Legacy Housing Management

Management criteria checks 4/4

Legacy Housing's CEO is Duncan Bates, appointed in Jun 2022, has a tenure of 2.42 years. total yearly compensation is $400.00K, comprised of 75% salary and 25% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth €818.12K. The average tenure of the management team and the board of directors is 4.3 years and 5.4 years respectively.

Key information

Duncan Bates

Chief executive officer

US$400.0k

Total compensation

CEO salary percentage	75.0%
CEO tenure	2.4yrs
CEO ownership	0.1%
Management average tenure	4.3yrs
Board average tenure	5.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Duncan Bates's remuneration changed compared to Legacy Housing's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$54m
Jun 30 2024	n/a	n/a	US$54m
Mar 31 2024	n/a	n/a	US$53m
Dec 31 2023	US$400k	US$300k	US$54m
Sep 30 2023	n/a	n/a	US$67m
Jun 30 2023	n/a	n/a	US$66m
Mar 31 2023	n/a	n/a	US$68m
Dec 31 2022	US$362k	US$167k	US$68m
Sep 30 2022	n/a	n/a	US$62m
Jun 30 2022	n/a	n/a	US$60m
Mar 31 2022	n/a	n/a	US$55m
Dec 31 2021	US$55k	n/a	US$50m
Sep 30 2021	n/a	n/a	US$47m
Jun 30 2021	n/a	n/a	US$42m
Mar 31 2021	n/a	n/a	US$40m
Dec 31 2020	US$20k	n/a	US$38m

Compensation vs Market: Duncan's total compensation ($USD400.00K) is below average for companies of similar size in the German market ($USD1.46M).

Compensation vs Earnings: Duncan's compensation has been consistent with company performance over the past year.

CEO

Duncan Bates (36 yo)

2.4yrs

Tenure

US$400,000

Compensation

Mr. Robert Duncan Bates, also known as Duncan, serves as President & Chief Executive Officer at Legacy Housing Corporation since June 07, 2022. He served as an Independent Director at Legacy Housing Corpor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Curtis Hodgson	Co-Founder & Executive Chairman of the Board	6.8yrs	US$200.00k	17.36% € 103.2m
Robert Bates	President & CEO	2.4yrs	US$400.00k	0.14% € 818.1k
Kenneth Shipley	Founder	19.8yrs	US$50.00k	35.79% € 212.6m
Jeffrey Fiedelman	Chief Financial Officer	1.2yrs	US$601.28k	no data
Mary Saenz	Director of HR & Regulatory Compliance	4.3yrs	no data	no data
Max Africk	Corporate Secretary & General Counsel	1.7yrs	no data	no data
Ed Spaeth	Sales Manager	no data	no data	no data
Larry Badgley	Director of Corporate Development	no data	US$150.00k	no data
Charles Mack	Chief Marketing Officer	5.8yrs	no data	no data

4.3yrs

Average Tenure

60yo

Average Age

Experienced Management: 519's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Curtis Hodgson	Co-Founder & Executive Chairman of the Board	6.8yrs	US$200.00k	17.36% € 103.2m
Kenneth Shipley	Founder	6.8yrs	US$50.00k	35.79% € 212.6m
Jeffrey Stouder	Independent Director	3.9yrs	US$67.00k	0.050% € 295.9k
Brian Ferguson	Independent Director	less than a year	US$20.00k	no data

5.4yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 519's board of directors are considered experienced (5.4 years average tenure).

Legacy Housing Management

Management criteria checks 4/4

Key information

Recent management updates

Legacy Housing Corporation, Annual General Meeting, Dec 04, 2024

Independent Director recently bought €95k worth of stock

Legacy Housing Corporation Appoints Brian J. Ferguson as Director

Legacy Housing Corporation, Annual General Meeting, Dec 01, 2023

Legacy Housing Corporation Announces Executive Changes

Founder recently sold €233k worth of stock

Recent updates

Third quarter 2024 earnings released: EPS: US$0.65 (vs US$0.66 in 3Q 2023)

