Hooker Furnishings enters cooperation with GVIC; Board Chair Beeler to retire at 2026 annual meeting

HOOKER FURNISHINGS Corp

Cooperation agreement signed Jan 1, 2026; GVIC and Hooker to identify a mutually agreeable independent director within 45 days.
Board to expand from 8 to 9 to appoint new director; company will nominate for 2026 and 2027 annual meetings.
Board Chair W. Christopher Beeler Jr. retiring at 2026 annual meeting after 33 years; no disagreement with company.
GVIC agrees to voting commitments and standstill, including ownership cap of 9.9% until ~2028.
At 2026 annual meeting, one incumbent director (not the new director) will not stand for re-election.

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