Hooker Furnishings enters new employment agreements with CEO, CFO, and CAO; details pay and equity awards

HOOKER FURNISHINGS Corp

CEO Jeremy Hoff base salary $680K; CFO Earl Armstrong and CAO Anne Smith each $375K.
Annual cash incentives tied to revenue (30%) and operating income (70%); max payout at 2x target.
RSU grants: Hoff 40,383, Armstrong 11,494, Smith 8,621; vest in 1/3 over 3 years.
PSUs based on EPS CAGR and relative TSR over 3-year period; max award for CEO 40,383 shares.
Severance: 18 months base salary for termination without cause/good reason; 2x for change of control.

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