secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2023-08-31T23:59:59+00:00
Accession:  0000950170-23-045663
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017023045663/0000950170-23-045663-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017023045663/sky-20230825.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-045663

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