Management Change/Compensation (Form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 1, 2025, Hooker Furnishings Corporation (the "Company") terminated Anne J. Smith, Chief Administration Officer, effective October 31, 2025. Ms. Smith will receive severance benefits consistent with the "without cause" termination provisions disclosed in the Company's Proxy Statement filed on Schedule 14A on May 3, 2025.

"Hooker Furnishings is taking decisive steps to return the business to profitability. We are making this change as part of a broader cost savings initiative aimed at reducing fixed costs by $25 million or 25%. Our cost-reduction and growth initiatives are positioning the Company to maintain resilience in today's challenging environment, and to strategically capture growth when demand returns," said Jeremy R. Hoff, CEO of Hooker Furnishings Corporation.

"Anne has been an integral part of Hooker for over seventeen years and has served in key roles during her tenure. She joined the Company as Director of Human Resources in 2008, was named Chief Administration Officer in 2018 as well as serving in other key management roles during her career. Following her departure, Anne has shared that she plans to retire. We thank Anne for her leadership, friendship and dedicated service and wish her the very best in a well-deserved retirement," Hoff concluded.