Transition Agreement, dated as of November 8, 2018, by and between Cavco Industries, Inc. and Joseph StegmayerTransition Agreement • November 8th, 2018 • Cavco Industries Inc. • Mobile homes • Arizona
This letter confirms our discussions regarding your resignation from your current positions as Chairman of the Board and President and Chief Executive Officer of Cavco Industries, Inc. (“Cavco” or the “Company”) and from any and all positions you may hold as an officer or director of any of its subsidiaries, and to transition to a new role with the Company. Set forth below is information about your new position and other administrative matters, and a transition agreement and release of claims for your consideration.
Employment Arrangement Letter, dated as of November 8, 2018, by and between Daniel L. Urness and Cavco Industries, Inc.Employment Arrangement Letter • November 8th, 2018 • Cavco Industries Inc. • Mobile homes • Arizona
Given that you are becoming the President and Acting Chief Executive Officer of Cavco Industries, Inc., a Delaware corporation (“Cavco” or the “Company”) on even date herewith, I wanted to set forth the understanding of you (herein, “Executive”) and the Company (through the Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of the Company, pursuant to powers and authority delegated by the Board to the Committee) with respect to your compensation going forward.
Indemnification Agreement, dated as of November 8, 2018, by and between Daniel L. Urness and Cavco Industries, Inc. INDEMNIFICATION AGREEMENTIndemnification Agreement • November 8th, 2018 • Cavco Industries Inc. • Mobile homes • Delaware
This INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into as of the 8th day of November, 2018 by and between Cavco Industries, Inc., a Delaware corporation (the “Company”), and Daniel L. Urness, the Company’s President and Acting Chief Executive Officer (the “Officer”).
