HOOKER FURNISHINGS Corp SEC Filings

Garafalo Paulette reported acquisition or exercise transactions in this Form 4 filing.

HOOKER FURNISHINGS Corp director Paulette Garafalo received a grant of 5,863 shares of Common Stock on June 12, 2026. The award was recorded at a price of $0.0000 per share, indicating a compensation-related grant rather than an open-market purchase. Following this grant, she directly holds 33,010 shares.

Duey Maria C reported acquisition or exercise transactions in this Form 4 filing.

HOOKER FURNISHINGS Corp director Maria C. Duey received a grant of 5,863 shares of Common Stock on June 12, 2026. The shares were awarded at no stated purchase price and increased her directly held position to 28,523 shares following the transaction.

Hooker Furnishings returned to profitability in early fiscal 2027 despite slightly lower sales. Net sales were $69.5 million for the quarter ended May 3, 2026, down 2.4% from $71.2 million, but gross margin improved from 25.2% to 29.6%, lifting operating income to $1.6 million from a $0.5 million loss.

Net income from continuing operations was $1.1 million, or $0.10 per diluted share, compared with a $0.6 million loss, helped by stronger Hooker Branded margins and higher hospitality shipments, partially offset by a loss in Domestic Upholstery. Discontinued Home Meridian operations contributed no results this quarter versus a $2.4 million loss a year ago.

Cash rose to $10.6 million from $1.1 million as operating activities generated $14.4 million. The company fully repaid its term debt and ended the quarter with no outstanding loans under its $70 million revolving facility, $3.2 million of letters of credit, and $54.2 million of availability. Backlog was $39.1 million, up 4.5% year over year. Management highlighted potential refunds on approximately $8 million of overturned tariffs, which have not yet been recorded, and maintained a cautious outlook given weak housing and furniture demand, while pointing to the Margaritaville product rollout and cost reductions as future earnings drivers.

Hooker Furnishings Corporation reported the results of its June 9, 2026 Annual Meeting of Shareholders. Shareholders voted on the election of seven directors, with each nominee receiving more votes "For" than "Withheld." Broker non-votes were also recorded for these items.

Shareholders additionally cast votes on two other matters, one receiving 8,236,135 votes For and 499,431 Against, and another receiving 7,517,391 votes For and 141,144 Against, with small abstentions and broker non-votes where applicable.

Hooker Furnishings returned to profitability in its fiscal 2027 first quarter, posting net income of $1.1 million, or $0.10 per share, after a loss in the prior year. Net sales slipped 2.4% to $69.5 million, but gross profit rose to $20.6 million and gross margin widened by 440 basis points as prior cost reductions took hold.

Operating income reached $1.6 million, led by the Hooker Branded segment, which delivered $1.2 million of operating income and a 960 basis-point gross margin increase despite lower sales. Cash and cash equivalents climbed to $10.6 million with no term debt and $54.2 million of available borrowing capacity, while the company began a $5 million share repurchase program, buying 7,615 shares for about $96,000. Management remains cautious on the near-term demand and tariff environment but expects the leaner cost structure and growing Margaritaville and custom upholstery initiatives to support better results than the prior-year period.

Hooker Furnishings Corporation disclosed that its board of directors declared a quarterly cash dividend of $0.115 per share. The dividend will be paid on June 30, 2026 to shareholders who are on record as of June 19, 2026. This continues the company’s practice of returning cash to shareholders while it operates as a designer, marketer, importer and manufacturer of casegoods, upholstered, leather and outdoor furniture across residential, hospitality and contract markets.

Hooker Furnishings Corp Schedule 13G shows Donald Smith & Co., Inc. reported beneficial ownership of 1,070,964 shares, representing 9.94% of the common stock. The filing attributes sole voting power of 1,013,596 shares and sole dispositive power of 1,058,996, with DSCO Value Fund, L.P. and John Piermont reported as related persons. The filing states Donald Smith & Co., Inc. acts as investment adviser and that ultimate dividend/proceeds rights rest with its institutional clients.

Hooker Furnishings Corporation is soliciting proxies for its June 9, 2026 annual meeting, where 10,777,467 common shares outstanding on April 13, 2026 are entitled to vote. Shareholders will elect seven directors, including CEO Jeremy Hoff, and consider auditor ratification and an advisory vote on executive pay.

Current Board Chair W. Christopher Beeler Jr. will retire at the meeting, reducing the Board from eight to seven members, and director Paulette Garafalo is expected to become the new independent Chair. All independent directors serve on all three key committees, which are fully independent and met regularly during fiscal 2026.

The proxy explains that no fiscal 2026 annual bonuses were paid because consolidated net sales and operating income fell below threshold goals, while long-term incentives consist of performance stock units tied to EPS growth and relative total shareholder return plus time‑based RSUs. CEO Jeremy Hoff’s 2026 total compensation was $1.86 million, and non‑employee directors received $55,000 in cash retainers plus $70,000 in restricted stock, alongside stock ownership, anti‑hedging and clawback policies and expanded ESG oversight.