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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): December 01, 2025

    

CHAMPION HOMES, INC.

(Exact name of Registrant as Specified in Its Charter)


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

755 West Big Beaver Road, Suite 1000
Troy, Michigan		48084
(Address of Principal Executive Offices)		(Zip Code)

     Registrant’s Telephone Number, Including Area Code: (248) 614-8211

    

(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.

Chief Financial Officer Succession

On December 1, 2025, the Board of Directors (the “Board”) of Champion Homes, Inc. (the “Company”) appointed David A. McKinstray as Executive Vice President, Chief Financial Officer (“CFO”) and Treasurer of the Company, effective January 12, 2026 (the “Effective Date”), succeeding Laurie Hough.

Mr. McKinstray, age 41, served as Chief Financial Officer of WK Kellogg Co from October 2023 to October 2025. Prior to joining WK Kellogg Co, Mr. McKinstray served as Vice President, Integrated Business Planning of The Kellogg Company (“Kellogg”) beginning in April 2020. Additionally, Mr. McKinstray held multiple finance roles throughout his nearly 15 years at Kellogg, having served as Vice President, Finance, U.S. Commercial & Business Management from January 2019 to April 2020, Vice President, Finance, and Chief Financial Officer of Kellogg’s U.S. snacks business from April 2018 to March 2019 and Vice President, Finance, Corporate Financial Planning & Accounting and Strategy from September 2016 to April 2018. He played a leading role in several strategic initiatives at Kellogg and has significant experience in global roles across risk management, treasury and corporate and financial planning. His roles prior to Kellogg included positions in commodity risk management and trading.

There are no arrangements or understandings between Mr. McKinstray and any other persons pursuant to which Mr. McKinstray was selected as Executive Vice President, CFO and Treasurer of the Company. There are no family relationships between Mr. McKinstray and any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Employment Agreement with Mr. McKinstray

On December 1, 2025, in connection with his appointment as Executive Vice President, CFO and Treasurer, the Company entered into an employment agreement (the “Employment Agreement”) with Mr. McKinstray. Pursuant to the terms of the Employment Agreement, Mr. McKinstray is entitled to receive an annual base salary of $600,000 and an annual cash bonus, with a target and maximum annual bonus opportunity (prorated for the Company’s 2026 fiscal year) equal to 125% and 250% of annual base salary, with the actual annual bonus amount, if any, based on the achievement of certain performance objectives set by the Board. In addition, pursuant to the terms of the Employment Agreement, Mr. McKinstray will be eligible to participate in the Company’s long-term incentive plan (the “Plan”) with, beginning at the start of the Company’s 2027 fiscal year, an annual target long-term incentive award equal to 225% of annual base salary, with the actual amount, if any, determined by the Board based on Mr. McKinstray’s performance against certain performance objectives set by the Board. The Employment Agreement also provides that, as soon as practicable following the Effective Date, and subject to the terms of the Plan and the grant agreement, Mr. McKinstray will be granted a one-time sign-on award of restricted stock units having an aggregate value on the Effective Date of $650,000. The Employment Agreement provides for certain severance payments and other benefits if Mr. McKinstray’s employment with the Company is terminated other than for “cause” or if Mr. McKinstray resigns his employment for “good reason” (as both such terms are defined therein). In each such case, subject to the timely execution and non-revocation of a separation agreement containing a customary release of claims and reaffirming continued compliance with the restrictive covenants set forth in the Employment Agreement, Mr. McKinstray would be entitled to receive base salary and annual bonus (at target) at the rate in effect on the termination date for a period of twelve (12) months following the termination date, contributions to the premium cost of Mr. McKinstray’s continued participation in the Company’s group medical and dental plans, subject to any applicable employee contribution, for a period of twelve (12) months following the termination date, and the prorated amount of any annual bonus awarded in the current year but unpaid on the termination date, with such bonus payable at the same time as bonuses are paid to Company executives generally.

The Employment Agreement contains customary provisions regarding the reimbursement of business and travel expenses, an officers indemnification agreement, protection of confidential information, assignment of intellectual property and non-disparagement, as well as certain restrictive covenants regarding non-competition, non-solicitation of customers and non-solicitation of employees that apply during Mr. McKinstray’s term of employment and for a period of eighteen (18) months after termination of his employment for whatever reason.

