<SEC-DOCUMENT>0001157523-18-001313.txt : 20180620
<SEC-HEADER>0001157523-18-001313.hdr.sgml : 20180620
<ACCEPTANCE-DATETIME>20180620161520
ACCESSION NUMBER:		0001157523-18-001313
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180620
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180620
DATE AS OF CHANGE:		20180620

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:		18909512

	BUSINESS ADDRESS:	
		STREET 1:		601 E. BEARDSLEY AVENUE
		CITY:			ELKHART
		STATE:			IN
		ZIP:			46514
		BUSINESS PHONE:		(574) 970-7460

	MAIL ADDRESS:	
		STREET 1:		601 E. BEARDSLEY AVENUE
		CITY:			ELKHART
		STATE:			IN
		ZIP:			46514
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51825411.htm
<DESCRIPTION>THOR INDUSTRIES, INC. 8-K
<TEXT>
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    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-size: 18pt; font-family: Times New Roman"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><font style="font-family: Times New Roman; font-size: 10pt"><b>Washington,
      D.C. 20549</b></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>FORM 8&#8211;K</b></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 16pt"><b>CURRENT
      REPORT </b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Pursuant
      to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of earliest event reported): </font><font style="font-family: Times New Roman; font-size: 10pt"><b>June
      20, 2018</b></font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>Thor Industries, Inc.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      name of registrant as specified in its charter)</font><br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; width: 34%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>001-09235</b>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; width: 33%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>93-0768752</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or other<br>jurisdiction of<br>incorporation or<br>organization)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 34%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File<br>Number)
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 33%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (I.R.S Employer<br>Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>601 East Beardsley Avenue</b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Elkhart, Indiana</b>
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; white-space: nowrap; width: 50%; text-align: center; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>46514-3305</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Address of principal executive offices)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; width: 50%; text-align: center">
          (Zip Code)
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman">Registrant&#8217;s
      telephone number, including area code: </font><b>(574) 970-7460</b>
    </p>
    <p style="text-align: center">
      <br>
      <b>N/A</b><br><font style="font-size: 10pt; font-family: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">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:</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
      &#160;&#160;&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <p>

    </p>
    <p>
      <font style="font-size: 10pt; font-family: Arial Unicode MS">&#160;</font>
      <font style="font-size: 10pt; font-family: Times New Roman">Indicate by
      check mark whether the registrant is an emerging growth company as
      defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this
      chapter) or Rule 12b-2 of the Securities Exchange Act of 1934
      (&#167;240.12b-2 of this chapter).&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <p>
      <font style="font-size: 10pt; font-family: Times New Roman">If an
      emerging growth company, indicate by check mark if the registrant has
      elected not to use the extended transition period for complying with any
      new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;&#160;&#160;&#160;&#160;</font><font style="font-size: 10pt; font-family: Arial Unicode MS">&#8414;</font>
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <b>Item 7.01 Regulation FD Disclosure.</b>
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      On June 19, 2018, the Board of Directors of Thor Industries, Inc. (the
      &quot;Company&quot;) authorized Company management to utilize up to $250 million
      to purchase shares of the Company's common stock through June 19, 2020.
    </p>
    <p style="text-indent: 30.0px; text-align: justify">
      Under the share repurchase plan, the Company is authorized to
      repurchase, from time-to-time, outstanding shares of its common stock in
      the open market or in privately negotiated transactions.&#160;&#160;The timing and
      amount of share repurchases will be determined by the Company's
      management team based upon its evaluation of market conditions and other
      factors.&#160;&#160;The share repurchase plan may be suspended, modified or
      discontinued at any time, and the Company has no obligation to
      repurchase any amount of its common stock under the plan.&#160;&#160;The Company
      intends to make all repurchases and to administer the plan in accordance
      with applicable laws and regulatory guidelines, including Rule 10b-18 of
      the Securities Exchange Act of 1934, as amended.
    </p>
    <p style="text-align: justify">
      <b>Item 9.01 Financial Statements and Exhibits.</b>
    </p>
    <p>
      (d) Exhibits
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; width: 12%; text-align: left">
          <b>Exhibit No.</b>
        </td>
        <td style="width: 1%">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; width: 87%; text-align: left">
          <b>Description</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; white-space: nowrap; width: 12%; text-align: left; padding-right: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51825411ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 1%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 87%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51825411ex99_1.htm">Press Release, dated June 20, 2018,
            issued by the Company</a>.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="white-space: nowrap">

    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-size: 10pt; font-family: Times New Roman"><b>SIGNATURES</b></font>
    </p>
    <p style="text-indent: 60.0px; font-size: 10pt">
      <font style="font-size: 10pt; font-family: Times New Roman">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.</font>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 64%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Thor Industries, Inc.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 64%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; width: 64%; text-align: left; padding-bottom: 2.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:&#160;&#160;June 20, 2018
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 6%; text-align: left; padding-bottom: 2.0px">
          By:
        </td>
        <td valign="top" style="border-bottom-style: solid; border-bottom-color: black; padding-left: 0.0px; border-bottom-width: 1.0pt; width: 30%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;/s/ W. Todd Woelfer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 64%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 6%; text-align: left">
          Name:
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 30%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            W. Todd Woelfer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 64%">

