Company: CVCO
Filing Date: 2025-06-16
Form Type: DEF 14A
Source: 0000278166-25-000097
Chunk: 35

Company: CAVCO INDUSTRIES, INC.
Filing Date: 2025-06-16
Form: DEF 14A
Chunk 35
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 human resource outsourcing;

• Fees paid to Pearl Meyer by the Company were less than 1% of Pearl Meyer’s total revenue;

• Pearl Meyer maintains a Conflicts Policy containing specific policies and procedures designed to ensure independence;

• None of the Pearl Meyer consultants on the Company’s matters had any business or personal relationship with the members of the Compensation Committee;

• None of the Pearl Meyer consultants on the Company matters, or Pearl Meyer, had any business or personal relationship with Executive Officers of the Company; and

• None of the Pearl Meyer consultants on the Company matters own Company stock.

#### 282025 Proxy Statement
| Executive Compensation |

#### Clawback Policy
The Board has adopted a policy providing for the recoupment from certain executives of incentive compensation in the event of an accounting restatement or the occurrence of other clawback events described in the policy (the "Clawback Policy"). The policy is designed to deter and prevent detrimental conduct and to protect our investors from financial misconduct. The Clawback Policy is posted on our website at investor.cavco.com/general-documents .

Stockholder Approval of our Compensation Decisions

At the 2024 Annual Meeting of Stockholders, held on July 30, 2024, the Company’s stockholders approved the advisory (non-binding) vote on executive compensation with over 98% of the votes entitled to vote and represented by person or by proxy cast in favor of the proposal regarding the Company’s executive compensation program. Our Board and management believe this vote indicates support by our stockholders for our executive compensation program and amounts.

#### Benchmarking Methodology
Market pay levels are one of many elements used by the Company to maintain competitive pay opportunities for our Executive Officers. For the design of the Company’s fiscal year 2025 executive compensation program, the Compensation Committee approved a peer group of 21 national companies in the building products, homebuilding, and related industries for the purposes of benchmarking total compensation for our Executive Officers. The peer group companies were analyzed and recommended by our independent compensation consultant and our Compensation Committee approved the peer group set forth below. The Compensation Committee considered companies with similar revenue and market cap positions to Cavco and sought to place Cavco at approximately the peer group median. We believe that this peer group provides a meaningful composite of companies in similar industries, in various stages of growth, to establish an appropriate benchmark comparison for Cavco.

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