LCI INDUSTRIES

LCI Industries' subsidiary, Lippert Components, Inc., finalized amended and restated employment agreements with Group President Ryan R. Smith and President Jamie M. Schnur, effective June 19, 2026. These agreements clarify severance terms for "Approved Retirement" or death. Notably, Mr. Smith's cash severance multiple was reduced from three times to two times base salary and average bonus, with related payment and restrictive covenant periods shortened from 36 to 24 months.

LCI Industries announced significant leadership transitions, with Jason D. Lippert retiring as President and CEO and resigning from the Board after 32 years. John A. Sirpilla, a long-standing independent director, has been appointed Interim Chief Executive Officer. Additionally, Tracy D. Graham stepped down as Board Chair and member, with Virginia Henkels named as the new Chair. The company's Board will initiate a comprehensive search for a permanent CEO, while Mr. Lippert will serve in an advisory capacity for one year to support the transition, receiving a monthly cash payment and retaining eligibility for certain unvested equity awards. Mr. Sirpilla's compensation package includes an annual base salary of $1,100,000 and a one-time RSU grant of $1,800,000.

LCI Industries held its Annual Meeting of Stockholders on May 12, 2026, where shareholders voted on several key matters. All eight nominated directors were elected to the Board. Stockholders also approved the compensation of named executive officers in a non-binding advisory vote, ratified KPMG LLP as the independent auditors for 2026, and approved the LCI Industries Amended 2018 Omnibus Incentive Plan.

LCI Industries announced that its Board of Directors approved a regular quarterly cash dividend of $1.15 per share of common stock. This dividend is scheduled to be paid on June 12, 2026, to shareholders who are on record as of the close of business on May 29, 2026.

LCI Industries reported strong first-quarter 2026 results with adjusted diluted EPS up 18% to $2.59 and revenue growing 4% to $1.1 billion, despite continued sluggishness in leisure markets. The company's diversification strategy, particularly in European operations and adjacent industries, drove performance, alongside significant operational efficiencies and G&A cost reductions. While RV wholesale shipment expectations for 2026 were lowered, LCI maintained its full-year revenue and operating profit margin guidance, tightening its adjusted EPS outlook.

LCI Industries reported strong first quarter 2026 financial results, with net sales increasing 4% to $1.1 billion and net income rising 27% to $63 million, or $2.53 per diluted share. The company achieved significant margin expansion and earnings growth through diversification, operational excellence, and cost optimization initiatives. LCI Industries also reaffirmed and tightened its full-year 2026 outlook, raising the lower end of its adjusted EPS guidance.

LCI Industries announced the termination of discussions with Patrick Industries regarding a potential merger of equals. The companies were unable to reach mutually agreeable terms, leading to the cessation of talks that were previously confirmed on April 17. LCI Industries also reiterated its upcoming first quarter 2026 financial results release and conference call scheduled for May 5, 2026.

LCI Industries filed an 8-K to disclose that it issued a press release on April 20, 2026. This filing ensures compliance with Regulation FD, making the information contained in the press release publicly available. The specific details of the announcement are referenced in Exhibit 99.1 of the filing.

LCI Industries confirmed it is engaged in ongoing discussions with Patrick Industries, Inc. regarding a potential merger of equals. The company emphasized that there are no assurances these discussions will lead to a transaction or on specific terms. LCI Industries stated it would not provide further comments unless additional disclosure becomes appropriate.