UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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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.
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Skyline Champion Corporation |
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Date: |
April 4, 2024 |
By: |
/s/ Robert Spence |
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Robert Spence |