# EDGAR Filing Document

**Accession Number:** 0001077688
**File Stem:** 0001185185-26-001762
**Filing Date:** 2026-5
**Character Count:** 166366
**Document Hash:** bbd5121efb2673facde8c2692bc31652
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001185185-26-001762.hdr.sgml**: 20260508

**ACCESSION NUMBER**: 0001185185-26-001762

**CONFORMED SUBMISSION TYPE**: DEF 14A

**PUBLIC DOCUMENT COUNT**: 24

**CONFORMED PERIOD OF REPORT**: 20260609

**FILED AS OF DATE**: 20260508

**DATE AS OF CHANGE**: 20260508

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOOKER FURNISHINGS Corp
- **CENTRAL INDEX KEY:** 0001077688
- **STANDARD INDUSTRIAL CLASSIFICATION:** HOUSEHOLD FURNITURE [2510]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 540251350
- **STATE OF INCORPORATION:** VA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** DEF 14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-25349
- **FILM NUMBER:** 26956899

**BUSINESS ADDRESS:**
- **STREET 1:** 440 E COMMONWEALTH BLVD
- **STREET 2:** POB 4708
- **CITY:** MARTINSVILLE
- **STATE:** VA
- **ZIP:** 24115
- **BUSINESS PHONE:** 2766322133

**MAIL ADDRESS:**
- **STREET 1:** 440 E COMMONWEALTH BLVD
- **STREET 2:** POB 4708
- **CITY:** MARTINSVILLE
- **STATE:** VA
- **ZIP:** 24115

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HOOKER FURNITURE CORP
- **DATE OF NAME CHANGE:** 19990128

?xml version='1.0' encoding='ASCII'?

**Hooker Furnishings Corporation**

**440 East Commonwealth Boulevard**

**Martinsville, Virginia 24112**

**NOTICE OF ANNUAL MEETING OF SHAREHOLDERS**

**To be held June 9, 2026**

NOTICE IS HEREBY GIVEN that the Annual Meeting of Shareholders of Hooker Furnishings Corporation (the "Company") will be held at the Company's Corporate Office at 440 East Commonwealth Boulevard, Martinsville, Virginia, on Tuesday, June 9, 2026, at 1:00 p.m., for the following purposes:

&nbsp;&nbsp;&nbsp;&nbsp;■ To
elect as directors the seven nominees named in the attached proxy statement to serve a one-year term on the Company's Board of
Directors;

&nbsp;&nbsp;&nbsp;&nbsp;■ To
ratify the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending January
31, 2027;

&nbsp;&nbsp;&nbsp;&nbsp;■ To
cast an advisory vote to approve the compensation of the Company's named executive officers, as disclosed in the attached proxy
statement; and

&nbsp;&nbsp;&nbsp;&nbsp;■ To
transact such other business as may properly be brought before the meeting or any adjournment of the meeting.

The shareholders of record of the Company's Common Stock at the close of business on April 13, 2026 are entitled to notice of and to vote at this Annual Meeting or any adjournment of the meeting.

**Even if you plan to attend the meeting in person, we request that you mark, date, sign and return your proxy in the enclosed self-addressed envelope as soon as possible so that you may be certain that your shares are represented and voted at the meeting. Any proxy given by a shareholder may be revoked by that shareholder at any time before the voting of the proxy.**

---

| | |
|:---|:---|
|  | By Order of the Board of Directors, |
|  | ![](img_002.jpg) |
|  | Donna S. Adams |
|  | *Secretary* |
| May 8, 2026 |  |

---

**Important Notice Regarding the Availability of Proxy Materials for the Annual Meeting of Shareholders to be Held on June 9, 2026**

**The proxy statement and annual report to shareholders are available at:** <u>http://www.astproxyportal.com/ast/25490</u>

