%PDF-1.5 1 0 obj <> endobj 3 0 obj <> endobj 4 0 obj <> stream 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 748.5 m 314.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 727.5 m 314.5 677.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 677.5 m 314.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 653.5 m 314.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 653.5 m 437.5 653.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 653.5 m 561.5 653.5 l s BT /F1 11.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 11.00 Tf ET q 0 0 0 rg BT 323.00 716.50 Td (Media Contact:) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 323.00 705.50 Td (John Lovallo) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 323.00 694.50 Td (Phone:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 356.00 694.50 Td ( 917-612-8419) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 323.00 683.50 Td (Email:) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 354.78 683.50 Td ( jlovallo@levick.com) Tj ET Q BT /F2 16.00 Tf ET q 0 0 0 rg BT 135.50 659.46 Td (News Release) Tj ET Q BT /F1 10.00 Tf ET BT /F3 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 420.15 639.078564453125 m 561.9791015625 639.078564453125 l s q 0 0 0 rg BT 420.15 640.80 Td (FOR IMMEDIA) Tj ET Q q 0 0 0 rg BT 495.65 640.80 Td (TE RELEASE) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 106.35 619.65 Td (CA) Tj ET Q q 0 0 0 rg BT 120.82 619.65 Td (VCO INDUSTRIES NAMES ) Tj ET Q q 0 0 0 rg BT 260.29 619.65 Td (WILLIAM BOOR CHIEF) Tj ET Q q 0 0 0 rg BT 385.17 619.65 Td ( EXECUTIVE OFFICER) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (Acting CEO Daniel Urness to resume former role of Chief Financial Of) Tj ET Q q 0 0 0 rg BT 375.85 593.25 Td (ficer) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 566.85 Td (Steven Bunger assumes non-executive Chair of the Board responsibilities) Tj ET Q BT /F3 11.00 Tf ET q 0 0 0 rg BT 50.00 540.45 Td (Richard Kerley appointed ) Tj ET Q q 0 0 0 rg BT 168.45 540.45 Td (Audit Committee Chair) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 514.05 Td (PHOENIX, ) Tj ET Q q 0 0 0 rg BT 103.17 514.05 Td (AZ - ) Tj ET Q q 0 0 0 rg BT 126.39 514.05 Td (April 2, 2019) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 185.36 514.05 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 188.11 514.05 Td (-) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 191.77 514.05 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 194.52 514.05 Td (Cavco Industries, Inc. \(NASDAQ: CVCO\) \("the "Company"\) today announced ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 500.85 Td (that its Board of Directors \(the "Board"\) has appointed) Tj ET Q q 0 0 0 rg BT 293.08 500.85 Td (W) Tj ET Q q 0 0 0 rg BT 303.02 500.85 Td (illiam Boor as Chief Executive Of) Tj ET Q q 0 0 0 rg BT 453.42 500.85 Td (ficer \("CEO"\), ef) Tj ET Q q 0 0 0 rg BT 528.47 500.85 Td (fective ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 487.65 Td (April 15, 2019. Mr) Tj ET Q q 0 0 0 rg BT 132.81 487.65 Td (. Boor will succeed Daniel Urness, who served as President and ) Tj ET Q q 0 0 0 rg BT 415.38 487.65 Td (Acting Chief Executive Of) Tj ET Q q 0 0 0 rg BT 533.39 487.65 Td (ficer ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 474.45 Td (since November 2018. Mr) Tj ET Q q 0 0 0 rg BT 164.87 474.45 Td (. Urness will resume his former role of Executive ) Tj ET Q q 0 0 0 rg BT 384.60 474.45 Td (V) Tj ET Q q 0 0 0 rg BT 391.89 474.45 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 536.18 474.45 Td (ficer ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.43 461.25 Td (T) Tj ET Q q 0 0 0 rg BT 74.77 461.25 Td (reasurer) Tj ET Q q 0 0 0 rg BT 109.74 461.25 Td (, also ef) Tj ET Q q 0 0 0 rg BT 144.06 461.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 176.12 461.25 Td (April 15, 2019.