Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 19, 2020, Paul B. Toms, Jr. notified the Board of Directors (the
"Board") of Hooker Furniture Corporation (the "Company") of his plans to retire
from his position as the Company's Chief Executive Officer on January 31, 2021,
the last day of the Company's current fiscal year. Mr. Toms is expected to
continue in his role as a Director and Chairman of the Company's Board of
Directors.
Also, on June 19, 2020, the Board determined that immediately upon Mr. Toms'
retirement, the role of Chief Executive Officer will be assumed by Jeremy R.
Hoff, who currently serves as President of Hooker Legacy Brands. Mr. Hoff's
compensation arrangements currently remain unchanged from those disclosed in the
Company's Form 8-K filed on April 9, 2020 and his compensation arrangements for
his new position have not yet been determined. For more information regarding
Mr. Hoff, please see "Information About Our Executive Officers" as filed in the
Company's Annual Report on Form 10-K for the fiscal year ended February 2, 2020.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
Exhibit 99.1 Press release dated June 19, 2020
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