Company: LEGH
Filing Date: 2025-11-12
Form Type: DEF 14A
Source: 0001104659-25-109708
Chunk: 21

Company: Legacy Housing Corp
Filing Date: 2025-11-12
Form: DEF 14A
Chunk 21
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 employment, termination of employment and change in control arrangements, discussed in the section titled “Executive Compensation,” the following is a description of each transaction since January 1, 2024 and each currently proposed transaction in which: • we have been or are to be a participant; • the amount involved exceeds $120,000; and • any related person had or will have a direct or indirect material interest. Bell Mobile Homes (“Bell”), a retailer owned by Kenneth E. Shipley, purchases manufactured homes from the Company. During the fiscal year ended December 31, 2024, home sales to Bell were approximately $5,748,000. During the first nine months of 2025, home sales to Bell have been approximately $2,715,000. Shipley Bros., Ltd. and Crazy Red’s Mobile Homes (together, “Shipley Bros.”), retailers owned by Kenneth E. Shipley and his brothers, purchase manufactured homes from the Company. During the fiscal year ended December 31, 2024, home sales to Shipley Bros. were approximately $2,545,000. During the first nine months of 2025, home sales to Shipley Bros. have been approximately $1,521,000. Other than the transactions described above, there have been no transactions between the company and a related person that would be reportable under SEC rules or regulations. Pursuant to a policy approved by the Board, all related party transactions must be disclosed to the Board, and the Board’s discretion, in reviewing such, is plenary. Employee, Officer and Director Hedging and Trading Policy At this time, the Company has not adopted a policy regarding the ability of officers, directors and employees to purchase financial instruments (including prepaid variable forward contracts, equity swaps, collars, and exchange funds) or otherwise engage in transactions, that hedge or offset, or are designed to hedge or offset, any decrease in the market value of the Company’s equity securities. Under our insider trading policy, the Company’s personnel may not engage in trading our shares while in possession of material non-public information. 14 TABLE OF CONTENTS Compensation Committee Interlocks and Insider Participation None of the members of our Compensation Committee is an executive officer or employee of the Company. None of our executive officers serves as a member of the Board or compensation committee of any entity that has one or more executive officers serving on our Board or compensation committee. 15 TABLE OF CONTENTS AUDIT COMMITTEE REPORT The Audit Committee assists the Board in overseeing and monitoring the integrity