Item 7.01 Regulation FD Disclosure.
On August 27, 2021, Patterson Companies, Inc. signed a memorandum of
understanding to settle the previously disclosed securities class action
litigation entitled Plymouth County Retirement System v. Patterson Companies,
Inc. and Scott P. Anderson, No. 0:18-cv-000871 MJD/SER pending in the U.S.
District Court for the District of Minnesota. Under the terms of the settlement,
Patterson will pay $63 million to resolve the case. Although Patterson has
agreed to settle this matter, it expressly denies the allegations of the
complaint and all liability. Patterson's insurers have consented to the
settlement and are expected to contribute an aggregate of $35 million to fund
the settlement and to reimburse Patterson for certain costs and expenses of the
litigation. The settlement is subject to court approval of a stipulation of
settlement to be drafted by the parties.
This information is furnished pursuant to Item 7.01 of Form 8-K promulgated by
the Securities and Exchange Commission (the "SEC") and shall not be deemed to be
"filed" with the SEC for the purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the
liabilities of that section, nor shall it be deemed to be incorporated by
reference in any filing under the Securities Act of 1933, as amended, or the
Exchange Act, except as expressly set forth by specific reference in such
filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Cover page Interactive Data File (embedded within the Inline XBRL document).
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