Monitor achievement of fiscal 2027 revenue and operating income targets that determine cash bonus payouts, and track TSR performance against peer group for PSU vesting. No immediate financial statement impact expected.
Price Chart
Executive Summary
Hooker Furnishings Corporation announced executive compensation adjustments for its CEO and CFO, including base salary increases, annual cash incentives tied to revenue and operating income targets, and long-term equity awards in the form of time-based and performance-based restricted stock units. No executive departures or appointments were reported.
Key Facts
- CEO Jeremy R. Hoff's base salary set at $680,000; CFO C. Earl Armstrong III's at $375,000
- Annual cash incentives: up to $1.36M for CEO and $450K for CFO based on fiscal 2027 revenue and operating income targets
- CEO awarded 35,656 time-based RSUs vesting ratably through April 2029
- CFO awarded 10,149 time-based RSUs vesting ratably through April 2029
- Performance-based RSUs for both executives tied to EPS CAGR and relative TSR over three-year period beginning February 2026
Financial Impact
Increased executive compensation costs with $1.36M maximum cash bonus for CEO and $450K for CFO, plus RSU awards totaling 45,805 shares at current market value
Risk Factors
- Failure to meet performance targets could result in lower executive compensation and signal operational challenges
- Equity awards may lead to modest shareholder dilution over time
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001185185-26-001416 |
| Document: 0001185185-26-001416-index-headers.html | 0001185185-26-001416 |
| Document: 0001185185-26-001416-index.html | 0001185185-26-001416 |
| Document: 0001185185-26-001416.txt | 0001185185-26-001416 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 6w ago | 8-K | $12.83 $13.26 | ▲ +3.35% | ▲ +3.57% | $13.05 (+1.71%) |
Sep 11, 2026 6w ago | Press Release | $12.83 $13.26 | ▲ +3.35% | ▲ +3.57% | $13.05 (+1.71%) |
Sep 4, 2026 7w ago | 8-K | $12.90 $13.43 | ▲ +4.07% | ▲ +5.19% | $13.05 (+1.16%) |
Sep 3, 2026 7w ago | 8-K / PRESS-RELEASE | $13.12 $13.94 | ▲ +6.25% | ▲ +7.46% | $13.05 (−0.53%) |
Aug 27, 2026 8w ago | Press Release | $13.37 | awaiting T+5 | — | $13.05 (−2.39%) |
Jun 11, 2026 19w ago | Institutional Cluster | $15.55 $15.20 | ▼ −2.25% | ▼ −2.68% | $13.05 (−16.08%) |
Jun 11, 2026 19w ago | 8-K | $15.55 $15.20 | ▼ −2.25% | ▼ −2.68% | $13.05 (−16.08%) |
Jun 11, 2026 19w ago | Press Release | $15.55 $15.20 | ▼ −2.25% | ▼ −2.68% | $13.05 (−16.08%) |
Jun 9, 2026 19w ago | 8-K | $12.33 $15.21 | ▲ +23.36% | ▲ +19.93% | $13.05 (+5.84%) |
May 28, 2026 21w ago | Press Release | $11.97 | awaiting T+5 | — | $13.05 (+9.02%) |
US Market Status
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