---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-045663"
form_type: "8-K"
ticker: "SKY"
cik: "0000090896"
company_name: "Champion Homes, Inc."
filed_at: "2023-08-31T23:59:59+00:00"
generated_at: "2026-06-11T01:44:14.560657+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Skyline Champion to acquire Regional Homes for ~$428M cash plus up to $55M in earnout and stock

## Summary
- Base purchase price of ~$428M cash, subject to net debt adjustments (assumed debt capped at $130M).
- Earnout of up to $25M based on 50% of EBITDA from certain government contracts through 2026.
- Stock consideration of $30M: $25M to Sellers and $5M to Dana Jenkins, issued as restricted shares with a 6-month holding period and 3-year cliff vesting.
- Closing expected Q4 2023, subject to HSR Act clearance and other customary conditions; termination fee of $9.66M applies.
- Regional Homes is the 4th largest US manufactured-home builder with 43 retail sales centers and 3 plants in Alabama.

## SEC filing metadata
- accession: 0000950170-23-045663
- form_type: 8-K
- ticker: SKY
- cik: 0000090896
- company_name: Champion Homes, Inc.
- filed_at: 2023-08-31T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90896/000095017023045663/0000950170-23-045663-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90896/000095017023045663/sky-20230825.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-045663
- JSON: https://secwatch.observer/filing/0000950170-23-045663.json
- Plain text: https://secwatch.observer/filing/0000950170-23-045663.txt

## Key facts
- Material Agreements
  Champion Homes, Inc. entered into Securities Purchase Agreement with Regional Holdings Corporation, Regional Underwriters, Inc., Heath Jenkins, Dana Jenkins valued at aggregate consideration... cash equal to approximately $428,000,000... plus up to $25,000,000 earnou (effective 2023-08-25).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Regional Holdings Corporation, Regional Underwriters, Inc., Heath Jenkins, Dana Jenkins
  - Value: aggregate consideration... cash equal to approximately $428,000,000... plus up to $25,000,000 earnou
  - Effective: 2023-08-25
  source text: Purchase Agreement On August 25, 2023, Skyline Champion Corporation, an Indiana corporation (“Skyline Champion”), entered into a definitive Securities Purchase Agreement (the “Purchase Agreement”) with Champion Home Builders, Inc., a Delaware corporation and subsidiary of Skyline Champion (“CHB”), Champion Retail Housing, Inc., a Delaware corporation and subsidiary of Skyline Champion (together with CHB, “Buyers”), Regional Holdings Corporation, a Mississippi corporation (“Regional”), Regional Underwriters, Inc., a Saint Kitts and Nevis corporation (“Regional Underwriters”), Heath Jenkins, as beneficial owner of the outstanding equity interests of Regional (collectively, with Regional and the Regional Underwriters, the “Sellers”), Dana Jenkins, as beneficial owner of the outstanding equity interests of Helicon Insurance, LLC, and party thereto solely with respect to the sale of Helicon I
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023045663/0000950170-23-045663-index.htm

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