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 436.05 Td (Mr) Tj ET Q q 0 0 0 rg BT 62.84 436.05 Td (. Boor assumes his new role as CEO with over 10 years of experience with Cavco, most recently serving as non-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 422.85 Td (executive Chairman of the Board for the Company) Tj ET Q q 0 0 0 rg BT 272.58 422.85 Td (. Mr) Tj ET Q q 0 0 0 rg BT 290.92 422.85 Td (. Boor joined Cavco as an independent member of the Board ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 409.65 Td (in 2008. Several years prior to his service on the Cavco Board, Mr) Tj ET Q q 0 0 0 rg BT 341.43 409.65 Td (. Boor held the position of ) Tj ET Q q 0 0 0 rg BT 459.47 409.65 Td (V) Tj ET Q q 0 0 0 rg BT 466.75 409.65 Td (ice President, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 396.45 Td (Corporate Development at Centex Corporation while Cavco was a subsidiary of Centex. During that tenure, Mr) Tj ET Q q 0 0 0 rg BT 540.29 396.45 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 383.25 Td (Boor worked on developing and implementing Cavco's business strategy and participated in its eventual spin-of) Tj ET Q q 0 0 0 rg BT 541.79 383.25 Td (f in ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 370.05 Td (2003. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 344.85 Td (As CEO, Mr) Tj ET Q q 0 0 0 rg BT 105.31 344.85 Td (. Boor will be responsible for day-to-day leadership of the Company) Tj ET Q q 0 0 0 rg BT 405.50 344.85 Td (. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 319.65 Td (Mr) Tj ET Q q 0 0 0 rg BT 62.84 319.65 Td (. Boor will remain a member of the Company's Board of Directors. ) Tj ET Q q 0 0 0 rg BT 360.33 319.65 Td (The Board has named independent Board ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 306.45 Td (member Steven Bunger to serve as the Company's new non-executive Chair of the Board. Richard Kerley has been ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 293.25 Td (appointed Chairman of the ) Tj ET Q q 0 0 0 rg BT 169.75 293.25 Td (Audit Committee. Both of these Board appointments are ef) Tj ET Q q 0 0 0 rg BT 429.52 293.25 Td (fective immediately) Tj ET Q q 0 0 0 rg BT 516.46 293.25 Td (.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 280.05 Td ( ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 266.85 Td ("After thoughtful consideration of options to strengthen the management team, the Board concluded Bill is the right ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 253.65 Td (choice to assume the CEO role," commented Mr) Tj ET Q q 0 0 0 rg BT 262.82 253.65 Td (. Bunger) Tj ET Q q 0 0 0 rg BT 300.27 253.65 Td (, new non-executive Chair of Board. "Bill is a strong and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 240.45 Td (proven leader) Tj ET Q q 0 0 0 rg BT 109.72 240.45 Td (, who has a successful track record of managing lar) Tj ET Q q 0 0 0 rg BT 334.94 240.45 Td (ge, complex businesses and working across a range ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 227.25 Td (of executive roles in public companies. His significant knowledge and insights into Cavco's business, from his ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 214.05 Td (tenure on the Board and previous strategic work with the company) Tj ET Q q 0 0 0 rg BT 342.54 214.05 Td (, provide the immediate and long-term ability ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 200.85 Td (needed to lead the execution of our strategic plan and focus on operational excellence." ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 175.65 Td ("The Board would like to thank Dan Urness for his leadership and contributions over the last five months as ) Tj ET Q q 0 0 0 rg BT 527.70 175.65 Td (Acting ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 162.45 Td (CEO during an important period of transition. ) Tj ET Q q 0 0 0 rg BT 254.49 162.45 Td (W) Tj ET Q q 0 0 0 rg BT 263.99 162.45 Td (e are pleased he will remain an important part of our leadership ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 149.20 Td (team," commented Mr) Tj ET Q q 0 0 0 rg BT 148.27 149.20 Td (. Boor) Tj ET Q q 0 0 0 rg BT 175.16 149.20 Td (. "I've had the pleasure of working closely with Dan for many years while I was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 136.00 Td (Chairman of the ) Tj ET Q q 0 0 0 rg BT 123.62 136.00 Td (Audit Committee and I look forward to working closely with him in the coming years." ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 110.80 Td (Mr) Tj ET Q q 0 0 0 rg BT 62.84 110.80 Td (. Boor added, "Cavco's strong track record speaks for itself and we remain very well-positioned for the future. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 97.60 Td (I'm excited to have the opportunity to lead the Company's next chapter) Tj ET Q q 0 0 0 rg BT 360.52 97.60 Td (, working closely with the Board, and the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 84.40 Td (entire Cavco team, to help the Company deliver value to all stakeholders including customers, employees, partners, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 71.20 Td (and investors.") Tj ET Q /GS0 gs q 179.00 0 0 57.55 92.00 685.47 cm /I1 Do Q endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 741.60 Td (W) Tj ET Q q 0 0 0 rg BT 60.80 741.60 Td (illiam Boor) Tj ET Q q 0 0 0 rg BT 112.65 741.60 Td (, Chief Executive Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.40 Td (Mr) Tj ET Q q 0 0 0 rg BT 62.84 728.40 Td (. Boor) Tj ET Q q 0 0 0 rg BT 89.90 728.40 Td (, Chairman of the Company's ) Tj ET Q q 0 0 0 rg BT 220.81 728.40 Td (Audit Committee, a member of the Company's Compensation Committee ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.20 Td (and an independent member of the Board since July 2008, most recently assumed the role of non-executive ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 702.00 Td (Chairman of the Board. Most recently) Tj ET Q q 0 0 0 rg BT 216.69 702.00 Td (, Mr) Tj ET Q q 0 0 0 rg BT 235.02 702.00 Td (. Boor held the role of Chief Executive Of) Tj ET Q q 0 0 0 rg BT 420.24 702.00 Td (ficer of Great Lakes Brewing ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.80 Td (Company) Tj ET Q q 0 0 0 rg BT 92.06 688.80 Td (, a lar) Tj ET Q q 0 0 0 rg BT 116.60 688.80 Td (ge craft brewery in Cleveland, Ohio, a position he has held since 2015. From 2007 to 2014, Mr) Tj ET Q q 0 0 0 rg BT 534.21 688.80 Td (. Boor ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.60 Td (served in various executive positions with Clif) Tj ET Q q 0 0 0 rg BT 254.49 675.60 Td (fs Natural Resources, Inc. \("Clif) Tj ET Q q 0 0 0 rg BT 396.24 675.60 Td (fs"\), most recently serving as ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 662.40 Td (Executive ) Tj ET Q q 0 0 0 rg BT 96.53 662.40 Td (V) Tj ET Q q 0 0 0 rg BT 103.81 662.40 Td (ice President - Corporate Development and Chief Strategy/Risk Of) Tj ET Q q 0 0 0 rg BT 398.10 662.40 Td (ficer and President-Ferroalloys. ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 649.20 Td (Among other roles prior to Clif) Tj ET Q q 0 0 0 rg BT 187.59 649.20 Td (fs, Mr) Tj ET Q q 0 0 0 rg BT 213.87 649.20 Td (. Boor held the position of ) Tj ET Q q 0 0 0 rg BT 331.91 649.20 Td (V) Tj ET Q q 0 0 0 rg BT 339.19 649.20 Td (ice President, Corporate Development at Centex ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 636.00 Td (Corporation. During that tenure, Cavco was a subsidiary of Centex, and Mr) Tj ET Q q 0 0 0 rg BT 381.15 636.00 Td (. Boor worked on the Cavco strategy and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 622.80 Td (its eventual spin-of) Tj ET Q q 0 0 0 rg BT 134.12 622.80 Td (f in 2003. Mr) Tj ET Q q 0 0 0 rg BT 192.17 622.80 Td (. Boor earned an engineering degree from Penn State University and a Master of ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 609.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 91.26 609.60 Td (Administration degree from Harvard Business School. He is also a CF) Tj ET Q q 0 0 0 rg BT 399.92 609.60 Td (A) Tj ET Q q 0 0 0 rg BT 407.26 609.60 Td ( charterholder) Tj ET Q q 0 0 0 rg BT 468.03 609.60 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 584.40 Td (Daniel Urness, Chief Financial Officer) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 571.