other material
confidence high
sentiment neutral
materiality 0.40
Hooker Furnishings sets FY2024 executive compensation with unchanged base salaries and new equity grants
HOOKER FURNISHINGS Corp
- Base salaries unchanged: CEO $600k, CFO $375k, President Domestic Upholstery $330k, SVP Ops $300k.
- Cash incentive up to 165% of base at 125%+ of net income target; threshold at 80% target.
- CEO awarded 10,892 time-based RSUs; other executives 2,403–3,267 RSUs; vest over 3 years.
- PSUs tied to absolute and relative EPS growth over FY2024–FY2026; threshold 5% growth.
- Compensation Committee approved on April 10, 2023; effective April 1, 2023.