HF Foods Group Inc.

HF Foods Group Inc. announced the appointment of Taylor S. Brown, Esq. to its Board of Directors, effective June 19, 2026. This appointment expands the Board from four to five directors, with Mr. Brown serving as an independent director. CEO Felix Lin highlighted Mr. Brown's legal, operational, and communications expertise as valuable for the company's growth and operational priorities. Mr. Brown expressed his commitment to leveraging his experience in governance, risk, acquisitions, and stakeholder strategy to support long-term shareholder value.

HF Foods Group Inc.'s Board of Directors authorized a dividend distribution of one Right for each outstanding share of common stock to stockholders of record as of June 22, 2026. Each Right entitles the holder to purchase one one-thousandth of a share of Series AA Participating Preferred Stock at an exercise price of $9.55. The company adopted the Preferred Stock Rights Agreement on June 12, 2026, to protect stockholders from unsolicited takeover efforts and unreported stockholder group formation activity. This "poison pill" measure aims to deter any person or group from acquiring 15% or more of the common stock without Board approval.

HF Foods Group Inc. announced the adoption of a limited duration stockholder rights plan, effective immediately. The Board approved the plan in response to credible indications of undisclosed stock accumulation and coordinated group formation activities aimed at gaining control. The plan aims to protect stockholder interests by ensuring no entity acquires control without paying a full premium and providing the Board sufficient time for decision-making.

HF Foods Group Inc. announced that its Board of Directors has approved a limited duration stockholder rights plan and declared a dividend distribution of one right for each outstanding share of common stock, with a record date of June 22, 2026. The plan was adopted in response to credible indications of undisclosed stock accumulation and coordinated group formation activities aimed at gaining control, intending to protect stockholders' interests and ensure they realize full value. The Board has not initiated a sale process and remains confident in the company's standalone prospects.

HF Foods Group Inc. announced its participation in two investor conferences in June 2026. The company's executive management team will attend the TD Cowen Future of the Consumer Conference on June 2 in New York, NY, and the D.A. Davidson Technology & Consumer Conference on June 11 in Nashville, TN. At both events, HF Foods will host 1x1 meetings with investors throughout the day.

HF Foods Group Inc. reported a net income of $1.23 million for the first quarter of 2026, a significant improvement from a net loss of $1.65 million in the prior year period. Total net revenue increased by 4.55% to $312.0 million. The company also extended its revolving credit facility to March 2031 and completed the sale of assets held for sale, realizing a $1.4 million gain.

HF Foods Group Inc. announced its first quarter 2026 financial results, reporting a 4.5% increase in net revenue to $312.0 million. GAAP Net Income saw a significant rise of 188.6% to $1.4 million, while Adjusted EBITDA grew by 3.8% to $10.1 million. The company highlighted continued momentum from its transformation initiatives, including operational benefits from a consolidated sales call center, digital infrastructure advancements, and facilities expansion with the acquisition of a Chicago warehouse and near-completion of a Charlotte facility. Management expressed confidence in long-term growth despite near-term cost pressures.

HF Foods Group Inc. announced it will report its financial results for the first quarter ended March 31, 2026, on Monday, May 11, 2026, after market close. Following the release, the company will host a conference call to discuss these results on the same day at 1:30 p.m. PT (4:30 p.m. ET). Interested parties can access the webcast via the Company's Investor Relations website or participate in the live call by dialing the provided numbers.

HF Foods Group Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 5, 2026. Key proposals include the election of four directors, ratification of BDO USA, P.C. as the independent auditor, and advisory votes on executive compensation and its frequency. The CEO's letter highlighted strong 2025 financial performance, with net revenue up 2.2% to ~$1.23 billion and adjusted EBITDA growing 6.9% to ~$45 million, alongside strategic progress like ERP implementation and capacity expansion.

HF Foods Group Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 5, 2026. Key proposals include the election of four directors, ratification of BDO USA, P.C. as the independent auditor, and advisory votes on executive compensation and its frequency. The CEO's letter highlighted strong fiscal year 2025 performance, with net revenue of $1.23 billion and adjusted EBITDA of $45 million, alongside strategic advancements like ERP implementation and facility expansion.