Current Report Filing (8-k)
02 March 2017 - 9:09AM
Edgar (US Regulatory)
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) February 27, 2017
SKYLINE CORPORATION
(Exact name of registrant as specified in its charter)
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Indiana
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1-4714
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35-1038277
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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P. O. Box 743, 2520 By-Pass Road Elkhart, IN 46515
(Address of principal executive offices) (Zip Code)
(574) 294-6521
(Registrants 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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under Exchange Act (17 CFR 240.13e-4(c))
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Item 5.02
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Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On February 27, 2017, the Board of Directors of Skyline Corporation (the Corporation) appointed Jeffrey A. Newport to the position of Chief
Operating Officer. Mr. Newport, who is 52 years old, is responsible for overall operations including the areas of manufacturing, procurement, quality, human resources and engineering. Since February 1, 2016, he has served as the
Corporations Senior Vice President of Operations. In the four years prior to Mr. Newport being employed by the Corporation, he served as President of Goldshield Fiberglass, a manufacturer of fiberglass components located in Decatur,
Indiana. Mr. Newports appointment as Chief Operating Officer became effective as of February 27, 2017.
Mr. Newport will receive an
annual base salary of $250,000 and is employed on an at-will basis. In addition, in connection with his appointment on February 27, 2017 the Corporation granted Mr. Newport 6,000 stock options pursuant to the Corporations 2015 Stock
Incentive Plan (2015 SIP). The option grant will be subject to the terms and conditions of an award agreement, which will provide that the options will vest and become exercisable in five equal installments on February 27, 2018,
2019, 2020, 2021, and 2022. The options have an expiration date of February 27, 2027. In addition, Mr. Newport was granted 3,000 shares of restricted stock pursuant to the 2015 SIP. The restricted stock will vest on February 27, 2022.
Other terms and conditions of the awards are described in the 2015 SIP, a copy of which is available as Exhibit 10.2 to the Corporations Quarterly Report on Form 10-Q filed on October 15, 2015. Mr. Newport is eligible to participate
in the Corporations bonus program. Mr. Newport did not enter into an employment agreement or any other compensatory plan, contract, or arrangement in connection with his appointment.
Mr. Newport was not selected as Chief Operating Officer pursuant to any arrangement or understanding between him and any other person. There are no
family relationships between Mr. Newport and any of the Corporations other directors or executive officers. Since the beginning of the Corporations last fiscal year, there has been no transaction or currently proposed transaction in
which the Corporation was or is to be a participant and in which Mr. Newport or any of his immediate family members had or will have a direct or indirect material interest required to be disclosed under Item 404(a) of Regulation S-K.
On March 1, 2017, the Corporation issued a press release announcing the appointment of Mr. Newport as the Corporations Chief Operating
Officer. A copy of the press release is attached as Exhibit 99.1 to this report on Form 8-K and incorporated by reference herein.
Item 9.01
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Financial Statements and Exhibits.
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99.1
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News release of Skyline Corporation dated March 1, 2017
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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.
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SKYLINE CORPORATION
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Date: March 1, 2017
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By:
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/s/ Jon S. Pilarski
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Jon S. Pilarski
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Chief Financial Officer
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Index to Exhibits
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99.1
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News release of Skyline Corporation dated March 1, 2017
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