{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-22-009989","form_type":"8-K","ticker":"LEGH","cik":"0001436208","company_name":"Legacy Housing Corp","filed_at":"2022-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:04:00.706566+00:00","generated_at":"2026-06-25T02:18:17.968629+00:00","sec_items":["5.02","9.01"],"event_type":"leadership","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Legacy Housing appoints Duncan Bates as President and CEO; founder Shipley becomes EVP","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-22-009989","json":"https://secwatch.observer/filing/0001558370-22-009989.json","markdown":"https://secwatch.observer/filing/0001558370-22-009989.md","text":"https://secwatch.observer/filing/0001558370-22-009989.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/legh-20220607x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T02:18:17.968629+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5190520e9e","claim":"Duncan Bates resigned as Director at Legacy Housing Corp.","evidence_excerpt":"Mr. Bates resigned from the Company’s Board effective June 7, 2022.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"639f054300","claim":"Duncan Bates was appointed as President and Chief Executive Officer at Legacy Housing Corp.","evidence_excerpt":"appointed Duncan Bates as President and Chief Executive Officer (\"CEO\").","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"President and Chief Executive Officer"}],"fact_type":"executive_change"},{"claim_id":"6f08fb8c4f","claim":"Kenneth Shipley changed role as Founder and Executive Vice President at Legacy Housing Corp.","evidence_excerpt":"Mr. Bates replaces Kenneth Shipley, who as part of the management reorganization, will remain with the Company as Founder and Executive Vice President.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"remains with the Company as Founder and Executive Vice President"},{"label":"Role","value":"Founder and Executive Vice President"}],"fact_type":"executive_change"},{"claim_id":"97ffe50b79","claim":"Francisco J. Coll was appointed as Director at Legacy Housing Corp.","evidence_excerpt":"the Company’s Board appointed Francisco J. Coll to fill the vacancy in the Board created by the resignation of Duncan Bates.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"appointed"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}