CAVCO INDUSTRIES INC
For the period ended Mar 30, 2024. Filed May 24, 2024.
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FY2024 · Filed May 24, 2024
CVCO$671.97+5.2%Stored close · as of Nov 9, 2026
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Item 15. Exhibits and Financial Statement Schedules
Financial Statements and Financial Statement Schedules
Financial Statements are listed in the Index to Consolidated Financial Statements on page F-1 of this Annual Report.
All schedules have been omitted because they are not applicable or the required information is included in the Consolidated Financial Statements or Notes thereto.
Exhibits
The documents listed below are being filed or have previously been filed on behalf of the Company and are incorporated herein by reference from the documents indicated and made a part hereof. Exhibits not identified as previously filed are filed herewith.
| ExhibitNumber | Exhibit | Filed/Furnished Herewith orIncorporated by Reference |
| 3.1 | Restated Certificate of Incorporation of Cavco | Exhibit 3.1 to the Annual Report on Form 10-K for the fiscal year ended March 31, 2004 |
| 3.2 | Certificate of Amendment to Restated Certificate of Incorporation of Cavco | Exhibit 3.1 to the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2006 |
| 3.3 | Certificate of Amendment to Restated Certificate of Incorporation of Cavco | Exhibit 3.1 to the Quarterly Report on Form 10-Q for the fiscal quarter ended September 27, 2015 |
| 3.4 | Fourth Amended and Restated Bylaws of Cavco | Exhibit 3.1 to the Quarterly Report on Form 10-Q filed on February 2, 2024 |
| 4.1 | Description of Registrant's Securities registered under Section 12 of the Securities Exchange Act of 1934, as amended. | Exhibit 4.1 to the Annual Report on Form 10-K for the fiscal year ended March 28, 2020 |
| 10.1* | Stock Incentive Plan of Cavco | Exhibit 10.6 to the Registration Statement on Form 10/A (File No. 000-08822) filed by Cavco on May 30, 2003 |
| 10.1.1* | Amendment to the Cavco Industries, Inc. Stock Incentive Plan | Exhibit 10.1 to the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2010 |
| 10.2* | Cavco 2005 Stock Incentive Plan | Exhibit A to the Corporation's Definitive Proxy Statement for its 2005 Annual Meeting of Stockholders filed by the Company with the Securities and Exchange Commission on May 23, 2005 |
| 10.2.1* | First Amendment to Cavco Industries, Inc. 2005 Stock Incentive Plan | Exhibit 10.2 to the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2010 |
| 10.2.2* | Second Amendment to Cavco Industries, Inc. 2005 Stock Incentive Plan | Exhibit 10.1 to the Quarterly Report on Form 10-Q for the fiscal quarter ended September 26, 2015 |
| 10.2.3* | Form of Restricted Stock Award Agreement for Stock Incentive Plan | Exhibit 10.1 to the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2012 |
| 10.2.4* | Form of Stock Option Agreement for Stock Incentive Plan | Exhibit 10.1 to the Quarterly Report on Form 10-Q for the fiscal quarter ended July 2, 2016 |
| 10.2.5* | Form of Stock Option Agreement for Stock Incentive Plan | Exhibit 10.1 to the Current Report on Form 8-K filed on January 8, 2019 |
| 10.2.6* | Form of Cavco Industries, Inc. 2005 Stock Incentive Plan Restricted Stock Unit Agreement for Non-employee Directors | Exhibit 10.2.10 to the Annual Report on Form 10-K for the fiscal year ended March 30, 2019 |
| 10.2.7* | Form of Cavco Industries, Inc. 2005 Stock Incentive Plan Performance-based Restricted Stock Unit Award Agreement (2022) | Exhibit 10.2.7 to the Annual Report on Form 10-K for the fiscal year ended April 2, 2022 |
| 10.2.8* | Form of Cavco Industries, Inc. 2005 Stock Incentive Plan Restricted Stock Unit Agreement for Employees | Exhibit 10.2.8 to the Annual Report on Form 10-K for the fiscal year ended April 1, 2023 |
| 10.2.9* | Form of Cavco Industries, Inc. 2005 Stock Incentive Plan Performance-based Restricted Stock Unit Award Agreement (2023) | Exhibit 10.2.9 to the Annual Report on Form 10-K for the fiscal year ended April 1, 2023 |
| 10.3* | Cavco Industries, Inc. 2023 Omnibus Equity Incentive Plan | Exhibit 10.1 to the Quarterly Report on Form 10-Q filed on November 3, 2023 |
| 10.3.1* | Form of Cavco Industries, Inc. 2023 Omnibus Equity Incentive Plan Restricted Stock Unit Award Agreement | Exhibit 10.1.1 to the Quarterly Report on Form 10-Q filed on November 3, 2023 |
| ExhibitNumber | Exhibit | Filed/Furnished Herewith orIncorporated by Reference |
| 10.3.2* | Form of Cavco Industries, Inc. 2023 Omnibus Equity Incentive Plan Restricted Stock Unit Award Agreement for Section 16 Employees and Above | Exhibit 10.1.2 to the Quarterly Report on Form 10-Q filed on November 3, 2023 |
