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): August 30, 2006
HOOKER FURNITURE CORPORATION
(Exact name of registrant as specified in its charter)
| Virginia | 000-25349 | 54-0251350 | ||
| (State or other jurisdiction of incorporation or organization) |
(Commission File No.) | (I.R.S. Employer Identification No.) | ||
| 440 East Commonwealth Boulevard, Martinsville, Virginia |
24112 | (276) 632-0459 | ||
| (Address of principal executive offices) | (Zip Code) | (Registrant’s telephone number, including area code) | ||
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 August 30, 2006, Douglas C. Williams, President and Chief Operating Officer of Hooker Furniture Corporation (the “Company”), announced that he has decided to retire effective October 31, 2006. Mr. Williams also indicated he will resign as a member of the Company’s board of directors effective on that date.
The Company expects that upon Mr. Williams’s retirement his responsibilities as Chief Operating Officer will be assumed by Chairman and Chief Executive Officer Paul B. Toms, Jr. and other members of senior management.
The Company issued a press release on September 5, 2006 announcing Mr. Williams’s retirement. A copy of the Company’s press release is furnished with this report as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits |
| Exhibit | Description | |
| 99.1 | Press Release dated September 5, 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: September 5, 2006
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Exhibit Index
| Exhibit | Description | |
| 99.1 | Press Release dated September 5, 2006 |
Exhibit 99.1
PRESS RELEASE
For more information, contact:
Paul B. Toms Jr.,
Chairman and Chief Executive Officer
Hooker Furniture Corporation
276-632-2133
For immediate release: September 5, 2006
Hooker Furniture COO Doug Williams to Retire
Martinsville, Va.: Doug Williams, President and Chief Operating Officer of Hooker Furniture Corporation, will retire from management and the board of directors at the end of October, the company announced today.
Upon his retirement, Williams’ responsibilities will be carried out by Chief Executive Officer Paul Toms Jr. and others on the executive management team. Managers who previously reported to Williams will report to Toms.
“We greatly appreciate Doug’s 35 years of loyal and dedicated service to Hooker Furniture,” said Toms. “Under his leadership, Hooker grew from two wood furniture manufacturing plants to five and became a significant case goods player with a leading position in home office and home entertainment furniture. He has contributed on many levels to our success, and we would not be the company we are today if not for him.”
“It has been a joy and privilege to be part of such a great company for 35 years and to work with such wonderful people,” Williams said. “I want to thank everyone from my fellow officers to hourly associates for the help, support and respect I’ve had during my years at Hooker. I’m counting on them to continue the high standard of business and relationships that have always characterized the company.”
Ranked as the nation’s sixth largest publicly traded furniture producer based on 2005 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 home entertainment and wall units, home office, casual and formal dining, bedroom, bath furnishings, accent, occasional, game table and motion and stationary leather and fabric upholstered furniture. With over 1,000 employees, the Company operates three manufacturing plants, two supply plants, six distribution centers and warehouses, four showrooms and a corporate office in Virginia and North Carolina. The Company also utilizes a distribution center and two warehouses in China. The Company’s stock is listed on the NASDAQ Capital Market under the symbol HOFT, and closed at $14.70 per share on September 5, 2006. Please visit our websites at www.hookerfurniture.com and www.bradington-young.com.