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 14, 2016

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 14, 2016, Skyline Corporation issued a news release reporting its financial results for the third quarter and first nine months of fiscal 2016 which ended on February 29, 2016. 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 April 14, 2016

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 14, 2016
	By:	/s/ Jon S. Pilarski
		Jon S. Pilarski
		Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated April 14, 2016

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 14, 2016

SKYLINE REPORTS RESULTS FOR FISCAL 2016 THIRD QUARTER AND FIRST NINE MONTHS

In the third quarter of fiscal 2016, Skyline Corporation (NYSE MKT: SKY) (“Skyline” or the “Corporation”) reported the following results:

• Net sales from continuing operations of $47,697,000, an increase of 25% over net sales of $38,109,000 from continuing operations in the year ago quarter.

• Net loss from continuing operations of $514,000 as compared to a net loss of $2,911,000 from continuing operations in the third quarter of fiscal 2015.

• Net loss from discontinued operations of $6,000 as compared to a net loss of $86,000 from discontinued operations in the third quarter of fiscal 2015.

• Net loss of $520,000 or $0.06 per share as compared to a net loss of $2,997,000 or $0.36 per share in the third quarter of fiscal 2015.

In the first nine months of fiscal 2016, the Corporation reported the following results:

• Net sales from continuing operations of $155,123,000, an increase of 13% over net sales of $137,380,000 from continuing operations in the year ago quarter.

• Net income from continuing operations of $339,000 as compared to a net loss of $4,039,000 from continuing operations in the first nine months of fiscal 2015.

• Net income from discontinued operations of $13,000 as compared to a net loss of $6,175,000 from discontinued operations in the first nine months of fiscal 2015.

• Net income of $352,000 or $0.04 per share as compared to a net loss of $10,214,000 or $1.22 per share in the first nine months of fiscal 2015.

BRINGING AMERICA HOME. BRINGING AMERICA FUN.

	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

Commenting on this quarter’s results, President and Chief Executive Officer Richard Florea said, “Our quarterly results represent a significant improvement over the prior year’s third quarter performance. We are pleased, but not yet satisfied, with the progress we have made in our operational improvement initiatives. Our top line continues to improve and we saw sales growth both with our community partners and our independent retailers.”

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
	February 29,			February 28,			February 29,		February 28,
	(Unaudited)						(Unaudited)
	2016			2015			2016		2015
Net sales from continuing operations	$	47,697		$	38,109		$	155,123	$	137,380
(Loss) income from continuing operations, net of taxes		(514	)		(2,911	)		339		(4,039	)
(Loss) income from discontinued operations, net of taxes		(6	)		(86	)		13		(6,175	)
Net (loss) income	$	(520	)	$	(2,997	)	$	352	$	(10,214	)
Basic (loss) income per share	$	(.06	)	$	(.36	)	$	.04	$	(1.22	)
Number of weighted average common shares outstanding		8,391,244			8,391,244			8,391,244		8,391,244

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES

CONSOLIDATED CONDENSED BALANCE SHEETS

(Dollars in thousands)

	February 29, 2016			May 31, 2015
ASSETS		(Unaudited)
Cash	$	6,260		$	4,995
Accounts receivable		12,738			15,288
Inventories		10,923			9,119
Workers’ compensation security deposit		1,749			1,732
Other current assets		424			447
Total Current Assets		32,094			31,581
Property, Plant and Equipment, net		11,103			11,569
Other Assets		7,325			7,289
Total Assets	$	50,522		$	50,439
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	2,381		$	3,033
Accrued liabilities		12,575			12,084
Total Current Liabilities		14,956			15,117
Total Non-Current Liabilities		11,784			11,949
Common stock		312			312
Additional paid-in capital		4,985			4,928
Retained earnings		84,229			83,877
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		23,782			23,373
Total Liabilities and Shareholders’ Equity	$	50,522		$	50,439