“As President, Fleetwood Homes, Inc. at CAVCO INDUSTRIES INC., Charles E. Lott made $856,073 in total compensation,” said Salary. “Of this total $250,000 was received as a salary, $527,860 was received as a bonus, $0 was received in stock options, $76,970 was awarded as stock and $1,243 came from other types of compensation. This information is according to proxy statements filed for the 2020 fiscal year.”
For a background flashback, on April 19, 2005, the LA Times reported that “Charley Lott is the second retired manager to return to the company in less than two months.” A few months later, Fleetwood Retail Corp. ended up as Berkshire Hathaway owned Clayton Homes assets.
But Cavco Industries ultimately got their hands around Fleetwood as well as other once independent producers of HUD Code manufactured homes.
Post “Debacle,” Lott’s insider trades were previously reported as follows.
Fast forward With those background elements not found in the press release below, now fast forward to May 3, 2021. The following is per once higher-flying Cavco Industries.
PHOENIX, AZ, May 3, 2021 – Cavco Industries (NASDAQ: CVCO) (“Cavco” or the “Company”) announces that after a career of more than 50 years as a respected leader in the manufactured home industry, Charley Lott has decided to retire from Cavco’s subsidiary Fleetwood Homes, Inc. and as head of the Company’s manufactured housing organization effective July 9, 2021.
Charley Lott began his career with Fleetwood Enterprises at their plant in Douglas, Georgia, in 1970. Ten years later, Charley joined Flintstone Industries, a small, private manufacturer, where, as President, he led the company to increase revenues tenfold and was instrumental in taking the company public. In 1987, Charley returned to Fleetwood and ultimately was named head of the company’s 40-plus plant manufacturing operation. In 2008, Charley joined Cavco as part of the Fleetwood acquisition and has played a critical role in the Company’s growth and success over the last thirteen years.
Upon Charley’s retirement, Brian Cira will assume the role of President, Manufactured Housing. He started his 38-year industry career with Redman Homes in 1983. After a brief time with Skyline Homes, Brian joined Fairmont Homes in sales and worked his way up to become president. Brian joined Cavco in 2015 with the purchase of Fairmont Homes. In his new role, Brian will assume leadership of Cavco’s manufacturing plants and the associated functions of sales, purchasing, engineering, and product development.
Bill Boor, President and CEO, commented, “We want to congratulate Charley on a remarkable 50-year career. Recently, he was inducted into the MH/RV Hall of Fame, which is well-deserved recognition of his significant contributions, not only to Fleetwood and Cavco, but also to our industry as a whole. Throughout his career, he has helped countless people in our industry grow and achieve their personal goals. Charley’s impact on the Company’s consistent success cannot be overstated and will continue to be felt for many years to come.”
Mr. Boor continued, “Brian leads with enthusiasm, a positive attitude and a focus on results and continuous improvement. I look forward to our work together during an exciting time for our company.”
About Cavco Industries, Inc.
Cavco Industries, Inc., headquartered in Phoenix, Arizona, designs and produces factory-built housing products primarily distributed through a network of independent and Company-owned retailers. We are one of the largest producers of manufactured homes in the United States, based on reported wholesale shipments and marketed under a variety of brand names including Cavco, Fleetwood, Palm Harbor, Fairmont, Friendship, Chariot Eagle and Destiny. We are also a leading producer of park model RVs, vacation cabins and systems-built commercial structures, as well as modular homes. Cavco’s finance subsidiary, Country Place Mortgage, is an approved Fannie Mae and Freddie Mac seller/servicer and a Ginnie Mae mortgage-backed securities issuer that offers conforming mortgages, non-conforming mortgages and home-only loans to purchasers of factory-built homes. Our insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes. Additional information about Cavco can be found at https://www.cavco.com.”
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What Else is Missing?
It is often a sign of human nature, as well as of corporate nature, to put the best foot forward. While the information made be accurate enough, it also leaves out much. The linked reports fill in much of the historic information that is largely lacking In Cavco’s release.
Notice: While the arrangement or layout of this report has been modified, several elements of the basic concepts used before are still the same. The headlines that follow below can be reviewed at a glance to save time while providing insights across the left-right media divide. Additionally, those headlines often provide clues as to possible ‘market moving’ reports.
Market Indicator Closing Summaries – Yahoo Finance Closing Tickers on MHProNews…
Headlines from left-of-center CNN Business
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- Google’s offices stand in downtown Manhattan on October 20, 2020 in New York City. Accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets, the Justice Department and 11 states Tuesday filed an antitrust case against Google.
