Havertys CEO Clarence Smith to retire Jan 1, 2025; President Burdette to succeed as CEO

HAVERTY FURNITURE COMPANIES INC

Clarence H. Smith retires as CEO effective Jan 1, 2025; becomes executive chairman.
Steven G. Burdette, 63, currently president, will become president and CEO and join the board.
Burdette's base salary increased to $650,000; short-term target incentive raised to 100% from 70% of salary.
Smith's base salary decreased to $600,000; long-term incentive reduced to $450,000 from $1,482,000.
Burdette has been with Havertys since 1983; was president since 2021.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Steven G. Burdette

president and chief executive officer

HVT · HAVERTY FURNITURE COMPANIES INC

Effective: 2025-01-01
Filed: November 12, 2024, 6:59 PM ET

Steven G. Burdette, 63, Havertys’ president will become president and chief executive officer and a member of the Board.

Appointed

Steven G. Burdette

director

HVT · HAVERTY FURNITURE COMPANIES INC

Effective: 2025-01-01
Filed: November 12, 2024, 6:59 PM ET

With the election of Burdette to the Board on the Effective Date

Role change

Clarence H. Smith

executive chairman

HVT · HAVERTY FURNITURE COMPANIES INC

Effective: 2025-01-01
Successor: Steven G. Burdette
Filed: November 12, 2024, 6:59 PM ET

Clarence H. Smith, Havertys’ chief executive officer and chairman will retire from his position as chief executive officer and will continue his service on the Board as executive chairman.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven G. Burdette changed role as president and chief executive officer at HAVERTY FURNITURE COMPANIES INC.

Action: become
Role: president and chief executive officer

Exact text from the filing

Steven G. Burdette, 63, Havertys’ president will become president and chief executive officer and a member of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven G. Burdette was elected as director at HAVERTY FURNITURE COMPANIES INC.

Action: elected
Role: director

Exact text from the filing

With the election of Burdette to the Board on the Effective Date

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Clarence H. Smith changed role as executive chairman at HAVERTY FURNITURE COMPANIES INC.

Action: retire
Role: executive chairman

Exact text from the filing

Clarence H. Smith, Havertys’ chief executive officer and chairman will retire from his position as chief executive officer and will continue his service on the Board as executive chairman.

View on SEC.gov

HAVERTY FURNITURE COMPANIES INC filing history →

Source: SEC EDGAR

accession 0000216085-24-000020

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