# EDGAR Filing Document

**Accession Number:** 0001436208
**File Stem:** 0001558370-23-004209
**Filing Date:** 2023-3
**Character Count:** 9692
**Document Hash:** 8740b13a0d49cfb5c0d0766869f379ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001558370-23-004209.hdr.sgml**: 20230320

**ACCESSION NUMBER**: 0001558370-23-004209

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20230315

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230320

**DATE AS OF CHANGE**: 20230320

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legacy Housing Corp
- **CENTRAL INDEX KEY:** 0001436208
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOBILE HOMES [2451]
- **IRS NUMBER:** 202897516
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38761
- **FILM NUMBER:** 23747092

**BUSINESS ADDRESS:**
- **STREET 1:** 1600 AIRPORT FREEWAY,  #100
- **CITY:** BEDFORD
- **STATE:** TX
- **ZIP:** 76022
- **BUSINESS PHONE:** (817) 799-4900

**MAIL ADDRESS:**
- **STREET 1:** 1600 AIRPORT FREEWAY,  #100
- **CITY:** BEDFORD
- **STATE:** TX
- **ZIP:** 76022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Legacy Housing, LTD.
- **DATE OF NAME CHANGE:** 20080528

?xml version='1.0' encoding='UTF-8'?

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**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

Date of Report (Date of Earliest Event Reported): March 15, 2023

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| | | |
|:---|:---|:---|
| **LEGACY HOUSING CORPORATION** | **LEGACY HOUSING CORPORATION** | **LEGACY HOUSING CORPORATION** |
| (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) | (Exact name of registrant as specified in its charter) |
| Texas | 001-38761 | 20-2897516 |
| (State or Other Jurisdiction <br>of Incorporation) | (Commission<br>File Number) | (IRS Employer<br>Identification No.) |
| 1600 Airport Freeway, #100, Bedford, Texas | 1600 Airport Freeway, #100, Bedford, Texas | 76022 |
| (Address of Principal Executive Offices) | (Address of Principal Executive Offices) | (Zip Code) |

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Registrant's Telephone Number, Including Area Code: (817) 799-4900

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class:** |  | **Name of each exchange on which registered:** |
| Common Stock ($0.001 par value) | LEGH | NASDAQ Global Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.**

On March 15, 2023, Legacy Housing Corporation (the "Company") issued a press release disclosing the financial results for its fiscal year ended December 31, 2022. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated into this Item by reference.

The information in Item 2.02 of this Current Report on Form 8-K and Exhibit 99.1 attached hereto is intended to be furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section. This information shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference therein.

**Item 9.01 Financial Statements and Exhibits.**

**(d)** **Exhibits**

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| | | |
|:---|:---|:---|
| **Exhibit No.** |  | **Description** |
| 99.1 |  | [Financial Results Press Release issued by Legacy Housing Corporation on March 15, 2023.](legh-20230315xex99d1.htm) |
| 104 |  | Cover Page Interactive Data File (formatted as Inline XBRL). |

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**SIGNATURES**

Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | **LEGACY HOUSING CORPORATION** | **LEGACY HOUSING CORPORATION** |
| Date: March 20, 2023 | By: | /s/ Ronald Arrington |
|  | Name: | Ronald Arrington |
|  | Title: | Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

![Graphic](legh-20230315xex99d1001.jpg)

**Legacy Housing Corporation Reports Full Year 2022 Financial Results** 

March 15, 2023

BEDFORD, Texas, - Legacy Housing Corporation (the "Company" or "Legacy", NASDAQ: LEGH) today announced its financial results for the full year end December 31, 2022.

**Financial Highlights for the Fiscal Year Ended December 31, 2022**

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| | |
|:---|:---|
| ◾ | Net revenue for the year ended 2022 was $257.0 million, an increase of 30.1% from the year ended 2021. |

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| | |
|:---|:---|
| ◾ | Income from operations for the year ended 2022 was $78.0 million, an increase of 32.4% from the year ended 2021. |

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| | |
|:---|:---|
| ◾ | Net income for the year ended 2022 was $67.8 million, an increase of 35.9% from the year ended 2021. |

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| | |
|:---|:---|
| ◾ | Basic earnings per share for the year ended 2022 was $2.78, an increase of 35.0% from the year ended 2021. |

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| | |
|:---|:---|
| ◾ | Book value for year ended 2022 was $382.1 million, an increase of 23.5% from the year ended 2021. |

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| | |
|:---|:---|
| ◾ | Book value per share for year ended 2022 was $15.69, an increase of 22.7% from the year ended 2021. |

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Duncan Bates, President and Chief Executive Officer, stated: "2022 was a record year for Legacy Housing. Our Texas plants continue to operate near peak capacity and our loan portfolios are performing well. We made progress at our Georgia plant during the fourth quarter. Production is improving but still below historical levels. Despite a challenging market, our overall backlog remains healthy. I am excited to move past the financial reporting issues and focus on operational improvements and growth. We are seeing more and more opportunities to deploy capital at attractive rates of return and grow our book value. Driving returns for our shareholders is our top priority."

This shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Company's securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

**Conference Call Information**

Management will host a conference call to discuss the results at 10:00 AM Central Time on Thursday, March 16, 2023. To access the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details. A live webcast of the event can be accessed using this link.

**About Legacy Housing Corporation**

Legacy builds, sells, and finances manufactured homes and "tiny houses" that are distributed through a network of independent retailers and company-owned stores. The Company also sells directly to manufactured housing communities. Legacy is the fifth largest producer of manufactured homes in the

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United States as ranked by the number of homes manufactured based on the information available from the Manufactured Housing Institute. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 395 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms. Our homes range in price, at retail, from approximately $33,000 to $180,000.

**Forward Looking Statements**

This press release contains forward-looking statements within the meaning of the Securities and Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. As a result, our actual results or performance may differ materially from anticipated results or performance. Legacy undertakes no obligation to update any such forward-looking statements after the date hereof, except as required by law. Investors should not place any reliance on any such forward-looking statements.

Investor Inquiries:

Shane Allred, Director of Financial Reporting, (817) 799-4900<br><u>investors@legacyhousingcorp.com</u>

or

Investor Inquiries:<br>Duncan Bates, (817) 799-4837<br><u>duncanbates@legacyhousingcorp.com</u>

Media Inquiries:<br>Kira Hovancik, (817) 799-4905<br><u>pr@legacyhousingcorp.com</u>

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