| Lee Posey Founder 1937 – 2008 Larry Keener Chairman & CEO |
April 26, 2011
To the Palm Harbor Board of Directors:
The Cavco/Fleetwood purchase of Palm Harbor Homes, Inc. of Florida was completed on Monday, April 25, 2011.
I have decided to accept a position as President of Palm Harbor Homes, Inc. of Delaware, a subsidiary of Cavco/Fleetwood. Considering this fact, I am resigning my positions as Chairman, CEO, and President of Palm Harbor Homes, Inc. of Florida and all of its affiliates, except Standard Casualty, effective immediately.
I want to thank each of you for your support, guidance and counsel through both the good and difficult times we served together.
Sincerely,
Larry Keener
| 15305 Dallas Parkway, Suite 700, Addison, TX 75001 • Voice: (972) 991-2422 • Fax: (972) 991-5949 www.palmharbor.com |