secwatch.observer — SEC 8-K summary
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Issuer:     HOOKER FURNISHINGS Corp (HOFT)
CIK:        0001077688
Form:       8-K
Filed at:   2023-04-14T23:59:59+00:00
Accession:  0001185185-23-000344
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Hooker Furnishings sets FY2024 executive compensation with unchanged base salaries and new equity grants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077688/000118518523000344/0001185185-23-000344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077688/000118518523000344/hookerfurn20230412_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-23-000344

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