**Hooker Furnishings Corporation**

**440 East Commonwealth Boulevard**

**Martinsville, Virginia 24112**

**PROXY STATEMENT**

**ANNUAL MEETING OF SHAREHOLDERS**

**June 9, 2026**

The enclosed proxy is solicited by and on behalf of the Board of Directors (the "Board") of Hooker Furnishings Corporation (the "Company") for use at the Annual Meeting of Shareholders to be held on Tuesday, June 9, 2026, at 1:00 p.m., at the Company's Corporate Office at 440 East Commonwealth Boulevard, Martinsville, Virginia, 24112 and any adjournment of the meeting. The matters to be considered and acted upon at the meeting are described in the notice of the meeting and this proxy statement. This proxy statement and the related form of proxy are being mailed on or about May 8, 2026 to all holders of record on April 13, 2026 of the Company's common stock, no par value (the "Common Stock"). Shares of the Common Stock represented in person or by proxy will be voted as described in this proxy statement or as otherwise specified by the shareholder. Any proxy given by a shareholder may be revoked by that shareholder at any time before the voting of the proxy by:

&nbsp;&nbsp;&nbsp;&nbsp;■ delivering
a written notice to the Secretary of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;■ executing
and delivering a later-dated proxy; or

&nbsp;&nbsp;&nbsp;&nbsp;■ attending
the meeting and voting in person.

The cost of preparing, assembling, and mailing the proxy, this proxy statement, and any other material enclosed, and all clerical and other expenses of solicitations will be borne by the Company. In addition to the solicitation of proxies by use of the mail, directors, officers, and employees of the Company may solicit proxies by telephone or personal interview. These people will receive no additional compensation for these services but will be reimbursed for any expenses incurred by them in connection with these services. The Company will also request brokerage houses and other custodians, nominees, and fiduciaries to forward soliciting material to the beneficial owners of Common Stock held of record by those parties and will reimburse those parties for their expenses in forwarding soliciting material.

**Voting Rights**

On April 13, 2026, the record date for the Annual Meeting, there were 10,777,467 shares of Common Stock outstanding and entitled to vote. Each share of Common Stock entitles the holder of that share to one vote on each matter presented.

**Voting Procedures**

Votes will be tabulated by one or more Inspectors of Elections. A majority of the total votes entitled to be cast on matters to be considered at the Annual Meeting constitutes a quorum. Once a share is represented for any purpose at the Annual Meeting, it is deemed to be present for quorum purposes for the remainder of the meeting. Abstentions and shares held of record by a broker or its nominee ("broker shares") that are voted on any matter are included in determining the number of votes present or represented at the Annual Meeting. However, broker shares that are not voted on any matter at the Annual Meeting will not be included in determining whether a quorum is present at the meeting.

In the election of directors, the seven nominees receiving the greatest number of votes cast in the election of directors will be elected. Votes that are withheld and broker shares that are not voted in the election of directors are not considered votes cast on the election of directors and, therefore, will have no effect on the election of directors.

Actions on all other matters to come before the meeting, including ratification of the selection of the Company's independent registered public accounting firm and the advisory vote on executive compensation will be approved if the votes cast in favor of the action exceed the votes cast against it. Abstentions and broker shares that are not voted on a matter are not considered cast either for or against that matter and, therefore, will have no effect on the outcome of that matter.

The shares represented by proxies will be voted as specified by the shareholder. If the shareholder does not specify their choice, the shares will be voted:

&nbsp;&nbsp;&nbsp;&nbsp;■ "FOR"
the election of the seven director nominees listed on the proxy card;

&nbsp;&nbsp;&nbsp;&nbsp;■ "FOR"
the ratification of the selection of KPMG LLP as the Company's independent registered public accounting firm for the fiscal year
ending January 31, 2027;

&nbsp;&nbsp;&nbsp;&nbsp;■ "FOR"
the approval, on an advisory basis, of the compensation of certain of the Company's named executive officers as disclosed in this
proxy statement; and

&nbsp;&nbsp;&nbsp;&nbsp;■ In
the discretion of the persons named in the proxies upon any other matter(s) that may properly come before the meeting or any adjournment
of the meeting.

**PROPOSAL ONE**

**ELECTION OF DIRECTORS**

The Company proposes the election of Maria C. Duey, Paulette Garafalo, Christopher L. Henson, Jeremy R. Hoff, Paul A. Huckfeldt, Tonya H. Jackson, and Ellen C. Taaffe to hold office until the next Annual Meeting of Shareholders is held and their successors are elected. All nominees listed were previously elected directors by the shareholders. Each director nominee has consented to being named as a nominee for election at the Annual Meeting. The Board of Directors of the Company presently consists of eight directors whose terms expire at the time of the 2026 Annual Meeting upon election of their successors. On January 1, 2026, W. Christopher Beeler, Jr., the current Chair of the Board, notified the Company that he planned to retire from the Board and will not stand for re-election at the Company's 2026 Annual Meeting. He will continue to serve through the remainder of his current term, and effective upon the end of his term at the annual meeting, the size of the Company's Board of Directors will be reduced from eight to seven directors. Based on the recommendation of the Nominating and Corporate Governance Committee, and assuming reelection as a director, the Board has elected Paulette Garafalo to serve as its new Chair beginning immediately following the Annual Meeting.

