MHProNews has learned that on November 25, 2014, the Skyline Corporation entered into an Indemnification Agreement with each of the directors of the Corporation.
The Indemnification Agreement requires the Corporation to indemnify these individuals to the fullest extent permitted under Indiana law.
According to a PRNewswire release, such agreements are subject to “certain exceptions, against liability that may arise by reason of their service to the Corporation, and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified.”
The agreement was part of a filing with the Securities and Exchange Commission on November 26, 2014.
Skyline is one of the manufactured and modular industry stocks tracked by the Daily Business News market report, for the Friday market results, click here. ##
(Image credit: Skyline logo)