0001571049-17-000043.txt : 20170103 0001571049-17-000043.hdr.sgml : 20170103 20170103160217 ACCESSION NUMBER: 0001571049-17-000043 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20170103 DATE AS OF CHANGE: 20170103 GROUP MEMBERS: J. RAWSON HAVERTY, JR. GROUP MEMBERS: MARGARET MUNNERLYN HAVERTY REVOCABLE TRUST GROUP MEMBERS: MARITAL TRUST B DATED OCTOBER 31, 2012 GROUP MEMBERS: PINE HILL ASSOCIATES, LLC GROUP MEMBERS: TRUST CREATED UNDER ITEM VI SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HAVERTY FURNITURE COMPANIES INC CENTRAL INDEX KEY: 0000216085 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-FURNITURE STORES [5712] IRS NUMBER: 580281900 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-30568 FILM NUMBER: 17501842 BUSINESS ADDRESS: STREET 1: 780 JOHNSON FERRY ROAD STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30342 BUSINESS PHONE: 404-443-2900 MAIL ADDRESS: STREET 1: 780 JOHNSON FERRY ROAD STREET 2: SUITE 800 CITY: ATLANTA STATE: GA ZIP: 30342 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: H5, L.P. CENTRAL INDEX KEY: 0001407063 IRS NUMBER: 000000000 STATE OF INCORPORATION: 2Q FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 4414 DUNMORE ROAD CITY: MARIETTA STATE: GA ZIP: 30068 BUSINESS PHONE: 404-443-4317 MAIL ADDRESS: STREET 1: 4414 DUNMORE ROAD CITY: MARIETTA STATE: GA ZIP: 30068 SC 13D/A 1 t1600817_sc13da.htm SCHEDULE 13D (AMENDMENT NO. 10)

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 10)*

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO

RULE 13d-2(a)

 

HAVERTY FURNITURE COMPANIES, INC.

 

(Name of Issuer)

 

Class A Common Stock, $1.00 par value

 

(Title of Class of Securities)

 

419596-20-0

 

(CUSIP Number)

 

Amy Wilson

Bryan Cave LLP

One Atlantic Center

Fourteenth Floor

1201 West Peachtree Street, NW

Atlanta, GA 30309

Telephone: (404) 572-6926

 

 

(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)

 

December 15, 2016

 

(Date of Event Which Requires Filing of This Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), (f) or (g), check the following box ¨.

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

 

 

 

CUSIP No.   419596-20-0 13D Page 2 of 11 Pages

 

1

NAME OF REPORTING PERSONS:  H5, L.P.

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS                          OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

7

SOLE VOTING POWER

 

8

SHARED VOTING POWER

479,323 Shares of Class A Common Stock

9

SOLE DISPOSITIVE POWER

 

10

SHARED DISPOSITIVE POWER

479,323 Shares of Class A Common Stock

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

479,323 Shares of Class A Common Stock

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
  x
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

23.8%

14

TYPE OF REPORTING PERSON

PN

 

 

 

 

CUSIP No.   419596-20-0 13D Page 3 of 11 Pages

 

1

NAME OF REPORTING PERSONS:  Pine Hill Associates, LLC

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS                          OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION
Georgia

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

7

SOLE VOTING POWER

 

8

SHARED VOTING POWER

479,323 Shares of Class A Common Stock

9

SOLE DISPOSITIVE POWER

 

10

SHARED DISPOSITIVE POWER

479,323 Shares of Class A Common Stock

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

479,323 Shares of Class A Common Stock

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
  x
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

23.8%

14

TYPE OF REPORTING PERSON

CO

 

 

 

 

CUSIP No.   419596-20-0 13D Page 4 of 11 Pages

 

1

NAME OF REPORTING PERSONS:  J. Rawson Haverty, Jr.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS                          OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION
United States

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

7

SOLE VOTING POWER

161,848 Shares of Class A Common Stock

8

SHARED VOTING POWER

496,347 Shares of Class A Common Stock

9

SOLE DISPOSITIVE POWER

82,331 Shares of Class A Common Stock

10

SHARED DISPOSITIVE POWER

575,864 Shares of Class A Common Stock

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

658,195 Shares of Class A Common Stock

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
  x
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

