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) July 26, 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 July 26, 2013, Skyline Corporation issued a news release reporting the financial results of the fourth fiscal quarter and year ended May 31, 2013. A copy of the news release is attached to this Current Report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1 News release of Skyline Corporation dated July 26, 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: July 26, 2013
	By:	/s/ Jon S. Pilarski
		Jon S. Pilarski
		Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated July 26, 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:     FOURTH QUARTER REPORT	Approved by:     JON S. PILARSKI

ELKHART, INDIANA — JULY 26, 2013

SKYLINE REPORTS RESULTS FOR FOURTH QUARTER AND YEAR END

Skyline’s net sales for the fourth quarter of fiscal year 2013 were $48,832,000 as compared to $50,461,000 in the fourth quarter of fiscal 2012. For fiscal 2013, net sales were $177,574,000 as compared to $182,846,000 for fiscal 2012.

Net sales for Skyline’s housing segment were $29,533,000 in the fourth quarter of fiscal 2013 as compared to $28,789,000 in the fourth quarter of fiscal 2012. For fiscal 2013, net sales were $111,104,000 as compared to $109,157,000 in fiscal 2012.

Net sales for Skyline’s recreational vehicle segment were $19,299,000 in fiscal 2013’s fourth quarter as compared to $21,672,000 for the fourth quarter of fiscal 2012. For fiscal 2013, net sales were $66,470,000 as compared to $73,689,000 for the same period a year ago.

Skyline reported net income of $45,000, or $.01 per share, in the fourth quarter of fiscal 2013 as compared to a net loss of $1,711,000, or $.21 per share, in the fourth quarter of fiscal 2012. Included in pretax income for the current year’s fourth quarter was a $230,000 gain on the sale of idle property, plant and equipment. Likewise, prior year’s pretax loss for the fourth quarter included a $684,000 gain on the sale of idle property, plant and equipment.

For fiscal 2013, net loss was $10,513,000, or $1.25 per share as compared to a net loss of $19,365,000, or $2.31 per share, for a year ago. Included in current year’s pretax loss was a $1,641,000 gain on the sale of idle property, plant and equipment. Likewise, prior year’s pretax loss included a $3,184,000 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.

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

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(Dollars in thousands, except share and per share data)
	(Unaudited)
	Three Months Ended						Year Ended
	May 31,						May 31,
	2013			2012			2013			2012
Net sales	$	48,832		$	50,461		$	177,574		$	182,846
Income (loss) before income taxes		45	(A)		(1,711	) (B)		(10,513	) (C)		(19,365	) (D)
Benefit from income taxes		—			—			—			—
Net income (loss)	$	45		$	(1,711	)	$	(10,513	)	$	(19,365	)
Basic income (loss) per share	$	.01		$	(.21	)	$	(1.25	)	$	(2.31	)
Number of weighted average common shares outstanding		8,391,244			8,391,244			8,391,244			8,391,244

Includes gain on sale of idle property, plant and equipment: (A) $230 (B) $684 (C) $1,641 (D) $3,184

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED BALANCE SHEETS

(Dollars in thousands)
	May 31,
	2013			2012
ASSETS
Cash, restricted cash and temporary investments	$	16,438		$	29,009
Accounts receivable		13,472			11,199
Note receivable, current		47			—
Inventories		8,732			8,359
Workers’ compensation security deposit		2,597			2,402
Other current assets		351			501
Total Current Assets		41,637			51,470
Note receivable, long-term		1,631			—
Property, Plant and Equipment, net		18,342			21,196
Other Assets		6,317			6,190
Total Assets	$	67,927		$	78,856
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	3,675		$	3,296
Accrued liabilities		10,532			11,385
Total Current Liabilities		14,207			14,681
Other Deferred Liabilities		8,069			8,011
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		106,155			116,668
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		45,651			56,164
Total Liabilities and Shareholders’ Equity	$	67,927		$	78,856