---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-042551"
form_type: "8-K"
ticker: "SKY"
cik: "0000090896"
company_name: "Champion Homes, Inc."
filed_at: "2023-08-15T23:59:59+00:00"
generated_at: "2026-06-11T09:51:26.589049+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Skyline Champion to invest C$185M in ECN Capital for ~19.9% stake; to form captive financeco

## Summary
- Skyline Champion (SKY) invests ~C$185M (US$138M) in ECN Capital via 33.55M common shares and 27.45M convertible preferred shares at C$3.04/share.
- Investment represents ~19.9% beneficial ownership (assuming conversion), with a 4% cumulative cash dividend on preferred shares.
- Formation of a captive finance company (51% owned by SKY, 49% by ECN subsidiary Triad) to offer retail finance and floorplan programs for SKY customers.
- Closing expected September 2023, subject to TSX conditional approval and HSR waiting period; shares subject to 2-year lock-up.
- Mark Yost (SKY CEO) to be appointed to ECN Capital's board; Investor Rights Agreement includes nomination rights and standstill.

## SEC filing metadata
- accession: 0000950170-23-042551
- form_type: 8-K
- ticker: SKY
- cik: 0000090896
- company_name: Champion Homes, Inc.
- filed_at: 2023-08-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90896/000095017023042551/0000950170-23-042551-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90896/000095017023042551/sky-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-042551
- JSON: https://secwatch.observer/filing/0000950170-23-042551.json
- Plain text: https://secwatch.observer/filing/0000950170-23-042551.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.