---
schema_version: "secwatch.filing_event.v1"
accession: "0000278166-21-000034"
form_type: "8-K"
ticker: "CVCO"
cik: "0000278166"
company_name: "CAVCO INDUSTRIES, INC."
filed_at: "2021-07-02T23:59:59+00:00"
generated_at: "2026-06-30T07:44:45.503729+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Cavco approves FY2022 executive comp: salary bumps, STIP/LTIP for CEO and officers

## Summary
- CEO Boor base salary raised $25K to $850K; CAO Bigbee raised $20K to $220K.
- Short-term incentive (STIP) target for Boor set at 120% of base salary; threshold 60%, max 240%.
- Long-term equity: Boor receives 4,500 time-based RSUs and 4,550 PRSUs (target), each grant value ~$957,668.
- PRSUs vest based on relative TSR, market share expansion, and manufacturing labor efficiency over FY2022-2024.
- STIP for other officers (Dragash, Niño, Bigbee) mixes corporate and individual performance measures.

## SEC filing metadata
- accession: 0000278166-21-000034
- form_type: 8-K
- ticker: CVCO
- cik: 0000278166
- company_name: CAVCO INDUSTRIES, INC.
- filed_at: 2021-07-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/278166/000027816621000034/0000278166-21-000034-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/278166/000027816621000034/cvco-20210628.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000278166-21-000034
- JSON: https://secwatch.observer/filing/0000278166-21-000034.json
- Plain text: https://secwatch.observer/filing/0000278166-21-000034.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.