8-K filed June 13, 2022, 7:59 PM ET ticker LEGH CIK 0001436208

leadership confidence high sentiment neutral materiality 0.65

Legacy Housing appoints Duncan Bates as President and CEO; founder Shipley becomes EVP

Legacy Housing Corp

Duncan Bates appointed President and CEO effective June 7, 2022; replaces Kenneth Shipley who becomes Founder and EVP and remains on board.
Bates receives $300,000 base salary, 14,700 restricted shares (vest 50% per year), and options for 900,000 shares at $36 and $48 per share (vest 1/10 annually).
Francisco Coll appointed independent director to fill Bates' board seat; will serve on Audit Committee.
Bates previously SVP M&A at Arcosa (16 acquisitions, 2 divestitures in 3.5 years); brings capital allocation experience.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Duncan Bates

Director

LEGH · Legacy Housing Corp

Effective: 2022-06-07
Successor: Francisco J. Coll
Filed: June 13, 2022, 7:59 PM ET

Mr. Bates resigned from the Company’s Board effective June 7, 2022.

Appointed

Duncan Bates

President and Chief Executive Officer

LEGH · Legacy Housing Corp

Effective: 2022-06-07
Filed: June 13, 2022, 7:59 PM ET

appointed Duncan Bates as President and Chief Executive Officer ("CEO").

Role change

Kenneth Shipley

Founder and Executive Vice President

LEGH · Legacy Housing Corp

Effective: 2022-06-07
Successor: Duncan Bates
Filed: June 13, 2022, 7:59 PM ET

Mr. Bates replaces Kenneth Shipley, who as part of the management reorganization, will remain with the Company as Founder and Executive Vice President.

Appointed

Francisco J. Coll

Director

LEGH · Legacy Housing Corp

Effective: 2022-06-07
Filed: June 13, 2022, 7:59 PM ET

the Company’s Board appointed Francisco J. Coll to fill the vacancy in the Board created by the resignation of Duncan Bates.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Duncan Bates resigned as Director at Legacy Housing Corp.

Action: resigned
Role: Director

Exact text from the filing

Mr. Bates resigned from the Company’s Board effective June 7, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Duncan Bates was appointed as President and Chief Executive Officer at Legacy Housing Corp.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

appointed Duncan Bates as President and Chief Executive Officer ("CEO").

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kenneth Shipley changed role as Founder and Executive Vice President at Legacy Housing Corp.

Action: remains with the Company as Founder and Executive Vice President
Role: Founder and Executive Vice President

Exact text from the filing

Mr. Bates replaces Kenneth Shipley, who as part of the management reorganization, will remain with the Company as Founder and Executive Vice President.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Francisco J. Coll was appointed as Director at Legacy Housing Corp.

Action: appointed
Role: Director

Exact text from the filing

the Company’s Board appointed Francisco J. Coll to fill the vacancy in the Board created by the resignation of Duncan Bates.

View on SEC.gov

Legacy Housing Corp filing history →

Source: SEC EDGAR

accession 0001558370-22-009989

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