The shares represented by proxies will be voted as specified by the shareholder. If the shareholder returns a properly executed proxy card but does not specify their choice, the shares will be voted in favor of the election of the nominees listed on the proxy card. If any nominee should not continue to be available for election, the shares represented by those proxies will be voted for the election of such other person as the Board of Directors may recommend. As of the date of this proxy statement, the Board of Directors has no reason to believe that any of the nominees named below will be unable or unwilling to serve.

**Board Matrix**

The matrix below summarizes as of the date of this proxy statement certain of the key experiences, qualifications, skills, and attributes that the directors proposed for election bring to the Board to enable effective oversight. This matrix is intended to provide a summary of the directors' qualifications and is not a complete list of each director's strengths or contributions to the Board. Additional details on each director's experiences, qualifications, skills, and attributes are set forth in their biographies that follow. In addition, none of the directors self-identified LGBTQ+ status or any additional racial or ethnic demographic background other than the backgrounds shown in the matrix below.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Board Matrix For Directors Proposed for Election** | **Board Matrix For Directors Proposed for Election** | **Board Matrix For Directors Proposed for Election** | **Board Matrix For Directors Proposed for Election** | **Board Matrix For Directors Proposed for Election** | **Board Matrix For Directors Proposed for Election** | **Board Matrix For Directors Proposed for Election** | **Board Matrix For Directors Proposed for Election** |
| **Knowledge, Skills and Experience** | **Duey** | **Garafalo** | **Henson** | **Hoff** | **Huckfeldt** | **Jackson** | **Taaffe** |
| **Industry Experience** | **Home <br> Durables** | **Fashion/ <br> Apparel/ <br> Retail** | **Finance** | **Home <br> Durables** | **Home <br> Durables** | **Technology /<br> Manufacturing** | **Home <br> Durables** |
| Public Company Executive Experience | ● | ● | ● | ● | ● | ● | ● |
| Corporate Governance | ● | ● | ● | ● | ● | ● | ● |
| Finance/Accounting | ● |  | ● |  | ● |  |  |
| Marketing / Product Development |  | ● |  | ● |  |  | ● |
| Mergers and Acquisitions | ● |  | ● | ● | ● | ● |  |
| Manufacturing / Operations |  | ● |  |  | ● | ● |  |
| Retail / Consumer |  | ● | ● | ● |  |  | ● |
| Supply Chain |  |  |  |  |  | ● |  |
| Risk Management |  | ● | ● |  | ● | ● | ● |
| Strategic Planning | ● | ● | ● | ● |  |  | ● |
| Technology / Digital / Cybersecurity |  |  |  |  | ● | ● |  |
| **Demographics \*** |  |  |  |  |  |  |  |
| **Race/Ethnicity** |  |  |  |  |  |  |  |
| African American |  |  |  |  |  | ● |  |
| White / Caucasian | ● | ● | ● | ● | ● |  | ● |
| **Gender** |  |  |  |  |  |  |  |
| Female | ● | ● |  |  |  | ● | ● |
| Male |  |  | ● | ● | ● |  |  |
| **Board Tenure** |  |  |  |  |  |  |  |
| 1 - 5 years |  |  | ● |  | ● |  |  |
| 6 - 10 years | ● | ● |  | ● |  | ● |  |
| > 10 years |  |  |  |  |  |  | ● |

---

\* The Demographic disclosures are based on self-identified reporting by each director.