- Google backtracks on office returns and will allow employees to work remotely
- In this Feb. 1, 2019 photo, Bill and Melinda Gates are interviewed in Kirkland, Wash. The couple, whose foundation has the largest endowment in the world, are pushing back against a new wave of criticism about whether billionaire philanthropy is a force for good. They said they’re not fazed by recent blowback against wealthy giving, including viral moments at the World Economic Forum and the shifting political conversation about taxes and socialism.
- Why Bill and Melinda Gates’ divorce will probably be drama free
- In this photo provided by the New York Stock Exchange, specialist Meric Greenbaum, right, works at his post on the floor, Monday May 3, 2021. Stocks were solidly higher Monday, and investors cheered a strong dose of positive earnings reports as well as economic data that showed the U.S. economy is growing.
- ETFs are the latest market mania Wall Street can’t avoid
- WHAT TO WATCH
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- Conan announces his last show after 30 years in late night
- Photo of Bill and Melinda Gates sharing a Coke at a basketball game in 1993.
- 1993 video captures Bill and Melinda Gates engaged and sharing a Coke
- Watch these UK commandos fly over the sea with new jet pack
- Businesses set vaccine mandate for workers
- SUCCESS
- In this Feb. 1, 2019 photo, Bill and Melinda Gates are interviewed in Kirkland, Wash. The couple, whose foundation has the largest endowment in the world, are pushing back against a new wave of criticism about whether billionaire philanthropy is a force for good. They said they’re not fazed by recent blowback against wealthy giving, including viral moments at the World Economic Forum and the shifting political conversation about taxes and socialism.
- Why Bill and Melinda Gates’ divorce will probably be drama free
- Bonnie Jacobson, who was fired from her server job in February when she told her manager she wanted time to research effects of the Covid-19 vaccine before getting the shot.
- Going back into work? Prepare to prove you’ve been vaccinated
- Used cars sit on the sales lot at Autometrics Quality Used Cars on March 15, 2021 in El Cerrito, California. Used car prices have surged 17 percent during the pandemic and economists are monitoring the market as a possible indicator of future increased inflation in the economy overall.
- Now is a great time to sell your old car. Used car sales are soaring
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- He tried to cash in on the NFT craze by auctioning a house. It didn’t work
- TECH
- Google’s offices stand in downtown Manhattan on October 20, 2020 in New York City. Accusing the company of using anticompetitive tactics to illegally monopolize the online search and search advertising markets, the Justice Department and 11 states Tuesday filed an antitrust case against Google.
- Google backtracks on office returns and will allow employees to work remotely
- Jeff Bezos, chief executive officer of Amazon.com Inc. and founder of Blue Origin LLC, speaks at the unveiling of the Blue Origin New Shepard system during the Space Symposium in Colorado Springs, Colorado, U.S., on Wednesday, April 5, 2017. Bezos has been reinvesting money he made at Amazon since he started his space exploration company more than a decade ago, and has plans to launch paying tourists into space within two years.
- Jeff Bezos’ Blue Origin to auction ticket for first space tourism flight
- Facebook CEO Mark Zuckerberg listens during a joint hearing of the Senate Commerce, Science and Transportation Committee and Senate Judiciary Committee on Capitol Hill April 10, 2018 in Washington, DC. Facebook chief Mark Zuckerberg took personal responsibility Tuesday for the leak of data on tens of millions of its users, while warning of an “arms race” against Russian disinformation during a high stakes face-to-face with US lawmakers.
- Facebook tried to punt the Trump decision. That backfired
- Dell lays out its plans for the future
- MEDIA
- Republicans and right-wing media use Facebook Oversight Board’s Trump decision to claim bias
- The New York Daily News with headlines regarding the coronavirus outbreak on March 16 2020.
- New York Daily News makes a plea for local ownership as hedge fund takeover looms
- The New York Times building is seen on June 30, 2020 in New York City. – The New York Times has become the highest-profile media organization to leave Apple News, saying the tech giant’s service was not helping achieve the newspaper’s subscription and business goals. The daily’s exit comes as news organizations around the world struggle with declining print readership and an online environment where ad revenue is dominated by Google and Facebook.
