---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-084374"
form_type: "8-K"
ticker: "LEGH"
cik: "0001436208"
company_name: "Legacy Housing Corp"
filed_at: "2024-07-31T23:59:59+00:00"
generated_at: "2026-05-31T14:20:07.229385+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Legacy Housing settles $55M note default; to receive two mobile home parks, new $48M note

## Summary
- Settlement resolves lawsuits over $55M in promissory notes; Makers defaulted on $37M portion in Jan 2024.
- Legacy to receive clear title to Forest Hollow (TX) and Cleveland MHC (MS) mobile home communities.
- Remaining debt refinanced via new two-year, $48M promissory note secured by over 1,000 mobile homes and two LA parks.
- Personal guarantees retained for the New Note; Legacy previously concluded no loan loss provision needed.

## SEC filing metadata
- accession: 0001104659-24-084374
- form_type: 8-K
- ticker: LEGH
- cik: 0001436208
- company_name: Legacy Housing Corp
- filed_at: 2024-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436208/000110465924084374/0001104659-24-084374-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436208/000110465924084374/tm2420591d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-084374
- JSON: https://secwatch.observer/filing/0001104659-24-084374.json
- Plain text: https://secwatch.observer/filing/0001104659-24-084374.txt

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