Hooker Furnishings Corp. Announces Annual Meeting of Shareholders

Ticker: HOFT · Form: DEF 14A · Filed: May 3, 2024 · CIK: 1077688

Sentiment: neutral

Topics: Proxy Statement, Annual Meeting, Shareholders, Hooker Furnishings, DEF 14A

TL;DR

<b>Hooker Furnishings Corporation has filed its Definitive Proxy Statement for the Annual Meeting of Shareholders on June 4, 2024.</b>

AI Summary

HOOKER FURNISHINGS Corp (HOFT) filed a Proxy Statement (DEF 14A) with the SEC on May 3, 2024. Hooker Furnishings Corporation will hold its Annual Meeting of Shareholders on June 4, 2024. The filing is a Definitive Proxy Statement (DEF 14A) filed on May 3, 2024. The company's fiscal year ends on January 31. The principal executive offices are located at 440 E Commonwealth Blvd, Martinsville, VA 23115. The filing fee for this proxy statement was not required.

Why It Matters

For investors and stakeholders tracking HOOKER FURNISHINGS Corp, this filing contains several important signals. This filing provides shareholders with essential information regarding the upcoming annual meeting, including details about voting procedures and matters to be discussed. As a DEF 14A filing, it signifies the formal distribution of proxy materials to shareholders, enabling them to exercise their voting rights on corporate matters.

Risk Assessment

Risk Level: low — HOOKER FURNISHINGS Corp shows low risk based on this filing. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes requiring a higher risk assessment.

Analyst Insight

Shareholders should review the proxy statement to understand the proposals and exercise their voting rights at the upcoming annual meeting.

Key Numbers

Key Players & Entities

FAQ

When did HOOKER FURNISHINGS Corp file this DEF 14A?

HOOKER FURNISHINGS Corp filed this Proxy Statement (DEF 14A) with the SEC on May 3, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by HOOKER FURNISHINGS Corp (HOFT).

Where can I read the original DEF 14A filing from HOOKER FURNISHINGS Corp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by HOOKER FURNISHINGS Corp.

What are the key takeaways from HOOKER FURNISHINGS Corp's DEF 14A?

HOOKER FURNISHINGS Corp filed this DEF 14A on May 3, 2024. Key takeaways: Hooker Furnishings Corporation will hold its Annual Meeting of Shareholders on June 4, 2024.. The filing is a Definitive Proxy Statement (DEF 14A) filed on May 3, 2024.. The company's fiscal year ends on January 31..

Is HOOKER FURNISHINGS Corp a risky investment based on this filing?

Based on this DEF 14A, HOOKER FURNISHINGS Corp presents a relatively low-risk profile. The filing is a routine proxy statement, indicating no immediate significant financial or operational changes requiring a higher risk assessment.

What should investors do after reading HOOKER FURNISHINGS Corp's DEF 14A?

Shareholders should review the proxy statement to understand the proposals and exercise their voting rights at the upcoming annual meeting. The overall sentiment from this filing is neutral.

How does HOOKER FURNISHINGS Corp compare to its industry peers?

Hooker Furnishings Corporation operates in the household furniture industry, a sector subject to consumer spending trends and economic conditions.

Are there regulatory concerns for HOOKER FURNISHINGS Corp?

As a publicly traded company, Hooker Furnishings is subject to SEC regulations governing proxy solicitations and shareholder communications.

Industry Context

Hooker Furnishings Corporation operates in the household furniture industry, a sector subject to consumer spending trends and economic conditions.

Regulatory Implications

As a publicly traded company, Hooker Furnishings is subject to SEC regulations governing proxy solicitations and shareholder communications.

What Investors Should Do

  1. Review the proxy statement for proposals and director nominations.
  2. Vote your shares prior to the June 4, 2024, Annual Meeting.
  3. Contact investor relations for any clarification on meeting materials.

Key Dates

Year-Over-Year Comparison

This is the initial filing of the Definitive Proxy Statement for the 2024 Annual Meeting.

Filing Stats: 4,586 words · 18 min read · ~15 pages · Grade level 13.6 · Accepted 2024-05-03 16:00:56

Filing Documents

From the Filing

hoft20240423_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) 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 (S)240.14a-12 HOOKER FURNISHINGS CORPORATION (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(l) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Hooker Furnishings Corporation 440 East Commonwealth Boulevard Martinsville, Virginia 24112 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS To be held June 4, 2024 NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Hooker Furnishings Corporation (the "Company") will be held at the Company's Corporate Office at 440 East Commonwealth Boulevard, Martinsville, Virginia, on Tuesday, June 4, 2024, at 1:00 p.m., for the following purposes: To elect as directors the seven nominees named in the attached proxy statement to serve a one-year term on the Company's Board of Directors; To approve the 2024 amendment and restatement of the Hooker Furnishings Corporation Stock Incentive Plan; To ratify the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending February 2, 2025; To cast an advisory vote to approve the compensation of the Company's named executive officers, as disclosed in the attached proxy statement; and To transact such other business as may properly be brought before the meeting or any adjournment of the meeting. The shareholders of record of the Company's Common Stock at the close of business on April 8, 2024 are entitled to notice of and to vote at this Annual Meeting or any adjournment of the meeting. Even if you plan to attend the meeting in person, we request that you mark, date, sign and return your proxy in the enclosed self-addressed envelope as soon as possible so that you may be certain that your shares are represented and voted at the meeting. Any proxy given by a shareholder may be revoked by that shareholder at any time before the voting of the proxy. By Order of the Board of Directors, C. Earl Armstrong III Secretary May 3, 2024 Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be Held on June 4, 2024 The proxy statement and annual report to shareholders are available at: http://www.astproxyportal.com/ast/25490 Hooker Furnishings Corporation 440 East Commonwealth Boulevard Martinsville, Virginia 24112 PROXY STATEMENT ANNUAL MEETING OF SHAREHOLDERS June 4, 2024 The enclosed proxy is solicited by and on behalf of the Board of Directors (the "Board") of Hooker Furnishings Corporation (the "Company") for use at the Annual Meeting of Shareholders to be held on Tuesday, June 4, 2024, at 1:00 p.m., at the Company's Corporate Office at 440 East Commonwealth Boulevard, Martinsville, Virginia, 24112 and any adjournment of the meeting. The matters to be considered and acted upon at the meeting are described in the notice of the meeting and this proxy statement. This proxy statement and the related form of proxy are being mailed on or about May 3, 2024 to all holders of record on April 8, 2024 of the Company's common stock, no par value (the "Common Stock"). Shares of the Common Stock represented in person or by proxy will be voted as described in this proxy statement or as otherwise specified by the shareholder. Any proxy given by a shareholder may be revoked by that shareholder at any time before the voting of the proxy by: delivering a written notice to the Secretary of the Company; executing and delivering a later-dated proxy; or attending the meeting and voting in person. The

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