Legacy Housing Corporation Announces Core Manufacturing & Financing Initiatives, and Leadership Transition
Legacy Housing (NASDAQ: LEGH) completed a company realignment and introduced the Legacy 250 initiative and Legacy Ultimate Series ahead of 2026. New product features include taller roof pitches, wider floors, vaulted ceilings, an optional 8x12 shed storage module, and an under-home 21 SEER concealed-duct mini-split heat pump. The company emphasized modern floorplans with integrated dining bars, media-focused family rooms and hotel-quality walk-in showers.
The Board completed a year-long strategic review; the CEO, CFO and General Counsel resigned and Kenny Shipley and Ron Arrington are serving as interim CEO and interim CFO while the Board evaluates candidates for a refreshed management team focused on manufacturing and operational efficiency.
Legacy Housing (NASDAQ: LEGH) ha completato un riassetto aziendale e ha introdotto l'iniziativa Legacy 250 e la Legacy Ultimate Series in vista del 2026. Le nuove caratteristiche di prodotto includono tetti con pendenze più elevate, pavimenti più larghi, soffitti a volta, un modulo di stoccaggio fienile opzionale 8x12 e una pompa di calore mini-split con condotto nascosto da 21 SEER sotto la casa. L'azienda ha enfatizzato layout moderni con banconi integrati per la sala da pranzo, soggiorni incentrati sui media e docce walk-in di qualità alberghiera.
Il Consiglio ha completato una revisione strategica di un anno; il CEO, il CFO e il General Counsel si sono dimessi e Kenny Shipley e Ron Arrington stanno servendo come CEO ad interim e CFO ad interim mentre il Consiglio valuta candidati per un management rinnovato focalizzato su produzione ed efficienza operativa.
Legacy Housing (NASDAQ: LEGH) completó una reestructuración de la empresa e introdujo la iniciativa Legacy 250 y la Legacy Ultimate Series de cara a 2026. Las nuevas características del producto incluyen pendientes de techo más altas, suelos más anchos, techos abovedados, un módulo de almacenamiento tipo cobertizo de 8x12 opcional y una bomba de calor mini-split de conducto oculto de 21 SEER bajo la vivienda. La compañía enfatizó planos de planta modernos con barras de comedor integradas, salas familiares centradas en medios y duchas tipo hotel con acceso sin escalones.
La Junta completó una revisión estratégica de un año; el CEO, el CFO y el Asesor General renunciaron y Kenny Shipley y Ron Arrington están sirviendo como CEO interino y CFO interino mientras la Junta evalúa candidatos para un equipo de gestión renovado centrado en la fabricación y la eficiencia operativa.
Legacy Housing (NASDAQ: LEGH)는 회사 재편을 완료하고 Legacy 250 이니셔티브와 Legacy Ultimate Series를 2026년을 앞두고 도입했습니다. 새로운 제품 특징으로는 더 높은 지붕 경사, 더 넓은 바닥, 볼드 천장, 선택적 8x12 창고 보관 모듈과 주거하부의 21 SEER 은폐 덕식 미니 스플릿 열펌프가 포함됩니다. 회사는 식당 바가 통합된 현대적인 평면 배치, 미디어 중심의 가족 공간, 호텔급 워크인 샤워실을 강조했습니다.
이사회는 1년 간의 전략 검토를 완료했습니다; CEO, CFO, 법률 고문이 사임했고 Kenny Shipley와 Ron Arrington이 이사회가 새로운 경영진 후보를 평가하는 동안 임시 CEO와 임시 CFO로 재직하고 있습니다. 제조 및 운영 효율성에 중점을 둔 개편된 경영진을 모색 중입니다.
Legacy Housing (NASDAQ: LEGH) a réalisé une réorganisation de l'entreprise et a introduit l'initiative Legacy 250 ainsi que la Legacy Ultimate Series avant 2026. Les nouvelles caractéristiques produit comprennent des toits plus inclinés, des planchers plus larges, des plafonds voûtés, un module de stockage de type remise optionnel 8x12 et une pompe à chaleur mini-split à conduit dissimulé 21 SEER sous le domicile. L'entreprise a mis l'accent sur des plans d'étage modernes avec des bars de repas intégrés, des salles familiales axées sur les médias et des douches à l'italienne de qualité hôtel.
Le Conseil d'administration a terminé une revue stratégique d'un an; le PDG, le directeur financier et le conseiller juridique général ont démissionné et Kenny Shipley et Ron Arrington assurent respectivement les fonctions de PDG et de directeur financier par intérim pendant que le Conseil évalue des candidats pour une équipe de direction renouvelée axée sur la fabrication et l'efficacité opérationnelle.
Legacy Housing (NASDAQ: LEGH) hat eine Unternehmens-Neuausrichtung abgeschlossen und die Legacy 250-Initiative sowie die Legacy Ultimate Series vor 2026 eingeführt. Neue Produktmerkmale umfassen höhere Dachneigungen, breitere Bodenkonzepte, Gewölbedecken, ein optionales 8x12 Scheunen-Stauragemodul und eine unter dem Haus verborgene 21 SEER konduktierte Mini-Split-Heiz-/Kühlpumpe. Das Unternehmen hob moderne Grundrisse mit integrierten Essbereichen, medienorientierten Familienräumen und hotelreifen begehbaren Duschen hervor.
Der Vorstand hat eine einjährige strategische Überprüfung abgeschlossen; der CEO, CFO und der General Counsel haben gekündigt, und Kenny Shipley und Ron Arrington arbeiten als Interim-CEO bzw. Interim-CFO, während der Vorstand Kandidaten für ein erneuertes Management-Team prüft, das sich auf Fertigung und operative Effizienz konzentriert.