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 62.84 571.20 Td (. Urness was Cavco's Executive ) Tj ET Q q 0 0 0 rg BT 205.14 571.20 Td (V) Tj ET Q q 0 0 0 rg BT 212.42 571.20 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 356.71 571.20 Td (ficer and ) Tj ET Q q 0 0 0 rg BT 398.04 571.20 Td (T) Tj ET Q q 0 0 0 rg BT 404.37 571.20 Td (reasurer from ) Tj ET Q q 0 0 0 rg BT 466.07 571.20 Td (April 2015 until ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 558.00 Td (August 2018, where he transitioned into the role of President and ) Tj ET Q q 0 0 0 rg BT 339.00 558.00 Td (Acting Chief Executive Of) Tj ET Q q 0 0 0 rg BT 457.01 558.00 Td (ficer in November ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 544.80 Td (2018. Mr) Tj ET Q q 0 0 0 rg BT 90.34 544.80 Td (. Urness also served as Cavco's ) Tj ET Q q 0 0 0 rg BT 229.89 544.80 Td (V) Tj ET Q q 0 0 0 rg BT 237.18 544.80 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 381.47 544.80 Td (ficer and ) Tj ET Q q 0 0 0 rg BT 422.80 544.80 Td (T) Tj ET Q q 0 0 0 rg BT 429.13 544.80 Td (reasurer from January 2006 to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 531.60 Td (April 2015 and as a director and/or of) Tj ET Q q 0 0 0 rg BT 215.67 531.60 Td (ficer of certain of Cavco's major subsidiaries, including Palm Harbor Homes, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 518.40 Td (Inc., Fleetwood Homes, Inc., CountryPlace ) Tj ET Q q 0 0 0 rg BT 242.46 518.40 Td (Acceptance Corp. and Standard Casualty Company) Tj ET Q q 0 0 0 rg BT 467.80 518.40 Td (. Mr) Tj ET Q q 0 0 0 rg BT 486.13 518.40 Td (. Urness was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 505.20 Td (also Cavco's Interim Chief Financial Of) Tj ET Q q 0 0 0 rg BT 224.99 505.20 Td (ficer from ) Tj ET Q q 0 0 0 rg BT 271.41 505.20 Td (August 2005 to January 2006, Corporate Controller from May ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 492.00 Td (2005 to ) Tj ET Q q 0 0 0 rg BT 85.45 492.00 Td (August 2005, financial consultant to the Company from June 2002 to May 2005 and Controller from May ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 478.80 Td (1999 to June 2002. Prior to joining Cavco, Mr) Tj ET Q q 0 0 0 rg BT 252.88 478.80 Td (. Urness served as manager and staf) Tj ET Q q 0 0 0 rg BT 409.99 478.80 Td (f accountant at Deloitte & ) Tj ET Q q 0 0 0 rg BT 526.77 478.80 Td (T) Tj ET Q q 0 0 0 rg BT 532.72 478.80 Td (ouche ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 465.60 Td (LLP) Tj ET Q q 0 0 0 rg BT 69.15 465.60 Td ( for approximately six years.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 440.40 Td (Steven Bunger) Tj ET Q q 0 0 0 rg BT 117.74 440.40 Td (, Chair) Tj ET Q q 0 0 0 rg BT 150.54 440.40 Td ( of the Board) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 427.20 Td (Mr) Tj ET Q q 0 0 0 rg BT 62.84 427.20 Td (. Steven G. Bunger is an Independent Director of Cavco Industries, Inc. Mr) Tj ET Q q 0 0 0 rg BT 393.36 427.20 Td (. Bunger is currently President and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 414.00 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 135.33 414.00 Td (ficer of Pro Box Portable Storage, Inc., a provider of portable storage solutions in ) Tj ET Q q 0 0 0 rg BT 496.10 414.00 Td (Arizona, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 400.80 Td (Colorado, and Oklahoma. From 2001 until December 31, 2012, he served as Chairman of the Board of Mobile ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 387.60 Td (Mini, Inc. the nation's lar) Tj ET Q q 0 0 0 rg BT 160.54 387.60 Td (gest publicly-owned provider of portable storage containers and mobile of) Tj ET Q q 0 0 0 rg BT 486.88 387.60 Td (fices. He was ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 374.40 Td (also the President and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 234.30 374.40 Td (ficer of Mobile Mini Inc., having served in those capacities from 1997 to ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 361.20 Td (2012. Mr) Tj ET Q q 0 0 0 rg BT 90.34 361.20 Td (. Bunger joined Mobile Mini in 1983 and held numerous positions with the company) Tj ET Q q 0 0 0 rg BT 462.97 361.20 Td (, including ) Tj ET Q q 0 0 0 rg BT 512.57 361.20 Td (V) Tj ET Q q 0 0 0 rg BT 519.86 361.20 Td (ice ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 348.00 Td (President of Operations and Marketing and Executive ) Tj ET Q q 0 0 0 rg BT 288.98 348.00 Td (V) Tj ET Q q 0 0 0 rg BT 296.26 348.00 Td (ice President and Chief Operating Of) Tj ET Q q 0 0 0 rg BT 459.49 348.00 Td (ficer) Tj ET Q q 0 0 0 rg BT 479.03 348.00 Td (.