Joseph Stegmayer is the Chairman, President, and CEO of Cavco Industries, Inc., a leading company in the manufactured housing industry. Born in 1967, he holds a bachelor’s degree in business administration which laid a strong foundation for his career. He...

Current Market Cap

$3.65B

Number of Employees

7K

Total Compensation

2015 - 2019

Trending down by -39.56% last year
Showing total compensation for the last 2015 - 2019

Stock

Up by 18.21% last year

Salary

Up by 46.90% last year

Bonus

Down by -77.85% last year

Other

Down by -73.75% last year

Year

2019

Total Compensation

$1.89M

Salary

$793.27K

Board Justification

The compensation program is designed to attract, retain, and motivate highly qualified executives, linking individual compensation to financial measures that affect shareholder value.

Bonus

$425.00K

Board Justification

Annual cash incentive bonuses based on performance, with a target of $825,000 for fiscal 2020.

Other

$33.87K

Board Justification

Includes life insurance premiums, legal expenses for reviewing the employment agreement, and reimbursement of relocation expenses.

Restricted Stock

$638.42K(4.3K RSU)

Board Justification

Performance-based restricted stock units that vested at target level based on performance criteria over a three-year period.

Performance Metrics

Performance metrics for bonuses are based on pre-tax profit for the Company's manufactured housing and financial services business segments.

SEC Filing

From June 15, 2020