32.7%

14

TYPE OF REPORTING PERSON

IN

 

 

 

 

CUSIP No.   419596-20-0 13D Page 5 of 11 Pages

 

1

NAME OF REPORTING PERSONS:  Trust Created Under Item VI of the Last Will and Testament of Rawson Haverty Dated July 21, 2003, a/k/a Marital Trust u/w July 21, 2003
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS                          OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION
United States

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

7

SOLE VOTING POWER

 

8

SHARED VOTING POWER

 

9

SOLE DISPOSITIVE POWER

 

10

SHARED DISPOSITIVE POWER

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
  x
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

14

TYPE OF REPORTING PERSON

OO

 

 

 

 

CUSIP No.   419596-20-0 13D Page 6 of 11 Pages

 

1

NAME OF REPORTING PERSONS:  Marital Trust B Dated October 31, 2012 Created by the Trustees of the Trust Created Under Item VI of the Last Will and Testament of Rawson Haverty Dated July 21, 2003
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS                          OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION
United States

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

7

SOLE VOTING POWER

 

8

SHARED VOTING POWER

 

9

SOLE DISPOSITIVE POWER

 

10

SHARED DISPOSITIVE POWER

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
  x
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

14

TYPE OF REPORTING PERSON

OO

 

 

 

 

CUSIP No.   419596-20-0 13D Page 7 of 11 Pages

 

1

NAME OF REPORTING PERSONS:  Margaret Munnerlyn Haverty Revocable Trust Dated August 15, 2007 as Amended and Restated on December 17, 2012

 

2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a) x

(b) ¨

3

SEC USE ONLY

 

4

SOURCE OF FUNDS                          OO

 

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e)

 

  ¨
6

CITIZENSHIP OR PLACE OF ORGANIZATION
United States

 

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH REPORTING

PERSON WITH:

7

SOLE VOTING POWER

 

8

SHARED VOTING POWER

 

9

SOLE DISPOSITIVE POWER

 

10

SHARED DISPOSITIVE POWER

 

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11)
EXCLUDES CERTAIN SHARES
  x
13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

14

TYPE OF REPORTING PERSON

OO

 

 

 

 

CUSIP No.   419596-20-0 13D Page 8 of 11 Pages

  

Reference is hereby made to the statement on Schedule 13D filed with the Securities and Exchange Commission (the “SEC”) on July 24, 2007 (the “Original Schedule 13D”), Amendment No. 1 to the Original Schedule 13D filed with the SEC on March 24, 2010, Amendment No. 2 filed with the SEC on June 14, 2012, Amendment No. 3 filed with the SEC on November 15, 2012, Amendment No. 4 filed with the SEC on March 21, 2013, Amendment No. 5 filed with the SEC on May 15, 2013, Amendment No. 6 filed with the SEC on July 18, 2013, Amendment No. 7 filed with the SEC on December 17, 2013, Amendment No. 8 filed with the SEC on January 13, 2015, and Amendment No. 9 filed with the SEC on June 29, 2015 (such amendments, together with the Original Schedule 13D, the “Schedule 13D”) with respect to the Class A common stock, par value $1.00 per share (the “Class A Common Stock”), of the Company. This Amendment No. 10 is being filed to reflect updated information regarding the beneficial ownership of the Reporting Persons. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

 

Item 5. Interest in Securities of the Issuer.

 

Item 5 is hereby amended and restated in its entirety to read as follows:

 

(a)The Reporting Persons beneficially own an aggregate 658,195 shares or 32.7% of the Class A Common Stock of the Company. For further information, see the cover pages hereto which are hereby incorporated by reference. All percentages of outstanding Class A Common Stock are calculated based on information included in the Form 10-Q filed by the Company for the period ended September 30, 2016, which reported that 2,015,695 shares of Class A Common Stock were outstanding as of October 31, 2016.

