Tod R. Phelps
On September 4, 2024, Hooker Furnishings Corporation (the “Company”) and Tod R. Phelps, Senior Vice-President-Operations and Chief Information Officer, reached an agreement separating Mr. Phelps from the Company effective immediately.
Highest-materiality recent filing
Hooker Furnishings sets 2026 exec compensation: CEO salary $680k, CFO $375k with RSUs and PSUs
CEO Jeremy Hoff base salary set at $680k; CFO C. Earl Armstrong III at $375k for fiscal 2027.
Hooker Furnishings Q4 net income $536K, sales down 20.5%; full-year net loss $27M
Q4 net sales $67.0M (-20.5% YoY); net income $536K vs. prior-year loss.
Hooker Furnishings declares $0.115 quarterly dividend payable March 31
Board declared a quarterly cash dividend of $0.115 per share on March 5, 2026.
Hooker Furnishings extends director search deadline with GVIC to Feb 2027
Deadline for mutually agreeable independent director extended from Feb 15, 2026 to Feb 28, 2027.
Hooker Furnishings enters cooperation with GVIC; Board Chair Beeler to retire at 2026 annual meeting
Cooperation agreement signed Jan 1, 2026; GVIC and Hooker to identify a mutually agreeable independent director within 45 days.
Hooker Furnishings closes sale of Pulaski and Samuel Lawrence brands for ~$6.1M
Total purchase price ~$6.1M; cash at close ~$5.5M; holdback ~$611k due in 210 days.
Hooker Furnishings Q3 FY26: operating loss $16.3M, non-cash impairments $15.6M, dividend cut 50%
Q3 consolidated net sales down 14.4%; operating loss $16.3M including $15.6M non-cash impairments and $597K restructuring.
Hooker Furnishings sells Pulaski and Samuel Lawrence brands to Magnussen for $4.8 million
Estimated purchase price of approximately $4.8 million for Pulaski Furniture and Samuel Lawrence casegoods brands.
Hooker Furnishings responds to activist Global Value Investment Corp. 13-D filing
Company claims turnaround progress and value creation for shareholders.
Hooker Furnishings terminates Chief Administration Officer, targets $25M cost savings
Anne J. Smith, Chief Administration Officer, terminated effective October 31, 2025; plans to retire.
Hooker Furnishings Q2 net sales down 13.6% to $82.1M; operating loss widens to $4.4M
Net loss of $3.3M; restructuring costs of $2.0M contributed to operating loss of $4.4M.
Hooker Furnishings declares $0.23 quarterly dividend, payable Sept 30
Quarterly cash dividend of $0.23 per share declared on September 9, 2025.
Hooker Furnishings narrows Q1 net loss to $3.1M on cost savings; sales down 8.8%
Net loss of $3.1M ($0.29/diluted share) vs. year-ago loss of $4.1M ($0.39); operating loss reduced 31% to $3.6M.
Hooker Furnishings shareholders elect all eight directors and ratify KPMG as auditor
All eight director nominees elected to one-year terms; highest vote count 8.28M for Christopher L. Henson.
Hooker Furnishings declares $0.23 quarterly dividend, payable June 30, 2025
Quarterly dividend of $0.23 per share declared by board on June 3, 2025.
Q4 net loss of $2.3M ($0.22 diluted loss) vs net income of $593K ($0.06) in prior-year Q4.
Exit of Savannah, GA distribution center; operations to consolidate into existing facilities.
Hooker Furnishings declares $0.23 quarterly dividend, payable March 31, 2025
Quarterly cash dividend of $0.23 per share declared on March 5, 2025.
CEO Jeremy Hoff base salary $680K; CFO Earl Armstrong and CAO Anne Smith each $375K.
Paul Huckfeldt, CFO since 2011, retires effective Feb 2, 2025, after 20+ years with company.
Amended and restated loan agreement on Dec 5, 2024, provides revolving credit facility up to $70 million, with option to increase by $30 million.
Hooker Furnishings Q3 net loss $4.1M; revenue down 10.7% with $7.5M in charges
GAAP diluted EPS ($0.39); revenue $104.4M, down 10.7% YoY; operating loss $7.3M.
Hooker Furnishings declares $0.23 quarterly dividend, payable Dec 30
Quarterly cash dividend of $0.23 per share declared by board on Dec 2, 2024.
Hooker Furnishings Q2 net loss $2.0M, sales down 2.8%; cost cuts of $10M planned
Net sales $95.1M, down 2.8% YoY; net loss $2.0M ($0.19 diluted EPS), improved from Q1 loss of $4.1M.
Hooker Furnishings separates with SVP-Operations & CIO Tod Phelps in cost-saving move
Tod R. Phelps separated from the Company effective September 4, 2024, as part of a cost savings project announced in June 2024.
Hooker Furnishings declares quarterly dividend of $0.23 per share
Quarterly cash dividend of $0.23 per share declared on September 3, 2024.
Hooker Furnishings votes in all 7 directors, approves stock plan amendment, ratifies KPMG
Seven directors elected: Beeler, Duey, Garafalo, Henson, Hoff, Jackson, Taaffe – each with >8M votes for, <300K against.
Hooker Furnishings Q1 net loss $4.1M; sales down 23%; plans 10% fixed cost reduction
Consolidated net sales $93.6M, down 23.2% YoY; operating loss $5.2M vs prior year operating income $2.0M.
Hooker Furnishings declares $0.23 quarterly dividend, payable June 28
Quarterly cash dividend of $0.23 per share declared on June 4, 2024.
Hooker Furnishings sets CEO salary at $680K; details cash and equity incentives
CEO Jeremy Hoff base salary $680K; CFO Huckfeldt $415K; CAO Smith $375K; CIO Phelps $330K.
Hooker Furnishings reports FY2024 net income $9.9M vs prior year loss; sales down 25.7%
FY2024 net income $9.9M ($0.91 diluted EPS) vs net loss $4.3M ($0.37 loss) prior year; operating income $12.4M vs loss $6M.
On September 4, 2024, Hooker Furnishings Corporation (the “Company”) and Tod R. Phelps, Senior Vice-President-Operations and Chief Information Officer, reached an agreement separating Mr. Phelps from the Company effective immediately.
Max materiality 0.85 · Median 0.55 · Most common event earnings