6 unchanged sentences
Issuer Purchases of Equity Securities
−Removed: As announced on February 1, 2024, October 31, 2024, and May 22, 2025 the Board approved $100 million, $100 million, $150 million for the stock repurchase program, respectively, under the same terms as previous plans.
−Removed: The repurchase programs are funded using our available cash.
+Added: The Board approved an additional $150 million for the stock repurchase program as announced on May 22, 2025, and another $150 million as announced on May 21, 2026.
+Added: The repurchase program is funded using our available cash.
The repurchases may be made in the open market or in privately negotiated transactions in compliance with applicable state and federal securities laws and other legal requirements.
−Removed: The level of repurchase activity is subject to market conditions and other investment opportunities.
−Removed: The repurchase programs do not obligate us to acquire any particular amount of common stock and may be suspended or discontinued at any time.
+Added: The level of repurchase activity is subject to market conditions, applicable legal requirements and other strategic capital needs and opportunities.
+Added: The repurchase program does not obligate us to acquire any particular amount of common stock and may be suspended or discontinued at any time.
Share repurchase activity during the three months ended March 28, 2026 was as follows:
−Removed: Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of the Publicly Announced Programs 1 Approximate Dollar Value of Shares That May Yet Be Purchased Under the Programs
+Added: Period Total Number of Shares Purchased Average Price Paid Per Share
+Added: Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1)
+Added: Approximate Dollar Value of Shares That May Yet Be Purchased Under the Programs
December 28, 2025 to
−Removed: February 1, 2025 66,500 $ 456.31 66,500 $ 80,653
+Added: January 31, 2026 32,800 $ 627.01 32,800 $ 77,313
February 1, 2026 to
−Removed: March 1, 2025 — — — 80,653
+Added: February 28, 2026 18,125 520.38 18,125 67,881
March 1, 2026 to
1 unchanged sentence
50,925 50,925
−Removed: 1 The stock repurchase plan announced on February 1, 2024 approved $100 million stock.
−Removed: There are no funds remaining as of March 29, 2025 from this approval.
−Removed: The stock repurchase plan announced on October 31, 2024 approved $100 million stock.
−Removed: The stock repurchase plan announced on May 22, 2025 approved $150 million stock.
−Removed: None of the plans have expiration dates.
+Added: (1) The stock repurchase plan announced on May 22, 2025 approved $150 million in stock repurchases and there is $68 million remaining as of March 28, 2026 from this approval.
+Added: This plan does not have an expiration date.
Performance Graph
1 unchanged sentence
Home Construction ETF.
−Removed: The comparison assumes $100 (with reinvestment of all dividends) was invested on March 28, 2020, in Cavco common stock and in each of the foregoing indices.
+Added: The comparison assumes $100 (with reinvestment of all dividends) was invested on April 3, 2021, in Cavco common stock and in each of the foregoing indices.
CAVCO INDUSTRIES, INC.
5 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.