13G Filing: Tontine Asset Associates, L.L.C. and Skyline Corporation (SKY)

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

CUSIP No. 830830105

13G/A

1

Name of Reporting Person
Tontine Asset Associates, LLC

2

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
-0-

6

Shared Voting Power
1,133,039

7

Sole Dispositive Power
-0-

8

Shared Dispositive Power
1,133,039

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,133,039

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

11

Percent of Class Represented by Amount in Row (9)
13.50%

12

Type of Reporting Person
OO

CUSIP No. 830830105

13G/A

1

Name of Reporting Person
Jeffrey L. Gendell

2

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

3

SEC Use Only

4

Citizenship or Place of Organization
United States

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:

5

Sole Voting Power
-0-

6

Shared Voting Power
1,133,039

7

Sole Dispositive Power
-0-

8

Shared Dispositive Power
1,133,039

9

Aggregate Amount Beneficially Owned by Each Reporting Person
1,133,039

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares o

11

Percent of Class Represented by Amount in Row (9)
13.50%

12

Type of Reporting Person
IN

CUSIP No. 830830105

13G/A

Item 1(a).

Name of Issuer
The name of the issuer is SKYLINE CORPORATION (the Company).

Item 1(b).

Address of Issuers Principal Executive Offices
The Companys principal executive offices are located at P. O. Box 743, 2520 By-Pass Road, Elkhart, Indiana 46515.

Item 2(a).

Name of Person Filing

This statement is filed by:

(i)            Tontine Asset Associates, LLC, a limited liability company organized under the laws of the State of Delaware (TAA), which serves as general partner of Tontine Capital Overseas Master Fund II, L.P. (TCOM II), with respect to the shares of Common Stock directly owned by TCOM II; and

(ii)           Jeffrey L. Gendell, a United States citizen (Mr. Gendell), with respect to the shares of Common Stock owned directly by TCOM II.

The foregoing persons are hereinafter sometimes collectively referred to as the Reporting Persons.  Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.

Item 2(b).

Address of Principal Business Office or, if none, Residence
The address of the business office of each of the Reporting Persons is 1 Sound Shore Drive, Suite 304, Greenwich, CT 06830-7251.

Item 2(c).

Citizenship
See Item 2(a) above.

Item 2(d).

Title of Class of Securities
Common Stock, $.0277 Par Value (the Common Stock).

Item 2(e).

CUSIP Number
830830105

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act;

(b)

o

Bank as defined in section 3(a)(6) of the Act;

(c)

o

Insurance company as defined in section 3(a)(19) of the Act;

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940;

(e)

o

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

(f)

o

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

(g)

o

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act;

(j)

o

A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);

(k)

o

Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:____________________________

Not applicable.

CUSIP No. 830830105

13G/A

Item 4.

Ownership

A.

Tontine Asset Associates, LLC

(a)

Amount beneficially owned:
1,133,039

(b)

Percent of class:
13.50%.  The percentages used herein and in the rest of Item 4 are calculated based upon the 8,391,244 shares of Common Stock issued and outstanding as of April 14, 2017, as set forth in the Companys Form 10-Q for the quarterly period ended February 28, 2017 filed on April 14, 2017.

(c)

(i)

Sole power to vote or direct the vote:
-0-

(ii)

Shared power to vote or direct the vote:
1,133,039

(iii)

Sole power to dispose or direct the disposition:
-0-

(iv)

Shared power to dispose or direct the disposition of:
1,133,039

B.

Jeffrey L. Gendell

(a)

Amount beneficially owned:
1,133,039

(b)

Percent of class:
13.50%

(c)

(i)

Sole power to vote or direct the vote:
-0-

(ii)

Shared power to vote or direct the vote:
1,133,039

(iii)

Sole power to dispose or direct the disposition:
-0-

(iv)

Shared power to dispose or direct the disposition:
1,133,039

Item 5.

Ownership of Five Percent or Less of a Class

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

TAA, the general partner of TCOM II, has the power to direct the affairs of TCOM II, including directing the receipt of dividends from or the proceeds from the sale of such shares.  Mr. Gendell is the Managing Member of TAA and in that capacity directs its operations.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not applicable.

Item 8.

Identification and Classification of Members of the Group

Not applicable.

Item 9.

Notice of Dissolution of Group

Not applicable.

CUSIP No. 830830105

13G/A

Item 10.

Certification

Each of the Reporting Persons hereby makes the following certification:

By signing below each Reporting Person certifies that, to the best of his or its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

DATE: July 24, 2017

/s/ JEFFREY L. GENDELL

Jeffrey L. Gendell, individually, and as managing member of Tontine Asset Associates, LLC for itself and as the general partner of Tontine Capital Overseas Master Fund II, L.P.