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 322.80 Td (Richard Kerley) Tj ET Q q 0 0 0 rg BT 122.40 322.80 Td (, ) Tj ET Q q 0 0 0 rg BT 127.30 322.80 Td (Audit Committee Chairman ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 309.60 Td (Mr) Tj ET Q q 0 0 0 rg BT 62.84 309.60 Td (. Kerley served as the Senior ) Tj ET Q q 0 0 0 rg BT 191.85 309.60 Td (V) Tj ET Q q 0 0 0 rg BT 199.13 309.60 Td (ice President, Chief Financial Of) Tj ET Q q 0 0 0 rg BT 343.42 309.60 Td (ficer and member of the Board of Peter Piper) Tj ET Q q 0 0 0 rg BT 541.51 309.60 Td (, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 296.40 Td (Inc., a privately-held pizza and entertainment restaurant chain, from November 2008 to December 2014, when he ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 283.20 Td (retired. Previously) Tj ET Q q 0 0 0 rg BT 130.54 283.20 Td (, Mr) Tj ET Q q 0 0 0 rg BT 148.88 283.20 Td (. Kerley served as the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 328.90 283.20 Td (ficer of Fender Musical Instruments Corporation, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 270.00 Td (from July 2005 to October 2008. From June 1981 to July 2005, Mr) Tj ET Q q 0 0 0 rg BT 343.93 270.00 Td (. Kerley was an audit partner with Deloitte & ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 256.80 Td (T) Tj ET Q q 0 0 0 rg BT 55.95 256.80 Td (ouche LLP) Tj ET Q q 0 0 0 rg BT 103.30 256.80 Td (. Prior to becoming a partner at Deloitte & ) Tj ET Q q 0 0 0 rg BT 292.49 256.80 Td (T) Tj ET Q q 0 0 0 rg BT 298.45 256.80 Td (ouche LLP) Tj ET Q q 0 0 0 rg BT 345.80 256.80 Td (, Mr) Tj ET Q q 0 0 0 rg BT 364.13 256.80 Td (. Kerley served as an audit manager and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 243.60 Td (staf) Tj ET Q q 0 0 0 rg BT 65.68 243.60 Td (f accountant from ) Tj ET Q q 0 0 0 rg BT 146.01 243.60 Td (August 1971 to June 1981. Mr) Tj ET Q q 0 0 0 rg BT 279.85 243.60 Td (. Kerley also currently serves on the board of ) Tj ET Q q 0 0 0 rg BT 480.64 243.60 Td (The Providence ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 230.40 Td (Service Corporation, a publicly traded holding company whose subsidiaries provide high quality) Tj ET Q q 0 0 0 rg BT 474.53 230.40 Td (, technology-) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 217.20 Td (enabled healthcare services, and ) Tj ET Q q 0 0 0 rg BT 194.25 217.20 Td (The Joint Corp., a publicly traded operator) Tj ET Q q 0 0 0 rg BT 381.37 217.20 Td (, manager and franchisor of chiropractic ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 204.00 Td (clinics. Mr) Tj ET Q q 0 0 0 rg BT 97.05 204.00 Td (. Kerley received a bachelor's degree in accounting from Marshall University in 1971.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 177.60 Td (About Cavco Industries, Inc.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 151.20 Td (Cavco Industries, Inc., headquartered in Phoenix, ) Tj ET Q q 0 0 0 rg BT 269.33 151.20 Td (Arizona, designs and produces factory-built housing products ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 138.00 Td (primarily distributed through a network of independent and Company-owned retailers. ) Tj ET Q q 0 0 0 rg BT 433.17 138.00 Td (The Company is one of the ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 124.80 Td (lar) Tj ET Q q 0 0 0 rg BT 61.40 124.80 Td (gest producers of manufactured homes in the United States, based on reported wholesale shipments, marketed ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 111.60 Td (under a variety of brand names including Cavco Homes, Fleetwood Homes, Palm Harbor Homes, Fairmont Homes, ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 98.40 Td (Friendship Homes, Chariot Eagle and Lexington Homes. ) Tj ET