Appointment of Lisa L. Daniels to Cavco Industries Board of Directors

On October 27, 2025, Cavco Industries, Inc. announced the appointment of Lisa L. Daniels to its Board of Directors, increasing the board size from 7 to 8 members. Ms. Daniels, a former Vice Chair of Growth and Strategy at KPMG, brings over 35 years of experience in professional services, including expertise in financial, regulatory, and technology-related risks. She has been appointed to the Audit Committee and the Corporate Governance and Nominating Committee. Ms. Daniels will participate in the company's non-employee director compensation policy and will enter into a standard indemnification agreement. The appointment was announced in a press release dated October 28, 2025, which is attached as Exhibit 99.1 to the Form 8-K filing.