Company: CVCO
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0000278166-25-000097
Chunk: 36

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 36
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#### Cavco Industries, Inc.www.cavco.com29

#### Components of Annual Executive Compensation

#### 1.

#### Base Salary
Executive Officers base salaries serve as the basic component of our executive compensation program. The purpose of the base salary is to provide a fixed amount of non-variable cash compensation that is generally competitive with market practices to attract and retain an effective management team. Consistent with our pay-for-performance objective, the base salary for each of our NEOs is designed to account for only a portion of their overall total target compensation. We believe the NEO base salaries are appropriate when compared to market benchmarks and based on the Executive Officers’ roles, responsibilities, experience, and contributions to the Company. For fiscal years 2024 and 2025, the Board approved the following base salaries for each of our NEOs:

| Name                            |     | 2024 Annual Base Salary |     | 2025 Annual Base Salary |     | Percentage Increase |
| Bill Boor,CEO                   |     |                $950,000 |     |              $1,100,000 |     | 16%                 |
| Allison Aden,CFO                |     |                $550,000 |     |                $650,000 |     | 18%                 |
| Brian Cira,President (Mfg.)     |     |                $250,000 |     |                $250,000 |     | 0%                  |
| Matt Niño,President (Ret.)      |     |                $200,000 |     |                $200,000 |     | 0%                  |
| Seth Schuknecht,General Counsel |     |                $350,000 |     |                $375,000 |     | 7%                  |

#### 2. Short-Term Incentive Compensation
The second component of annual executive compensation is our short-term incentive program ("STIP"). The FY2025 STIP consisted