Company: CVCO
Filing Date: 2025-05-22
Form Type: 8-K
Source: 0000278166-25-000053
Chunk: 1

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-05-22
Form: 8-K
Item: Item 8.01
Chunk 1
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Item 8.01. Other Events

On May 20, 2025, the Company's Board of Directors approved a new $150 million stock repurchase program which was also announced in the press release attached as Exhibit 99.1 hereto. The purchases may be made in the open market or one or more privately negotiated transactions in compliance with applicable securities laws and other legal requirements. The actual timing, number and value of shares repurchased under the program will be determined by the Company in its discretion and will depend on a number of factors, including market conditions, applicable legal requirements and other strategic capital needs and opportunities. The program does not obligate Cavco to acquire any particular amount of common stock and may be suspended or discontinued at any time. The Company expects to finance the program from existing cash resources.

Item 9.01. Financial Statements and Exhibits