UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 14, 2025, the Compensation Committee of the Board of Directors of Champion Homes, Inc. (the “Company”) approved one-time special equity awards in the form of restricted stock units (the “RSU Awards”) under the Company’s 2018 Equity Incentive Plan (the “Plan”) to certain senior members of the Company’s management team intended to ensure business continuity and stability in a challenging market environment. The target award values of the RSU Awards to the named executive officers were as follows: Laurie Hough, Executive Vice President, Chief Financial Officer and Treasurer: $1,750,000; Wade Lyall, Executive Vice President, Sales and Business Development: $1,500,000; Joseph Kimmell, Executive Vice President, Operations: $1,000,000 and Laurel Krueger, Senior Vice President, General Counsel and Secretary: $1,000,000. The RSU Awards vest in one-third increments on each of the first three anniversaries of the grant date, subject to continued employment or as otherwise provided in the Plan or the applicable form of RSU Award Agreement (as referenced below). The foregoing description of the RSU Awards does not purport to be complete and is qualified in its entirety by reference to the full text of the form of RSU Award Agreement attached to this Current Report on Form 8-K as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description | |
| 10.1 | Form of Restricted Stock Unit Award Agreement | |
| 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. | ||
| By: | /s/ Laurel Krueger | |
| Laurel Krueger | ||
| Senior Vice President, General Counsel and Secretary | ||
Date: August 15, 2025