Cavco Industries (CVCO) Proxy Filing summary

Executive summary

• Achieved the second highest revenue and third highest net income in company history, with a gross profit margin of 23.8%.

• Focused on operational efficiency, cost optimization, and workforce safety, resulting in a 33% reduction in OSHA incident rates while expanding manufacturing facilities.

• Continued commitment to long-term strategic objectives and sustainable growth amid evolving market dynamics.

Voting matters and shareholder proposals

• Election of two Class III directors to serve until 2027.

• Advisory vote on executive compensation (Say-on-Pay).

• Ratification of RSM US LLP as independent auditor for fiscal year 2025.

• No additional matters are expected to be voted on.

Board of directors and corporate governance

• Board consists of seven directors, six of whom are independent; roles of Chair and CEO are separated.

• Board diversity includes two women and one ethnically diverse member; 86% of directors are independent.

• Board committees: Audit, Compensation, Corporate Governance and Nominating, Legal and Compliance Oversight.

• Directors are selected based on integrity, experience, and diversity; majority vote policy for uncontested elections.