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

SKYLINE CHAMPION CORPORATION

(Exact name of Registrant as Specified in Its Charter)

(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:

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

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 1.01 Entry into a Material Definitive Agreement.

On May 18, 2023, Skyline Champion Corporation and Champion Home Builders, Inc. entered into Amendment No. 1 (“the Amendment”) with Wells Fargo Bank, National Association, as Administrative Agent, and the other financial institutions party to the Amended and Restated Credit Agreement dated as of July 7, 2021 (“Existing Credit Agreement”). The Amendment removes references to the London Interbank Offer Rate (“LIBOR”) as defined in the Existing Credit Agreement, and further clarifies the language in the Existing Credit Agreement pertaining to the Secured Overnight Financing Rate (“SOFR”).

A copy of the Amended Credit agreement is filed as exhibit 10.1 to this Current Report on Form 8-K.

Item 8.01 Other Events.

On May 16, 2023, the Board of Directors approved an amendment to the Audit Committee Charter acknowledging the Board’s directive to the Audit Committee to assume oversight of environmental matters, including identifying risks, a sustainability framework, establishing metrics, and measuring performance.

Further, on May 16, 2023, the Board of Directors approved an amendment to the Compensation Committee Charter acknowledging the Board’s directive to the Compensation Committee to assume oversight of social matters relating to employees and the communities in which the Company operates.

Both committees are to report to the Board at least annually regarding their additional respective oversight responsibilities.

Copies of the Audit Committee Charter and Compensation Committee Charter are filed as exhibit 99.1 and 99.2, respectively, to this Current Report on Form 8-K.

Item 9.01 Financial Statements and Exhibits.

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.