HOOKER FURNISHINGS Corp (HOFT): M&A transaction — Hooker Furnishings closes sale of Pulaski and Samuel Lawrence brands for ~$6.1M

HOOKER FURNISHINGS Corp

Total purchase price ~$6.1M; cash at close ~$5.5M; holdback ~$611k due in 210 days.
Company sheds ~$4.8M in High Point showroom lease liabilities assumed by Magnussen.
Retains Samuel Lawrence Hospitality line under exclusive royalty-free license; reported in 'All other' segment.
CEO cites higher-than-estimated price and positive momentum; new share repurchase program noted.
Pro forma shows removal of discontinued ops; $13.6M net loss from continuing ops in FY26 YTD.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

HOOKER FURNISHINGS Corp completed a disposition involving Magnussen Home Furnishings, Inc. for approximately $6.1 million (closed 2025-12-12).

Action: disposition
Counterparty: Magnussen Home Furnishings, Inc.
Consideration: approximately $6.1 million
Closing: 2025-12-12

Exact text from the filing

(EXHIBIT 99.1) --- EX-99.1 2 hoftex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Hooker Furnishings Completes Sale of Pulaski Furniture and Samuel Lawrence Furniture for Approximately $6.1 Million MARTINSVILLE, Va., Dec. 15, 2025 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) (“Hooker” or the “Company”), a global leader in home furnishings, today

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HOOKER FURNISHINGS Corp filing history →

Source: SEC EDGAR

accession 0001185185-25-002122

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