Legacy Housing (LEGH) Proxy Filing summary

Executive summary

• Annual meeting scheduled for December 4, 2024, to elect five directors, hold advisory votes on executive compensation and its frequency, and address other business.

• Shareholders of record as of October 25, 2024, are eligible to vote; a majority of outstanding shares is required for a quorum.

• Proxy materials distributed by mail and available online; estimated solicitation cost is $10,000.

Voting matters and shareholder proposals

• Shareholders will vote to elect five directors for one-year terms.

• Advisory votes include approval of executive compensation (Say on Pay) and the frequency of future Say on Pay votes (recommended annually).

• Shareholder proposals for the 2025 meeting must be submitted by September 3, 2025, with detailed nomination and proposal requirements.

Board of directors and corporate governance

• Board consists of five members, with one new nominee, Skyler M. Howton, replacing a departing director.

• Board leadership is split between Executive Chairman and CEO; three standing committees (Audit, Compensation, Nominations & Corporate Governance) are composed of independent directors.

• Board diversity matrix: 4 male, 1 female director nominee.

• All directors attended meetings in 2023 and 2024; independent directors form the majority.