UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 15, 2006
COACHMEN INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
INDIANA | 1-7160 | 31-1101097 |
2831 Dexter Drive, Elkhart, Indiana | 46514 |
(574) 262-0123
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
□ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
□ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
□ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
□ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On March 15, 2006, the Registrant’s subsidiary, All American Homes of Tennessee, LLC, has entered into a Contract for Sale of Real Estate with MMS Investment Group, Inc. Pursuant to the Contract, All American will sell its Robertson County, Tennessee, plant and related personal property to MMS for $5,275,000 in cash.
MMS may terminate the Contract if upon inspection it discovers a defect that materially affects the value of the property for MMS’s intended use. MMS made a $250,000 earnest money deposit toward the purchase price into escrow, a portion of which may be forfeited if MMS does not complete the transaction by June 19, 2006, unless MMS extends the deadline for an additional 31 days by depositing an additional $50,000 into the escrow.
The completion of the sale is subject to certain other customary conditions. The Registrant cannot give assurance that the proposed transaction contemplated by the Contract will close or close on the same terms and conditions as set forth in the Contract.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(a)
Not applicable.
(b)
Not Applicable
(c)
Not Applicable
(d)
Exhibits
2
Contract for Sale of Real Estate between All American Homes of Tennessee, LLC and MMS Investment Group, Inc., with First Addendum and Second Addendum to Contract for Sale of Real Estate.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
COACHMEN INDUSTRIES, INC.
Date: March 21, 2006
By: /s/Kathy Samovitz
Kathy Samovitz, Assistant Secretary