Skyline Corp. (NYSE:SKY) of Elkhart, Indiana announced today, according to what yahoo.finance reports, that Scott Parkhurst has been chosen to lead the company’s National Sales Manager division. Now responsible for marketing initiatives and growth for Skyline’s ten operating divisions, he previously worked for the company as a division sales manager, and comes over from a recreational vehicle manufacturer.

“I look forward to returning to the team at Skyline and building upon the progress that is taking place,” he said.

Rich Florea, Skyline’s President and CEO said, “Scott has a great history in our industry and has been a successful leader in developing sales strategies and delivering top line results.”

In financial issues, the company announced alterations to its Loan and Security Agreement with First Business Capital Corp. dated March 20, 2015, which includes “an increase in the capital expenditure limit for the fiscal year ending May 31, 2017 from $800,000 in the aggregate to $1,500,000 in the aggregate. In the absence of any subsequent amendment, the capital expenditure limit for subsequent fiscal years shall remain at $800,000 in the aggregate per fiscal year.”

Skyline designs and builds manufactured and modular housing and park models at its ten manufacturing facilities in nine states. Net sales in 2015 were $186.9 million.

MHProNews includes Skyline in its daily stock report, as shown here for Tue., July 5, 2016. ##

(Image credit: Skyline Corp.)

Article submitted by Matthew J Silver and posted to Daily Business News-MHProNews.