Independent
Tenure on this board
7.4 yrs
Also a director at
Cs Disco Inc (LAW)
3 nominees · 3 ballot items.
Elect three Class II directors; advisory vote to approve named executive officer compensation; ratify independent registered public accounting firm (RSM US LLP); and transact other business.
Elect three Class II directors (Susan Blount, Bill Boor, and Lisa Daniels) to serve until the 2029 Annual Meeting.
Non-binding, advisory vote to approve the compensation paid to the Company’s named executive officers as disclosed in the proxy.
The proposal asks stockholders to cast a non-binding advisory vote to approve the Company's executive compensation disclosures and program for named executive officers (NEOs) as presented in the proxy, including the CD&A and related tables. Management is seeking this advisory approval to reaffirm stockholder support for its pay practices, which emphasize pay-for-performance through a mix of base salary, performance-based short-term incentives (STIP), and long-term incentives (RSUs and PRSUs). The Compensation Committee and Board argue the program aligns executives’ interests with stockholders via performance metrics tied to adjusted pre-tax income, market share growth, relative TSR vs. peer group, and return on invested capital, and that safeguards like clawback policy and independent consultant oversight mitigate excessive risk-taking. The Board recommends a vote “FOR,” noting prior high stockholder support (~98.7% in 2025) and stating they will consider the advisory vote results in future compensation decisions; if approved, the non-binding vote legitimizes the current compensation design, while failure would trigger reconsideration of pay practices by the Committee.
Ratify the appointment of RSM US LLP as Cavco’s independent registered public accounting firm for fiscal year 2027.
| # | Owner | % of shares | Shares | Value |
|---|---|---|---|---|
| 1 | BlackRock, Inc. | 11.5% | 884,081 | $428M |
| 2 | Capital World Investors | 8.0% | 616,579 | $299M |
| 3 | STATE STREET CORP | 5.2% | 401,905 | $195M |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 4.5% | 348,123 | $169M |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 4.1% | 317,722 | $154M |
| 6 | Boston Partners | 3.6% | 278,025 | $135M |
| 7 | FIDUCIARY MANAGEMENT INC /WI/ | 3.5% | 267,514 | $130M |
| 8 | BlackRock, Inc. | 2.9% | 223,864 | $108M |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 2.8% | 213,222 | $103M |
| 10 | DIMENSIONAL FUND ADVISORS LP | 2.3% | 180,100 | $87M |
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