- As subscriber growth slows, The New York Times reveals 100 million registered users
- How right-wing media pushed Covid-19 disinformation
Headlines from right-of-center Newsmax
- SD Gov. Noem Rips Media for Dubbing Sturgis Motorcycle Rally a ‘Super-Spreader’ Event
- The Biden Presidency
- Biden Says He’s Open to Compromise on Corporate Tax Rate Hike
- Robert Gates: Security Assistance Must Continue in Afghanistan
- DOJ Reviewing Court Decision on Eviction Moratorium
- Dem Moderates Concerned Biden’s Massive Spending Could Affect Midterms
- Biden Looking at Issuing Clemency to Prisoners Early in Term
- AOC, Sen. Markey Push $10B, 1.5M-Person Climate Corps
- WH Eyes Subsidies for Nuclear Plants to Help Meet Climate Targets
- Bill Johnson to Newsmax TV: Dems Paying a Ransom to Stem Immigrant Flow
- Yellen: Not Predicting or Recommending Fed Rate Hike
- More The Biden Presidency
- Newsfront
- Atlanta Ordered to Reinstate Policeman Charged With Killing Black Man
- The city of Atlanta must reinstate a police officer charged in the fatal shooting of a Black man outside a Wendy’s restaurant in June, an oversight board said on Wednesday, ruling that he was wrongly terminated.The Atlanta Civil Service Board ruled that the city failed to…
- Iran Releases Video Showing Its Forces Blowing Up U.S. Capitol
- Even as the Biden administration engages in diplomacy aimed at
- Fauci: Pfizer Vaccine for Teens Expected to Be Approved Within Days
- The Pfizer vaccine is expected to be approved for 12-to 15-year-olds [Full Story]
- Related
- CDC Director Walensky: Efforts Growing Against Vaccine Hesitancy
- Biden Says Unvaxed Can ‘Die Every Day’ Same Day He Sets July 4 Vax Goal
- BioNTech Founders: Pandemic Will Continue Until Mid-2022
- US Says G7 Activities Will Go Ahead as Planned After COVID Scare
- CDC Advances Plan for Resumption of US Passenger Cruises
- Gottlieb: Biden’s Goal of 70 Percent Vaccinated Achievable
- Trump Beats Facebook No Matter How Panel Rules, Experts Say
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- Related
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- Trump Launches New Platform to Communicate With Followers
- Kennedy: Social Media Firms Are ‘Common Carriers’
- Facebook Board Upholds Trump Ban But Orders New Review
- Mark Meadows: Facebook’s Trump Ban ‘Sad Day’ For Site, America
- White House Dodges Comment on Facebook Board Trump Decision
- What Is Facebook’s Oversight Board?
- Noem Blasts Media for Calling Sturgis Motorcycle Rally a ‘Super-Spreader’ Event
- South Dakota Gov. Kristi Noem, a Republican, claimed during an
- SEC Chief Signals New Rules in Wake of GameStop Frenzy
- S. Securities and Exchange Commission Chairman Gary Gensler sent
- Biblical Remedy Is Exposed, Democrats in Panic. Watch This Video
- SPONSOR: Congress takes out patent for ancient pain relief
- Opinion: Elise Stefanik Is Not All That Different From Liz Cheney
- In a political realm where there is a clear distinction between those
- Related
- McConnell: 100 Percent Focused on Opposing Dems, Not Cheney
- Cheney Could Be ‘Toast’ in Fight With Trump Over GOP Future
- Cuomo: Broadway at 100 Percent Seating in September
- New York Gov. Andrew Cuomo said Wednesday that Broadway theaters will
- SPONSOR: Its true, 1000s of investors are using a secret IRS loophole
- LeBron: ‘I Fueled the Wrong Conversation’ on Ma’Khia Bryant
- The NBA’s LeBron James is sidelined with an ankle injury but it has
- Special Master Sought to Review Seized Giuliani, Toensing Materials
- Federal prosecutors, in a departure from usual Justice Department
- US Military Spec Watch Is Indestructible And Now Available To Florida Civilians
- Modern Patriot
- Texas Moves to Stop Chinese Power Firm From Taking Land Near Military Base
- Texas lawmakers are trying to stop a Chinese firm from infiltrating
- Federal Court Overturns Pandemic Eviction Moratorium
- A federal judge in Washington, D.C., on Wednesday vacated a
- Florida Drivers with No Recent Tickets Are Getting a Big Pay Day in April
- Smart Lifestyle Trends
- Kushner Forms Abraham Accord Institute for Peace
- Former President Donald Trump’s son-in-law Jared Kushner is forming
- Peloton Recalling Treadmills After Reports of 1 Child’s Death, Multiple Injuries
- Exercise equipment maker Peloton Interactive Inc is recalling its [Full Story]
- SPONSOR: Navelliers investing report of the year – Free
- Over Half of People in Democracies Feel Freedoms Restricted During COVID
- Fifty-eight percent of people living in the world’s democracies are
- Nearly 20M More People Hit by Food Crises Last Year
- Nearly 20 million more people faced food crises last year amid armed
- Blue Origin to Launch Space Tourism Ticket Sales Wednesday
