secwatch.observer — SEC 8-K summary
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Issuer:     Champion Homes, Inc. (SKY)
CIK:        0000090896
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000950170-23-054135
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/0000950170-23-054135-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/90896/000095017023054135/sky-20231013.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-054135

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