Q endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 741.40 Td (The Company is also a leading producer of park model R) Tj ET Q q 0 0 0 rg BT 301.44 741.40 Td (Vs, vacation cabins, and systems-built commercial ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 728.20 Td (structures, as well as modular homes built primarily under the Nationwide Homes brand. Cavco's mortgage ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 715.00 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 94.50 715.00 Td (, CountryPlace Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer) Tj ET Q q 0 0 0 rg BT 471.30 715.00 Td (, a Ginnie Mae ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 701.80 Td (mortgage-backed securities issuer that of) Tj ET Q q 0 0 0 rg BT 230.01 701.80 Td (fers conforming mortgages, non-conforming mortgages and home-only ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 688.60 Td (loans to purchasers of factory-built homes. Our insurance subsidiary) Tj ET Q q 0 0 0 rg BT 350.18 688.60 Td (, Standard Casualty) Tj ET Q q 0 0 0 rg BT 435.31 688.60 Td (, provides property and ) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 50.00 675.40 Td (casualty insurance to owners of manufactured homes.) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 50.00 649.00 Td (Forward-Looking Statements ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 623.80 Td (Certain statements contained in this r) Tj ET Q q 0 0 0 rg BT 215.50 623.80 Td (elease ar) Tj ET Q q 0 0 0 rg BT 255.11 623.80 Td (e forwar) Tj ET Q q 0 0 0 rg BT 292.28 623.80 Td (d-looking statements within the meaning of Section 27A) Tj ET Q q 0 0 0 rg BT 537.41 623.80 Td ( of ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 610.60 Td (the Securities ) Tj ET Q q 0 0 0 rg BT 112.12 610.60 Td (Act of 1933, Section 21E of the Securities and Exchange ) Tj ET Q q 0 0 0 rg BT 362.72 610.60 Td (Act of 1934 and the Private Securities ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 597.40 Td (Litigation Reform ) Tj ET Q q 0 0 0 rg BT 131.08 597.40 Td (Act of 1995. In general, all statements that ar) Tj ET Q q 0 0 0 rg BT 331.10 597.40 Td (e not historical in natur) Tj ET Q q 0 0 0 rg BT 435.19 597.40 Td (e ar) Tj ET Q q 0 0 0 rg BT 452.19 597.40 Td (e forwar) Tj ET Q q 0 0 0 rg BT 489.37 597.40 Td (d-looking. ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 584.20 Td (Forwar) Tj ET Q q 0 0 0 rg BT 83.21 584.20 Td (d-looking statements ar) Tj ET Q q 0 0 0 rg BT 186.68 584.20 Td (e typically included, for example, in discussions r) Tj ET Q q 0 0 0 rg BT 404.09 584.20 Td (egar) Tj ET Q q 0 0 0 rg BT 423.84 584.20 Td (ding the manufactur) Tj ET Q q 0 0 0 rg BT 512.65 584.20 Td (ed housing ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 571.00 Td (and site-built housing industries; our financial performance and operating r) Tj ET Q q 0 0 0 rg BT 385.99 571.00 Td (esults; and the expected effect of ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 557.80 Td (certain risks and uncertainties on our business, financial condition and r) Tj ET Q q 0 0 0 rg BT 370.71 557.80 Td (esults of operations. ) Tj ET Q q 0 0 0 rg BT 462.18 557.80 Td (All forwar) Tj ET Q q 0 0 0 rg BT 507.31 557.80 Td (d-looking ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 544.60 Td (statements ar) Tj ET Q q 0 0 0 rg BT 108.56 544.60 Td (e subject to risks and uncertainties, many of which ar) Tj ET Q q 0 0 0 rg BT 343.40 544.60 Td (e beyond our contr) Tj ET Q q 0 0 0 rg BT 426.39 544.60 Td (ol. ) Tj ET Q q 0 0 0 rg BT 440.25 544.60 Td (As a r) Tj ET Q q 0 0 0 rg BT 466.12 544.60 Td (esult, our actual ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 531.40 Td (r) Tj ET Q q 0 0 0 rg BT 53.87 531.40 Td (esults or performance may differ materially fr) Tj ET Q q 0 0 0 rg BT 255.72 531.40 Td (om anticipated r) Tj ET Q q 0 0 0 rg BT 328.02 531.40 Td (esults or performance. Factors that could cause ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 518.20 Td (such differ) Tj ET Q q 0 0 0 rg BT 96.34 518.20 Td (ences to occur include, but ar) Tj ET Q q 0 0 0 rg BT 226.67 518.20 Td (e not limited to: adverse industry conditions; our ability to successfully ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 505.00 Td (integrate past acquisitions and any futur) Tj ET Q q 0 0 0 rg BT 228.34 505.00 Td (e acquisition or the ability to attain the anticipated benefits of such ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 491.80 Td (acquisitions; the risk that any past or futur) Tj ET Q q 0 0 0 rg BT 238.12 491.80 Td (e acquisition may adversely impact our liquidity; involvement in ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 478.60 Td (vertically integrated lines of business, including manufactur) Tj ET Q q 0 0 0 rg BT 314.47 478.60 Td (ed housing consumer finance, commer) Tj ET Q q 0 0 0 rg BT 483.61 478.60 Td (cial finance and ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 465.40 Td (insurance; a constrained consumer financing market; curtailment of available financing for r) Tj ET Q q 0 0 0 rg BT 461.73 465.40 Td (etailers in the ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 452.20 Td (manufactur) Tj ET Q q 0 0 0 rg BT 100.31 452.20 Td (ed housing industry; our participation in certain wholesale and r) Tj ET Q q 0 0 0 rg BT 386.81 452.20 Td (etail financing pr) Tj ET Q q 0 0 0 rg BT 462.78 452.20 Td (ograms for the ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 439.00 Td (pur) Tj ET Q q 0 0 0 rg BT 64.87 439.00 Td (chase of our pr) Tj ET Q q 0 0 0 rg BT 131.38 439.00 Td (oducts by industry distributors and consumers may expose us to additional risk of cr) Tj ET Q q 0 0 0 rg BT 502.81 439.00 Td (edit loss; ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 425.80 Td (significant warranty and construction defect claims; our contingent r) Tj ET Q q 0 0 0 rg BT 354.50 425.80 Td (epur) Tj ET Q q 0 0 0 rg BT 374.26 425.80 Td (chase obligations r) Tj ET Q q 0 0 0 rg BT 458.18 425.80 Td (elated to wholesale ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 412.60 Td (financing; market for) Tj ET Q q 0 0 0 rg BT 143.69 412.60 Td (ces and housing demand fluctuations; net losses wer) Tj ET Q q 0 0 0 rg BT 374.56 412.60 Td (e incurr) Tj ET Q q 0 0 0 rg BT 409.29 412.60 Td (ed in certain prior periods and ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 399.40 Td (ther) Tj ET Q q 0 0 0 rg BT 67.31 399.40 Td (e can be no assurance that we will generate income in the futur) Tj ET Q q 0 0 0 rg BT 346.13 399.40 Td (e; a write-off of all or part of our goodwill; the ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 386.20 Td (cyclical and seasonal natur) Tj ET Q q 0 0 0 rg BT 170.88 386.20 Td (e of our business; limitations on our ability to raise capital; competition; our ability to ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 373.00 Td (maintain r) Tj ET Q q 0 0 0 rg BT 95.73 373.00 Td (elationships with independent distributors; our business and operations being concentrated in certain ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 359.80 Td (geographic r) Tj ET Q q 0 0 0 rg BT 106.72 359.80 Td (egions; labor shortages; pricing and availability of raw materials; unfavorable zoning or) Tj ET Q q 0 0 0 rg BT 500.77 359.80 Td (dinances; ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 346.60 Td (loss of any of our executive officers; or) Tj ET Q q 0 0 0 rg BT 221.58 346.60 Td (ganizational document pr) Tj ET Q q 0 0 0 rg BT 334.22 346.60 Td (ovisions delaying or making a change in contr) Tj ET Q q 0 0 0 rg BT 538.20 346.60 Td (ol ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 333.40 Td (mor) Tj ET Q q 0 0 0 rg BT 67.32 333.40 Td (e difficult; volatility of stock price; general deterioration in economic conditions and continued turmoil in the ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 320.20 Td (cr) Tj ET Q q 0 0 0 rg BT 58.75 320.20 Td (edit markets; incr) Tj ET Q q 0 0 0 rg BT 136.55 320.20 Td (eased costs of healthcar) Tj ET Q q 0 0 0 rg BT 242.15 320.20 Td (e benefits for employees; governmental and r) Tj ET Q q 0 0 0 rg BT 440.91 320.20 Td (egulatory disruption, ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 307.00 Td (including federal