**Maria C. Duey**, 63, joined the Board in March 2021. Since 2018, Ms. Duey has served as Chief Executive Officer of Leonine Advisory and Support Services, a consulting firm specializing in strategic planning and mergers and acquisitions serving private equity firms, family offices and small businesses. From 2015-2017, Ms. Duey served as Vice-President of Corporate Development and Investor Relations at Horizon Global, a manufacturer of towing and trailering products serving the automotive aftermarket, retail and original equipment (OE) channels. From 1996-2014, she was employed by Masco Corporation, one of the leading manufacturers of branded home improvement and building products, serving as Vice-President-Investor Relations and Corporate Communications from 2005-2014. From 1996-2005, she spent nine years in corporate development and M&A, progressing through roles of increasing responsibility. Ms. Duey serves as chair of the Compensation Committee and a member of the Nominating and Corporate Governance Committee and the Audit Committee. In 2023, Ms. Duey was named a Certified Corporate Director with the National Association of Corporate Directors. The knowledge and experience that Ms. Duey has in the areas of mergers and acquisitions, strategic planning, investor relations and corporate communications, as well as her executive experience, well qualifies her to serve as a director.

**Paulette Garafalo,** 69, has been director since 2017, and if reelected as a director, has been elected Board Chair beginning immediately after the Annual Meeting. She served as Executive Chairman of Paul Stuart, a men's and women's classic apparel retailer and wholly owned subsidiary of Mitsui Co., Ltd, from 2022 to 2024. She served as Chief Executive Officer and President of Paul Stuart from 2016 to July 2022. She served as President of Brooks Brothers, a men's and women's apparel retailer, from 2010 to 2016. Ms. Garafalo serves as a member of the Compensation Committee, the Nominating and Corporate Governance Committee and the Audit Committee and served as Compensation Committee Chair from 2017 until 2023. Ms. Garafalo's executive experience, which encompasses traditional corporate management functions, and her extensive experience in retail and luxury consumer brands well qualifies her to serve as a director. The knowledge and experience Ms. Garafalo gained as CEO of Paul Stuart further broadens her experience and qualifications to serve as a director.

**Christopher L. Henson**, 64, joined the Board in October 2022. Mr. Henson served as the Head of Banking and Insurance of Truist Bank from 2019 until his retirement in September 2021. He joined Truist Financial Corporation's predecessor BB&T's executive management team in 2004 and served in various executive positions including City Executive, Regional President, State President, Chief Financial Officer, and Chief Operating Officer before being promoted to President and Chief Operating Officer from 2016 to 2019. He also serves on the Board of Trustees of High Point University where he served as Board Chair from 2022-2025 and now serves as Chair of the Investment Committee and a member of the Finance and Executive Committees. He is also a May 2026 board of director nominee for KeyCorp, a Cleveland-based financial services institution. Mr. Henson serves as chair of the Audit Committee and is a member of the Compensation Committee and the Nominating and Corporate Governance Committees. Mr. Henson's extensive knowledge of finance and banking, as well as experience in a wide variety of leadership roles well qualify him to serve as a director.

**Jeremy R. Hoff,** 52, has been a director and Chief Executive Officer since February 1, 2021. He was President of Hooker Legacy Brands from February 2020 through January 2021 and served as President of the Hooker Branded Segment from April 2018 to January 2020. Mr. Hoff joined the Company in August of 2017 as President of Hooker Upholstery. Prior to that, Mr. Hoff served as President of Theodore Alexander USA from December 2015 to August 2017 and Senior Vice President of sales at A.R.T. Furniture Inc. from April 2015 to November 2015 and Vice-President of Sales from March 2011 to April 2015. In addition, he currently serves as Vice Chair of both the High Point Market Authority and American Home Furnishings Hall of Fame. Mr. Hoff's role as the Chief Executive Officer as well as his extensive background in the furnishings industry, including his various former positions at the Company, well qualifies him to serve as a director.

**Paul A. Huckfeldt**, 68, retired on February 2, 2025 having served as the Company's Senior Vice President - Finance and Accounting since September 2013 and Chief Financial Officer since January 2011. He was elected to our Board effective upon his retirement. Mr. Huckfeldt also served as Vice President – Finance and Accounting from December 2010 to September 2013, Corporate Controller and Chief Accounting Officer from January 2010 to January 2011, Manager of Operations Accounting from March 2006 to December 2009 and led the Company's Sarbanes-Oxley implementation and subsequent compliance efforts from April 2004 to March 2006. Mr. Huckfeldt has over 40 years of experience in accounting, including over eleven years of experience in various accounting positions with a public, multi-billion-dollar global apparel manufacturer. Mr. Huckfeldt's 14 years of experience as Chief Financial Officer, his familiarity with the Company's strategy, operations, board deliberations and personnel, along with relationships with our major shareholders and the investment community, well qualifies him to serve as a director.

