secwatch.observer — SEC 8-K summary
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Issuer:     Legacy Housing Corp (LEGH)
CIK:        0001436208
Form:       8-K
Filed at:   2022-01-06T23:59:59+00:00
Accession:  0001558370-22-000108
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Legacy Housing enters amended employment agreement with Executive Chairman Hodgson through June 2024
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- Base salary of $200,000/year; signing bonus of 150,000 restricted shares (vested upon grant).
- Eligible for annual bonus up to 100% of base salary; equity awards: 175,000 shares if stock hits $36 for 15 consecutive days and another 175,000 if hits $48.
- Term from Jan 1, 2022 to June 16, 2024; includes non-compete and non-solicitation clauses for 1-2 years post-termination.
- Change of control provision: 24 months' compensation if terminated within one year after change of control.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436208/000155837022000108/0001558370-22-000108-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436208/000155837022000108/legh-20220105x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-000108

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