You can pretty much do anything you want to do with it. A lot of this depends on how large and sturdy your existing shell is though. If your seats or other areas exhibit thin areas of fiberglass structurally, then you may need to add additional support there. But for the most part most - (note the word 'most', doesn't mean 'all'!

) shells made from fiberglass can just stand on their own, with no skirt, nothing, and all they need is something to sit on (the footwell), and some stubs to keep them from tipping over.
Adding GOOD plywood, as in exterior grade is a bit expensive, but it will help to maintain a clean environment underneath, and help to contain your heat. And that's the key - exterior grade.
Here's something I wrote a while back, it might give you some other ideas as well:
http://spasupport.com/support/skirt.html