 

The Reporting Persons may be deemed to constitute a group pursuant to Rule 13d-5(b) with certain other Class A Common Stock shareholders (“Other Class A Shareholders”) as a result of entering into a Class A Shareholders Agreement, as described in Item 6 below, with the Other Class A Shareholders. If the Reporting Persons are deemed to have formed a group with the Other Class A Shareholders, each of the Reporting Persons could be deemed to beneficially own the shares collectively held by the group, which would be an aggregate 1,350,678 shares or 67.0% of the Class A Common Stock of the Company; however, each of the Reporting Persons disclaims beneficial ownership of the shares held by other members of the group except as expressly set forth herein.

 

(b)The Partnership beneficially owns 479,323 shares or 23.8% of the Class A Common Stock of the Company. The LLC is the general partner of the Partnership and holds shared voting and dispositive power with the Partnership with respect to the shares owned by the Partnership.

 

Mr. Haverty beneficially owns 658,195 shares or 32.7% of the Class A Common Stock of the Company. Mr. Haverty has sole dispositive power with respect to 82,331 shares of Class A Common Stock and sole voting power with respect to 161,848 shares of Class A Common Stock.

 

As the manager of the LLC, the Partnership’s general partner, Mr. Haverty shares voting and dispositive power with the Partnership and the LLC with respect to the 479,323 shares of the Class A Common Stock held by the Partnership. Mr. Haverty disclaims beneficial ownership of the shares held by the Partnership except to the extent of his pecuniary interest therein.

 

Mr. Haverty and Nan S. Haverty hold shared voting and dispositive power with respect to the 11,228 shares held by the Trust for the Benefit of Hannah Haverty (“Daughter’s Trust”). Mr. Haverty and Nan S. Haverty hold shared voting and dispositive power with respect to the 5,796 shares held by the Trust for the Benefit of Rhett Haverty (“Son’s Trust”). Mr. Haverty has no pecuniary interest in the shares of the Daughter’s Trust or the Son’s Trust, and disclaims any beneficial ownership in the shares held by the Daughter’s Trust and the Son’s Trust.

 

 

 

 

CUSIP No.   419596-20-0 13D Page 9 of 11 Pages

 

Mr. Haverty holds sole voting power and shares dispositive power over the 79,517 shares held by the Mary E. Haverty Foundation (the “Foundation”) with the other trustees of the Foundation: Margaret E. Haverty Glover, Jane M. Haverty, Mary E. Haverty and Ben M. Haverty. Mr. Haverty has no pecuniary interest in the shares of the Foundation and disclaims any beneficial ownership in the Foundation’s shares. Mr. Haverty holds sole voting and sole dispositive power over the 2,331 shares held in the J. Rawson Haverty, Jr. Roth Inherited IRA.

 

None of the Marital Trust, Marital Trust B or the MMH Trust currently hold any Class A Common Stock. The trustees of each of the Marital Trust, Marital Trust B and the MMH Trust are Mr. Haverty, Jane M. Haverty and Ben M. Haverty. Mr. Haverty disclaims beneficial ownership of the shares held from time to time by Marital Trust, Marital Trust B, and the MMH Trust, except to the extent of any pecuniary interest he may have therein.

 

(c)Except as set forth on Schedule 1 hereto and as described above, no other recent transactions in Class A Common Stock were effected by the Reporting Persons, or, to the best of the knowledge of the Reporting Persons, by any of the other persons named in response to Item 2, if any.

 

(d)Not applicable.

 

(e)Not applicable.

 

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

 

Item 6 is amended to include the following:

 

On December 30, 2016, the Reporting Persons and the Other Class A Shareholders executed that certain Amendment of Class A Shareholders Agreement to remove Frank S. McGaughey, III (now the Estate of Frank S. McGaughey, III), Ridge Partners, L.P. and Richard N. McGaughey as parties to the Class A Shareholders Agreement, effective immediately upon execution. The Amendment of Class A Shareholders Agreement is filed as Exhibit 99.1 hereto.

