hookerfurn8k082611.htm


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 22, 2011
 

 
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):

o      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o      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 Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
 
On August 22, 2011, the Board of Directors of Hooker Furniture Corporation (“Hooker” or the “Company”) appointed Alan D. Cole as President of Hooker Furniture Corporation.
 
Mr. Cole, age 61, previously served as President - Hooker Upholstery since August 2008. He joined the Company in April 2007 as Executive Vice President – Upholstery Operations. Prior to joining the Company, Mr. Cole was President and Chief Executive Officer of Schnadig Corporation, a manufacturer and marketer of a full line of medium-priced home furnishings from 2004 to 2006. Mr. Cole has been President of Parkwest LLC, a real estate development firm from 2002 to the present. Mr. Cole also served as a member of the Company’s Board of Directors in 2003.
 
In conjunction with Mr. Cole’s appointment:
   
If the Company Attains:
 
   
70% of Target Operating Income
   
85% of Target Operating Income
   
100% of Target Operating Income
   
125% of Target Operating Income
   
150% of Target Operating Income
 
Alan D. Cole, President
    25.0 %     37.5 %     50 %     66.5 %     83.5 %
 
Paul B. Toms, Jr., who has served as the Company’s Chairman and Chief Executive Officer since December 2000 and President since November 2006, will continue in his roles as Chairman and Chief Executive Officer.
 
A copy of the Company’s press release, issued August 22, 2011, announcing Mr. Cole’s appointment as President is furnished as an exhibit to this report.
 
Item 9.01. Financial Statements and Exhibits.
 
(d)           Exhibits
 
    Exhibit 99.1.       Press release dated August 22, 2011
 
 
 

 

SIGNATURES
 
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
 
       
Date:  August 26, 2011
By:
/s/ Paul A. Huckfeldt  
   
Paul A. Huckfeldt
 
   
Vice-President Finance and Accounting
 
    Chief Financial Officer