Skyline Corporation (NYSEMKT:SKY) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On June8, 2017, William H. Lawson notified the Board of Directors
(the Board) of Skyline Corporation (the
Company) of his intent to retire from the Board
as of July24, 2017. On June12, 2017 and June13, 2017,
respectively, Jerry Hammes and David T. Link each notified the
Board of their respective intent to retire from the Board and not
to stand for reelection as a director of the Company upon the
expiration of their current terms, which expire at the Companys
upcoming 2017 Annual Meeting of Shareholders scheduled for later
this year. Messrs. Hammes, Lawsons, and Links decisions to retire
and not stand for reelection to the Board is not a result of any
disagreement with any of the foregoing directors and the Company
on any matter relating to the Companys operations, policies, or
practices.
Mr.Hammes, age 85, has served on the Board since 1986, Mr.Lawson,
age 80, has served on the Board since 1973, and Mr.Link, age 80,
has served on the Board since 1994. Each of the foregoing
directors currently serves as a member of the Boards Audit,
Nominating and Corporate Governance, and Compensation Committees.
Messrs. Hammes, Lawson, and Link will continue to serve as
directors and as members of the committees of the Board to which
they are currently assigned until their current terms as
directors expire at the 2017 Annual Meeting of Shareholders. The
Company deeply appreciates the significant contributions Messrs.
Hammes, Lawson, and Link have made to the Company over their
combined 98 years of service on the Board, and the Company wishes
them well in their future endeavors.
The Board intends to nominate candidates for election to the
Board at the upcoming 2017 Annual Meeting of Shareholders to fill
the positions resulting from the retirements of Messrs. Hammes,
Lawson, and Link and may appoint a director to fill the unexpired
term of Mr.Lawson.
| Item8.01 | Other Events. |
On June14, 2017, the Company issued a press release announcing
the retirement of Messrs. Hammes, Lawson, and Link from the
Board, a copy of which is attached as Exhibit 99.1 to this
Current Report on Form 8-K and incorporated by reference herein.
| Item9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
The following exhibit is being furnished with this Current Report
on Form 8-K.
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Exhibit No. |
Description |
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| 99.1 | Press Release dated June14, 2017. |
About Skyline Corporation (NYSEMKT:SKY)
Skyline Corporation designs, produces and markets manufactured housing, modular housing and park models to independent dealers and manufactured housing communities located throughout the United States and Canada. As of May 31, 2016, the Company sold 3,217 manufactured homes, 360 modular homes and 337 park models. Its housing products are marketed under a number of trademarks. They are available in lengths ranging from 30 feet to 76 feet and in singlewide widths from 12 feet to 18 feet, doublewide widths from 18 feet to 32 feet, and triplewide widths from 36 feet to 46 feet. As of May 31, 2016, the area of a singlewide ranges from approximately 400 to 1,200 square feet, a doublewide from approximately 700 to 2,400 square feet, and a triplewide from approximately 1,600 to 2,900 square feet. The Company’s Modular homes are built according to state, provincial or local building codes. Park models are marketed under the Shore Park trademark.
