Hooker Furnishings Corporation (HOFT)

18.00 -0.45 (-2.44%) At close: 04:00PM EDT

Hooker Furnishings Corporation

440 East Commonwealth Boulevard
Martinsville, VA 24112
United States
276 632 2133
https://www.hookerfurniture.com

Sector(s): Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Full Time Employees: 1,203

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Jeremy R. Hoff	CEO & Director	586.99k	N/A	1973
Mr. Paul A. Huckfeldt	CFO and Senior VP of Finance & Accounting	374.06k	N/A	1958
Mr. Tod R. Phelps	Senior VP of Operations & Chief Information Officer	302.46k	N/A	1970
Ms. Anne M. Jacobsen Smith	Chief Administration Officer & President of Domestic Upholstery	336.41k	N/A	1962
Mr. Johne Albanese	Chief Marketing Officer	N/A	N/A	N/A
Mr. Michael H. Harris	President of Hooker Casegoods & Upholstery	N/A	N/A	1965
Mr. C. Earl Armstrong III	Corporate Controller & Secretary	N/A	N/A	N/A

Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Hooker Furnishings Corporation designs, manufactures, imports, and markets residential household, hospitality, and contract furniture. It operates in three segments: Hooker Branded, Home Meridian, and Domestic Upholstery. The Hooker Branded segment offers design categories, including home entertainment, home office, accent, dining, and bedroom furniture under the Hooker Furniture brand; and imported upholstered furniture under the Hooker Upholstery brand. The Home Meridian segment provides home furnishings under the Accentrics Home brand; a range of bedroom, dining room, accent, display cabinet, home office, and youth furnishings under the Pulaski Furniture and Samuel Lawrence Furniture brands; and imported leather motion upholstery under the Prime Resources International brand. This segment also designs and supplies hotel furnishings for four and five-star hotels under the Samuel Lawrence Hospitality brand name. The Domestic Upholstery segment offers motion and stationary leather furniture under the Bradington-Young brand; chairs, sofas, sectionals, recliners, and a variety of accent upholstery pieces under the HF Custom brand; and upholstered furniture, such as private label sectionals, modulars, sofas, chairs, ottomans, benches, beds, and dining chairs for lifestyle specialty retailers under the Shenandoah Furniture brand. This segment also designs and manufactures outdoor furniture under the Sunset West brand. The company supplies upholstered seating and casegoods to upscale senior living and assisted living facilities through designers, design firms, industry dealers, and distributors under the H Contract brand; and interior designer products under the Lifestyle Brands name; and lighting, accessories, and home décor products under the BOBO Intriguing Objects brand. It sells home furnishing products through retailers, such as independent furniture stores, department stores, mass merchants, national chains, catalog merchants, interior designers, and e-commerce retailers primarily in North America. Hooker Furnishings Corporation was incorporated in 1924 and is headquartered in Martinsville, Virginia.

Corporate Governance

Hooker Furnishings Corporation’s ISS Governance QualityScore as of April 1, 2024 is 2. The pillar scores are Audit: 4; Board: 1; Shareholder Rights: 6; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.