Item 7.01 Regulation FD Disclosure.
OnMarch 16, 2020 ,Patrick Industries, Inc. ("Patrick" or the "Company") announced the completion of the acquisition ofMaple City Woodworking Corporation ("Maple City"), aGoshen, Indiana -based manufacturer of hardwood cabinet doors and fascia for the recreational vehicle market. The acquisition of Maple City includes the acquisition of working capital, machinery and equipment, and real estate. Patrick will continue to operate Maple City on a stand-alone basis under its brand name in its existing facilities. OnMarch 16, 2020 , the Company issued a press release (the "Press Release") related to the information set forth under item 7.01 of this Report. A copy of the Press Release is furnished herewith as Exhibit 99.1. The information referenced pursuant to item 7.01, "Regulation FD Disclosure," in this Form 8-K, including the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing. Item 8.01 Other Events OnMarch 13, 2020 , the Company's Board of Directors authorized an increase in the amount of the Company's common stock that may be acquired over the next 24 months under the current stock repurchase program to$50.0 million , including the amount remaining under the previous authorization. Share repurchases may be made from time to time in open market transactions at prevailing market prices, or in privately negotiated transactions or otherwise. A copy of the Press Release announcing the increase in the share repurchase authorization is furnished herewith as Exhibit 99.1. Item 9.01 Financial Statements and Exhibits.
(d) Exhibit
Exhibit 99.1 - Press Release issued
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