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) October 15, 2014

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 October 15, 2014, Skyline Corporation issued a news release reporting the financial results of the first quarter ended August 31, 2014. 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 October 15, 2014

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: October 15, 2014
	By:	/s/ Jon S. Pilarski
		Jon S. Pilarski
		Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated October 15, 2014

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:     FIRST QUARTER REPORT	Approved by:     JON S. PILARSKI

ELKHART, INDIANA — OCTOBER 15, 2014

SKYLINE REPORTS RESULTS FOR FIRST QUARTER

Skyline’s net sales for the first quarter of fiscal year 2015 were $57,429,000 as compared to $48,994,000 in the first quarter of fiscal 2014.

Net sales for Skyline’s housing segment were $47,740,000 in the first quarter of fiscal 2015 as compared to $36,434,000 in the first quarter of fiscal 2014.

Net sales for Skyline’s recreational vehicle segment were $9,689,000 in fiscal 2015’s first quarter as compared to $12,560,000 in the first quarter of fiscal 2014.

Skyline reported a net loss of $3,773,000 in the first quarter of fiscal 2015 as compared to net loss of $1,379,000 in the first quarter of fiscal 2014. On a per share basis, net loss was $.45 as compared to net loss of $.16 for the same period a year ago.

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BRINGING AMERICA HOME. BRINGING AMERICA FUN.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

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

	Three Months Ended
	August 31, (Unaudited)
	2014			2013
Net sales	$	57,429		$	48,994
Loss before income taxes		(3,773	)		(1,379	)
Benefit from income taxes		—			—
Net loss	$	(3,773	)	$	(1,379	)
Basic loss per share	$	(.45	)	$	(.16	)
Number of weighted average common shares outstanding		8,391,244			8,391,244

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED BALANCE SHEETS

(Dollars in thousands)

	August 31, (Unaudited)
	2014			2013
ASSETS
Cash, restricted cash and temporary cash investments	$	2,995		$	16,732
Accounts receivable		17,172			12,993
Note receivable, current		50			47
Inventories		12,952			9,851
Workers’ compensation security deposit		2,688			2,597
Other current assets		897			464
Total Current Assets		36,754			42,684
Note receivable, long-term		1,568			1,619
Property, Plant and Equipment, net		15,580			17,772
Other Assets		6,560			6,326
Total Assets	$	60,462		$	68,401
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	3,856		$	3,721
Accrued liabilities		12,937			12,536
Total Current Liabilities		16,793			16,257
Long-Term Liabilities		13,655			7,872
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		90,518			104,776
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		30,014			44,272
Total Liabilities and Shareholders’ Equity	$	60,462		$	68,401