Legacy Housing (NASDAQ: LEGH) أكملت إعادة تنظيم الشركة وقدمّت مبادرة Legacy 250 و Legacy Ultimate Series قبل عام 2026. تشمل الميزات الجديدة للمنتج أسقفاً أعلى، وأسقف مقببة، وأرضيات أوسع، ووحدة تخزين كراج اختيارية 8x12 ومضخة هواء/تكييف mini-split بقناة مخفية 21 SEER أسفل المنزل. أكدت الشركة على مخططات طابقية حديثة مع بار طعام مدمج وغرف عائلية مركزة على الوسائط ودشات فندقية الجودة.
أكمل المجلس مراجعة إستراتيجية استمرت عامًا؛ استقال الرئيس التنفيذي، والمدير المالي ومستشار القانون العام وKenny Shipley وRon Arrington يعملان كـ CEO/CFO مؤقتين بينما يقيّم المجلس مرشحين لفريق إدارة مجدد يركز على التصنيع والكفاءة التشغيلية.
Legacy Housing (NASDAQ: LEGH) 完成了公司重组，并在2026年前推出 Legacy 250 计划和 Legacy Ultimate Series。新产品特征包括更高的屋顶坡度、 更宽的地板、 拱顶天花板、 一个可选的 8x12 露仓模组，以及位于房屋下方的 21 SEER 隐藏导管迷你分体式空调泵。公司强调现代化的平面布局，集成就餐吧、以媒体为中心的家庭活动室，以及酒店级的步入式淋浴间。
董事会完成了一年的战略评估；首席执行官、首席财务官和法务总顾问辞职，Kenny Shipley 和 Ron Arrington 担任临时CEO和临时CFO，董事会在评估有望组建的以制造和运营效率为核心的新管理团队的候选人。
- Launched Legacy 250 initiative and Legacy Ultimate Series
- Introduced optional 8x12 shed storage module for increased usable living space
- Deployed industry-first 21 SEER concealed-duct mini-split placed under the home
- Board completed a year-long strategic review and refreshed corporate focus on manufacturing
- Resignation of CEO, CFO and General Counsel creates near-term leadership vacancy
- Interim management in place while Board evaluates permanent executive candidates
BEDFORD, Texas, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Legacy Housing Corporation (“Legacy” or the “Company,” NASDAQ: LEGH), a leading manufacturer of community-focused manufactured homes, announced the completion of a significant company realignment, including its new Legacy 250 initiative and a refresh of its management structure.
In anticipation of the Nation’s 250th Anniversary, Legacy has redesigned and reimagined its category-leading mobile homes to focus on delivering the American Dream. “Legacy homes are taller, wider and better,” said Company co-founder and director Curtis Hodgson. “With taller roof pitches, the widest floors in class and vaulted ceilings in every room, we offer a unique product that families can be proud to call home.”
As part of the Legacy 250 initiative, the Company introduced the Legacy Ultimate Series. In 2026, Legacy 250 home models will celebrate both the Nation’s 250th birthday and Legacy’s role in providing a key component of the American Dream: home ownership. These models include another industry first – the new 8x12 shed storage module. This feature will be offered as an optional add-on to Legacy 250 home models, providing customers with a functional quality-of-life upgrade by freeing up a significant amount of storage space from the home’s primary living area.
“We have developed modern floorplans that are family-friendly and designed for modern living,” said Jeff Linder, sales associate of the Company. “Our integrated dining bars, media-focused family rooms and five-star bathrooms deliver a custom home feel at an accessible price point. Customers love spaces for big-screen TVs and the two shower heads featured in our new hotel-quality walk-in showers.”
The Company’s research into energy efficiency has led to another pioneering feature: industry-first 21 SEER concealed-duct “mini-split” heat pumps. This system is located entirely under the home, allowing for even more usable area inside the home’s living space.
Legacy’s realignment includes a change to the Company’s executive leadership team. Following a comprehensive year-long strategic review conducted by the Company’s Board of Directors with assistance from a leading investment banking firm, the Company’s Chief Executive Officer, Chief Financial Officer and General Counsel have resigned. While the Board of Directors is evaluating candidates for the Company’s new management team, Company co-founder and Chairman Kenny Shipley will serve as interim Chief Executive Officer and Company veteran Ron Arrington will serve as interim Chief Financial Officer. This transition reflects Legacy’s commitment to aligning its leadership and operations with a renewed focus on its core manufacturing competencies.
The strategic review highlighted the Company’s strength in producing the highest quality mobile homes in the industry, as well as significant progress in its administrative systems. With those systems now in place, Legacy will develop a management team to prioritize operational excellence and innovation in manufacturing. “The Legacy team has navigated the pandemic, rapid inflation, changes to interest rates and secular industry changes,” said Mr. Hodgson. “Looking forward, the Board of Directors is focused on a team and corporate structure that will enhance Legacy’s ability to maximize the value of its assets on the balance sheet, improve efficiency in production and deliver unparalleled value to the Legacy family of homeowners.”
“At the end of the day, we want Legacy homeowners to sleep well in our homes,” Mr. Shipley said, “and Legacy investors to sleep well at night owning our stock.”
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 one of the largest producers of manufactured homes in the United States. 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
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Securities 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.
Media Inquiries
Kira Hovancik, (817) 799-4905
pr@legacyhousingcorp.com
FAQ
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