0001185185-17-001518.txt : 20170703 0001185185-17-001518.hdr.sgml : 20170703 20170703160119 ACCESSION NUMBER: 0001185185-17-001518 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170629 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20170703 DATE AS OF CHANGE: 20170703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOOKER FURNITURE CORP CENTRAL INDEX KEY: 0001077688 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] IRS NUMBER: 540251350 STATE OF INCORPORATION: VA FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25349 FILM NUMBER: 17945451 BUSINESS ADDRESS: STREET 1: 440 E COMMONWEALTH BLVD STREET 2: POB 4708 CITY: MARTINSVILLE STATE: VA ZIP: 24115 BUSINESS PHONE: 2766322133 MAIL ADDRESS: STREET 1: 440 E COMMONWEALTH BLVD STREET 2: POB 4708 CITY: MARTINSVILLE STATE: VA ZIP: 24115 8-K 1 hookerfurniture8k062917.htm 8-K

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): June 29, 2017
 
HOOKER FURNITURE CORPORATION
 (Exact name of registrant as specified in its charter)
Virginia
000-25349
54-0251350
(State or other jurisdiction of 
incorporation or organization) 
(Commission 
File No.)
(I.R.S. Employer
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))

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 June 29, 2017, the Compensation Committee of the Board of Directors of Hooker Furniture Corporation (the “Company”) amended the annual cash incentives for Paul Toms, the Company’s Chairman and CEO, and George Revington, the Company’s COO, President and COO of Home Meridian, for the Company’s 2018 fiscal year, which ends January 28, 2018.  The 2018 fiscal year annual cash incentives were previously disclosed on the Company’s Current Report on Form 8-K filed on April 12, 2017 and remain the same of the Company’s other executive officers.  The only aspect being amended for the annual cash incentives for Messrs. Toms and Revington is that these amendments increase the percentages of calendar 2017 base salary that can be earned under the annual incentive program as follows:
 
 
If the Company Attains:
  
 
80% of
Target Net Income
  
90% of
Target Net Income
  
100% of
Target Net Income
  
110% of
Target Net Income
  
125% or More
of Target Net Income
  
Paul B. Toms, Jr.
    
37.5
%
    
67.5
%
    
75.0
%
    
93.8
%
    
123.8
%
George Revington
    
37.5
%
    
67.5
%
    
75.0
%
    
93.8
%
    
123.8
%
 




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 FURNITURE CORPORATION  
       
Date: July 3, 2017
By:
/s/ Paul A. Huckfeldt  
    Paul A. Huckfeldt  
    Senior Vice President - Finance and Accounting
 Chief Financial Officer