8-K

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) April 5, 2013

SKYLINE CORPORATION

(Exact name of registrant as specified in its charter)

Indiana	1-4714	35-1038277
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

P. O. Box 743, 2520 By-Pass Road Elkhart, IN	46515
(Address of principal executive offices)	(Zip Code)

(574) 294-6521

(Registrant’s telephone number, including area code)

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 Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 5, 2013, Skyline Corporation issued a news release reporting the financial results of the third fiscal quarter and nine months ended February 28, 2013. A copy of the news release is attached to this Current Report as Exhibit 99.1.

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

On April 3, 2013, at a meeting of the Board of Directors, Thomas G. Deranek announced his retirement from the Board. The remaining members elected Samuel S. Thompson to succeed Mr. Deranek. Mr. Thompson, age 64, served as the Corporation’s General Counsel since 1991. In addition, he was since 1981 until his retirement date of December 31, 2012, a Partner in the law firm of Barnes and Thornburg LLP in Elkhart, Indiana. Mr. Thompson was elected due to his experience with the Corporation, and his knowledge of both the manufactured housing and recreational vehicle industries. Mr. Thompson will be a member of the Audit, Compensation, and Nominating and Governance Committees.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1 News release of Skyline Corporation dated April 5, 2013

SIGNATURE

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

	SKYLINE CORPORATION
Date: April 5, 2013
	By:	/s/ Jon S. Pilarski
		Jon S. Pilarski
		Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated April 5, 2013

EX-99.1

Exhibit 99.1

NEWS RELEASE

Skyline Corporation

2520 By-Pass Road

P.O. Box 743

Elkhart, Indiana 46515-0743

(574) 294-6521

Subject: THIRD QUARTER REPORT Approved by: JON S. PILARSKI

ELKHART, INDIANA — APRIL 5, 2013

SKYLINE REPORTS RESULTS FOR THIRD QUARTER AND FIRST NINE MONTHS

Skyline’s net sales for the third quarter of fiscal year 2013 were $36,986,000 as compared to $36,805,000 in the third quarter of fiscal 2012. For the first nine months of fiscal 2013, net sales were $128,742,000 as compared to $132,385,000 in the first nine months of fiscal 2012.

Net sales for Skyline’s housing segment were $22,114,000 in the third quarter of fiscal 2013 as compared to $19,065,000 in the third quarter of fiscal 2012. For the first nine months of fiscal 2013, net sales were $81,571,000 as compared to $80,368,000 in the first nine months of fiscal 2012.

Net sales for Skyline’s recreational vehicle segment were $14,872,000 in fiscal 2013’s third quarter as compared to $17,740,000 for the third quarter of fiscal 2012. For the first nine months of fiscal 2013, net sales were $47,171,000 as compared to $52,017,000 for the same period a year ago.

Skyline reported a net loss of $5,365,000, or $.64 per share, in the third quarter of fiscal 2013 as compared to a net loss of $7,387,000, or $.88 per share, in the third quarter of fiscal 2012. For the first nine months of fiscal 2013, net loss was $10,558,000, or $1.26 per share, compared to a net loss of $17,654,000, or $2.10 per share, for a year ago. Included in current year’s pretax loss for the first nine months was a $1,411,000 gain on the sale of idle property, plant and equipment. Likewise, prior year’s pretax loss for the first nine months included a $2,500,000 gain on the sale of idle property, plant and equipment.

Skyline continues to maintain a balance sheet with no debt and a significant position of its working capital in cash and U.S. Treasury Bills. This financial strength, along with experienced employees and initiatives to increase revenues and reduce costs, should assist the Corporation in meeting challenges as they occur.

**************

BRINGING AMERICA HOME. BRINGING AMERICA FUN.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(Dollars in thousands, except share and per share data)

	Three Months Ended						Nine Months Ended
	(Unaudited)						(Unaudited)
	February 28,			February 29,			February 28,			February 29,
	2013			2012			2013			2012
Net sales	$	36,986		$	36,805		$	128,742		$	132,385
Loss before income taxes		(5,365	)		(7,387	)		(10,558	)(A)		(17,654	)(B)
Benefit from income taxes		—			—			—			—
Net loss	$	(5,365	)	$	(7,387	)	$	(10,558	)	$	(17,654	)
Basic loss per share	$	(.64	)	$	(.88	)	$	(1.26	)	$	(2.10	)
Number of weighted average common shares outstanding		8,391,244			8,391,244			8,391,244			8,391,244

(A) Includes $1,411 gain on sale of idle property, plant and equipment.

(B) Includes $2,500 gain on sale of idle property, plant and equipment.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED BALANCE SHEETS

(Dollars in thousands)

	(Unaudited)
	February 28,			February 29,
	2013			2012
ASSETS
Cash, restricted cash and temporary cash investments	$	16,258		$	30,744
Accounts receivable		13,714			11,716
Note receivable, current		46			—
Inventories		10,340			9,170
Other current assets		3,183			2,614
Total Current Assets		43,541			54,244
Note receivable, long-term		1,643			—
Property, Plant and Equipment, net		19,039			21,947
Other Assets		6,165			6,019
Total Assets	$	70,388		$	82,210
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	3,560		$	3,093
Accrued liabilities		13,244			13,611
Total Current Liabilities		16,804			16,704
Other Deferred Liabilities		7,978			7,632
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		106,110			118,378
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		45,606			57,874
Total Liabilities and Shareholders’ Equity	$	70,388		$	82,210