Transition Agreement with Laurie Hough

On December 1, 2025, the Company entered into a transition agreement (the “Transition Agreement”) with Ms. Hough. Pursuant to the terms of the Transition Agreement, Ms. Hough will continue to perform services for the Company through May 31, 2026. During the transition period, Ms. Hough will continue to receive her current base salary, and will continue to be eligible to participate in the Company’s annual and long-term incentive programs and all insurance and benefit plans. Subject to the terms and conditions of the Transition Agreement, the Company has agreed to pay Ms. Hough severance pay in the amount of $556,000, representing twelve months of base salary continuation. Vesting of each of Ms. Hough’s equity awards shall continue while she is employed with the Company, subject to the terms of each award agreement and the Plan, and certain of Ms. Hough’s equity awards shall continue to vest following the termination of her services for the Company. The Transition Agreement also includes customary provisions regarding cooperation, confidentiality, non-competition, non-solicitation and non-disparagement and a general release of any potential claims against the Company.

Item 7.01 Regulation FD Disclosure. A copy of the press release announcing the CFO transition is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The press release, and the information set forth therein, is being furnished pursuant to Item 7.01 and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in the filing unless specifically stated so therein. Item 9.01 Financial Statements and Exhibits. 99.1 Press Release issued by Champion Homes, Inc. on December 2, 2025 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.

Date:	December 2, 2025	By:	/s/ Laurel Krueger
			Laurel Krueger Senior Vice President, General Counsel and Secretary

EX-99.1 2 sky-ex99_1.htm EX-99.1 EX-99.1

Exhibit 99.1

Champion Homes Appoints Dave McKinstray as EVP, Chief Financial Officer and Treasurer

TROY, Mich. – December 2, 2025 – Champion Homes, Inc. (NYSE: SKY) (“Champion Homes”) today announced that Dave McKinstray has been appointed Executive Vice President, Chief Financial Officer and Treasurer, effective January 12, 2026. Mr. McKinstray will succeed Laurie Hough, who will be retiring after more than 20 years with the Company. Ms. Hough will remain with the Company through May 31, 2026, to help ensure a smooth transition of the CFO responsibilities.

Mr. McKinstray was selected after a thorough search process. He is a seasoned finance and accounting executive with more than 18 years of experience leading finance organizations and driving major operational initiatives across consumer products and manufacturing businesses. He most recently served as Senior Vice President and Chief Financial Officer at WK Kellogg, where he played key financial and operational roles, including building the financial infrastructure of the newly independent public entity, leading the design and implementation of the company’s multi-year margin enhancement strategy, overseeing core finance functions and directing the transformation of its operations. He also guided the company through its subsequent acquisition by Ferrero. Prior to the spin-off, Mr. McKinstray held senior finance roles at Kellogg Company, including CFO roles at the North America Cereal, U.S. Snacks and U.S. Retail Sales businesses. In those positions, he oversaw capital allocation priorities and corporate development, leading strategic initiatives that included improvements across planning and operations.

“Dave is a dynamic and strategic CFO with a record of delivering in complex environments and partnering closely with business leaders to drive growth and execution,” said Tim Larson, President and Chief Executive Officer of Champion Homes. “He offers a unique combination of strategic insight, operational rigor and consumer focus, and I am confident he is well-suited to help drive Champion Homes’ growth and performance across all our stakeholders.”

Mr. McKinstray said, "Champion Homes has a long and impressive history of delivering much-needed housing solutions, and I am very pleased to join Tim and the rest of the team at such an exciting time in the Company’s evolution and growth trajectory.”

“On behalf of the Board and the entire Champion Homes team, I want to thank Laurie for her more than 20 years of service to the Company, including the past nine as CFO,” continued Mr. Larson. “She has helped build Champion Homes into the industry leader it is today by guiding our finance functions, as well as supporting key portfolio moves including the reverse merger with Skyline and Champion and strategic manufacturing and retail acquisitions. Her hard work and tireless dedication to the Company have helped position us for continued success, and we wish her all the best in her retirement.”

