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<SEC-DOCUMENT>0000950152-07-002027.txt : 20070312
<SEC-HEADER>0000950152-07-002027.hdr.sgml : 20070312
<ACCEPTANCE-DATETIME>20070312172649
ACCESSION NUMBER:		0000950152-07-002027
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070312
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070312
DATE AS OF CHANGE:		20070312

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			THOR INDUSTRIES INC
		CENTRAL INDEX KEY:			0000730263
		STANDARD INDUSTRIAL CLASSIFICATION:	MOTOR HOMES [3716]
		IRS NUMBER:				930768752
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09235
		FILM NUMBER:		07688689

	BUSINESS ADDRESS:	
		STREET 1:		419 W PIKE ST
		CITY:			JACKSON CENTER
		STATE:			OH
		ZIP:			45334
		BUSINESS PHONE:		9375966849

	MAIL ADDRESS:	
		STREET 1:		419 W PIKE STREET
		CITY:			JACKSON CENTER
		STATE:			OH
		ZIP:			45334
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>l25190ae8vk.htm
<DESCRIPTION>THOR INDUSTRIES, INC.   8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Thor Industries, Inc.   8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8&#151;K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Pursuant to Section&nbsp;13 or 15 (d)&nbsp;of the<BR>
Securities Exchange Act of 1934</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Date of Report (Date of Earliest Event Reported): March&nbsp;12, 2007
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Thor Industries, Inc.</B>
</DIV>


<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B><BR>
(State or Other Jurisdiction of<br>
Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>001-09235</B><BR>
(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>93-0768752</B><BR>
(IRS Employer<br>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>419 West Pike Street,<br>
Jackson Center, Ohio<br></B>
(Address of Principal Executive Offices)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B><br>
45334-0629<br></B>
(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">Registrant&#146;s telephone number, including area code: (<B>937) 596-6849</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>N/A</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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:
</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</DIV>


<DIV align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt; margin-top: 6pt"><FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>






<P align="center" style="font-size: 10pt"><!-- Folio -->1<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;5.02</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;12, 2007, Thor Industries, Inc. (the &#147;Company&#148;) issued a press release announcing
that the Board of Directors of the Company has appointed H. Coleman Davis, III as the Company&#146;s
Chief Operating Officer. As the Company&#146;s Chief Operating Officer, all of the Company&#146;s operating
divisions will report to Mr.&nbsp;Davis. Wade F. B. Thompson continues as the Company&#146;s Chairman,
President and Chief Executive Officer, but will relinquish some of his day to day operating
responsibilities to Mr.&nbsp;Davis while Mr.&nbsp;Thompson undergoes medical treatment for cancer.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Davis, 58, was appointed to the Company&#146;s Board of Directors in January&nbsp;2004 and is the
founder of Keystone RV Company (&#147;Keystone&#148;) and served as its Chief Executive Officer and Chairman
during its five year history prior to the Company&#146;s acquisition of Keystone in November&nbsp;2001. Mr.
Davis continues to serve as Chairman of Keystone.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of the Company&#146;s press release is attached hereto as Exhibit&nbsp;99.1 and is incorporated
by reference herein.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;8.01</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Other Events.</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On March&nbsp;12, 2007, the Company issued a press release announcing that the Company is not able
to timely file its quarterly report on Form 10-Q for the period ended January&nbsp;31, 2007 and
providing an update on the internal investigation of the Audit Committee of the Board of Directors
which was announced on January&nbsp;29, 2007. A copy of the Company&#146;s press release is attached hereto
as Exhibit&nbsp;99.1 and is incorporated by reference herein.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B>Item&nbsp;9.01</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Financial Statements and Exhibits.</B></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;<I>Exhibits</I>
</DIV>
<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><U>Exhibit Number</U></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><U>Description</U></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Copy of press release, dated March&nbsp;12, 2007, issued by the<br>
Company.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>
<P align="center" style="font-size: 10pt"><!-- Folio -->2<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="margin-top: 6pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>Thor Industries, Inc.<br><BR></B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: March 12, 2007&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Walter Bennett
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Walter Bennett&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Executive Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt"><!-- Folio -->3<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXHIBIT INDEX</B>
</DIV>

