Board MeetingApr 17, 2026, 04:07 PM
Hooker Furnishings Approves 2026 Executive Compensation
AI Summary
Hooker Furnishings Corporation's Compensation Committee approved the annual base salaries, annual cash incentives, and long-term incentives for its executive officers for 2026. CEO Jeremy R. Hoff's base salary is set at $680,000, and CFO C. Earl Armstrong III's at $375,000. Annual cash incentives for fiscal year 2027 are performance-based, weighted 30% on revenue and 70% on operating income, with potential payouts ranging from threshold to 2x target.
Key Highlights
- CEO Jeremy R. Hoff's 2026 base salary set at $680,000.
- CFO C. Earl Armstrong III's 2026 base salary set at $375,000.
- CEO's annual cash incentive potential ranges from $204,000 (threshold) to $1,360,000 (maximum).
- CFO's annual cash incentive potential ranges from $67,500 (threshold) to $450,000 (maximum).
- Annual cash incentives are tied to 30% revenue and 70% operating income targets for fiscal year 2027.
Price Impact
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