**Tonya H. Jackson**, 62, has been a director since 2017. She served as Senior Vice President and Chief People Officer for Lexmark, a global imaging and IoT solutions provider from 2023 until her retirement in 2025. In this role, she was responsible for talent acquisition and development, strategic internal communications, compensation and benefits, strategic workforce planning, and organizational design. She served as Senior Vice President and Chief Product Delivery Officer for Lexmark from 2020 - 2023. She served as Senior Vice President and Chief Supply Chain Officer from 2016 until 2020, Vice-President of Supply Chain Operations at Lexmark from 2015 until 2016 and Vice President of Worldwide Supplies Operations from 2013 until 2015. Ms. Jackson serves as a member of the Compensation Committee and Audit Committee and is Chair of the Nominating and Governance Committee. In 2021, Ms. Jackson was named a Certified Corporate Director with the National Association of Corporate Directors (NACD). In 2022, Ms. Jackson earned the CERT Certificate in Cybersecurity Oversight from Carnegie Mellon University. Ms. Jackson's senior executive experience at a large, global corporation and her extensive experience in operations and supply chain management well qualifies her to serve as a director.

**Ellen C. Taaffe**, 64, has been a director since July 2015. Ms. Taaffe serves as a member of the Nominating and Corporate Governance, Audit, and Compensation Committees and served as chair of the Nominating and Corporate Governance Committee from 2017 until 2023. Currently she is a Clinical Associate Professor of Management and Organizations at Northwestern University's Kellogg School of Management since 2016 and a Keynote Speaker, Consultant, and Executive Leadership Coach since 2015. Previously Ms. Taaffe was President of Ravel, formerly Smith-Dahmer Associates LLC, a brand and product strategy consulting firm from 2010-2015. Prior to that, Ms. Taaffe held the top brand management role with profit and loss responsibilities in divisions of PepsiCo, Royal Caribbean Cruises Ltd., and Whirlpool Corporation. She has served on the board of directors of John B. Sanfilippo & Son Inc., a Chicago- based baking and snack nut, and snack bars processor, distributor, and marketer, since 2011 where she is Lead Independent Director, Chair of the Compensation and Human Resources Committee, and a member of the Audit and the Nominating and Governance Committees, which she previously chaired. In 2018, she joined the board of directors of AARP Services, Inc. ("ASI"), where she serves as Board Chair, past chair of ASI's Nominating and Governance Committee, and a member of the Compensation and Talent Management and the Nominating and Governance Committees. Ms. Taaffe is a Certified Corporate Director with the NACD. Her executive experience at various public companies, her current governance leadership of a public-company board of directors and expertise in and knowledge of go-to market strategies and traditional and marketing best practices in high-ticket consumer durables, well qualifies her to serve as a director of the Company.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE *<u>FOR</u>* EACH OF THESE NOMINEES.**

**CORPORATE GOVERNANCE**

The Board of Directors is currently comprised of:

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Independent Chair of the Board of Directors;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Company's Chief Executive Officer;

&nbsp;&nbsp;&nbsp;&nbsp;■ five
other independent directors, as determined by the Board of Directors upon the recommendation of the Nominating and Corporate Governance
Committee;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Company's former Chief Financial Officer; and

&nbsp;&nbsp;&nbsp;&nbsp;■ a
Nominating and Corporate Governance Committee, a Compensation Committee, and an Audit Committee.

The following table shows the Company's current Board of Directors composition. Mr. Hoff, the Company's Chief Executive Officer, and Mr. Huckfeldt, the Company's retired Chief Financial Officer, do not serve on any of the Committees.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Current Composition of the Board of Directors** | **Current Composition of the Board of Directors** | **Current Composition of the Board of Directors** | **Current Composition of the Board of Directors** | **Current Composition of the Board of Directors** | **Current Composition of the Board of Directors** | **Current Composition of the Board of Directors** |
|  | **Beeler** | **Duey** | **Garafalo** | **Henson** | **Jackson** | **Taaffe** |
| Independent Director | Independent<br> Board Chair | ● | ● | ● | ● | ● |
| Audit Committee | ● | ● | ● | Chair | ● | ● |
| Compensation Committee | ● | Chair | ● | ● | ● | ● |
| NCG Committee | ● | ● | ● | ● | Chair | ● |

---

Note: Mr. Beeler will not stand for re-election, but will continue to serve through the remainder of his current term. He is currently deemed independent and serves as the Board Chair through the end of his current term. If reelected as a director, Ms. Garafalo has been elected to serve as Board Chair, as of immediately after the Annual Meeting.

