---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-043144"
form_type: "8-K"
ticker: "SKY"
cik: "0000090896"
company_name: "Champion Homes, Inc."
filed_at: "2023-08-17T23:59:59+00:00"
generated_at: "2026-06-11T08:11:02.391262+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Skyline Champion invests C$185M in ECN Capital for ~19.9% stake; forms captive finance company

## Summary
- Investment of C$185M for 33.55M common and 27.45M convertible preferred shares at C$3.04/share.
- Skyline Champion will own ~19.9% of ECN Capital (converted basis) and gains board nomination.
- Captive finance company formed (51% SKY, 49% Triad/ECN) for retail and floorplan financing.
- Mark Yost, Skyline Champion CEO, to join ECN Capital's board at closing.
- Closing expected September 2023, subject to TSX and HSR approvals.

## SEC filing metadata
- accession: 0000950170-23-043144
- form_type: 8-K
- ticker: SKY
- cik: 0000090896
- company_name: Champion Homes, Inc.
- filed_at: 2023-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90896/000095017023043144/0000950170-23-043144-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90896/000095017023043144/sky-20230814.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-043144
- JSON: https://secwatch.observer/filing/0000950170-23-043144.json
- Plain text: https://secwatch.observer/filing/0000950170-23-043144.txt

## Key facts
- Material Agreements
  Champion Homes, Inc. entered into Subscription Agreement with ECN Capital Corp. valued at approximately C$185 million (effective 2023-08-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: ECN Capital Corp.
  - Value: approximately C$185 million
  - Effective: 2023-08-14
  source text: On August 14, 2023, Skyline Champion Corporation, an Indiana corporation (“Skyline Champion”) announced that it had entered into a share subscription agreement (the “Subscription Agreement”) with ECN Capital Corp. (“ECN Capital”), pursuant to which Skyline Champion has agreed to make an approximately C$185 million equity investment in ECN Capital on a private placement basis
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023043144/0000950170-23-043144-index.htm

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