ELKHART, Ind.,
June 14, 2017
/PRNewswire/ -- Skyline Corporation (NYSE MKT: SKY) ("Skyline"
or the "Company") today announced that three long-time members of
the Company's Board of Directors, Jerry
Hammes, William H. Lawson,
and David T. Link, each have
notified the Company of their respective intent to retire from the
Board. Messrs. Hammes and Link will not stand for reelection
to the Board at the Company's upcoming 2017 Annual Meeting of
Shareholders. Mr. Lawson will retire as of July 24, 2017. Their decisions to retire
and not stand for reelection to the Board are not a result of any
disagreement with the Company on any matter relating to the
Company's operations, policies, or practices.
Mr. Hammes, age 85, has served on the Board since 1986, Mr.
Lawson, age 80, has served on the Board since 1973, and Mr. Link,
age 80, has served on the Board since 1994. Each of the
directors currently serves as a member of the Board's Audit,
Nominating and Corporate Governance, and Compensation
Committees.
"On behalf of the Board of Directors and the Company, we thank
Jerry, Bill, and Dave for their long and distinguished service on
the Board and their dedication to Skyline, its shareholders,
employees, and stakeholders, and the Northern Indiana community. We salute
their tireless service to all of Skyline's constituents over their
combined 98 years of service on the Board. Jerry, Bill and
Dave have exemplified Skyline's commitment to integrity in all they
have done," said John C. Firth, the
Chairman of the Board of Skyline. "The Company deeply
appreciates the significant contributions Jerry, Bill, and Dave
have made to the Company, and we wish them well in their future
endeavors."
The Board intends to nominate candidates for election to the
Board at the upcoming 2017 Annual Meeting of Shareholders to fill
the positions resulting from the retirements of Messrs. Hammes,
Lawson, and Link and may appoint a director to fill the unexpired
term of Mr. Lawson.
About Skyline Corporation
Skyline Corporation and its consolidated subsidiaries design,
produce, and market manufactured housing, modular housing, and park
models to independent dealers, developers, campgrounds, and
manufactured housing communities located throughout the United States and Canada. The
Company has eight manufacturing facilities in seven states.
Skyline Corporation was originally incorporated in Indiana in 1959, as successor to a business
founded in 1951, and is one of the largest producers of
manufactured and modular housing in the United States. For
more information, visit www.skylinecorp.com.
Forward-Looking Statements
This release contains certain forward-looking information about
Skyline that is 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 statements that
include, but are not limited to, phrases such as "believe,"
"expect," "future," "anticipate," "intend," "plan," "foresee,"
"may," "should," "will," "estimates," "potential," "continue," or
other similar words or phrases. Similarly, statements that
describe the Company's 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
Skyline. Skyline cautions 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, but are not
limited to: general economic conditions; availability of wholesale
and retail financing; the health of the U.S. housing market as a
whole; federal, state, and local regulations pertaining to the
manufactured housing industry; the cyclical nature of the
manufactured housing industry; general or seasonal weather
conditions affecting sales; potential impact of natural disasters
on sales and raw material costs; potential periodic inventory
adjustments by independent retailers; interest rate levels; the
impact of inflation; the impact of high or rising fuel costs; the
cost of labor and raw materials; competitive pressures on pricing
and promotional costs; the Company's relationships with its
shareholders, customers, and other stakeholders; catastrophic
events impacting insurance costs; the availability of insurance
coverage for various risks to the Company; market demographics; and
management's ability to attract and retain executive officers and
key personnel.
If any of these risks or uncertainties materializes or if any of
the assumptions underlying such forward-looking statements proves
to be incorrect, the developments and future events concerning
Skyline 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 document.
Skyline 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.
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visit:http://www.prnewswire.com/news-releases/skyline-corporation-announces-director-retirements-300473982.html
SOURCE Skyline Corporation