How Shipley was paid
$50,000 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Bonus | Options | Total |
|---|---|---|---|---|
| Curtis D. HodgsonExecutive Chairman of the Board | $50,000 | — | — | $50,000 |
| Kenneth E. ShipleyChief Executive Officer and Director | $50,000 | — | — | $50,000 |
| R. Duncan BatesFormer President and Chief Executive Officer | $284,699 | $70,000 | — | $354,699 |
| Jon A. LangbertChief Financial Officer | — | — | $184,106 | $184,106 |
| Jeffrey M. FiedelmanFormer Chief Financial Officer | $255,264 | — | — | $255,264 |
| Ronald C. ArringtonFormer Interim Chief Financial Officer | $124,904 | — | — | $124,904 |
What changed and why
- $50,000$50,000 was Kenneth E. Shipley’s 2025 total compensation after becoming CEO in October.
- $355K$354,699 was R. Duncan Bates’s 2025 total, including a $70,000 bonus, before his October resignation.
- $184K$184,106 was Jon A. Langbert’s total compensation, consisting entirely of option awards.
- No pension, nonqualified deferred compensation, or other deferred compensation plans are provided to NEOs.
Other Legacy Housing proxy statements
- 2025 proxy statement
R. Duncan Bates paid $400,000 (0% on the year), pay ratio 12:1.
Filed Nov 12, 2025
About this page
The figures were read out of the DEF 14A proxy statement on EDGAR by a language model and every number was then checked against the filing text; a figure that could not be found there is left out rather than shown. Totals follow SEC rules, which value stock and option awards at grant. Read the filing for footnotes and the compensation committee's full reasoning.