{"schema_version":"secwatch.filing_event.v1","accession":"0001185185-24-000867","form_type":"8-K","ticker":"HOFT","cik":"0001077688","company_name":"HOOKER FURNISHINGS Corp","filed_at":"2024-09-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:12.107721+00:00","generated_at":"2026-05-31T06:10:45.128732+00:00","sec_items":["5.02"],"event_type":"leadership","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Hooker Furnishings separates with SVP-Operations & CIO Tod Phelps in cost-saving move","bullets":["Tod R. Phelps separated from the Company effective September 4, 2024, as part of a cost savings project announced in June 2024.","Phelps will receive cash severance of $330,000 (12 months' salary) and pro-rated RSU value of $109,000.","CEO Jeremy Hoff cited persistent low demand in home furnishings due to poor macro-economic environment as driver.","No replacement was named for the SVP-Operations & CIO role."],"urls":{"canonical":"https://secwatch.observer/filing/0001185185-24-000867","json":"https://secwatch.observer/filing/0001185185-24-000867.json","markdown":"https://secwatch.observer/filing/0001185185-24-000867.md","text":"https://secwatch.observer/filing/0001185185-24-000867.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1077688/000118518524000867/0001185185-24-000867-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1077688/000118518524000867/hoft20240903_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T06:10:45.128732+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac8877d0e4","claim":"Tod R. Phelps departed as Senior Vice-President-Operations and Chief Information Officer at HOOKER FURNISHINGS Corp.","evidence_excerpt":"On September 4, 2024, Hooker Furnishings Corporation (the “Company”) and Tod R. Phelps, Senior Vice-President-Operations and Chief Information Officer, reached an agreement separating Mr. Phelps from the Company effective immediately.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1077688/000118518524000867/0001185185-24-000867-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"separated"},{"label":"Role","value":"Senior Vice-President-Operations and Chief Information Officer"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}