government shutdowns; information technology failur) Tj ET Q q 0 0 0 rg BT 365.50 307.00 Td (es and data security br) Tj ET Q q 0 0 0 rg BT 465.92 307.00 Td (eaches; extensive ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 293.80 Td (r) Tj ET Q q 0 0 0 rg BT 53.87 293.80 Td (egulation affecting manufactur) Tj ET Q q 0 0 0 rg BT 189.72 293.80 Td (ed housing; potential financial impact on the Company fr) Tj ET Q q 0 0 0 rg BT 442.29 293.80 Td (om the subpoenas we ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 280.60 Td (r) Tj ET Q q 0 0 0 rg BT 53.87 280.60 Td (eceived fr) Tj ET Q q 0 0 0 rg BT 96.52 280.60 Td (om the SEC; the risk of potential litigation or r) Tj ET Q q 0 0 0 rg BT 302.96 280.60 Td (egulatory action, and costs and expenses, arising fr) Tj ET Q q 0 0 0 rg BT 529.56 280.60 Td (om the ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 267.40 Td (SEC subpoenas) Tj ET Q BT /F2 11.00 Tf ET 0 0 0 RG /GS0 gs 1.05 w 0 i [] 0 d 1 J 1 j 3 M 118.75 265.678564453125 m 121.5 265.678564453125 l s q 0 0 0 rg BT 118.75 267.40 Td ( ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 121.50 267.40 Td (and the events described in or cover) Tj ET Q q 0 0 0 rg BT 280.54 267.40 Td (ed by the SEC subpoenas, including the Company's ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 254.20 Td (indemnification obligations and insurance costs r) Tj ET Q q 0 0 0 rg BT 268.06 254.20 Td (egar) Tj ET Q q 0 0 0 rg BT 287.81 254.20 Td (ding such matters; potential r) Tj ET Q q 0 0 0 rg BT 418.17 254.20 Td (eputational damage that the ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 241.00 Td (Company may suffer as a r) Tj ET Q q 0 0 0 rg BT 168.45 241.00 Td (esult of the matters that ar) Tj ET Q q 0 0 0 rg BT 284.45 241.00 Td (e the subject of the subpoenas fr) Tj ET Q q 0 0 0 rg BT 425.80 241.00 Td (om the SEC, as well as the ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 227.80 Td (r) Tj ET Q q 0 0 0 rg BT 53.87 227.80 Td (esults of the investigation being carried out by the ) Tj ET Q q 0 0 0 rg BT 277.00 227.80 Td (Audit Committee of the Boar) Tj ET Q q 0 0 0 rg BT 403.07 227.80 Td (d of Dir) Tj ET Q q 0 0 0 rg BT 437.50 227.80 Td (ectors; together with all of ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 214.60 Td (the other risks described in our filings with the Securities and Exchange Commission. Readers ar) Tj ET Q q 0 0 0 rg BT 478.24 214.60 Td (e specifically ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 201.40 Td (r) Tj ET Q q 0 0 0 rg BT 53.87 201.40 Td (eferr) Tj ET Q q 0 0 0 rg BT 74.85 201.40 Td (ed to the Risk Factors described in Item 1A) Tj ET Q q 0 0 0 rg BT 265.27 201.40 Td ( of the 2018 Form 10-K, as may be amended fr) Tj ET Q q 0 0 0 rg BT 471.08 201.40 Td (om time to time, ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 188.20 Td (which identify important risks that could cause actual r) Tj ET Q q 0 0 0 rg BT 293.40 188.20 Td (esults to differ fr) Tj ET Q q 0 0 0 rg BT 366.02 188.20 Td (om those contained in the forwar) Tj ET Q q 0 0 0 rg BT 511.36 188.20 Td (d-looking ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 175.00 Td (statements. Cavco expr) Tj ET Q q 0 0 0 rg BT 151.93 175.00 Td (essly disclaims any obligation to update any forwar) Tj ET Q q 0 0 0 rg BT 379.15 175.00 Td (d-looking statements contained in this ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 161.80 Td (r) Tj ET Q q 0 0 0 rg BT 53.87 161.80 Td (elease, whether as a r) Tj ET Q q 0 0 0 rg BT 149.70 161.80 Td (esult of new information, futur) Tj ET Q q 0 0 0 rg BT 283.43 161.80 Td (e events or otherwise. Investors should not place any r) Tj ET Q q 0 0 0 rg BT 523.15 161.80 Td (eliance ) Tj ET Q BT /F4 11.00 Tf ET q 0 0 0 rg BT 50.00 148.60 Td (on any such forwar) Tj ET Q q 0 0 0 rg BT 134.84 148.60 Td (d-looking statements.) Tj ET Q endstream endobj 9 0 obj <> /View <>>>>> endobj 10 0 obj <> /View <>>>>> endobj 11 0 obj <> endobj 12 0 obj <> stream xy\E7~n{{w'd'52 HaGPPA!"" b-&h,+TLy?:uk?uΩoH""?W~.Xv3&rm 2\jMgwm'CڴzlycǏ\ rBjx\DsV@{twocmC{Iwl11z:1m!t-\q3D.:yz'Wɨp[_F=>E"ǢӦ/|K&_~=!wn-az3¦h$7,ؑ2Oo_eSFLlk}Fg[F>|;