. Kitson also has extensive experience with corporate and operations management, strategic planning, and risk management. He has been determined to be an “audit committee financial expert” under the SEC’s rules and regulations by our Board. Mr. Kitson currently serves as the Chairman of the Company’s Audit Committee, and as a member of the Company’s Corporate Governance and Nominations Committee and Compensation Committee. He has served as a director of the Company since 2013.

M. Scott Welch

Mr. M. Scott Welch is Independent Director of the Company. He has been the President and Chief Executive Officer of Welch Packaging Group, a large independently owned corrugated packaging company, since 1985. Prior to establishing Welch Packaging, he worked at Northern Box, Performance Packaging, and Elkhart Container. Mr. Welch has served as a director of Lakeland Financial Corporation (“Lakeland”) from 1998 to present, and has been the lead independent director since 2012. He is also a member of Lakeland’s compensation committee and audit committee. He has also served as a trustee at DePauw University since 2005. Mr. Welch has over 34 years of experience in the packaging industry, and has extensive experience in sales, marketing and strategy. Mr. Welch currently serves as a member of the Company’s Compensation Committee, Corporate Governance and Nominations Committee and Audit Committee. He has served as a director of the Company since 2015.

Walter Wells

Mr. Walter E. Wells is Independent Director of the Company. He was the President and Chief Executive Officer of Schult Homes Corporation, a leading builder of manufactured and modular housing, from 1970 to 1998 (retired). Mr. Wells is a director of Woodland Foundation. Mr. Wells has particular knowledge of our Company and the industries to which we sell our products, experience in corporate management and leadership, and strategic planning. He has been determined to be an “audit committee financial expert” under the SEC’s rules and regulations by our Board. Mr. Wells currently serves as the Chairman of the Company’s Compensation Committee, and as a member of the Company’s Corporate Governance and Nominations Committee and the Audit Committee. He has served as a director of the Company since 2001.

Basic Compensation

Name Fiscal Year Total

Paul Hassler

257,999

Andrew Nemeth

4,226,430

Todd Cleveland

3,403,080

Joshua Boone

539,735

Kip Ellis

--

Courtney Blosser

1,104,410

Jeffrey Rodino

2,577,270

Joseph Cerulli

128,003

John Forbes

132,003

Michael Kitson

132,003

M. Scott Welch

128,003

Walter Wells

132,003
As Of  30 Dec 2016