LCI Industries disclosed in a Form 8-K filed on November 13, 2026, that Lippert Components, Inc., a wholly owned subsidiary, has entered into a transaction bonus agreement with Lillian D. Etzkorn, the Company’s Executive Vice President and Chief Financial Officer.
The agreement recognizes Ms. Etzkorn’s efforts in connection with the previously announced merger with Patrick Industries, Inc. Under the terms of the agreement, she is eligible to receive a total cash bonus of $486,675.
The bonus is structured with a specific vesting schedule:
- 40% of the Bonus: Vests on the date the merger closes, or upon termination of the merger agreement.
- 60% of the Bonus: Vests six months after the closing date, provided the merger closes.
Each portion is payable within five days following the applicable vesting date. The payment of the bonus is contingent upon Ms. Etzkorn’s continued employment with Lippert or its subsidiaries through the vesting dates, as well as her continued compliance with certain restrictive covenants.
The filing notes that if Ms. Etzkorn’s employment is terminated without cause or for good reason prior to the final vesting date, Lippert may, at its sole discretion, provide the full amount of the retention bonus, payable within 60 days of the termination.
