---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-054135"
form_type: "8-K"
ticker: "SKY"
cik: "0000090896"
company_name: "Champion Homes, Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T21:29:01.177674+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Skyline Champion closes acquisition of Regional Homes for ~$313M net cash plus $93M assumed debt

## Summary
- Purchase price approx. $313M net of cash acquired; assumed debt of $93M primarily floor plan liabilities.
- Issued 379,248 shares to Sellers and 75,850 shares to Dana Jenkins, totaling $30M in stock.
- Heath Jenkins appointed President, Retail Operations, effective October 13, 2023.
- Transaction includes earnout provision and customary working capital adjustments.
- Skyline Champion funded the deal with cash on hand and $30M in common stock.

## SEC filing metadata
- accession: 0000950170-23-054135
- form_type: 8-K
- ticker: SKY
- cik: 0000090896
- company_name: Champion Homes, Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/sky-20231013.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-054135
- JSON: https://secwatch.observer/filing/0000950170-23-054135.json
- Plain text: https://secwatch.observer/filing/0000950170-23-054135.txt

## Key facts
- Debt Financings
  Champion Homes, Inc. incurred loan of available credit of $75,000,000 with Regional Enterprises, LLC and Triad Financial Services, Inc..
  - Instrument: loan
  - Principal: available credit of $75,000,000
  - Counterparty: Regional Enterprises, LLC and Triad Financial Services, Inc.
  - Event: incurrence
  source text: CRH became the guarantor under the loan agreement with Regional Enterprises, LLC and Triad Financial Services, Inc., with available credit of $75,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
- Debt Financings
  Champion Homes, Inc. incurred loan of available credit of $45,000,000 with Regional Enterprises, LLC and Northpoint Commercial Finance LLC.
  - Instrument: loan
  - Principal: available credit of $45,000,000
  - Counterparty: Regional Enterprises, LLC and Northpoint Commercial Finance LLC
  - Event: incurrence
  source text: Skyline Champion and CHB became the guarantors under the loan agreement with Regional Enterprises, LLC and Northpoint Commercial Finance LLC, with available credit of $45,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
- Executive change
  Heath Jenkins was appointed as President, Retail Operations at Champion Homes, Inc..
  - Action: appointed
  - Role: President, Retail Operations
  source text: On the Closing Date, the board of directors of Skyline Champion appointed Heath Jenkins as President, Retail Operations, of Skyline Champion, effective as of the Closing Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
- M&A Transactions
  Champion Homes, Inc. completed an acquisition involving Regional Holdings Corporation, Regional Underwriters, Inc., Heath Jenkins, Dana Jenkins for approximately $313,000,000, net of cash acquired, plus assumed debt, primarily related to inventory floor plan liabilities, of $93,000,000 (closed 2023-10-13).
  - Action: acquisition
  - Counterparty: Regional Holdings Corporation, Regional Underwriters, Inc., Heath Jenkins, Dana Jenkins
  - Consideration: approximately $313,000,000, net of cash acquired, plus assumed debt, primarily related to inventory floor plan liabilities, of $93,000,000
  - Closing: 2023-10-13
  source text: being a “Regional Home Company”) from the Sellers and Dana Jenkins (collectively, the “Transaction”). On the Closing Date, Skyline, through Buyers, paid to Sellers approximately $313,000,000, net of cash acquired, plus assumed debt, primarily related to inventory floor plan liabilities, of $93,000,000. In addition, the Company issued 379,248 shares of common stock in
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
- Material Agreements
  Champion Homes, Inc. entered into Release Agreement with the Sellers and Dana Jenkins (effective 2023-10-13).
  - Action: entry
  - Agreement: settlement
  - Counterparty: the Sellers and Dana Jenkins
  - Effective: 2023-10-13
  source text: the Sellers and Dana Jenkins entered into that certain Release Agreement, dated as of October 13, 2023 (the “Release Agreement")
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
- Material Agreements
  Champion Homes, Inc. entered into Amendment No. 1 to Securities Purchase Agreement and Company Disclosure Schedule with Regional Homes sellers and Impact Software, LLC (effective 2023-10-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Regional Homes sellers and Impact Software, LLC
  - Effective: 2023-10-13
  source text: the parties thereto entered into that certain Amendment No. 1 to Securities Purchase Agreement and Company Disclosure Schedule, dated as of October 13, 2023 (the “Purchase Agreement Amendment")
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
- Material Agreements
  Champion Homes, Inc. entered into Restrictive Covenant Agreement with Skyline Champion, Buyers and certain of Sellers’ affiliates (the “Restricted Parties") (effective 2023-10-13).
  - Action: entry
  - Counterparty: Skyline Champion, Buyers and certain of Sellers’ affiliates (the “Restricted Parties")
  - Effective: 2023-10-13
  source text: Skyline Champion, Buyers and certain of Sellers’ affiliates (the “Restricted Parties") entered into that certain Restrictive Covenant Agreement, dated as of October 13, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm

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