On February 9, 2022, E. Larry Ryder, a member of the Board of Directors of Hooker Furnishings Corporation notified the Company of his decision not to stand for re-election at the Company's 2022 Annual Meeting of Shareholders, which is scheduled to be held on June 7, 2022. Mr. Ryder will continue to serve through the remainder of his current term, and effective with his resignation as a director, the size of the Company's Board of Directors will be reduced from eight to seven directors. Mr. Ryder's decision not to stand for re-election was not a result of any disagreement with the Company, other Board members or management.