secwatch.observer — SEC 8-K summary
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Issuer:     HOOKER FURNISHINGS Corp (HOFT)
CIK:        0001077688
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001185185-24-000384
Event type: leadership
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Hooker Furnishings sets CEO salary at $680K; details cash and equity incentives
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- CEO Jeremy Hoff base salary $680K; CFO Huckfeldt $415K; CAO Smith $375K; CIO Phelps $330K.
- Annual cash incentives weighted 30% revenue / 70% operating income; CEO target $680K, max $1.36M.
- Time-based RSUs vest over 3 years; CEO granted 24,208 RSUs; other executives 5,719, 5,168, 4,548.
- PSUs tied to EPS CAGR (threshold 5%) and relative TSR (threshold 25th percentile) over 3-year period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1077688/000118518524000384/0001185185-24-000384-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1077688/000118518524000384/hoft20240415_8k.htm
  HTML page:      https://secwatch.observer/filing/0001185185-24-000384

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