<DIV align="right">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="95%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="93%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><U>Exhibit Number</U></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left"><U>Description</U></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Copy of press release, dated March&nbsp;12, 2007, issued by the<br>
Company.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->4<!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>l25190aexv99w1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>EX-99.1</TITLE>
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<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><B>Exhibit&nbsp;99.1</B>
</DIV>
<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><IMG src="l25190al2519090.jpg">
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 8pt"><FONT style="font-size:9pt">419 WEST PIKE STREET <B>&#149;</B> P.O. BOX 629 <B>&#149;</B> JACKSON CENTER, OHIO 45334-0629</FONT><BR>
<FONT style="font-size:9pt">PHONE 937-596-6849 <B>&#149;</B> FAX 937-596-6539</FONT>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><FONT style="font-size:22pt"><B><U>N E W S &nbsp;&nbsp;R E L E A S E</U></B></FONT>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: <BR>
Contact:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">March&nbsp;12, 2007<BR>
Peter B. Orthwein</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>DAVIS APPOINTED CHIEF OPERATING OFFICER</B></U><B>;</B><BR>
<U><B>GEOFFREY A, THOMPSON ELECTED LEAD DIRECTOR;</B></U><BR>
<U><B>QUARTERLY REPORT DELAYED DUE TO ONGOING INTERNAL INVESTIGATION.</B></U>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thor Industries, Inc. (NYSE: THO), announced today that its Board of Directors has appointed H.
Coleman Davis, III as the company&#146;s Chief Operating Officer. Mr.&nbsp;Davis is the founder of Keystone
RV Company and continues as its Chairman. Keystone, acquired by Thor in November&nbsp;2001, is Thor&#146;s
largest subsidiary and a leading company in the RV industry. As Thor&#146;s Chief Operating Officer,
all of Thor&#146;s operating divisions will report to Mr.&nbsp;Davis. In this role, he will utilize his
highly successful operating and strategic experience to benefit all Thor&#146;s divisions. Mr.&nbsp;Davis
will continue to serve on the Board of Directors of Thor Industries, Inc.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Wade F. B. Thompson continues as Thor&#146;s Chairman, President, and Chief Executive Officer, but will
relinquish some of his day to day operating responsibilities to Mr.&nbsp;Davis while Mr.&nbsp;Thompson
undergoes medical treatment for cancer. Peter B. Orthwein continues in his role as Vice Chairman
of Thor.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">In addition, the Board of Directors elected director Geoffrey A. Thompson to serve as Lead
Director. Mr.&nbsp;Thompson, who is not related to Wade Thompson, has agreed to provide assistance to
management, as needed, while Wade Thompson undergoes medical treatment.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Geoffrey Thompson has worked in the private equity business since 1998, first as a principal at
Kohlberg &#038; Company and subsequently at Palisades Advisors, LLC. He retired as Chief Executive
Officer of Marine Midland Banks, Inc. in 1992. He has served in various roles on the boards of
seven public companies, as well as numerous private companies and not-for-profit organizations.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Delay of Quarterly Report on Form&nbsp;10-Q</B><BR>
Thor is not able to timely file its quarterly report on Form 10-Q for the period ended January&nbsp;31,
2007 by the prescribed due date of March&nbsp;12, 2007 because the Audit Committee has not completed its
investigation. Thor is filing today its report on Form 12b-25 regarding this delay. Thor intends
to file its Form 10-Q as soon as reasonably practicable after the Audit Committee&#146;s investigation
has concluded on the relevant issues.
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On January&nbsp;29, 2007, Thor issued a press release announcing that the Audit Committee of the Board
of Directors has initiated an internal investigation regarding certain accounting issues at its
Dutchmen Manufacturing, Inc. operating subsidiary, primarily involving inventory, accounts
receivable, accounts payable, and cost of goods sold. As previously reported, Thor voluntarily
informed the SEC of the Audit Committee&#146;s internal investigation, and has been responding to SEC
staff requests for additional information.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Audit Committee&#146;s investigation is continuing. As a result of the investigation, the Company
may be required to restate its financial statements for fiscal year 2006 and the first quarter of
2007, as well as for certain periods still to be determined. The Company has not yet determined
whether it will be required to restate any financial statements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Consistent with Thor&#146;s January&nbsp;29, 2007 press release, based on the information Thor has learned to
date, Thor currently estimates that the cumulative effect of the issues identified at its Dutchmen
subsidiary would be a reduction to income before taxes of approximately $25&nbsp;million, or
approximately $16&nbsp;million in net income, with the primary impact occurring in fiscal 2006. The
company has determined that these issues also impact the first five months of 2007 and is trying to
determine the impact in periods prior to 2006. However, as the Audit Committee&#146;s investigation is
ongoing, this information is subject to change based upon the final findings of the investigation,
and both the cumulative effect and periods affected could change.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company does not currently intend to update the disclosure provided hereby until the Audit
Committee&#146;s investigation has been substantially completed.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The Company remains in strong financial condition with over $200&nbsp;million in cash and short term
investments, and no long term debt.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Thor is the world&#146;s largest manufacturer of recreation vehicles and a major builder of commercial
buses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><FONT style="font-size:8pt">This release includes &#147;forward looking statements&#148; that involve uncertainties and risks. There
can be no assurance that actual results will not differ from the Company&#146;s expectations. Factors
which could cause materially different results include, among others, the risk that the final
conclusion of the Audit Committee&#146;s investigation could result in a determination that the effect
of the issues under review are materially greater or lesser than the Company currently believes to
be the case; the risk that the investigation could take longer than expected because of
unanticipated issues; the Company&#146;s ability to become current in its filings with the Securities
and Exchange Commission; additional issues that may arise in connection with the Audit Committee&#146;s
ongoing investigation; and other risks and uncertainties discussed more fully in the Company&#146;s SEC
filings, including those discussed under Item&nbsp;1A. &#147;Risk Factors&#148; in the Company&#146;s Form 10-K for the
fiscal year ended July&nbsp;31, 2006, and in the &#147;Management&#146;s Discussion and Analysis of Financial
Condition and Results of Operations&#148; section of the Company&#146;s Form 10-Q for the quarter ended
October&nbsp;31, 2006, which are on file with the Securities and Exchange Commission and may be accessed
at http://www.sec.gov. The Company disclaims any obligation to update or correct any
forward-looking statements made herein due to the occurrence of events after the issuance of this
report, except as required under federal securities laws.</FONT>
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