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HF Foods adopts shareholder rights plan with 15% trigger, expires June 2027
Board declares dividend of one Right per share of common stock; record date June 22, 2026.
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HF Foods adopts poison pill with 15% trigger after detecting undisclosed stock accumulation
One Right per share distributed to holders of record June 22, 2026; exercisable if a party reaches 15% beneficial ownership without board approval.
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HF Foods Q1 2026 revenue up 4.5% to $312M; GAAP net income $1.4M, up 188.6% YoY
Net revenue $312.0M (+4.5% YoY); GAAP net income $1.4M vs. loss of $1.5M prior year.
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HF Foods 2025 revenue $1.23B (+2.2%), adj. EBITDA $45M (+6.9%), GAAP net loss $39.3M
Full-year net revenue $1,228.3M, up 2.2% YoY; gross profit $207.6M, margin 16.9% vs 17.1%.
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HF Foods Group appoints Paul McGarry as CFO and Jeffery Taylor as Compensation Committee Chair
Paul McGarry appointed CFO effective Jan 27, 2026, with annual base salary increased to $375,000 and bonus target of 60% of salary.
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HF Foods reports Q3 revenue up 2.9% to $307M; net loss narrows 77% to $0.9M
Net revenue $307.0M (+2.9% YoY) on volume/pricing gains in Meat & Poultry and Seafood.
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HF Foods Q1 2025 revenue up 0.9% to $298.4M; net loss widens to $1.5M on swap changes
Net revenue $298.4M (+0.9% YoY); gross profit $51.0M (+1.1%), gross margin unchanged at 17.1%.
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HF Foods reports Q4 2024 net loss of $43.9M on goodwill impairment; revenue up 8.7%
Q4 net revenue $305.3M, +8.7% YoY; FY2024 revenue $1,201.7M, +4.6% YoY.
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HF Foods Q3 revenue up 6.0% to $298.4M; net loss of $3.8M vs prior year net income of $2.0M
Gross profit margin fell to 16.8% from 18.1%; gross profit down 1.5% to $50.2M.
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HF Foods terminates CEO Peter Zhang; names Felix Lin as interim CEO
Peter Zhang terminated as CEO without cause effective Oct 24, 2024; remains on Board.
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HF Foods posts Q2 net income of $0.2M vs loss; revenue up 3.4% to $302.3M
Net revenue $302.3M, up 3.4% YoY; gross profit margin 17.4% vs 17.3%.
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HF Foods settles SEC probe for $3.9M; former execs barred from company
Company consented to cease-and-desist order without admitting or denying findings from false disclosures by former Chairman/CEO Zhou Min Ni and former CFO Jian Ming Ni.
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HF Foods finalizes CFO Carlos Rodriguez's separation with $400K severance and bonus
Severance: 1x base salary ($400,000) in three installments, plus a lump-sum bonus of 70% of base ($280,000).
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HF Foods shareholders elect only one director; two incumbents fail to win re-election
Xiao Mou Zhang elected to board with 21.3M votes for; Hong Wang and Prudence Kuai each lost with more against votes.
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HF Foods directors Valerie Chase and Russell Libby resign effective May 31, 2024; search for replacements underway
Valerie P. Chase (board member) and Chairman Russell T. Libby resigned effective immediately on May 31, 2024.
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HF Foods reports Q1 record revenue $295.7M; net loss narrows to $0.6M; adjusted EBITDA up 51% to $8.7M
Net revenue $295.7M, up 0.6% YoY; record Q1 revenue despite $2.7M loss from chicken processing exit.
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HF Foods appoints Cindy Yao as permanent CFO effective May 1, 2024
Cindy Yao named CFO; succeeds interim CFO Felix Lin, who remains President & COO.
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CFO Carlos Rodriguez departs; poison pill extended to April 2025
Carlos Rodriguez left as CFO effective April 8, 2024; no disagreement with company policies.
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HF Foods Q4 revenue down 3.8% to $280.9M; adjusted EBITDA up 372.6% to $20.4M
Q4 net revenue $280.9M (down 3.8% YoY); gross margin expanded to 18.6% from 17.4%.
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HF Foods appoints Lin as President and interim CFO; CFO Rodriguez on leave
Felix Lin appointed President and COO, effective Feb 12; base salary raised to $495,000.
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HF Foods Q3 net income $2.0M, adj. EBITDA up 151%; reveals transformation plan
Q3 net revenue $281.5M (-6.4% YoY); gross margin improved to 18.1% from 17.1%.
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HF Foods Q2 net loss of $1.6M; revenue down 2.4%; highlights cost reduction
Q2 net loss of $1.6M vs net income of $4.5M a year ago; revenue fell 2.4% to $292.3M.
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HF Foods regains Nasdaq compliance after annual meeting; director Libby faces 36% opposition
Regained Nasdaq compliance after holding combined 2022-2023 annual meeting on June 1, 2023.
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HF Foods files federal lawsuit accusing Xu Group of illegal takeover attempt
Filed complaint in Nevada federal court on May 11, 2023 against Maodong Xu and others, alleging securities law violations and illegal tender offer.
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HF Foods Q1 net loss of $5.8M; revenue up 6% to $293.9M, adjusted EBITDA down 71%
Net loss of $5.8M vs net income of $3.1M; gross margin down to 17.1% from 18.2%.
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HF Foods settles stockholder derivative suit; receives $9.25M from former executives
Settlement of Delaware derivative action; former CEO Zhou Min Ni and former COO Chan Sin Wong to pay $9.25M to company.
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HF Foods adopts limited-duration shareholder rights plan effective through April 11, 2024
Rights dividend of one Right per share of common stock; record date April 24, 2023.
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HF Foods files 2022 annual report; June 1 meeting to resolve Nasdaq delisting
Filed 2022 Form 10-K for year ended Dec 31, 2022, addressing legacy financial disclosure issues.
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HF Foods Q4 net loss $3.5M; FY2022 revenue $1.17B (+47%) but net income plunges 99% to $0.2M
FY2022 net revenue $1,170.5M (+47% YoY); net income $0.2M (down from $22.8M); adjusted EBITDA $40.1M (-21%).