        </td>
        <td valign="top" style="padding-left: 0.0px; width: 6%; text-align: left">
          Title:
        </td>
        <td valign="top" style="padding-left: 0.0px; width: 30%; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Senior Vice President, General<br>Counsel and Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51825411ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Thor
      Completes Paying Off Revolving Credit Facility and Announces $250
      Million Share Repurchase Authorization</b></font>
    </p>
    <p>
      ELKHART, Ind.--(BUSINESS WIRE)--June 20, 2018--Thor Industries, Inc.
      (NYSE:THO) today announced that it has paid in full the outstanding
      balance on its revolving credit facility. This facility was initiated in
      association with the funding of the June 2016 acquisition of Jayco. The
      $500 million facility remains available for future borrowings by the
      Company through the facility maturity date of June 30, 2021. The Company
      further announced that its Board of Directors has authorized the
      repurchase of up to $250 million of the Company&#8217;s common stock over the
      next (2) years on the open market or in privately negotiated
      transactions in accordance with applicable securities laws. The
      repurchases, if made, will occur from time to time depending on market
      conditions and other factors.
    </p>
    <p>
      &#8220;The Jayco acquisition has been a great success, delivering significant
      accretive value to our organization and shareholders,&#8221; said Bob Martin,
      Thor President and CEO. &#8220;Our execution, combined with strong earnings
      and cash flows following the acquisition, allowed us to pay off the debt
      in just two years. Further, the RV industry continues to benefit from
      solid economic fundamentals, as well as favorable demographic trends and
      lifestyle changes that are contributing to this growing marketplace.
      These positive factors support our belief that new consumers will
      continue to embrace the RV way of life and provide a pathway to
      continued long-term growth.
    </p>
    <p>
      &#8220;Given the elimination of our debt, our healthy balance sheet, debt
      availability and historically strong cash flow, we now plan to embark on
      the next phase of our capital allocation strategy. We will remain
      primarily focused on driving organic growth in our current businesses
      through investments in prudent capacity additions, technology and
      product innovation. We also intend to continue to seek and fund
      selective, opportunistic and accretive global growth opportunities. Our
      investment criteria for growth opportunities will generally be
      consistent with previous strategic actions taken by the Company,
      including targeting acquisitions with a strong marketplace position,
      successful operations and strong management, which will be accretive to
      earnings and an overall strategic fit with Thor Industries. In addition,
      we believe the Company is well positioned to return value to
      shareholders through both this new share repurchase program and
      dividends. Our capital allocation strategy reflects our confidence in
      Thor&#8217;s current and long-term prospects and further demonstrates our
      ongoing commitment to enhancing shareholder value,&#8221; Martin concluded.
    </p>
    <div style="text-indent: 0pt; margin-left: 0pt; width: 100%; margin-bottom: 10pt; margin-right: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The newly announced share repurchase authorization does not obligate the
      Company to repurchase any dollar amount or number of shares of common
      stock. This authorization is in effect until June 19, 2020, and may be
      suspended or discontinued at any time.
    </p>
    <p>
      <b>About Thor Industries, Inc.</b>
    </p>
    <p>
      Thor is the sole owner of operating subsidiaries that, combined,
      represent the world&#8217;s largest manufacturer of recreational vehicles. For
      more information on the Company and its products, please go to <u>www.thorindustries.com</u>.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      This release includes certain statements that are &#8220;forward looking&#8221;
      statements within the meaning of the U.S. Private Securities Litigation
      Reform Act of 1995, Section 27A of the Securities Act of 1933, as
      amended, and Section 21E of the Securities Exchange Act of 1934, as
      amended. These forward looking statements are made based on management&#8217;s
      current expectations and beliefs regarding future and anticipated
      developments and their effects upon Thor, and inherently involve
      uncertainties and risks. These forward looking statements are not a
      guarantee of future performance. We cannot assure you that actual
      results will not differ from our expectations. Factors which could cause
      materially different results include, among others, raw material and
      commodity price fluctuations, raw material, commodity or chassis supply
      restrictions, the level of warranty claims incurred, legislative,
      regulatory and tax law and/or policy developments including their
      potential impact on our dealers and their retail customers, or on our
      suppliers, the costs of compliance with governmental regulation, legal
      and compliance issues including those that may arise in conjunction with
      recent transactions, lower consumer confidence and the level of
      discretionary consumer spending, interest rate fluctuations, the
      potential impact of interest rate fluctuations on the general economy
      and specifically on our dealers and consumers, restrictive lending
      practices, management changes, the success of new and existing products
      and services, consumer preferences, the pace of obtaining and producing
      at new production facilities, the pace of acquisitions and the
      successful closing and financial impact thereof, the potential loss of
      existing customers of acquisitions, the integration of new acquisitions,
      our ability to retain key management personnel of acquired companies, a
      shortage of necessary personnel for production, the loss or reduction of
      sales to key dealers, the availability of delivery personnel, asset
      impairment charges, cost structure changes, competition, the impact of
      potential losses under repurchase agreements, the potential impact of
      the strength of the U.S. dollar on international demand, general
      economic, market and political conditions, changes to investment and
      capital allocation strategies or other facets of our strategic plan, and
      other risks and uncertainties including those discussed more fully in
      ITEM 1A of our Annual Report on Form 10-K for the year ended July 31,
      2017 and Part II, Item 1A of our quarterly report on Form 10-Q for the
      period ended April 30, 2018.
    </p>
    <p>
      We disclaim any obligation or undertaking to disseminate any updates or
      revisions to any forward looking statements contained in this release or
      to reflect any change in our expectations after the date of this release
      or any change in events, conditions or circumstances on which any
      statement is based, except as required by law.
    </p>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br>Thor Industries, Inc.<br>Bruce Byots, (574) 970-7912<br>Senior
      Director of Investor Relations
    </p>
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