Ms. Hough said, "My time at Champion Homes has been an extraordinary experience. I am proud of what the Company has accomplished and am grateful to have worked alongside so many talented people who are deeply committed to providing affordable housing solutions. I look forward to collaborating with Dave and the leadership team to ensure a thoughtful and seamless transition."

About Champion Homes, Inc.

Champion Homes, Inc. (NYSE: SKY) is a leading producer of factory-built housing in North America and employs approximately 9,000 people. With more than 70 years of homebuilding experience and 46 manufacturing facilities throughout the United States and western Canada, Champion Homes is well positioned with an innovative portfolio of manufactured and modular homes, ADUs, park-models and modular buildings for the single-family, multi-family, and hospitality sectors.

In addition to its core home building business, Champion Homes provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 82 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to the manufactured housing and other industries from several dispatch locations across the United States.

Champion Homes builds homes under some of the most well-known brand names in the factory-built housing industry including Champion Homes, Genesis Homes, Skyline Homes, Regional Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, J. Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, Titan Homes in the U.S. and Moduline and SRI Homes in western Canada.

Forward-Looking Statements

Statements in this press release, including certain statements regarding Champion Homes’ expected future results, are intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by use of words such as "believe," "expect," "future," "anticipate," "intend," "plan," "foresee," "may," "could," "should," "will," "potential," "continue," or other similar words or phrases.

Similarly, statements that describe objectives, plans, or goals also are forward-looking statements. Such forward-looking statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of Champion Homes. We caution readers that a number of important factors could cause actual results to differ materially from those expressed in, implied, or projected by such forward-looking statements. Risks and uncertainties include regional, national and international economic, financial, public health and labor conditions, and the following: supply-related issues, including prices and availability of materials; changes in U.S. trade policies, including tariffs or other trade protection measures; labor-related issues; inflationary pressures in the North American economy; the cyclicality and seasonality of the housing industry and its sensitivity to changes in general economic or other business conditions; demand fluctuations in the housing industry, including as a result of actual or anticipated increases in homeowner borrowing rates; the possible unavailability of additional capital when needed; competition and competitive pressures; changes in consumer preferences for our products or our failure to gauge those preferences; quality problems, including the quality of parts sourced from suppliers and related liability and reputational issues; data security breaches, cybersecurity attacks, and other information technology disruptions; the potential disruption of operations caused by the conversion to new information systems; the extensive regulation affecting the production and sale of factory-built housing and the effects of possible changes in laws with which we must comply; the potential impact of natural disasters on sales and raw material costs; the risks associated with mergers and acquisitions, including integration of operations and information systems; periodic inventory adjustments by, and changes to relationships with, independent retailers; changes in interest and foreign exchange rates; insurance coverage and cost issues; the possibility that all or part of our intangible assets, including goodwill, might become impaired; the possibility that all or part of our investment in ECN Capital Corp. ("ECN") might become impaired; the risks relating to the material weakness, including remediation actions, we previously identified in our internal control over financial reporting; the possibility that our risk management practices may leave us exposed to unidentified or unanticipated risks; the potential disruption to our business caused by public health issues, such as an epidemic or pandemic, and resulting government actions; and other risks set forth in the “Risk Factors” section, the “Legal Proceedings” section, the “Management's Discussion and Analysis of Financial Condition and Results of Operations” section, and other sections, as applicable, in our Annual Reports on Form 10-K, including our Annual Report on Form 10-K for the fiscal year ended March 29, 2025 previously filed with the Securities and Exchange Commission (“SEC”), as well as in our Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K, filed with or furnished to the SEC.

If any of these risks or uncertainties materializes or if any of the assumptions underlying such forward-looking statements proves to be incorrect, then the developments and future events concerning Champion Homes set forth in this press release may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release. We anticipate that subsequent events and developments will cause our expectations and beliefs to change. Champion Homes assumes no obligation to update such forward-looking statements to reflect events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, unless obligated to do so under the federal securities laws.

Investors
Name: Jason Blair
Email: jablair@championhomes.com
Phone: (248) 614-8211