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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): March 29, 2024

 

 

SKYLINE CHAMPION CORPORATION

(Exact name of Registrant as Specified in Its Charter)

 

 

Indiana

001-04714

35-1038277

(State or Other Jurisdiction
of Incorporation)

(Commission File Number)

(IRS Employer
Identification No.)

 

 

 

 

 

755 West Big Beaver Road, Suite 1000

 

Troy, Michigan

 

48084

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (248) 614-8211

 

 

(Former Name or Former Address, if Changed Since Last Report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class

 

Trading
Symbol(s)

 


Name of each exchange on which registered

Common Stock

 

SKY

 

The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 


Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 29, 2024, the Compensation Committee (the “Committee”) of Skyline Champion Corporation (the “Company”) approved the following increases in compensation for certain officers, effective March 29, 2024:

Base Salary Increases

The Committee approved the following base salary increases:

 

 

Name and Title

 

Former Salary

Base Salary as of

March 29, 2024

Mark Yost, President and Chief Executive Officer

$ 750,000

$ 780,000

Laurie Hough, Executive Vice President, Chief Financial Officer and Treasurer

$ 500,000

$ 537,500

Joseph Kimmell, Executive Vice President, Operations

$ 385,000

$ 410,000

Tim Larson, Chief Growth Officer

$ 400,000

$ 416,000

Wade Lyall, Executive Vice President, Sales and Business Development

$ 385,000

$ 410,000

Timothy Burkhardt, Vice President and Controller

$ 300,000

$ 332,500

 

Short-Term Incentive Cash Compensation

The Committee approved an increase in the annual incentive target percentage of the short term incentive cash compensation for certain officers. Mr. Larson was increased from 80% to 120% and Mr. Burkhardt was increased from 70% to 90%.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

Skyline Champion Corporation

 

 

 

 

Date:

April 4, 2024

By:

/s/ Robert Spence

 

 

 

Robert Spence
Senior Vice President,
General Counsel and Secretary