---
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"
generated_at: "2026-05-31T06:10:45.128732+00:00"
event_type: "leadership"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Hooker Furnishings separates with SVP-Operations & CIO Tod Phelps in cost-saving move

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: leadership
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001185185-24-000867
- JSON: https://secwatch.observer/filing/0001185185-24-000867.json
- Plain text: https://secwatch.observer/filing/0001185185-24-000867.txt

## Key facts
- Executive change
  Tod R. Phelps departed as Senior Vice-President-Operations and Chief Information Officer at HOOKER FURNISHINGS Corp.
  - Action: separated
  - Role: Senior Vice-President-Operations and Chief Information Officer
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1077688/000118518524000867/0001185185-24-000867-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.