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 annual meeting elects 7 directors, ratifies KPMG, approves say-on-pay
All seven board nominees elected; highest vote was Christopher Henson (7,571,704 for, 104,032 withheld).
Hooker Furnishings reports Q1 net income of $1.1M, swinging from prior-year loss
Net income $1.1M ($0.10 EPS) vs loss; operating income $1.6M vs loss of $498K prior year.
Hooker Furnishings declares $0.115 quarterly dividend, payable June 30
Declared quarterly cash dividend of $0.115 per share.
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.
Hooker Furnishings declares $0.23 quarterly dividend payable March 29, 2024
Board declared a quarterly cash dividend of $0.23 per share.
Hooker Furnishings Q3 net income up 45% to $0.65 EPS; dividend raised 4.5%
Consolidated net income rose 45.4% to $7M ($0.65 diluted EPS) from $4.8M ($0.42) a year ago.
Hooker Furnishings declares increased quarterly dividend of $0.23 per share
Quarterly dividend of $0.23 per share; payable Dec 29, 2023 to holders of record Dec 15, 2023.
Hooker Furnishings amends Bylaws expanding shareholder disclosure rules
Amendments require shareholders proposing nominees or business to disclose derivatives, voting agreements, and performance fees.
Hooker Furnishings Q2 net sales fall 36% to $97.8M; net income drops to $0.07 EPS
Net sales $97.8M, down 36% YoY; net income $785k ($0.07 diluted) vs $5.5M ($0.46) prior year.
Hooker Furnishings declares $0.22 quarterly dividend payable Sept 29
Quarterly cash dividend of $0.22 per share declared on Sept 5, 2023.
Hooker Furnishings shareholders re-elect all directors, approve say-on-pay annually
Seven directors elected with 7.6M to 8.1M votes for; broker non-votes 1.09M on each.
Net sales $121.8M, down 17.3% YoY; net income $1.5M ($0.13 diluted EPS) vs $3.2M ($0.26).
Hooker Furnishings declares $0.22 quarterly dividend, payable June 30
Quarterly cash dividend of $0.22 per share declared by board on June 5, 2023.
Hooker Furnishings holds Q4 FY2023 call; results not in filing excerpt
Item 2.02 furnishes transcript of April 19, 2023 conference call.
Hooker Furnishings reports fiscal 2023 net loss of $4.3M, revenue down 1.8% to $583.1M
Fiscal 2023 net loss $4.3M ($0.37/diluted) vs prior year net income $11.7M; operating loss $6.0M.
Base salaries unchanged: CEO $600k, CFO $375k, President Domestic Upholstery $330k, SVP Ops $300k.
Hooker Furnishings postpones fiscal 2023 earnings; charges expected under $34M
Earnings release and conference call postponed due to need to finalize non-cash charges from Home Meridian exit.
Hooker Furnishings exits ACH e-commerce unit; records ~$34M non-cash charge; HMI loss in FY2024
Approved exit of Accentrics Home (ACH) e-commerce unit and repositioning of PRI to direct-container model.
Hooker Furnishings declares $0.22 quarterly dividend
Quarterly cash dividend of $0.22 per share declared by board on March 3, 2023.
Hooker Furnishings Q3 sales $151.6M (+13.6% YoY); net income $4.8M vs loss; dividend +10%
Net sales $151.6M (+13.6% YoY); net income $4.8M ($0.42 EPS) vs net loss $1.2M (-$0.10) prior year.
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.
On October 12, 2022, the Board of Directors (the “Board”) of Hooker Furnishings Corporation (the “Company”) voted to increase the size of the Board to eight members and subsequently elected Christopher L. Henson to the Company’s Board effective October 12, 2022
On February 9, 2022, E. Larry Ryder, a member of the Board of Directors (the “Board”) of Hooker Furnishings Corporation (the “Company”) notified the Company of his decision not to stand for re-election at the Company’s 2022 Annual Meeting of Shareholders, which is scheduled to be held on June 7, 2022.
On October 6, 2021, Paul B. Toms, Jr., a member of the Board of Directors of Hooker Furnishings Corporation (the “Company”) and its Chair, notified the Company of his intention to retire from the Company’s Board of Directors effective immediately.
the Company’s Board of Directors (the “Board”) appointed Henry G. Williamson, Jr. to serve as its Chair through the current Board service term that ends with the Company’s next annual meeting of shareholders in June 2022.
On September 2, 2021, Hooker Furniture Corporation (the “Company”) and D. Lee Boone, President of the Company’s Home Meridian segment, reached an agreement separating Mr. Boone from the Company effective immediately.
Max materiality 0.85 · Median 0.53 · Most common event earnings