The Board believes that this leadership structure provides an effective balance between the Board Chair, independent directors and the Chief Executive Officer. Consequently, the Board of Directors believes the current leadership structure is in the best interests of the Company and its shareholders.

The Board of Directors typically holds five to six meetings per year. In the fiscal year beginning February 3, 2025 through February 1, 2026 ("fiscal 2026"), it held fifteen meetings. During fiscal 2026, the Compensation Committee and Nominating and Corporate Governance Committee both met five times. The Audit Committee met four. Each incumbent director attended at least 75% of the fiscal 2026 Board meetings and committee meetings held during the period that they were a member of the Board and/or those committees. The Nominating and Corporate Governance Committee and the Board of Directors have each determined that each of the following directors is independent as defined by applicable NASDAQ listing standards: W. Christopher Beeler, Jr., Maria C. Duey, Paulette Garafalo, Christopher L, Henson, Tonya H. Jackson, and Ellen C. Taaffe. At each regularly-scheduled Board meeting, the non-employee directors conduct a part of the meeting in executive session, at which only non-employee directors are present. After such sessions, the independent directors consider whether to conduct a further additional executive session with only independent directors present. It is the Company's policy that each of the directors is expected to attend the Company's Annual Meeting. All directors attended last year's annual meeting of shareholders.

In 2011, the Board determined that it was in the best interests of the Company and its shareholders that all independent directors serve on all committees of the Board. The Board believed this "Committees of the Whole" approach was more efficient given its modest size, since all independent directors have input into committee actions and that the need for committees reporting at Board meetings would be greatly reduced. Mr. Hoff, the Company's current Chief Executive Officer, and Mr. Huckfeldt, the Company's retired Chief Financial Officer, do not serve on any Board Committees.

**Corporate Governance Guidelines**

The Board of Directors has adopted Corporate Governance Guidelines, which set forth its policies with respect to certain governance issues and, together with the Company's articles and bylaws, provide a framework for the effective governance of the Company and are intended to support the Board in overseeing the business and affairs of the Company on behalf of the Company's shareholders. A copy of the Corporate Governance Guidelines is available on the Company's website at investors.hookerfurnishings.com.

**Environmental, Corporate Social Responsibility and Governance ("ESG") Initiatives**

The Board of Directors has adopted a set of policies and practices addressing environmental stewardship, sustainability, corporate social responsibility, and ethics and governance that it believes create long-term value for shareholders, while investing in employees and communities and positively impacting the environment. The Board of Directors exercises oversight over these matters and discusses them at least quarterly with management.

The Company is actively working to refine and align its environmental stewardship based on current best practices, shareholder expectations and regulatory developments through its ESG-focused employee committee called CARE (Community Action & Responsibility for our Environment). It regularly updates management and updates the Board at least quarterly on these initiatives. The recent and ongoing activities and new developments include:

&nbsp;&nbsp;&nbsp;&nbsp;■ *Environmental Matters:* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Our
manufacturing operations generate hazardous and non-hazardous waste, which we manage in compliance with applicable environmental laws.
Environmental liabilities are recorded when probable and reasonably estimable, and related costs have not had, and are not expected to
have, a material impact on our financial condition or results of operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o We
continue to advance sustainability initiatives aligned with best practices and stakeholder expectations. These efforts include maintaining
an annual, independently verified greenhouse gas (GHG) emissions inventory and investing in energy efficiency and carbon reduction projects.
Since 2022, we have procured renewable energy for certain domestic facilities, with some operations powered entirely by renewable sources,
and we have received recognition for energy efficiency in our operating regions. We also support environmental initiatives through partnerships
with organizations focused on conservation, education, and resource stewardship.

