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Legacy Housing Corp (symbol: LEGH) is the issuer of record for a Form 4 filing submitted to the SEC.
Legacy Housing Corp (symbol: LEGH) is the issuer of record for a Form 4 filing submitted to the SEC.
Legacy Housing Corp (symbol: LEGH) is the issuer of record for a Form 4 filing submitted to the SEC.
Legacy Housing Corporation announced that its Board appointed co-founder Kenneth E. Shipley, 67, as Chairman of the Board and Chief Executive Officer, effective August 13, 2026. Shipley has served in multiple senior roles at the company since 2018 and has over 32 years of experience in the manufactured home industry, including ownership and operation of Bell Mobile Homes in Lubbock, Texas.
Shipley has no written employment agreement and, after consultation with the independent directors, agreed to a $50,000 annual salary as CEO, working full-time with no fixed employment term. The company reiterates that Curtis D. Hodgson retired as Executive Chairman and director effective July 21, 2026.
The disclosure also describes related-party transactions: Bell Mobile Homes and entities under the Shipley name buy manufactured homes from Legacy. As of December 31, 2025, Legacy reported specific receivable, payable, and sales balances with these parties under Item 404(a) of Regulation S‑K.
Legacy Housing Corporation set its 2026 Annual Meeting of Stockholders for October 28, 2026, to be held at 11:00 a.m. Central Time solely via virtual, remote communication. The Board designated the close of business on September 14, 2026 as the record date for determining stockholders entitled to notice of, and to vote at, the meeting.
Because this meeting date is more than 30 days earlier than the 2025 meeting held on December 18, 2025, the company reset key stockholder deadlines. Proposals under Rule 14a-8 must be received by the Corporate Secretary by the close of business on September 4, 2026. For director nominations and other business outside Rule 14a-8, written notice must be delivered by the close of business on August 24, 2026. Stockholders intending to solicit proxies in support of alternative director nominees under Rule 14a-19 must provide notice by August 29, 2026.
Legacy Housing Corporation reports that Curtis D. Hodgson has decided to retire from his roles as Executive Chairman and member of the Board of Directors. He notified the Board on July 17, 2026, with his retirement and resignation from the Board effective July 21, 2026, at 5 p.m.
Hodgson, who is 72 years old and did not serve on any Board committees, expressed in an email to the Board that it was a difficult decision but that it felt like the right time to step down. His email to the Board, dated July 17, 2026, is provided as Exhibit 99.1.
Legacy Housing Corporation reported its financial results for the first quarter ended March 31, 2026. Management described the quarter as solid, with net income and diluted earnings per share growing year-over-year despite a modest decline in revenue and ongoing macroeconomic headwinds.
The company highlighted strong performance in its retail and direct sales channels and noted that its loan portfolios continue to perform well. Legacy ended the quarter with $14.1 million in cash and an essentially undrawn revolving credit facility, indicating meaningful liquidity. Management also emphasized a large workforce housing order received during the quarter, which it plans to deliver over coming quarters, and reiterated confidence in long-term demand for affordable manufactured housing.
Legacy Housing Corporation reported net revenue of $34.4 million for the three months ended March 31, 2026, slightly below $35.7 million a year earlier as product sales volumes declined. Net income rose to $10.9 million from $10.3 million, with diluted earnings per share increasing to $0.46 from $0.41.
Product sales fell to $21.6 million as inventory finance sales dropped, while interest income from consumer, mobile home park and dealer loans grew to $11.3 million. Other revenue more than doubled to $1.5 million, helped by higher land sales. Operating expenses decreased, supporting higher operating income of $12.4 million.
Cash increased to $14.1 million and inventories to $50.4 million, partly reflecting units produced for a large workforce-housing order backed by a non‑refundable $7.1 million deposit. The company also authorized a $10.0 million stock repurchase program and bought 30,740 shares for about $0.6 million in the quarter.
Legacy Housing Corporation filed its annual report detailing 2025 performance and financial condition. Net revenue was $164.6 million, down 10.7% from 2024, and net income fell to $41.8 million from $61.6 million as unit sales declined to 1,703 homes. The company completed the $19.9 million AmeriCasa acquisition, expanding retail, financing and SaaS capabilities, and ended the year with $8.5 million in cash and an undrawn $50 million revolver. Book value per share increased to $22.20, aided by repurchasing 346,406 shares for $7.6 million. The independent auditor issued an unqualified opinion on the financial statements but an adverse opinion on internal control over financial reporting due to material weaknesses.