 

Item 7. Material to be Filed as Exhibits.

 

99.1Amendment of Class A Shareholders Agreement dated December 30, 2016.

 

 

 

 

CUSIP No.   419596-20-0 13D Page 10 of 11 Pages

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

 

January 3, 2017 H5, L.P.

 

  By: Pine Hill Associates, LLC, its General Partner

 

  By: /s/ J. Rawson Haverty, Jr.
    J. Rawson Haverty, Jr.
    Manager of Pine Hill Associates, LLC

 

  PINE HILL ASSOCIATES, LLC
     
  By: /s/ J. Rawson Haverty, Jr.
    J. Rawson Haverty, Jr.
    Manager
     
  J. RAWSON HAVERTY, JR.
     
  By: /s/ J. Rawson Haverty, Jr.
    J. Rawson Haverty, Jr.
     
  Trust Created Under Item VI of the Last Will and Testament of Rawson Haverty Dated July 21, 2003
     
  By: /s/ J. Rawson Haverty, Jr.
    J. Rawson Haverty, Jr.
    Trustee
     
  By: /s/ Jane M. Haverty
    Jane M. Haverty
    Trustee

 

 

 

 

CUSIP No.   419596-20-0 13D Page 11 of 11 Pages

 

  By: /s/ Ben M. Haverty
    Ben M. Haverty
    Trustee
     
  Marital trust b Dated October 31, 2012
     
  By: /s/ J. Rawson Haverty, Jr.
    J. Rawson Haverty, Jr.
    Trustee
     
  By: /s/ Jane M. Haverty
    Jane M. Haverty
    Trustee
     
  By: /s/ Ben M. Haverty
    Ben M. Haverty
    Trustee

 

  MARGARET MUNNERLYN HAVERTY REVOCABLE TRUST DATED AUGUST 15, 2007 AS AMENDED AND RESTATED ON DECEMBER 17, 2012
     
  By: /s/ J. Rawson Haverty, Jr.
    J. Rawson Haverty, Jr.
    Trustee
     
  By: /s/ Jane M. Haverty
    Jane M. Haverty
    Trustee
     
  By: /s/ Ben M. Haverty
    Ben M. Haverty
    Trustee

 

 

 

 
CUSIP No.   419596-20-0 13D  

 

SCHEDULE 1

 

Shares of Class A Common Stock Acquired or Disposed of by the Reporting Persons in the last 60 days

 

1.H5, L.P.

 

Transaction
Date
Nature of Transaction
(Acquisition/Disposition)
Number of Shares Price Per Share Where and How
Transaction Effected
12/19/2016 Disposition 38,000 N/A Conversion1

 

2.J. Rawson Haverty, Jr.

 

Transaction
Date
Nature of Transaction
(Acquisition/Disposition)
Number of Shares Price Per Share Where and How
Transaction Effected
12/19/2016 Disposition 6,000 N/A Conversion2

 

3.Marital Trust

 

No transactions.

 

4.Marital Trust B

 

No transactions.

 

5.MMH Trust

 

No transactions.

 

 

 

1 Conversion of Class A Common Stock of the Company into common stock of the Company.

2 Conversion of Class A Common Stock of the Company into common stock of the Company.

 

 

 

EX-99.1 2 t1600817_ex99-1.htm EXHIBIT 99.1

 

 

Exhibit 99.1

 

AMENDMENT TO CLASS A SHAREHOLDERS AGREEMENT

 

This Amendment to Class A Shareholders Agreement (this “Amendment”) is entered into as of December 30, 2016, by and among Haverty Furniture Companies, Inc., a Maryland corporation (the “Company”) and the holders of Class A Common Stock, par value $1.00 per share (the “Class A Stock”), of the Company set forth on the signature page hereto (collectively, the “Shareholders,” and individually, a “Shareholder”; the Shareholders and the Company, together, the “Parties”) and amends that certain Class A Shareholders Agreement, dated as of June 5, 2012, by and among the Parties (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Agreement”).

