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<SEC-DOCUMENT>0000950153-08-000146.txt : 20080411
<SEC-HEADER>0000950153-08-000146.hdr.sgml : 20080411
<ACCEPTANCE-DATETIME>20080131131411
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0000950153-08-000146
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20080131

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAVCO INDUSTRIES INC
		CENTRAL INDEX KEY:			0000278166
		STANDARD INDUSTRIAL CLASSIFICATION:	MOBILE HOMES [2451]
		IRS NUMBER:				860214910
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		1001 N. CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004
		BUSINESS PHONE:		602-256-6263

	MAIL ADDRESS:	
		STREET 1:		1001 N. CENTRAL AVE
		STREET 2:		SUITE 800
		CITY:			PHOENIX
		STATE:			AZ
		ZIP:			85004
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
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<HEAD>
<TITLE>corresp</TITLE>
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">January&nbsp;30, 2008
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B><I>By Federal Express and EDGAR</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Mr.&nbsp;John Cash<BR>
Accounting Branch Chief<BR>
Division of Corporate Finance<BR>
Securities and Exchange Commission<BR>
100 F Street, N.E.<BR>
Washington D.C. 20549

</DIV>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Re:</TD>
    <TD>&nbsp;</TD>
    <TD>Cavco Industries, Inc.<BR>
Form&nbsp;10-K for the fiscal year ended March&nbsp;31, 2007<BR>
Filed May&nbsp;22, 2007<BR>
File #0-8822</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt">Dear Mr.&nbsp;Cash:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On behalf of Cavco Industries, Inc. (&#147;Cavco&#148; or &#147;the Company&#148;), we are providing the following
responses to the comments of the staff (the &#147;<U>Staff</U>&#148;) of the Securities and Exchange
Commission (the &#147;Commission&#148;) contained in your January&nbsp;17, 2008 letter regarding the
above-referenced filing. For ease of reference, the Staff&#146;s comments are reproduced below.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Form&nbsp;10-K for the fiscal year ended March&nbsp;31, 2007</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Item&nbsp;9A. Controls and Procedures, page 26</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>We note your disclosure that your chief executive officer and chief financial officer concluded
that your disclosure controls and procedures were effective in enabling you to record, process,
summarize and report information required to be included in your periodic SEC filings within the
required time period. Please confirm to us and revise future filings to clarify, if true, that
your officers concluded that your disclosure controls and procedures are also effective for the
purpose of ensuring that material information required to be in this report is made known to
management and others, as appropriate, to allow timely decisions regarding required disclosures.
Alternatively, in future filings you may simply conclude that your disclosure controls and
procedures are effective or ineffective, whichever the case may be. See Exchange Act Rule
13a-</I><I>15(e)</I><I>. This comment is also applicable to your </I><I>Form 10-Qs</I><I> for the periods ended June&nbsp;30, 2007
and September&nbsp;30, 2007.</I></TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securities and Exchange Commission<BR>
January&nbsp;30, 2008<BR>
Page 2

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Cavco Response:</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We confirm that, based upon the evaluations described in: (i)&nbsp;Item&nbsp;9A of our Form 10-K, for
the fiscal year ended March&nbsp;31, 2007, and (ii)&nbsp;Item&nbsp;4 of our Form 10-Qs for the periods ending June
30, 2007 and September&nbsp;30, 2007, that as of the end of the periods covered by those reports, our
disclosure controls and procedures were also effective for the purpose of ensuring that material
information required to be in those reports were made known to management and others, as
appropriate, to allow timely decisions regarding required disclosures. We will conclude in future
filings that our disclosure controls and procedures are effective or ineffective, whichever the
case may be, in accordance with Rule&nbsp;13a-15(e).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Signatures, page 30</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>The </I><I>Form 10-K</I><I> should also be signed by the company&#146;s controller or principal accounting officer
whose title should be shown on the signature page.</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Cavco Response:</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Daniel Urness, Chief Financial Officer, is also the principal accounting officer of the
Company. We will indicate as such in future filings to comply with this comment.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><U><B>Proxy Statement</B></U>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><U><B>Executive Compensation, page 15</B></U>
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Provide the information for each of the last three fiscal years pursuant to Item&nbsp;</I><I>402(c)(1)</I><I> of
Regulation&nbsp;S-K.</I></TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B><I>Cavco Response:</I></B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Generally, Item&nbsp;402(c)(1) of Regulation&nbsp;S-K requires that a registrant&#146;s Summary Compensation
Table disclose compensation information for the last three completed fiscal years. However, last
year, only one year of named executive officer compensation was required pursuant to the
transitional rule set forth in SEC Release NOS. 33-8732A; 34-54302A, which provides in relevant
part:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>&#147;Commenters expressed some confusion concerning the periods for which disclosure
under the new rules and amendments will be required during the transition from the
former rules. As we noted in the Proposing Release, <B><I>companies will not be required
to &#147;restate&#148; compensation </I></B>or related person transaction disclosure for fiscal years
for which they previously were required to apply our rules prior to the effective
date of today&#146;s amendments. This means, for example, that <B><I>only the most recent
fiscal year will be required to be reflected in the revised Summary Compensation
Table </I></B>when the new rules and amendments applicable to the Summary Compensation Table
become effective, and therefore the information for years prior to the most recent
fiscal year will not have to be</TD>
</TR>

</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Securities and Exchange Commission<BR>
January&nbsp;30, 2008<BR>
Page 3

</DIV>

<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" nowrap align="left">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>presented at all. For the subsequent year&#146;s Summary Compensation Table, companies
will be required to present only the most recent two fiscal years in the Summary
Compensation Table, and for the next and all subsequent years will be required to
present all three fiscal years in the Summary Compensation Table.&#148;</TD>
</TR>

</TABLE>
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">See page 196 of SEC Release NOS. 33-8732A; 34-54302A. Accordingly, we believe that additional
compensation information is not required.
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>***</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We acknowledge to the Staff that:
</DIV>


<DIV style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we are responsible for the adequacy and accuracy of the disclosure in our filings;</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Staff comments or changes to disclosure in response to Staff comments do not
foreclose the Commission from taking any action with respect to the filing; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="4%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we may not assert Staff comments as a defense in any proceeding initiated by the
Commission or any person under the federal securities laws of the United States.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Should the Staff have any additional questions or comments after reviewing this response
letter, we would appreciate an opportunity to discuss these comments or questions with the Staff
prior to the distribution of another comment letter. Please do not hesitate to contact me at
602-283-9205 with any questions, or if you wish to discuss the above response.
</DIV>


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Daniel L. Urness
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Daniel L. Urness&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><FONT style="white-space: nowrap">Vice President and Chief Financial Officer</FONT><BR>
<FONT style="white-space: nowrap">(Principal Financial and Accounting Officer)</FONT>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left">Cc:</TD>
    <TD>&nbsp;</TD>
    <TD>William Heimerdinger, Ernst &#038; Young LLP<BR>
Matthew Feeney, Snell &#038; Wilmer LLP</TD>
</TR>
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>




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