---
schema_version: "secwatch.filing_event.v1"
accession: "0000216085-24-000020"
form_type: "8-K"
ticker: "HVT"
cik: "0000216085"
company_name: "HAVERTY FURNITURE COMPANIES INC"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:21:29.438457+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000216085-24-000020
- form_type: 8-K
- ticker: HVT
- cik: 0000216085
- company_name: HAVERTY FURNITURE COMPANIES INC
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/216085/000021608524000020/0000216085-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/216085/000021608524000020/hvt8k111224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000216085-24-000020
- JSON: https://secwatch.observer/filing/0000216085-24-000020.json
- Plain text: https://secwatch.observer/filing/0000216085-24-000020.txt

## Key facts
- Executive change
  Steven G. Burdette changed role as president and chief executive officer at HAVERTY FURNITURE COMPANIES INC.
  - Action: become
  - Role: president and chief executive officer
  source text: Steven G. Burdette, 63, Havertys’ president will become president and chief executive officer and a member of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/216085/000021608524000020/0000216085-24-000020-index.htm
- Executive change
  Steven G. Burdette was elected as director at HAVERTY FURNITURE COMPANIES INC.
  - Action: elected
  - Role: director
  source text: With the election of Burdette to the Board on the Effective Date
  evidence_url: https://www.sec.gov/Archives/edgar/data/216085/000021608524000020/0000216085-24-000020-index.htm
- Executive change
  Clarence H. Smith changed role as executive chairman at HAVERTY FURNITURE COMPANIES INC.
  - Action: retire
  - Role: executive chairman
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/216085/000021608524000020/0000216085-24-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.