 

RECITALS:

 

WHEREAS, following the conversion of all of the shares of Class A Stock held by The Estate of Frank S. McGaughey, III (successor to Frank S. McGaughey, III) (the “Estate”), the Estate no longer holds any Class A Stock;

 

WHEREAS, following the conversion of all of the shares of Class A Stock held by Ridge Partners, L.P. (the “Partnership”), the Partnership no longer holds any Class A Stock;

 

WHEREAS, Richard N. McGaughey (“R. McGaughey”) no longer holds Class A Stock; and

 

WHEREAS, the Parties wish to amend the Agreement to remove the Estate, the Partnership and R. McGaughey (the “Removed Parties”) as parties to the Agreement and to update Annex I to the Agreement.

 

NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, and the mutual benefits to be derived hereunder and thereunder, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties, intending to be legally bound, hereby affirm and agree to the following:

 

1.          Amendment. The Parties hereby amend the Agreement to remove the Removed Parties as parties to the Agreement, and the Removed Parties shall have no further rights or obligations with respect to the Agreement following the date of this Amendment. Further, the Parties hereby amend and restate Annex I to the Agreement in its entirety to read as set forth on Annex I attached to this Amendment. Except as herein expressly amended, the Agreement shall remain in full force and effect in accordance with its terms.

 

2.          Miscellaneous.

 

a.           Further Assurances. Each Party hereto agrees to perform any further acts and to execute and deliver any further documents and instruments as may be reasonably necessary or desirable to implement and/or accomplish the provisions of this Amendment and the transactions contemplated herein.

 

 

 

 

b.           Successors and Assigns. This Amendment shall be binding upon and inure to the benefit of the Parties and their respective successors and assigns. This Amendment is solely for the benefit of the Parties, and no other person or entity is entitled to rely upon or benefit from this Amendment or any term hereof.

 

c.           Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of Maryland (without giving effect to its conflicts of law principles).

 

d.           Counterparts. This Amendment may be executed in multiple counterparts, each of which shall be deemed an original Amendment, but all of which, taken together, shall constitute one and the same Amendment. A signed copy of this Amendment delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.

 

[Signature Page Follows]

 

 2 

 

 

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the date first written above.

 

  COMPANY:
   
  HAVERTY FURNITURE COMPANIES, INC.

 

  By:   /s/ Jenny H. Parker
  Name:  Jenny H. Parker
  Title:  SVP, Secretary & Treasurer

 

  SHAREHOLDERS:
   
  H5, L.P.

 

  By:   /s/ Rawson Haverty, Jr.
  Name: Rawson Haverty, Jr.
  Its: General Partner

 

  VILLA CLARE PARTNERS, L.P.

 

  By:   /s/ Clarence H. Smith
  Name: Clarence H. Smith
  Its: Managing Partner

 

  RIDGE PARTNERS, L.P.

 

  By:   /s/ Michael J. McGaughey
  Name: Michael J. McGaughey
  Its:   General Partner

 

  RAWSON HAVERTY, JR.

 

  By:   /s/ Rawson Haverty, Jr.
  Name:   Rawson Haverty, Jr.

 

  CLARENCE H. SMITH

 

  By: /s/ Clarence H. Smith
  Name: Clarence H. Smith

 

  THE ESTATE OF FRANK S. MCGAUGHEY, III

 

  By:   /s/ Carolyn McGaughey
  Name:   Carolyn McGaughey
  Title: Executrix

 

  RICHARD N. MCGAUGHEY

 

  By:   /s/ Richard N. McGaughey
  Name:   Richard N. McGaughey

 

[Signature Page to Amendment to Class A Shareholder Agreement]

 

 

 

 

ANNEX I

 

Holders of Class A Stock – Shareholders

 

Name   Shares of Class A
Stock
     
H5, L.P.   479,323
     
Villa Clare Partners, L.P.   603,497
     
Ridge Partners L.P.   0
     
Rawson Haverty, Jr.   82,331
     
Clarence H. Smith   87,036
     
The Estate of Frank S. McGaughey, III   0
     
Richard N. McGaughey   0