CAVCO, ex-CFO under SEC fire for insider trading
The company has faced recent controversy with charges levied by the Securities and Exchange Commission (SEC) that its former CFO, Daniel Urness, committed insider trading. According to the SEC complaint, the company used non-public information obtained through merger discussions with another public company to trade securities, netting profit. The SEC has also cited the company for compliance failures, as Urness circumvented insider trading policies that allegedly went ignored. Urness and the company’s former CEO, Joseph Stegmayer, were also accused of misleading the company’s auditor and a related investigation by the Financial Industry Regulatory Authority in 2018.
COVID|Structural|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.