Every material Form 8-K Champion Homes filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Champion Homes appointed David A. McKinstray as Executive Vice President, Chief Financial Officer and Treasurer, effective January 12, 2026, succeeding Laurie Hough, who is retiring after more than 20 years with the company. Ms. Hough will stay through May 31, 2026, to support the transition, and the filing details pay and severance terms for both executives.
McKinstray, 41, was CFO of WK Kellogg Co from October 2023 to October 2025.
McKinstray's employment agreement sets a $600,000 base salary and a target bonus of 125% of base salary, plus a $650,000 sign-on restricted stock unit award.
Hough will receive $556,000 in severance, equal to twelve months of base salary, under her transition agreement.
Hough served as CFO for the past nine years, according to CEO Tim Larson.
Champion Homes said Chair and director Eddie Capel resigned from the board on November 10, 2025, effective immediately. The company said the resignation was not due to any disagreement over operations, policies, or practices, and the board reduced its size to seven directors.
Eddie Capel resigned as Chair and board member on November 10, 2025, effective immediately
Resignation was not due to any disagreement with the company or its management
Champion Homes reported fiscal second-quarter results for the period ended September 27, 2025, with net sales up 11.0% to $684.4 million and net income attributable to the company up 6.3% to $58.2 million. The board also refreshed the share repurchase authorization to $150 million on October 30, 2025, after $50 million of stock was repurchased during the quarter.
Net sales rose 11.0% to $684.4 million; U.S. homes sold rose 3.4% to 6,575
Net income attributable to Champion Homes rose 6.3% to $58.2 million; diluted EPS rose 9.6% to $1.03
SG&A increased to $113.1 million from $99.7 million, partly offset by a $3.7 million gain on sale of an idle facility
Board refreshed the repurchase authorization to $150 million on October 30, 2025
On August 14, 2025, Champion Homes' Compensation Committee approved one-time restricted stock unit awards under its 2018 Equity Incentive Plan for senior management, which the company says is intended to ensure business continuity and stability in a challenging market environment. The filing names target award values for four executives, and the awards vest in one-third increments over three years, so they tie executive pay to continued service.
Awards approved August 14, 2025 under the 2018 Equity Incentive Plan, described as one-time special awards
Target values: Laurie Hough (CFO) $1,750,000; Wade Lyall (EVP, Sales and Business Development) $1,500,000
Joseph Kimmell (EVP, Operations) $1,000,000; Laurel Krueger (SVP, General Counsel and Secretary) $1,000,000
Awards vest in one-third increments on each of the first three anniversaries of the grant date
Champion Homes reported first-quarter fiscal 2026 results for the quarter ended June 28, 2025, with net sales up 11.7% to $701.3 million and net income up 41.3% to $64.7 million. The company also said its board raised the share repurchase authorization by up to $50.0 million on July 24, 2025, and that it repurchased $50.0 million of stock in the quarter.
Net sales rose 11.7% to $701.3 million; U.S. homes sold rose 6.5% to 6,965
Net income rose 41.3% to $64.7 million; diluted EPS was $1.13 versus $0.79 a year earlier
Backlog fell 11.9% to $302.5 million from the fourth quarter of fiscal 2025
Board refreshed the buyback authorization to $150 million on July 24, 2025; cash and equivalents were $605.3 million at June 28, 2025
Champion Homes and its subsidiary Champion Home Builders entered a Second Amended and Restated Credit Agreement with Wells Fargo Bank as administrative agent, dated July 28, 2025. The agreement replaces the company's existing 2021 credit agreement and provides a $200 million revolving credit facility, with the maturity extended from July 2026 to July 2030. The facility is secured by a first priority interest in substantially all assets, and its covenants include a maximum net leverage ratio and a minimum interest coverage ratio.
Facility size: $200 million revolving credit, including a $45 million letter of credit sub-facility
Maturity extended from July 2026 to July 2030 under the agreement dated July 28, 2025
Pricing ranges from Term SOFR plus 1.125% to 1.875%, or the alternate base rate plus 0.125% to 0.875%, depending on net leverage; unused fee of 0.15% to 0.30%
Covenants: maximum net leverage of 3.25 to 1.00 (3.75 to 1.00 after a material acquisition) and minimum interest coverage of 3.00 to 1.00
Champion Homes reported fiscal fourth-quarter results for the period ended March 29, 2025, with net sales up 10.7% to $593.9 million and net income up $33.6 million to $36.3 million. Adjusted EBITDA fell 1.1% to $52.6 million, and the board refreshed the share repurchase authorization to provide for $100 million of potential future repurchases.
Q4 net sales rose 10.7% to $593.9 million; U.S. homes sold rose 5.1% to 5,941.
Q4 diluted EPS was $0.63 versus $0.05 a year earlier, when results included a $34.5 million water intrusion product liability reserve.
Q4 Adjusted EBITDA fell 1.1% to $52.6 million; margin was 8.9% versus 9.9%.
Full-year fiscal 2025 net income was $198.4 million and diluted EPS was $3.42; the company repurchased $20.0 million of stock in Q4.
Champion Homes, Inc. increased its board from seven to eight directors on March 11, 2025, and appointed Mary B. Fedewa as an independent director effective immediately. Her term runs until the 2025 Annual Meeting of Shareholders, and the company says seven of the eight directors are now independent.
Board size increased from seven to eight directors on March 11, 2025.
Mary B. Fedewa, 59, appointed as independent director; term expires at the 2025 Annual Meeting of Shareholders.
Fedewa co-founded STORE Capital and serves as its President and Chief Executive Officer.
Filing states no arrangements or Item 404(a) transactions tied to her appointment.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Champion Homes filing is on SEC EDGAR ↗. 8-K briefs of other companies →