Skyline Corp. recently entered into an indemnification agreement with each of the company’s directors.

Elkhart, Ind.-based Skyline reported in a news release that the agreement requires the corporation to “indemnify these individuals to the fullest extent permitted under Indiana law, 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 company said in the statement that foregoing description of the indemnification agreement is not complete and is qualified in its entirety by reference to the full text of the indemnification agreement, which is attached as Exhibit 10 to the current report on Form 8-K filed with the Securities and Exchange Commission (SEC) on Nov. 26.

The longtime builder of recreational vehicles and manufactured homes sold its RV interests to EverGreen Recreational Vehicles LLC in early October and was also targeted in a hostile takeover bid by MH manufacturer Cavco Industries Inc.