Legacy Housing Realigns Executive Team Post Strategic Review; Co-Founder Kenny Shipley Named Interim CEO, Ron Arrington Appointed As Interim CFO, Amid Manufacturing-Focused Realignment

Legacy Housing

Legacy Housing

LEGH

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Legacy Housing Corporation (("Legacy" or the "Company, NASDAQ:LEGH), a leading manufacturer of community-focused manufactured homes, announced the completion of a significant company realignment, including its new Legacy 250 initiative and a refresh of its management structure.

Legacy's realignment includes a change to the Company's executive leadership team. Following a comprehensive year-long strategic review conducted by the Company's Board of Directors with assistance from a leading investment banking firm, the Company's Chief Executive Officer, Chief Financial Officer and General Counsel have resigned. While the Board of Directors is evaluating candidates for the Company's new management team, Company co-founder and Chairman Kenny Shipley will serve as interim Chief Executive Officer and Company veteran Ron Arrington will serve as interim Chief Financial Officer. This transition reflects Legacy's commitment to aligning its leadership and operations with a renewed focus on its core manufacturing competencies.