Street Calls of the Week
Legacy Housing Corporation (NASDAQ:LEGH) announced that on Monday, Chief Financial Officer Jeffrey M. Fiedelman submitted his resignation, effective Friday. According to a statement in the company’s SEC filing, Mr. Fiedelman’s resignation was a personal decision and not related to any disagreement with the company regarding its financial operations, policies, or procedures.
On Tuesday, the Board of Directors appointed Ronald C. Arrington as Interim Chief Financial Officer, effective upon Mr. Fiedelman’s departure. Mr. Arrington will serve as the company’s principal financial officer and principal accounting officer until a successor is named.
Mr. Arrington, age 63, is currently a Development Manager at Legacy Housing, having worked with its mobile home communities since September 2024. He previously served as the company’s Chief Financial Officer from May 2022 to September 2023. His background includes over 35 years in financial leadership roles across aerospace, construction, manufacturing, and retail sectors, including positions as chief financial officer, finance vice president, and corporate controller.
The company stated that Mr. Arrington has no arrangements or understandings with any other person related to his appointment, and neither he nor his immediate family has any material interest in transactions requiring disclosure under SEC regulations. There are also no family relationships between Mr. Arrington and any director or executive officer of the company.
This information is based on a statement from Legacy Housing Corporation’s recent SEC filing.
In other recent news, Legacy Housing Corp reported its second-quarter 2025 earnings, which exceeded market expectations. The company achieved an earnings per share of $0.61, surpassing the forecast of $0.55, representing a 10.91% surprise. Revenue also outperformed projections, reaching $50.2 million compared to the anticipated $43.53 million, marking a 15.32% surprise. Additionally, Legacy Housing announced a change in leadership as President and CEO Robert Duncan Bates resigned, effective October 10, 2025. Kenneth E. Shipley, the company’s co-founder and executive vice president, has been appointed as the interim chief executive officer. The company stated that Bates’ resignation was a personal decision and not due to disagreements over company operations or policies. Shipley will hold the position while Legacy Housing searches for a permanent replacement. These developments reflect significant changes and achievements within the company.
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