A furniture maker that designs, imports, and manufactures residential and hospitality furniture across brands like Bradington-Young, Shenandoah, and Sunset West. Founded in 1924 in Martinsville, Virginia, it began as the Bassett-Hooker company—so named because founder J. Clyde Hooker married into the Bassett furniture family—before taking the Hooker name around 1950. It started life as a chair factory.
Hooker Furnishings shareholders elect seven directors and ratify KPMG at 2026 annual meeting
At the June 9, 2026 annual meeting, shareholders elected seven directors to one-year terms, with votes for ranging from 6,856,106 (Ellen C. Taaffe) to 7,571,704 (Christopher L. Henson).
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Shareholders ratified KPMG LLP as independent auditor for fiscal year ending January 31, 2027, with 8,236,135 votes for, 499,431 against, and 65,477 abstentions.
An advisory vote on named executive officer compensation passed with 7,517,391 votes for, 141,144 against, and 17,201 abstentions.
All director elections and the compensation proposal had 1,125,307 broker non-votes; the auditor ratification had none.
The report was filed under Item 5.07 to disclose the results of these shareholder votes.
5.07 Submission of Matters to a Vote of Security Holders
Hooker Furnishings reports Q1 FY2027 net income of $1.1M despite sales decline
Consolidated net sales decreased 2.4% to $1.7 million less than prior year, but gross profit increased $2.7 million and gross margin improved 440 basis points.
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Operating income was $1.6 million, a $2.1 million improvement from an operating loss of $498,000 in the prior-year period.
Hooker Branded segment contributed $1.2 million operating income despite a 4.8% sales decrease, with gross margin up 960 basis points.
All Other segment net sales increased 11.7% to $605,000, generating $1.1 million operating income.
Company repurchased 7,615 shares for approximately $96,000 at an average price of $12.53 per share during the quarter.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Hooker Furnishings sets 2026 executive salaries and incentive awards for CEO and CFO.
On April 13, 2026, the Compensation Committee approved 2026 base salaries of $680,000 for CEO Jeremy R. Hoff and $375,000 for CFO C. Earl Armstrong III.
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Annual cash incentives for fiscal 2027 are tied to revenue (30% weight) and operating income (70% weight) targets, with no bonus below threshold and a cap at 2x target.
CEO Hoff's cash incentive potential ranges from $204,000 (threshold) to $1,360,000 (maximum); CFO Armstrong's ranges from $67,500 to $450,000.
Time-based RSUs vest ratably over three years ending April 13, 2027, 2028, and 2029; CEO Hoff received 35,656 RSUs and CFO Armstrong received 10,149 RSUs.
Performance-based PSUs vest based on EPS CAGR and relative Total Shareholder Return over a three-year period ending January 28, 2029, with CEO Hoff eligible for up to 35,656 shares and CFO Armstrong up to 10,149 shares per metric.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Hooker Furnishings reports Q4 net income of $536,000; full-year net loss ~$27M
Fiscal 2026 Q4 net sales were $67.0 million, down 20.5% year-over-year, with operating income of $0.6 million.
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Full-year net sales were $278.1 million, down 12.4%, with an operating loss of $16.5 million including $15.6 million in non-cash impairment charges.
The company divested Pulaski Furniture and Samuel Lawrence Furniture, which contributed a $338,000 net loss in Q4 and $14.2 million net loss for the year from discontinued operations.
Hooker Branded segment reported $1.9 million operating income for the year, while Domestic Upholstery reduced its Q4 operating loss by more than 50%.
Management expects significant earnings improvement in fiscal 2027, citing Margaritaville product line strength and a lower break-even point.
As of April 15, 2026, the company had about $12 million cash and $64.1 million available borrowing capacity with no credit facility balance.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
Hooker Furnishings extends director search deadline with GVIC to February 2027
Hooker Furnishings Corporation entered into a First Amendment to its Cooperation Agreement with Global Value Investment Corporation (GVIC) on February 17, 2026.
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The amendment extends the deadline for completing the New Director Search from February 15, 2026 to no later than February 28, 2027.
The search is for a mutually agreeable independent director candidate with industry background relevant to Hooker's business.
The parties narrowed the candidate list but agreed the extension was prudent.
The full text of the amendment is filed as Exhibit 10.1.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
Hooker Furnishings enters cooperation agreement with GVIC to add independent director
The companies will jointly identify an independent director with industry expertise within 45 days; the Board will expand from 8 to 9 members.
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Hooker Furnishings and Global Value Investment Corporation (GVIC) signed a cooperation agreement on January 1, 2026.
The new director will be appointed to all Board committees and nominated for election at the 2026 and 2027 annual meetings.
GVIC agreed to vote its shares with Board recommendations and is subject to standstill restrictions, including a 9.9% ownership cap.
Board Chair W. Christopher Beeler, Jr. will retire and not stand for re-election at the 2026 annual meeting after 33 years of service.
1.01 Entry into a Material Definitive Agreement · 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 8.01 Other Events · 9.01 Financial Statements and Exhibits