Company: CVCO
Filing Date: 2025-09-30
Form Type: 8-K
Source: 0001628280-25-043146
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Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-09-30
Form: 8-K
Item: Item 2.01
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Item 2.01 Completion of Acquisition or Disposition of Assets

On September 29, 2025, Cavco Industries, Inc., a Delaware corporation (the “ Company”), completed the acquisition of American Homestar Corporation, a Texas corporation (“ American Homestar”), pursuant to the previously announced Agreement and Plan of Merger, dated as of July 14, 2025 (the “ Merger Agreement”), by and among the Company, American Homestar, Cavco Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“ Merger Sub”), and Craig Reynolds, solely in his capacity as representative of the shareholders of American Homestar.

Under the terms of the Merger Agreement, Merger Sub merged with and into American Homestar, with American Homestar continuing as the surviving corporation and becoming a wholly owned subsidiary of the Company (the “ Merger”). The closing of the Merger followed the receipt of all required regulatory approvals, including clearance under the Hart-Scott-Rodino Antitrust Improvements Act.

At the effective time of the Merger (the “ Effective Time”): (i) each share of Class A common stock of American Homestar, par value $0.01 per share (“ Common Stock”), issued and outstanding immediately prior to the Effective Time (other than shares held in treasury by American Homestar or owned by the Company, Merger Sub, or their respective subsidiaries), was automatically cancelled and converted into the right to receive $20.62 per share in cash; and (ii) each restricted share of Common Stock outstanding immediately prior to the Effective Time vested in full, all restrictions lapsed, and such shares were treated as Common Stock entitled to receive $20.62 per share in cash. The cash consideration payable to American Homestar shareholders in the Merger is subject to customary post-closing adjustments, including adjustments for indebtedness, working capital, and other items as set forth in the Merger Agreement.

The foregoing summary of the Merger Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the full text of the Merger Agreement, which was filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “ SEC”) on July 14, 2025, and is incorporated herein by reference.

Item 7.01 Regulation FD Disclosure