Patrick Industries names Jake Petkovich President – Marine, succeeding Rick Reyenger
Patrick Industries said former CFO Jake Petkovich rejoins the company as President – Marine, effective May 19, 2025, succeeding Rick Reyenger, who moves to a strategic advisory role. The filing discloses Petkovich's employment agreement, including a $500,000 base salary, a 2025 short-term incentive target of $900,000, and equity grants. The change affects leadership of the company's Marine businesses, and the compensation terms are disclosed for shareholders.
Key points
- Effective May 19, 2025, Jake Petkovich becomes President – Marine, succeeding Rick Reyenger, who stays with the company in a strategic advisory role.
- Employment agreement sets an annual base salary of $500,000 and a 2025 short-term incentive target of $900,000.
- Equity grants include 10,257 restricted stock units, options on 42,180 shares at $92.72, and 42,180 stock appreciation rights at exercise prices from $92.72 to $158.05.
- Petkovich was Patrick's Executive Vice President – Finance, CFO and Treasurer from 2020 to 2023, and CFO of Indicor, LLP from 2023 to the present.
The filing
Written by AI on Nov 8, 2026, 6:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.