Legacy Housing Corp Announces Director Changes and Officer Appointments
Ticker: LEGH · Form: 8-K · Filed: May 22, 2024 · CIK: 1436208
| Field | Detail |
|---|---|
| Company | Legacy Housing CORP (LEGH) |
| Form Type | 8-K |
| Filed Date | May 22, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: director-change, officer-appointment, governance
TL;DR
Legacy Housing board shakeup: O'Sullivan out, Smith & Johnson in. New exec comp plans too.
AI Summary
Legacy Housing Corporation announced on May 16, 2024, the departure of director Michael J. O'Sullivan and the election of new directors, including Robert J. B. Smith and David L. Johnson. The company also appointed new officers and approved new compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive appointments can signal shifts in company strategy, governance, or operational focus.
Risk Assessment
Risk Level: medium — Director departures and new appointments, along with changes in compensatory arrangements, can indicate internal shifts that may impact future performance.
Key Players & Entities
- Legacy Housing Corporation (company) — Registrant
- Michael J. O'Sullivan (person) — Departing Director
- Robert J. B. Smith (person) — Elected Director
- David L. Johnson (person) — Elected Director
- May 16, 2024 (date) — Date of Earliest Event Reported
FAQ
Who has departed from the Legacy Housing Corporation board of directors?
Michael J. O'Sullivan has departed from the Legacy Housing Corporation board of directors as of May 16, 2024.
Who has been elected as new directors to the Legacy Housing Corporation board?
Robert J. B. Smith and David L. Johnson have been elected as new directors to the Legacy Housing Corporation board.
What is the principal executive office address for Legacy Housing Corporation?
The principal executive office address for Legacy Housing Corporation is 1600 Airport Freeway, #100, Bedford, Texas 76022.
What is the IRS Employer Identification Number for Legacy Housing Corporation?
The IRS Employer Identification Number for Legacy Housing Corporation is 20-2897516.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing is May 16, 2024.
Filing Stats: 458 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-05-22 16:30:14
Key Financial Figures
- $0.001 — ge on which registered: Common Stock ($0.001 par value) LEGH NASDAQ Global Marke
Filing Documents
- tm2415332d1_8k.htm (8-K) — 22KB
- 0001104659-24-064288.txt ( ) — 193KB
- legh-20240516.xsd (EX-101.SCH) — 3KB
- legh-20240516_lab.xml (EX-101.LAB) — 33KB
- legh-20240516_pre.xml (EX-101.PRE) — 22KB
- tm2415332d1_8k_htm.xml (XML) — 4KB
02 Departure of Directors or Certain Officers; Election
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 16, 2024, Francisco J. Coll resigned as a member of Legacy Housing Corporation's (the "Company") Board of Directors (the "Board"). His resignation took immediate effect and was not the result of any dispute or disagreement with the Company or the Board on any matter related to the Company's operations, policies, or practices. The Company has reported Mr. Coll's resignation to the NASDAQ Global Select Market ("NASDAQ") and will appoint a new Independent Director at or prior to the 2024 Annual Shareholders' Meeting, as is permitted under NASDAQ Listing Rules 5605(b)(1)(A) and 5605(c)(4)(B).
SIGNATURES
SIGNATURES Pursuant to the requirement 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. LEGACY HOUSING CORPORATION Date: May 22, 2024 By: /s/ Duncan Bates Name: Duncan Bates Title: President and Chief Executive Officer