Hooker Furnishings sells Pulaski and Samuel Lawrence brands to Magnussen for $4.8 million

HOOKER FURNISHINGS Corp

Estimated purchase price of approximately $4.8 million for Pulaski Furniture and Samuel Lawrence casegoods brands.
Company will shed about $4.8 million in Home Meridian showroom lease liabilities assumed by Magnussen.
Transaction expected to close by mid-December 2025; 10% holdback for 210 days for indemnification.
Company expects $5 to $6 million in non-cash impairment charges related to HMI intangibles and fixed assets.
CEO Jeremy Hoff says sale streamlines portfolio, sharpens focus on brands with consistent earnings.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HOOKER FURNISHINGS Corp entered into Asset Purchase Agreement with Magnussen Home Furnishings, Inc. valued at approximately $4.8 million (effective 2025-12-01).

Action: entry
Agreement: asset purchase
Counterparty: Magnussen Home Furnishings, Inc.
Value: approximately $4.8 million
Effective: 2025-12-01

Exact text from the filing

On December 1, 2025, Hooker Furnishings Corporation (the “Company”) entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) with Magnussen Home Furnishings, Inc. (“Magnussen”) to sell the Company’s Pulaski Furniture (“PFC”) and Samuel Lawrence (“SLF”) casegoods brands, including specified assets and liabilities related to those brands.

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HOOKER FURNISHINGS Corp filing history →

Source: SEC EDGAR

accession 0001185185-25-001916

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