secwatch.observer — SEC 8-K summary
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Issuer:     Legacy Housing Corp (LEGH)
CIK:        0001436208
Form:       8-K
Filed at:   2022-06-13T23:59:59+00:00
Accession:  0001558370-22-009989
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/0001558370-22-009989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436208/000155837022009989/legh-20220607x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-009989

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