Former Cavco CEO Stegmayer Cuts Stake to 4.4%

TL;DR

**Former Cavco CEO Stegmayer just trimmed his stake to 4.4% of the company.**

AI Summary

Joseph H. Stegmayer, a former CEO of Cavco Industries Inc., reported an updated beneficial ownership of 381,434 shares of Cavco's common stock as of December 31, 2023. This represents 4.4% of the company's outstanding shares, a decrease from his previous filing. This matters to investors because it shows a significant insider, even if former, has reduced his stake, which could signal a change in his outlook on the company's future performance.

Why It Matters

This filing indicates a notable insider, Joseph H. Stegmayer, has reduced his ownership in Cavco Industries, which can sometimes be interpreted as a lack of confidence in the company's near-term prospects.

Risk Assessment

Risk Level: medium — While not a current executive, a former CEO reducing their stake could suggest a less optimistic view, posing a moderate risk for current or potential investors.

Analyst Insight

A smart investor would note this insider selling by a former executive and consider it as one data point among many when evaluating Cavco Industries. It warrants further investigation into the company's recent performance and future prospects, rather than acting solely on this information.

Key Numbers

• 381,434 — Shares owned by Joseph H. Stegmayer (This is the aggregate amount of shares beneficially owned by the reporting person as of December 31, 2023.)
• 4.4% — Percentage of class owned (This represents the percentage of Cavco Industries Inc. common stock beneficially owned by Joseph H. Stegmayer.)

Key Players & Entities

• Joseph H. Stegmayer (person) — Reporting Person, former CEO of Cavco Industries Inc.
• Cavco Industries Inc. (company) — Subject Company, manufacturer of mobile homes
• 381,434 (dollar_amount) — Number of shares beneficially owned by Joseph H. Stegmayer
• 4.4% (dollar_amount) — Percentage of Cavco Industries Inc. common stock beneficially owned by Joseph H. Stegmayer
• December 31, 2023 (date) — Date of event requiring the filing

Forward-Looking Statements

• The reduction in Joseph H. Stegmayer's stake might lead to increased scrutiny from institutional investors regarding Cavco Industries' future outlook. (Cavco Industries Inc.) — medium confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.01 — me of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) 1495

Filing Documents

• d769827dsc13ga.htm (SC 13G/A) — 40KB
• 0001193125-24-030038.txt ( ) — 41KB

From the Filing

SC 13G/A 1 d769827dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* Cavco Industries, Inc. (Name of Issuer) Common Stock, par value $0.01 (Title of Class of Securities) 149568107 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 149568107 1. NAMES OF REPORTING PERSONS Joseph H. Stegmayer 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)(b) 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION U.S.A. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 381,434 (1) 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 381,434 (1) 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 381,434 (1) 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.6% (2) 12. TYPE OF REPORTING PERSON IN (1) Includes (i) 353,843 shares of Common Stock of the Issuer held of record by Mr. Stegmayer, and (ii) 27,591 shares of Common Stock of the Issuer held of record by the Joseph H Stegmayer Revocable Trust dtd July 6, 1999 as amended, of which Mr. Stegmayer is the sole Trustee. (2) Based upon 8,346,618 shares of Common Stock outstanding of the Issuer, as reported by the Issuer as of January 26, 2024 in its Quarterly Report on Form 10-Q for the quarterly period ended December 31, 2023 filed with the U.S. Securities and Exchange Commission ( SEC ) on February 2, 2024. Item1. (a) Name of Issuer Cavco Industries, Inc. (b) Address of Issuers Principal Executive Offices 3636 North Central Ave, Ste 1200 Phoenix, AZ 85012 Item2. (a) Name of Person Filing Joseph H. Stegmayer (b) Address of Principal Business Office or, if None, Residence P.O. Box 13708 Chandler, AZ 85248 (c) Citizenship U.S.A. (d) Title of Class of Securities Common Stock, par value $0.01 (e) CUSIP Number 149568107 Item3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: As of December 31, 2023, Mr. Stegmayer is deemed to be the beneficial owner of 381,434 shares of Common Stock, consisting of (i) 353,843 shares of Common Stock held of record by Mr. Stegmayer, and (ii) 27,591 shares of Common Stock held of record by the Joseph H Stegmayer Revocable Trust dtd July 6, 1999 as amended, of which Mr. Stegmayer is the sole Trustee. (b) Percent of Class: 4.6 % (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 381,434 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 381,434 (iv) shared power to dispose or to direct the disposition of 0 Item5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the benef

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