SKY files 8-K: Time‑based RSU grants to four senior executives totaling $5.25M

Rhea-AI Filing Summary

Champion Homes, Inc. granted one-time special equity awards in the form of restricted stock units under its 2018 Equity Incentive Plan to certain senior managers to help ensure business continuity and stability. The named executive officers and their target award values are: Laurie Hough (CFO) $1,750,000; Wade Lyall (EVP, Sales and Business Development) $1,500,000; Joseph Kimmell (EVP, Operations) $1,000,000; and Laurel Krueger (SVP, General Counsel and Secretary) $1,000,000. The RSU Awards vest in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or other Plan/award agreement terms. The full form of the RSU Award Agreement is attached as Exhibit 10.1 to the report.

Positive

• Clear retention intent: RSU Awards are described as intended to ensure business continuity and stability
• Named recipients and target values disclosed: Laurie Hough $1,750,000; Wade Lyall $1,500,000; Joseph Kimmell $1,000,000; Laurel Krueger $1,000,000
• Structured vesting: Awards vest in one-third increments on each of the first three anniversaries of the grant date

Negative

• None.

Insights

Compensation/Corporate Governance Analyst

TL;DR: Company granted graded RSUs to senior executives with multi-year vesting to promote continuity in a challenging market.

The award structure is a one-time, retention-focused grant under the 2018 Equity Incentive Plan with clear target values per named executive officer and a standard three-year graded vesting schedule (one-third annually). The disclosure identifies recipients and dollar targets and references the form RSU Award Agreement filed as an exhibit, which governs detailed terms. For investors, the filing explains the mechanics and magnitude of the grants but does not include grant date, share counts, accounting expense, or performance conditions, which limits assessment of dilution and financial impact.

Senior Compensation Consultant

TL;DR: Grants are retention-focused with time-based vesting; documentation is attached but key financial metrics are not disclosed in-text.

The company explicitly states the targeted award dollar values for four named executives and that vesting occurs in three equal annual installments contingent on continued employment or other Plan terms. The notice references the Plan and an RSU Award Agreement exhibit for full terms. The filing does not state the grant date, number of RSUs, valuation method, or whether awards replace prior awards, so full compensation impact cannot be determined from the text alone.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 14, 2025

CHAMPION HOMES, INC.

(Exact Name of Registrant as Specified in Charter)

Indiana		001-04714		35-1038277
(State or Other Jurisdiction of Incorporation)		(Commission File Number)		(IRS Employer Identification No.)

755 W. Big Beaver Road, Suite 1000

Troy, MI 48084

(Address of Principal Executive Offices) (Zip Code)

(248) 614-8211

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, If Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		SKY		The New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02  Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 14, 2025, the Compensation Committee of the Board of Directors of Champion Homes, Inc. (the “Company”) approved one-time special equity awards in the form of restricted stock units (the “RSU Awards”) under the Company’s 2018 Equity Incentive Plan (the “Plan”) to certain senior members of the Company’s management team intended to ensure business continuity and stability in a challenging market environment. The target award values of the RSU Awards to the named executive officers were as follows: Laurie Hough, Executive Vice President, Chief Financial Officer and Treasurer: $1,750,000; Wade Lyall, Executive Vice President, Sales and Business Development: $1,500,000; Joseph Kimmell, Executive Vice President, Operations: $1,000,000 and Laurel Krueger, Senior Vice President, General Counsel and Secretary: $1,000,000. The RSU Awards vest in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or as otherwise provided in the Plan or the applicable form of RSU Award Agreement (as referenced below). The foregoing description of the RSU Awards does not purport to be complete and is qualified in its entirety by reference to the full text of the form of RSU Award Agreement attached to this Current Report on Form 8-K as Exhibit 10.1.

Item 9.01  Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Form of Restricted Stock Unit Award Agreement
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CHAMPION HOMES, INC.
By:		/s/ Laurel Krueger
		Laurel Krueger
		Senior Vice President, General Counsel and Secretary

Date: August 15, 2025

FAQ

What did Champion Homes (SKY) disclose in this 8-K about executive awards?

The company disclosed one-time special restricted stock unit awards under its 2018 Equity Incentive Plan to certain senior managers, with target dollar values for each named executive.

Who are the named executive officers receiving RSU awards and what are the target amounts?

Laurie Hough $1,750,000; Wade Lyall $1,500,000; Joseph Kimmell $1,000,000; Laurel Krueger $1,000,000 are the named recipients and target award values.

How do the RSU Awards vest according to the filing?

The RSU Awards vest in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or the Plan/award agreement terms.

Where can I find the complete terms of the RSU awards?

The filing states the full text of the form of RSU Award Agreement is attached as Exhibit 10.1 to the Current Report.

Does the filing disclose grant date, share counts, or accounting expense for these awards?

No. The text does not provide grant date, number of RSUs, valuation method, or accounting expense details; it references the award agreement exhibit for full terms.