# EDGAR Filing Document

**Accession Number:** 0000797465
**File Stem:** 0001437749-25-021525
**Filing Date:** 2025-6
**Character Count:** 10742
**Document Hash:** b12d2efce839ff30c67857af569bdcec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-25-021525.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001437749-25-021525

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20250626

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HG Holdings, Inc.
- **CENTRAL INDEX KEY:** 0000797465
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 541272589
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34964
- **FILM NUMBER:** 251090625

**BUSINESS ADDRESS:**
- **STREET 1:** 2115 E. 7TH STREET, SUITE 101
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28211
- **BUSINESS PHONE:** 850-299-9296

**MAIL ADDRESS:**
- **STREET 1:** 2115 E. 7TH STREET, SUITE 101
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28211

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STANLEY FURNITURE CO INC.
- **DATE OF NAME CHANGE:** 20060315

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STANLEY FURNITURE CO INC/
- **DATE OF NAME CHANGE:** 19930908

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STANLEY FURNITURE CO INC
- **DATE OF NAME CHANGE:** 19930908

?xml version='1.0' encoding='ASCII'? stly20250626_8k.htm

--12-31

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

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**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): **June 26, 2025**

**HG Holdings, Inc.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-34964** | **54-1272589** |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |

---

**2115 E. 7th Street, Suite 101**

**Charlotte, North Carolina 28204**

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: **(850) 299-9296**

**Not Applicable**

(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:

☐ 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))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 5.03.** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.**

Effective June 27, 2025, HG Holdings, Inc. (the "Company") amended its Restated Certificate of Incorporation (the "Certificate of Incorporation") to permit stockholders to take action by less than unanimous written consent upon obtaining the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote were present and voted (the "Amendment"). The Certificate of Incorporation previously provided that any action required to be taken at any annual or special meeting of stockholders, or any action which may be taken at an annual or special meeting of stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, was signed by all the stockholders entitled to vote thereon. A detailed description of the Amendment is contained in the Company's definitive proxy statement, as filed with the United States Securities and Exchange Commission (the "SEC") on Schedule 14A on May 13, 2025.

The Amendment was approved by the Company's board of directors on April 30, 2025, subject to stockholder approval, and approved by the Company's stockholders at the Company's Annual Meeting (as defined below), as further described in Item 5.07 below.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, a copy of which is filed as Exhibit 3.1 to this Current Report on Form 8-K and incorporated by reference herein.

**Item 5.07.** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Submission of Matters to a Vote of Security Holders.**

The Company's Annual Meeting of Stockholders (the "Annual Meeting") was held on June 26, 2025. At the Annual Meeting, the Company's stockholders voted upon three proposals. The proposals are described in detail in the Company's definitive proxy statement, as filed with the SEC on Schedule 14A on May 13, 2025. A brief description and the final vote results for each proposal follow. At the Annual Meeting, 1,871,316 shares of common stock, or 75.74% of the outstanding shares of common stock entitled to vote on each matter presented for vote at the Annual Meeting, were represented in person or by proxy.

1. Election of one director to serve until the Company's 2028 Annual Meeting of Stockholders:

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| | | | |
|:---|:---|:---|:---|
| **Nominee** | **For**  | **Withhold** | **Broker Non-Votes** |
| Steven A. Hale II | 1,871,299 | 17 | 0 |

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As a result, Mr. Hale was elected to serve as a director for a term expiring at the Company's 2028 Annual Meeting of Stockholders.

2. Approval of the Amendment to the Certificate of Incorporation to permit stockholders to take action by less than unanimous written consent.

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| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 1,779,466 | 91,834 | 16 | 0 |

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As a result, the Amendment was approved by the requisite vote of the Company's stockholders.

3. Advisory vote regarding the approval of compensation paid to the Company's named executive officers for the year ended December 31, 2024:

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| | | | |
|:---|:---|:---|:---|
| **For** | **Against** | **Abstain** | **Broker Non-Votes** |
| 1,866,596 | 537 | 4,183 | 0 |

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As a result, the compensation of the Company's named executive officers was approved by the requisite vote of the Company's stockholders, on an advisory basis.

No other proposals were submitted to a vote of stockholders at the Annual Meeting.

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**Item 9.01.** &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Financial Statements and Exhibits.**

(d) Exhibits.

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| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |

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| | |
|:---|:---|
| 3.1 | [Certificate of Amendment of Restated Certificate of Incorporation of HG Holdings, Inc., dated June 26, 2025.](ex_834644.htm) |

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|:---|:---|
| 104 | Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document |

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**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.

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| | | | |
|:---|:---|:---|:---|
|  |  | HG HOLDINGS, INC. | HG HOLDINGS, INC. |
| Date: June 30, 2025 | By: | /s/ Anna Lieb | /s/ Anna Lieb |
|  |  | Name: | Anna Lieb |
|  |  | Title: | Principal Financial and Accounting Officer |

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## Exhibit 3.1

**Exhibit 3.1**

**CERTIFICATE OF AMENDMENT**

**OF**

**RESTATED CERTIFICATE OF INCORPORATION**

**OF**

**HG HOLDINGS, INC.** 

HG HOLDINGS, INC., a corporation organized and existing under the General Corporation Law of the State of Delaware (the "Corporation"), hereby certifies as follows:

**FIRST:** The name of the Corporation is HG HOLDINGS, INC.

**SECOND:** The Amendment Certificate to the Restated Certificate of Incorporation of the Corporation was filed with the Secretary of State of the State of Delaware effective as of July 15, 2021.

**THIRD**: The Restated Certificate of Incorporation of the Corporation is hereby amended as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Section 6 of Article FIFTH is deleted in its entirety and replaced with the following:

"6. Any action required to be taken at any annual or special meeting of stockholders, or any action which may be taken at any annual or special meeting, may be taken without a meeting, without prior notice, and without a vote, if a consent in writing, setting forth the action so taken, shall be signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote were present and voted. Prompt notice of corporate action taken without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing."

**FOURTH:** The foregoing amendment was duly adopted by the board of directors and by the stockholders of the Corporation in accordance with the applicable provisions of Sections 222 and 242 of the General Corporation Law of the State of Delaware.

**FIFTH:** This Certificate of Amendment shall be deemed effective upon its filing with the Secretary of State of the State of Delaware.

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**IN WITNESS WHEREOF,** the Corporation has caused this Certificate of Amendment to be signed this 26<sup>th</sup> day of June, 2025.

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| | |
|:---|:---|
| **HG HOLDINGS, INC.**  | **HG HOLDINGS, INC.**  |
| By:  | /s/ Anna A. Lieb |
| Name: Anna A. Lieb | Name: Anna A. Lieb |
| Title: Principal Financial and Accounting Officer; Secretary | Title: Principal Financial and Accounting Officer; Secretary |

---