LCI Industries filed a Form 8-K on November 10, 2026, disclosing that its Board of Directors unanimously determined a revised unsolicited, non-binding acquisition proposal from Monomoy Capital Partners does not constitute a superior proposal to the pending merger with Patrick Industries, Inc.

Key Highlights

  • Board rejection: LCI Industries' Board of Directors, consulting outside financial and legal advisors, unanimously determined the Revised Monomoy Proposal does not constitute a superior proposal and is not reasonably likely to lead to one.
  • Existing merger agreement: LCI Industries entered into an Agreement and Plan of Merger with Patrick Industries, Inc. on June 30, 2026, providing for a two-step merger structure.
  • Merger structure: The transaction calls for First Merger Sub to merge with and into LCI Industries, followed immediately by LCI Industries merging with and into Second Merger Sub, both wholly owned subsidiaries of Patrick.
  • Proxy statement effective: The Form S-4 registration statement (File No. 333-299100) was declared effective by the SEC on October 19, 2026, and the definitive joint proxy statement/prospectus began mailing to stockholders on or about that date.
  • Supplements filed: Supplements to the definitive joint proxy statement/prospectus were filed on October 30, 2026, November 9, 2026, and November 10, 2026.
  • Press release attached: A press release dated November 10, 2026, announcing the Board's determination is attached as Exhibit 99.1 to the filing.

LCI Industries Board Unanimously Dismisses Monomoy Proposal Amid Patrick Merger Process

LCI Industries (NYSE:LCII), a Delaware corporation headquartered in Elkhart, Indiana and a supplier of components to the recreational vehicle and adjacent industries, disclosed on November 10, 2026, that it received a revised unsolicited, non-binding proposal from Monomoy Capital Partners to acquire all outstanding shares of the company. According to the filing, the Board of Directors, in consultation with its outside financial and legal advisors, "unanimously determined that the Revised Monomoy Proposal does not constitute a superior proposal and is not reasonably likely to lead to a superior proposal."

The filing notes that LCI Industries has an existing Agreement and Plan of Merger with Patrick Industries, Inc., entered into on June 30, 2026. Under that agreement, First Merger Sub, a newly formed Delaware corporation and direct wholly owned subsidiary of Patrick, would merge with and into LCI Industries, with LCI Industries surviving as a direct wholly owned subsidiary of Patrick. That would be followed immediately by a second step in which LCI Industries merges with and into Second Merger Sub, a newly formed Indiana limited liability company and also a direct wholly owned subsidiary of Patrick, with Second Merger Sub surviving as a direct wholly owned subsidiary of Patrick.

The filing also references the joint proxy statement/prospectus process already underway. Patrick filed a registration statement on Form S-4 (File No. 333-299100), which the SEC declared effective on October 19, 2026. The company and Patrick began mailing the definitive joint proxy statement/prospectus to their respective stockholders on or about October 19, 2026. The filing contains forward-looking statements, which the company identifies as subject to risks and uncertainties, including risks related to cost savings, revenue synergies, integration challenges, required stockholder and governmental approvals, and conditions that could affect the combined company.

What Was Disclosed

LCI Industries filed an 8-K on November 10, 2026, reporting that its Board unanimously rejected a revised unsolicited acquisition proposal from Monomoy Capital Partners as not constituting a superior proposal to the pending merger agreement with Patrick Industries, which was signed June 30, 2026.