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CVCO.US
id: 156
On November 8, 2018, the Company reported to the SEC that for the period ending September 29, 2018, it believed its recently-departed CEO, Stegmayer, “traded in certain publicly traded stock in his personal accounts as well as in accounts held by the Company at a time when the Company had agreed to refrain from such trading.” Furthermore, the Company reported that the SEC had issued subpoenas to it, and also to Stegmayer, relating to the trading in the stock of another public company.
On this news, shares of Cavco fell by 23% to close at $165.20 per share on November 9, 2018.
Going forward, On September 2, 2021, the SEC filed a complaint against Cavco, former CEO Joseph Stegmayer, and former CFO and Chief Compliance Officer Daniel Urness. The SEC complaint alleged that Stegmayer and Urness caused Cavco to purchase shares of publicly traded companies on material non-public information.
Case Status
Attorney Investigation
Alleged Offence
Mismanagement
Misleading Statements
Failure to Disclose
Insider Trading
Malpractice
Negligence
Breach of Fiduciary duty
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
08 November 2018
Collecting participants…

Cavco Industries Inc

Cavco Industries, Inc. designs, produces, and retails factory-built homes primarily in the United States. It operates in two segments, Factory-Built Housing and Financial Services. The company mark...

    Ticker
    CVCO.US
    ISIN
    US1495681074
    CIK
    278166
    Sector
    Consumer Cyclical
    Industry
    Residential Construction
    Country
    USA
    Address
    3636 North Central Avenue, Phoenix, AZ, United States, 85012