---
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"
generated_at: "2026-06-25T02:18:17.968629+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-009989
- JSON: https://secwatch.observer/filing/0001558370-22-009989.json
- Plain text: https://secwatch.observer/filing/0001558370-22-009989.txt

## Key facts
- Executive change
  Duncan Bates resigned as Director at Legacy Housing Corp.
  - Action: resigned
  - Role: Director
  source text: Mr. Bates resigned from the Company’s Board effective June 7, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm
- Executive change
  Duncan Bates was appointed as President and Chief Executive Officer at Legacy Housing Corp.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: appointed Duncan Bates as President and Chief Executive Officer ("CEO").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm
- Executive change
  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
  source text: Mr. Bates replaces Kenneth Shipley, who as part of the management reorganization, will remain with the Company as Founder and Executive Vice President.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm
- Executive change
  Francisco J. Coll was appointed as Director at Legacy Housing Corp.
  - Action: appointed
  - Role: Director
  source text: the Company’s Board appointed Francisco J. Coll to fill the vacancy in the Board created by the resignation of Duncan Bates.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm

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