Cavco Industries (CVCO) Proxy filing summary

Executive summary

• Achieved record annual net revenue of $2.2 billion and record home sales in FY2026, with income before taxes up 15.9% and diluted EPS up 15.8%.

• Completed the largest acquisition in company history (American Homestar Corporation), repurchased $160 million in stock, and broke ground on a new Arizona facility.

• Maintained over $230 million in cash and cash equivalents at fiscal year end, positioning for future growth.

• Reduced total recordable incident rate (TRIR) by 47% over five years, with 2025 TRIR 7% better than industry average.

• Focused on sustainable growth, risk management, and expanding access to affordable housing.

Voting matters and shareholder proposals

• Election of three Class II directors to serve until 2029.

• Advisory vote to approve executive compensation (Say-on-Pay).

• Ratification of RSM US LLP as independent registered public accounting firm for FY2027.

• No other matters are expected to be voted on.

Board of directors and corporate governance

• Board consists of eight directors, seven of whom are independent; CEO and Chairman roles are separated.

• Board diversity: 38% diverse, 38% women, one ethnically diverse member.

• Directors possess expertise in manufacturing, finance, legal, ESG, and strategic planning.

• Four standing committees: Audit, Compensation, Corporate Governance and Nominating, Legal and Compliance Oversight—all comprised of independent directors.

• Annual board and committee self-evaluations, director training, and stock ownership guidelines in place.