HG Holdings Inc. Files DEF 14A for FY2023

TL;DR

HG Holdings (HGSI) DEF 14A filed. Executive comp & governance details out.

AI Summary

HG Holdings, Inc. filed a DEF 14A on June 17, 2024, for the fiscal year ending December 31, 2023. The filing details executive compensation and other corporate governance matters. The company, formerly known as Stanley Furniture Co Inc., is incorporated in Delaware and operates in the Real Estate Investment Trusts sector.

Why It Matters

This filing provides shareholders with crucial information regarding executive compensation and corporate governance, enabling informed voting decisions at the upcoming shareholder meeting.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and corporate governance, not indicating immediate financial distress or significant new risks.

Key Numbers

• 2023 — Fiscal Year End (The filing covers the company's performance and executive compensation for this period.)
• 20240617 — Filing Date (This is the date the DEF 14A was officially submitted to the SEC.)

Key Players & Entities

• HG Holdings, Inc. (company) — Filer of the DEF 14A
• Stanley Furniture Co Inc. (company) — Former name of HG Holdings, Inc.
• 20240617 (date) — Filing date of the DEF 14A
• 2023-12-31 (date) — Fiscal year end for which the filing provides information

FAQ

Key Financial Figures

• $6,000 — citation of proxies to be approximately $6,000. IMPORTANT NOTICE REGARDING AVAILABILI

Filing Documents

• stly20240610_def14a.htm (DEF 14A) — 345KB
• hghproxy_page1.jpg (GRAPHIC) — 222KB
• hghproxy_page2.jpg (GRAPHIC) — 214KB
• 0001437749-24-020432.txt ( ) — 2065KB
• stly-20231231.xsd (EX-101.SCH) — 3KB
• stly-20231231_def.xml (EX-101.DEF) — 2KB
• stly-20231231_lab.xml (EX-101.LAB) — 3KB
• stly-20231231_pre.xml (EX-101.PRE) — 2KB
• stly20240610_def14a_htm.xml (XML) — 146KB

From the Filing

stly20240610_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 HG Holdings, Inc. (Name of Registrant as Specified in its Charter) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. HG Holdings, Inc. 2115 E. 7th St., Suite 101 Charlotte, North Carolina 28204 NOTICE OF ANNUAL MEETING OF STOCKHOLDERS To be held July 16, 2024 NOTICE IS HEREBY GIVEN that the 2024 Annual Meeting of Stockholders of HG Holdings, Inc. (the "Annual Meeting") will be held at the company's offices at 2115 East 7th Street, Suite 101, Charlotte, NC 28204, on Tuesday, July 16, 2024, at 1:00 P.M. Eastern Time, for the following purposes: (1) To consider and vote upon the election of one director to serve until our 2027 annual meeting of stockholders; (2) To consider and act on an advisory vote regarding the approval of compensation paid to our named executive officers for the year ended December 31, 2023; and (3) To transact such other business as may properly be brought before the meeting or any adjournment thereof. The stockholders of record of our common stock at the close of business on June 4, 2024 are entitled to notice of and to vote at the Annual Meeting or any adjournment thereof. Only stockholders and persons holding proxies from stockholders may attend the Annual Meeting. If your shares are registered in your name and you wish to attend the Annual Meeting, you must bring a form of photo identification to the Annual Meeting. If your shares are held in "street name" by your broker, bank or other nominee and you wish to attend the Annual Meeting, you must bring a proxy or letter from that broker, bank or other nominee that confirms you are the beneficial owner of those shares, together with a form of photo identification. All stockholders are cordially invited to attend the Annual Meeting. Even if you plan to attend the Annual Meeting in person, we request that you mark, date, sign and return your proxy as soon as possible so that your shares may be certain of being represented and voted at the Annual Meeting. You may also vote by phone or on the Internet by following the instructions on the enclosed proxy card. Any proxy given by a stockholder may be revoked by that stockholder at any time prior to the voting of the proxy. By Order of the Board of Directors, /s/ Anna Lieb Anna Lieb Secretary June 17, 2024 HG Holdings, Inc. 2115 E. 7th St., Suite 101 Charlotte, North Carolina 28204 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS July 16, 2024 This proxy statement is furnished in connection with the solicitation of proxies by the board of directors of HG Holdings, Inc. ("we," "us," "our," or the "Company") for use at the Annual Meeting of Stockholders to be held on Tuesday, July 16, 2024, at 1:00 P.M. Eastern Time, at 2115 East 7th Street, Suite 101, Charlotte, NC 28204 and any adjournment thereof (the "Annual Meeting"). The matters to be considered and acted upon at the Annual Meeting are described in the foregoing notice of the meeting and this proxy statement. This proxy statement, our Annual Report on Form 10-K for the year ended December 31, 2023 (the "2023 Annual Report") and the enclosed proxy card are being made available on or about June 17, 2024 to all holders of record of our common stock on June 4, 2024 (the "Record Date"). We will bear the cost of preparing, assembling and mailing the proxy, this proxy statement, and other material enclosed and of all clerical and other expenses of solicitations. In addition to the solicitation of proxies by use of the mails, our directors, officers and employees may solicit proxies by telephone, e-mail, personal interview or other means. We will also request brokerage houses and other custodians, nominees and fiduciaries to forward soliciting material to the beneficial owners of our common stock held of record by those parties and will reimburse those parties for their expenses in forwarding soliciting material. We expect the total cost of the solicitation of proxies to be approximately $6,000. IMPORTANT NOTICE REGARDING AVAILABILITY OF PROXY MATERIALS: This proxy statement, the 2023 Annual Report and the proxy card are available on the Internet at http://www.cstproxy.com/hgholdingsinc/2024 . The information contained on this website is not part of, or incorporated by reference in, this proxy statement. QUESTIONS AND AN

View Full Filing

View this DEF 14A filing on SEC EDGAR