Legacy Housing Corp 2024年度报告

FORM10-K (Mark One) Legacy Housing Corporation(Exact Name of Registrant as Specified in its Charter) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Yes◻No Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d)of the Act. Yes◻ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file suchreports), and (2)has been subject to such filing requirements for the past 90days.Yes☒No◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of RegulationS-T during the preceding 12months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No◻ Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of Regulation S-K is not contained herein, andwill not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference inPartIII of this Form10-K or any amendment to this Form10-K.◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of theeffectiveness of its internal control over financial reporting under section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by theregistered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.◻ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes◻No☒ The aggregate market value of the registrant’s common equity held by non-affiliates as of June 30, 2024 (the last business dayof the registrant’s most recently completed second fiscal quarter) was $249,717,499; 10,885,680 shares of common stock were held bynon-affiliates. For purposes of the foregoing calculation only, all directors and the executive officers who were SEC reporting personsof the Registrant as of June 30, 2024 have been deemed affiliates. As of March 12, 2025, the total number of shares outstanding of the registrant’s common stock was24,129,362shares. Documents Incorporated by Reference: None TABLE OF CONTENTS 1PagePARTIItem1. Business2Item1A. Risk Factors13Item1B. Unresolved Staff Comments13Item 1C. Cybersecurity13Item2. Properties14Item3. Legal Proceedings14Item4. Mine Safety Disclosures14PARTIIItem5. Market for Registrant’s Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities15Item6. Selected Financial Data16Item7. Management’s Discussion and Analysis of Financial Condition and Results ofOperations16Item7A. Quantitative and Qualitative Disclosures About Market Risk24Item8. Financial Statements and Supplementary Data25Item9. Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure59Item9A. Controls and Procedures59Item9B. Other Information60PARTIIIItem10. Directors, Executive Officers and Corporate Governance61Item11. Executive Compensation66Item12. Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters77Item13. Certain Relationships and Related Transactions, and Director Independence79Item14. Principal AccountingFees and Services79PARTIVItem15. Exhibits and Financial Statement Schedules81 PARTI ITEM1.BUSINESS. Forward-Looking Statements This Annual Report on Form 10-K (this “Form 10-K”) contains forward-looking statements.Forward-looking statements are predictions based on expectations and projections about future events,and are not statements of historical fact. Forward-looking statements include statements concerningbusiness strategy, among other things, including antic