SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 27, 2021
CAVCO INDUSTRIES INC.
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction|
|3636 North Central Avenue, Suite 1200|
|(Address of principal executive offices, including zip code)|
Registrant's telephone number, including area code: (602) 256-6263
(Former name or former address, if changed from last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
|☐||Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)|
|☐||Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)|
|☐||Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))|
|☐||Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))|
Securities registered pursuant to Section 12(b) of the Act:
|Title of each class||Trading Symbol(s)||Name of each exchange on which registered|
|Common Stock, par value $0.01||CVCO||The Nasdaq Stock Market LLC|
|(Nasdaq Global Select Market)|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Retirement of Charles E. Lott
On April 27, 2021, Mr. Lott informed Cavco Industries, Inc., a Delaware corporation (the "Company"), that he will retire from his current role as President of the Company's subsidiary, Fleetwood Homes, Inc., effective as of July 9, 2021 (the "Retirement Date").
Promotion of Brian R. Cira
On April 27, 2021, the Company's Board of Directors (the "Board") appointed Mr. Cira, age 59, as President, Manufactured Housing effective as of July 10, 2021. In this role, he will lead the strategic development of the Company's manufactured housing operations.
Since September 2019, Mr. Cira has served as a Regional Vice President for the Company. Previously, Mr. Cira served as President of Fairmont Homes, Inc. ("FH") until the Company acquired the assets of FH in 2015.
There are no arrangements or understandings between Mr. Cira and any other person. The Company is not aware of any transaction requiring disclosure under Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission.
A press release announcing Mr. Lott's retirement and Mr. Cira's promotion is attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
|104||Cover Page Interactive Data File (embedded within the Inline XBRL document)|
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
|CAVCO INDUSTRIES, INC.|
|By:||/s/ Mickey R. Dragash|
|Mickey R. Dragash|
Executive Vice President, General Counsel, Corporate Secretary
& Chief Compliance Officer
Date: May 3, 2021