Champion Homes (NYSE: SKY) adds director with $1.6B M&A history
Rhea-AI Filing Summary
Champion Homes, Inc. (NYSE: SKY) reported that its Board of Directors increased in size from six to seven members and elected Michael R. Haack, age 53, as a director, effective August 26, 2026, with a term expiring at the 2027 Annual Meeting of Shareholders. The Board determined that he is independent under New York Stock Exchange standards and appointed him to the Compensation Committee. The company expects to enter into its standard indemnification agreement with him, and he will receive standard non-employee director compensation. Separately, effective August 26, 2026, Mary Fedewa was designated Chair of the Audit Committee and ceased serving on the Compensation Committee. A press release announcing Mr. Haack’s appointment highlights his experience as President and CEO of Eagle Materials Inc. and his background leading large manufacturing organizations and M&A activity.
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Filing Explained
The expanded board is seven directors, six independent, with no election-related arrangements or reportable related-party transactions disclosed.
The filing reports that Champion Homes now has seven directors, six of them independent, changing the board’s oversight structure.
It also states that no arrangements or understandings supported Michael Haack’s election and that no transactions reportable under Item 404(a) were connected with it.
8-K Event Classification
3 items: 5.02, 8.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Board size after appointment: 7 directors
Independent directors on Board: 6 directors
Age of new director: 53 years
+4 more
7 metrics
Board size after appointment
7 directors
Champion Homes Board now comprises seven directors, six of whom are independent
Independent directors on Board
6 directors
With Michael Haack’s addition, six of seven Champion Homes directors are independent
Age of new director
53 years
Michael R. Haack’s age at the time of his election to the Board
Acquisitions led at Eagle Materials
over $1.6 billion
Acquisition total during Michael Haack’s tenure at Eagle Materials Inc.
Employees
approximately 9,200 people
Champion Homes employment base in North America
Manufacturing facilities
46 manufacturing facilities
Champion Homes manufacturing footprint in the United States and western Canada
Retail locations
95 retail locations
Factory-direct retail business operated by Champion Homes across the United States
Key Terms
Compensation Committee, Audit Committee, indemnification agreement, factory-built housing, +1 more
5 terms
Compensation Committee financial
"Mr. Haack will join the Board’s Compensation Committee."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
Audit Committee financial
"Mary Fedewa was designated Chair of the Audit Committee of the Board"
A company's audit committee is a small group of board members who act like independent inspectors for the firm's finances, overseeing how financial reports are prepared, monitoring internal controls, and managing the relationship with external auditors. Investors care because a strong audit committee reduces the risk of accounting errors, fraud, or misleading statements, making financial statements more trustworthy and helping protect shareholder value.
indemnification agreement regulatory
"enter into the Company’s standard form of indemnification agreement filed as Exhibit 10.6"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
factory-built housing technical
"Champion Homes, Inc. ... is a leading producer of factory-built housing in North America"
Factory-built housing is homes or residential units that are largely constructed in a controlled factory setting and then transported to a site for final assembly or installation. Like buying a pre-assembled appliance instead of building it piece by piece on-site, this method can lower costs, shorten delivery times, and improve quality consistency. Investors watch it because it can change construction economics, influence housing supply and pricing, and affect the profitability and risk profile of developers, builders, lenders and real estate owners.
modular homes technical
"an innovative portfolio of manufactured and modular homes, ADUs, park-models"
Modular homes are complete houses built in controlled factory sections and assembled on site, similar to putting together large, finished Lego pieces to form a finished home. For investors, they matter because this approach can cut construction time and costs, improve quality consistency, and scale production more predictably than traditional building — all factors that affect developers’ margins, project timelines, and the housing supply that influences property values.
FAQ
What board change did Champion Homes (SKY) announce on August 26, 2026?
Champion Homes increased its Board from six to seven directors and elected Michael R. Haack as a new independent director, effective August 26, 2026, with a term expiring at the company’s 2027 Annual Meeting of Shareholders.
Is Michael Haack considered an independent director at Champion Homes (SKY)?
Yes. The Board of Champion Homes determined that Michael Haack is independent in accordance with the listing standards of the New York Stock Exchange and appointed him to serve on the Board’s Compensation Committee.
What committee roles changed at Champion Homes (SKY) effective August 26, 2026?
Effective August 26, 2026, Michael Haack joined the Compensation Committee, and Mary Fedewa was designated Chair of the Audit Committee and ceased to serve on the Compensation Committee.
What relevant experience does new director Michael Haack bring to Champion Homes (SKY)?
Michael Haack is President and CEO of Eagle Materials Inc. and has over two decades of experience running large manufacturing businesses, including leading over $1.6 billion of acquisitions and overseeing global operations and strategy roles at Halliburton.
How large is Champion Homes (SKY) and what are its main operations?
Champion Homes is a leading producer of factory-built housing in North America, employing approximately 9,200 people. It operates 46 manufacturing facilities, a factory-direct retail business with 95 retail locations, and a transportation business, Star Fleet Trucking.
AI-generated analysis. How Rhea-AI works. Not financial advice.