| 10.3.3* | Form of Cavco Industries, Inc. 2023 Omnibus Equity Incentive Plan Restricted Stock Unit Agreement for Non-Employee Directors | Exhibit 10.1.3 to the Quarterly Report on Form 10-Q filed on November 3, 2023 |
| 10.3.4* | Form of Cavco Industries, Inc. 2023 Omnibus Equity Incentive Plan Performance-based Restricted Stock Unit Award Agreement | Exhibit 10.1.4 to the Quarterly Report on Form 10-Q filed on November 3, 2023 |
| 10.3.5* | Form of Cavco Industries, Inc. 2023 Omnibus Equity Incentive Plan Performance-based Restricted Stock Unit Award Agreement for Section 16 Employees and Above | Exhibit 10.1.5 to the Quarterly Report on Form 10-Q filed on November 3, 2023 |
| 10.3.8* | Form of Officer Indemnification Agreement | Exhibit 10.1 to the Quarterly Report on Form 10-Q filed on February 2, 2024 |
| 10.4* | Employment Agreement, dated as of April 1, 2019, by and between William C. Boor and Cavco Industries, Inc. | Exhibit 10.1 to the Current Report on Form 8-K filed on April 2, 2019 |
| 10.4.1* | Employment Agreement, dated as of April 1, 2019, by and between Mickey R. Dragash and Cavco Industries, Inc. | Exhibit 10.6 to the Current Report on Form 8-K filed on April 2, 2019 |
| 10.4.2* | Release of Claims Agreement, dated March 5, 2024, by and between Mickey R. Dragash and Cavco Industries, Inc. | Filed herewith |
| 10.4.3* | Offer Letter, dated as of January 7, 2020, between the Company and Matthew Niño | Exhibit 10.3.6 to the Annual Report on Form 10-K for the fiscal year ended March 28, 2020 |
| 10.4.4* | Compensatory Arrangements of Allison K. Aden, dated as of August 5, 2021 | Current Report on Form 8-K filed on August 10, 2021 |
| 10.4.5* | Severance Agreement, dated as of November 2, 2021, by and between Allison K. Aden and Cavco Industries, Inc. | Exhibit 10.1 to the Quarterly Report on Form 10-Q for the fiscal quarter ended October 2, 2021 |
| 10.4.6* | Severance Agreement, dated May 20, 2020, by and between Steven K. Like and Cavco Industries, Inc. | Exhibit 10.3.8 to the Annual Report on Form 10-K for the fiscal year ended March 28, 2020 |
| 10.4.7* | Offer Letter, dated as of January 30, 2024, between the Company and Seth Schuknecht | Filed herewith |
| 10.4.9* | Severance Agreement, dated February 13, 2024, by and between Seth Schuknecht and Cavco Industries, Inc. | Filed herewith |
| 10.5* | Executive Officer Incentive Plans for Fiscal Year 2022 | Current Report on Form 8-K filed on July 2, 2021 |
| 10.6* | Form of Indemnification Agreement | Exhibit 10.5 to Current Report on Form 8-K filed on April 2, 2019 |
| 10.7* | Form of Change in Control Agreement | Exhibit 10.2 to the Quarterly Report on Form 10-Q for the fiscal quarter ended October 2, 2021 |
| 10.8 | Asset Purchase Agreement, dated July 23, 2021, by and among Commodore Homes, LLC, The Commodore Corporation, TCC Clarion Limited Partnership, TCC Pennwest, LLC and each of the individual equityholders named therein, and Barry S. Shein, in his capacity as Sellers' representative | Exhibit 10.3 to the Current Report on Form 8-K filed on July 26, 2021 |
| 10.9 | Credit Agreement, dated as of November 22, 2022, among Cavco Industries, Inc., the guarantors party thereto, and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer. | Exhibit 10.1 to the Current Report on Form 8-K filed on November 23, 2022 |
| 14 | Code of Conduct | Filed herewith |
| 19 | Securities Trading Policy, dated October 30, 2023 | Filed herewith |
| 21 | List of Subsidiaries of Cavco | Filed herewith |
| 23 | Consent of RSM US LLP, Independent Registered Public Accounting Firm | Filed herewith |
| 31.1 | Certificate of William C. Boor, President and Chief Executive Officer, pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended | Filed herewith |
| 31.2 | Certificate of Allison K. Aden, Chief Financial Officer, pursuant to Rule 13a-14(a) and Rule 15d-14(a) of the Securities Exchange Act, as amended | Filed herewith |
| ExhibitNumber | Exhibit | Filed/Furnished Herewith orIncorporated by Reference |
| 32.1** | Certifications of Chief Executive Officer and Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 | Furnished herewith |
| 97 | Cavco Industries, Inc., Clawback Policy | Filed herewith |
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| * | Management contract or compensatory plan or arrangement |
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| ** | These certifications are not "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liability of that section. These certifications are not to be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, unless Cavco specifically incorporates them by reference. |
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