---
schema_version: "secwatch.filing_event.v1"
accession: "0000278166-22-000057"
form_type: "8-K"
ticker: "CVCO"
cik: "0000278166"
company_name: "CAVCO INDUSTRIES, INC."
filed_at: "2022-09-26T23:59:59+00:00"
generated_at: "2026-06-23T07:33:43.410688+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Cavco Industries settles SEC action for $1.5M; court approves consent judgment

## Summary
- District Court approved settlement of SEC action; Cavco pays $1.5M penalty without admitting/denying findings.
- Action stemmed from 2017 securities trading directed by former CEO Stegmayer, yielding ~$265K unrealized gain.
- Consent judgment imposes permanent injunction against future antifraud and internal control violations.
- Settlement resolves all claims against Cavco; former CFO Daniel Urness remains the sole remaining defendant.
- CEO Bill Boor expressed satisfaction with reasonable terms after extended resolution process.

## SEC filing metadata
- accession: 0000278166-22-000057
- form_type: 8-K
- ticker: CVCO
- cik: 0000278166
- company_name: CAVCO INDUSTRIES, INC.
- filed_at: 2022-09-26T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/278166/000027816622000057/0000278166-22-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/278166/000027816622000057/cvco-20220923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000278166-22-000057
- JSON: https://secwatch.observer/filing/0000278166-22-000057.json
- Plain text: https://secwatch.observer/filing/0000278166-22-000057.txt

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