Legacy Housing Corporation, Annual General Meeting, Dec 04, 2024

Legacy Housing Corporation to Report Q3, 2024 Results on Nov 12, 2024

Second quarter 2024 earnings released: EPS: US$0.67 (vs US$0.62 in 2Q 2023)

Legacy Housing Corporation to Report Q2, 2024 Results on Aug 08, 2024

First quarter 2024 earnings released: EPS: US$0.62 (vs US$0.67 in 1Q 2023)

Legacy Housing Corporation to Report Q1, 2024 Results on May 09, 2024

Independent Director recently bought €95k worth of stock

Investor sentiment deteriorates as stock falls 16%

New major risk - Revenue and earnings growth

Full year 2023 earnings released: EPS: US$2.23 (vs US$2.78 in FY 2022)

Legacy Housing Corporation to Report Fiscal Year 2023 Results on Mar 15, 2024

Legacy Housing Corporation Appoints Brian J. Ferguson as Director

Investor sentiment improves as stock rises 21%

New major risk - Revenue and earnings growth

Third quarter 2023 earnings released: EPS: US$0.66 (vs US$0.60 in 3Q 2022)

Legacy Housing Corporation, Annual General Meeting, Dec 01, 2023

Legacy Housing Corporation to Report Q3, 2023 Results on Nov 09, 2023

Legacy Housing Corporation Announces Executive Changes

Second quarter 2023 earnings released: EPS: US$0.62 (vs US$0.71 in 2Q 2022)

Legacy Housing Corporation to Report Q2, 2023 Results on Aug 09, 2023

Founder recently sold €233k worth of stock

Key Executive recently sold €193k worth of stock

Key Executive recently sold €332k worth of stock

Key Executive recently sold €624k worth of stock

First quarter 2023 earnings released: EPS: US$0.67 (vs US$0.66 in 1Q 2022)

Founder recently sold €121k worth of stock

Founder recently sold €86k worth of stock

Full year 2022 earnings released: EPS: US$2.78 (vs US$2.06 in FY 2021)

Founder recently sold €544k worth of stock

Founder recently sold €398k worth of stock

Third quarter 2022 earnings released: EPS: US$0.60 (vs US$0.61 in 3Q 2021)

Legacy Housing Corporation (NasdaqGS:LEGH) announces an Equity Buyback for $10 million worth of its shares.

Legacy Housing Corporation, Annual General Meeting, Nov 29, 2022

Legacy Housing Corporation to Report Q3, 2022 Results on Nov 08, 2022

Key Executive recently sold €181k worth of stock

Legacy Housing Reports Second Quarter 2022 Financial Results and Regains Compliance with SEC Filings

First quarter 2022 earnings released: EPS: US$0.66 (vs US$0.37 in 1Q 2021)

Legacy Housing Corporation Provides Earnings Guidance for the Six Months Ended June 30, 2022

Legacy Housing Corporation Announces Management Changes

Legacy Housing Corporation Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q

Legacy Housing Receives Notice of Nasdaq Deficiency Related to Delayed Filing of Quarter Report

Legacy Housing Corporation announced delayed 10-Q filing

Legacy Housing Receives Notification of Deficiency from Nasdaq Related to Delayed Filing of Annual Report on Form 10K

Legacy Housing Corporation Announces Executive Changes

Investor sentiment improved over the past week

Third quarter 2021 earnings released: EPS US$0.61 (vs US$0.35 in 3Q 2020)

Co-Founder recently sold €147k worth of stock

Co-Founder recently sold €265k worth of stock

Second quarter 2021 earnings released: EPS US$0.51 (vs US$0.41 in 2Q 2020)

Legacy Housing Corporation(NasdaqGS:LEGH) dropped from Russell 2500 Growth Index

Legacy Housing Corporation announced delayed annual 10-K filing

New 90-day high: €13.70

Investor sentiment improved over the past week

New 90-day high: €12.50

Legacy Housing Corporation(NasdaqGS:LEGH) dropped from Russell 2000 Dynamic Index

Revenue beats expectations

Third quarter 2020 earnings released: EPS US$0.35

Market bids up stock over the past week

First half earnings released

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure