CAVCO INDUSTRIES INC
For the period ended Oct 31, 2024. Filed Oct 31, 2024.
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A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Oct 31, 2024 · Filed Oct 31, 2024
Contents
Item 8.01
On October 29, 2024, the Company's Board of Directors approved a new $100 million stock repurchase program which was also announced in the press release attached as Exhibit 99.1 hereto. The purchases may be made in the open market or one or more privately negotiated transactions in compliance with applicable securities laws and other legal requirements. The actual timing, number and value of shares repurchased under the program will be determined by the Company in its discretion and will depend on a number of factors, including market conditions, applicable legal requirements and other strategic capital needs and opportunities. The program does not obligate Cavco to acquire any particular amount of common stock and may be suspended or discontinued at any time. The Company expects to finance the program from existing cash resources.
Item 9.01. Financial Statements and Exhibits
| Exhibit Number | Description |
| 99.1 | Press Release dated October 31, 2024 |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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