secwatch.observer — SEC 8-K summary
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Issuer:     HAVERTY FURNITURE COMPANIES INC (HVT)
CIK:        0000216085
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0000216085-24-000020
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000020/0000216085-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/216085/000021608524000020/hvt8k111224.htm
  HTML page:      https://secwatch.observer/filing/0000216085-24-000020

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer