Hooker Furnishings (NASDAQ: HOFT) removes CAO in $25M cost drive

Rhea-AI Filing Summary

Hooker Furnishings Corporation disclosed that it terminated Anne J. Smith from her role as Chief Administration Officer on October 1, 2025, with her employment ending effective October 31, 2025. She will receive severance benefits in line with the “without cause” termination provisions previously described in the company’s May 3, 2025 proxy statement.

CEO Jeremy R. Hoff linked this change to a broader cost savings initiative aimed at reducing fixed costs by $25 million or 25%. He said these cost-reduction and growth initiatives are intended to help the company stay resilient in a challenging environment and be positioned to capture growth when demand returns. The company also noted Smith’s 17-year tenure and indicated she plans to retire following her departure.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

Current Report
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 1, 2025

HOOKER FURNISHINGS CORPORATION
(Exact name of registrant as specified in its charter)

Virginia		000-25349		54-0251350
(State or other jurisdiction of		(Commission File No.)		(I.R.S. Employer
incorporation or organization)				Identification No.)

440 East Commonwealth Boulevard,
Martinsville, Virginia		24112		(276) 632-2133
(Address of principal executive offices)		(Zip Code)		(Registrant’s telephone number,
				including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, no par value		HOFT		NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 1, 2025, Hooker Furnishings Corporation (the “Company”) terminated Anne J. Smith, Chief Administration Officer, effective October 31, 2025. Ms. Smith will receive severance benefits consistent with the “without cause” termination provisions disclosed in the Company’s Proxy Statement filed on Schedule 14A on May 3, 2025.

“Hooker Furnishings is taking decisive steps to return the business to profitability. We are making this change as part of a broader cost savings initiative aimed at reducing fixed costs by $25 million or 25%. Our cost-reduction and growth initiatives are positioning the Company to maintain resilience in today’s challenging environment, and to strategically capture growth when demand returns,” said Jeremy R. Hoff, CEO of Hooker Furnishings Corporation.

“Anne has been an integral part of Hooker for over seventeen years and has served in key roles during her tenure. She joined the Company as Director of Human Resources in 2008, was named Chief Administration Officer in 2018 as well as serving in other key management roles during her career. Following her departure, Anne has shared that she plans to retire. We thank Anne for her leadership, friendship and dedicated service and wish her the very best in a well-deserved retirement,” Hoff concluded.

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Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	HOOKER FURNISHINGS CORPORATION
	By:	/s/ C. Earl Armstrong III
		C. Earl Armstrong III
		Chief Financial Officer and
		Senior Vice-President – Finance
Date: October 1, 2025

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FAQ

What executive change did Hooker Furnishings (HOFT) report in this 8-K?

Hooker Furnishings reported that it terminated Anne J. Smith, its Chief Administration Officer, on October 1, 2025, with her departure effective October 31, 2025.

Why did Hooker Furnishings (HOFT) terminate its Chief Administration Officer?

CEO Jeremy R. Hoff said the change is part of a broader cost savings initiative aimed at reducing fixed costs and returning the business to profitability.

What cost reduction target did Hooker Furnishings (HOFT) disclose?

The company is pursuing a cost savings initiative targeting a reduction of fixed costs by $25 million or 25%.

What severance will Anne J. Smith receive from Hooker Furnishings?

Anne J. Smith will receive severance benefits consistent with the “without cause” termination provisions described in Hooker Furnishings’ May 3, 2025 proxy statement.

How long did Anne J. Smith work at Hooker Furnishings (HOFT)?

The company stated that Anne J. Smith has been an integral part of Hooker Furnishings for over seventeen years, including service as Director of Human Resources and later Chief Administration Officer.

What are Anne J. Smith’s plans after leaving Hooker Furnishings?

Hooker Furnishings reported that following her departure, Anne J. Smith plans to retire.

How did Hooker Furnishings describe its broader strategy in this filing?

The company said its cost-reduction and growth initiatives are positioning it to remain resilient in a challenging environment and to capture growth when demand returns.