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): February 22, 2006
HOOKER FURNITURE CORPORATION
(Exact name of registrant as specified in its charter)
Virginia
(State or other jurisdiction of incorporation or organization)
| 000-25349 | 54-0251350 | |
| (Commission File No.) | (I.R.S. Employer Identification No.) | |
| 440 East Commonwealth Boulevard, Martinsville, Virginia | 24112 | |
| (Address of principal executive offices) | (Zip Code) | |
(276) 632-0459
(Registrant’s telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
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)) |
ITEM 5.02. DEPARTURE OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF PRINCIPAL OFFICERS.
On February 22, 2006, the appointment of David Sweet to the Board of Directors of Hooker Furniture was approved by the Board to be effective March 1, 2006. Mr. Sweet is a retired executive who served VF Corporation for over 25 years, most recently as vice president – retail of VF’s The North Face (TNF) outdoor products retail division. He will serve as a member of the Company’s Audit and Corporate Governance Committees.
A copy of Hooker Furniture’s press release, dated February 24, 2006, announcing Mr. Sweet’s appointment to Hooker Furniture’s Board of Directors, is filed in this report as Exhibit 99.1 and is incorporated into this Item 5.02 by reference.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
| (d) | Exhibits |
| Exhibit | Description | |
| 99.1 | Press Release dated February 24, 2006 |
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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 | ||
| By: | /s/ R. GARY ARMBRISTER | |
| R. Gary Armbrister | ||
| Chief Accounting Officer | ||
Date: February 24, 2006
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EXHIBIT INDEX
| Exhibit | Description | |
| 99.1 | Press Release dated February 24, 2006 |
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Exhibit 99.1
PRESS RELEASE
For more information, contact:
Paul B. Toms Jr.,
Chairman & Chief Executive Officer
276-632-2133
For immediate release: February 24, 2006
VF Corporation Veteran David Sweet Joins Hooker Board
Martinsville, Va.: David Sweet, a retired executive with VF Corporation with expertise in supply chain management, operations and branded consumer products retailing is joining the board of directors of Hooker Furniture Corporation (Nasdaq-CM:HOFT) effective March 1, 2006.
Sweet, who was with VF Corp. for over 25 years, was most recently vice president-retail of VF’s The North Face (TNF) outdoor products retail division. Prior to holding the retailing position, he was vice president-operations at TNF, involved in supply chain management, forecasting, production planning, product sourcing and distribution.
“We are very excited to have David join our board of directors, and believe his expertise will help us in areas we are focused on right now such as supply chain management and operations,” said Paul B. Toms Jr., chairman and chief executive officer. “His skill sets will enhance our board.”
Toms noted that Sweet’s executive leadership in numerous divisions of VF Corp. will be relevant to Hooker’s operations since VF also is a consumer products company with international scope. Sweet served as a member of the senior management team for VF Outdoor-Europe in the early part of this decade and was director of international development and acquisitions immediately prior to his European stint.
Sweet will serve on the corporate governance and audit committees of the board.
He and his wife Kathleen have two children and make their home in Martinsville.
Ranked as the nation’s sixth largest publicly traded furniture producer based on 2004 shipments to U.S. retailers, Hooker Furniture is an 82-year old importer and manufacturer of residential wood, metal and upholstered furniture. The Company’s principal customers are retailers of residential home furnishings who are broadly dispersed throughout North America. Major furniture categories include wall and entertainment units, office, dining, occasional, bedroom and upholstered leather furniture for the home. With approximately 1,400 employees, the Company operates manufacturing plants, distribution centers and warehouses, showrooms and a corporate office in Virginia and North Carolina. Please visit us at www.hookerfurniture.com.
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