- Blue Origin, billionaire Jeff Bezos’ rocket company, is poised to
- Severe Storms, Flooding Rain Continues to Drench South
- Relentless wind and rain keeps pummeling much of the southeastern
- Judge Orders DOJ to Release Memo Barr Used in Clearing Trump of Obstruction
- A federal judge has ordered the release of a legal memorandum the
- Small Business COVID-19 Relief Program Runs Out of Money
- The government’s key COVID-19 relief program for small businesses has
- New Jersey Police Officer Fired for Calling BLM Protesters ‘Terrorists’
- A New Jersey township fired a police officer for describing Black
- Mike Kelly to Newsmax TV: Border Crisis Cover-Up
- The Biden administration has failed on the border crisis and is
- Dick Morris to Newsmax TV: Dems Want to Unionize US
- A little known-bill passed by the Democrat-held House threatens
- Nancy Mace to Newsmax TV: USPS Spying on Us
- The U.S. Postal Service’s program to covertly spy on Americans’
- Coke Halts Diversity Policy After Plan’s Author Resigns
- Coca-Cola has halted its controversial diversity policy where it
- Derek Chauvin Asks Judge for New Trial
- Former Minneapolis police officer Derek Chauvin asked a Minneapolis
- Bill and Melinda Gates’ Divorce Won’t Be a Fight
- While news of the decision by billionaire Microsoft co-founder Bill
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- Netanyahu Loses Mandate to Form Israel Govt, Opening Door for Rivals
- Israeli Prime Minister Benjamin Netanyahu’s mandate to form a
- Hot Mic Catches McCarthy Slamming Cheney
- House Minority Leader Kevin McCarthy said Tuesday in conversation
- Kissimmee: Why Are People Snapping Up This $89 AC Unit?
- More Newsfront
- Finance
- US Companies Add Most Jobs in Seven Months: ADP Report
- S. private employers in April added the most jobs in seven months, led by gains in industries hit hardest by the pandemic and signaling hiring will continue improve as the economy reopens and more Americans are vaccinated.
- Biden Says He’s Open to Compromise on Corporate Tax Rate Hike
- Gold CEO Blasts ‘Hysterical’ Investors Chasing Quick Cash
- Electric-Car Startup Lucid Hires Waymo Veteran as Finance Chief
- Yellen: Not Predicting or Recommending Fed Rate Hike
- More Finance
- Health
- Take ‘Baby Steps’ in Post-Vaccine Socializing, Say Experts
- According to USA Today, experts recommend taking baby steps if the thought of socializing is overwhelming…
- ‘Prediabetes’ Raises Odds for Heart Attack, Stroke
- Breathing Other People’s Smoke Can Raise Your Odds for Heart Failure
- Many Older Americans Aren’t Telling Their Doctors They Use Pot
- Your COVID-19 Booster May Be Patch or Pill
Manufactured Housing Industry Investments Connected Closing Equities Tickers
Some of these firms invest in manufactured housing, or are otherwise connected, but may do other forms of investing or business activities too.
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- NOTE: The chart below includes the Canadian stock, ECN, which purchased Triad Financial Services, a manufactured home industry lender
- NOTE: Drew changed its name and trading symbol at the end of 2016 to Lippert (LCII).
- NOTE: Deer Valley was largely taken private, say company insiders in a message to MHProNews on 12.15.2020, but there are still some outstanding shares of the stock from the days when it was a publicly traded firm. Thus, there is still periodic activity on DVLY.
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Spring 2021…
Berkshire Hathaway is the parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage and other factory built housing industry suppliers.
· LCI Industries, Patrick, UFPI, and LP each are suppliers to the manufactured housing industry, among others.
· AMG, CG, and TAVFX have investments in manufactured housing related businesses. For insights from third-parties and clients about our publisher, click here.
Enjoy these ‘blast from the past’ comments.
MHProNews. MHProNews – previously a.k.a. MHMSM.com – has celebrated our 11th year of publishing, and is starting our 12the year of serving the industry as the runaway most-read trade media.
Sample Kudos over the years…
It is now 11+ years and counting…
Learn more about our evolutionary journey as the industry’s leading trade media, at the report linked below.
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Disclosure. MHProNews holds no positions in the stocks in this report.
That’s a wrap on this installment of “News Through the Lens of Manufactured Homes and Factory-Built Housing” © where “We Provide, You Decide.” © (Affordable housing, manufactured homes, stock, investing, data, metrics, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