&nbsp;&nbsp;&nbsp;&nbsp;■ *People* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o We
offer competitive compensation and comprehensive benefits that support employees' well-being and comply with applicable labor laws.
We maintain standardized safety programs, training, and oversight committees to promote a safe and healthy work environment. We also
invest in employee development through training, leadership programs, and educational support, and we maintain internship and workforce
development initiatives to strengthen talent pipelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Our
corporate social responsibility efforts include charitable giving and community engagement focused on health, education, environmental
sustainability, and community welfare. Our "100 Acts of Kindness" campaign and ongoing partnerships with charitable organizations
reflect our commitment to making a positive impact in the communities we serve.

&nbsp;&nbsp;&nbsp;&nbsp;■ *Corporate Social Responsibilities* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o We
maintain a strong governance framework supported by our Code of Business Conduct and Ethics, which applies to all employees and is reinforced
through regular training on ethics, anti-corruption, anti-bribery, and cybersecurity. We also require suppliers to comply with our Vendor
Code of Conduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o We
conduct periodic ESG and supply chain security audits, including participation in the U.S. Customs Trade Partnership Against Terrorism
(CTPAT) program. These assessments support continuous improvement, enhance supply chain integrity, and facilitate efficient operations.

**Contacting the Board of Directors**

Shareholders and other interested parties who desire to contact the Company's Board of Directors or any individual director may do so by writing to: Board of Directors, c/o Donna S. Adams, Secretary, Hooker Furnishings Corporation, P.O. Box 4708, Martinsville, VA 24115. The Board has instructed the Secretary to promptly forward all such communication to the specified address thereof.

Shareholders and other interested parties also may direct communications solely to the independent directors of the Company, as a group, by addressing such communications to the Independent Directors, c/o Secretary, at the address set forth above.

In addition, the Board of Directors maintains special procedures for the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting controls or auditing matters, and for the submission by employees of the Company, on a confidential and anonymous basis, of concerns regarding questionable accounting or auditing matters. Such communications may be made by writing to the Audit Committee of the Board of Directors, c/o Secretary, at the address set forth above. Any such communication marked "confidential" will be forwarded by the Secretary, unopened, to the Chair of the Audit Committee.

**Nominating and Corporate Governance Committee** 

The Nominating and Corporate Governance Committee is comprised entirely of the Board's independent directors. Ms. Jackson currently serves as its Chair. The Committee:

&nbsp;&nbsp;&nbsp;&nbsp;■ identifies,
evaluates, investigates and recommends prospective director candidates;

&nbsp;&nbsp;&nbsp;&nbsp;■ assists
the Board with respect to corporate governance matters applicable to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;■ evaluates
and makes recommendations to the Board regarding the size and composition of the Board and makes recommendations about the chairs of
all standing Board committees;

&nbsp;&nbsp;&nbsp;&nbsp;■ develops
and recommends criteria for the selection of individuals to be considered as candidates for election to the Board; and

&nbsp;&nbsp;&nbsp;&nbsp;■ assists
the Board in senior management succession planning.

The Board of Directors has adopted a written charter for the Nominating and Corporate Governance Committee which is reviewed and reassessed for adequacy by the Committee annually, a current copy of which is available on the Company's website at investors.hookerfurnishings.com. The Board of Directors has determined that each member of the Committee is independent as defined by applicable NASDAQ listing standards.

Candidates for director nominees will be assessed in the context of the current composition of the Board, the operating requirements of the Company and the long-term interests of shareholders. The Committee has not established a set of specific, minimum qualifications for director candidates, but in conducting its assessment, the Committee will consider such factors as it deems appropriate given the current needs of the Board and the Company. In general, the Committee seeks candidates who:

&nbsp;&nbsp;&nbsp;&nbsp;■ possess
a reputation for adhering to the highest ethical standards and have demonstrated competence, integrity and respect for others;

&nbsp;&nbsp;&nbsp;&nbsp;■ have
demonstrated excellence in leadership, judgment and character;

&nbsp;&nbsp;&nbsp;&nbsp;■ have
diverse business backgrounds, with a wide range of relevant education, skills and professional experience that will complement and enhance
the Company's business and strategy; and

&nbsp;&nbsp;&nbsp;&nbsp;■ have
the time to devote to Board and Committee service and are free of potential conflicts of interest.

While the Board has no formal policy regarding diversity, the Committee considers the diversity of the Board when identifying nominees for director. Such diversity may include a variety of different personal, business and professional experiences, as well as a variety of opinions, perspectives, backgrounds and other characteristics.

In the case of incumbent directors, the Committee reviews each director's overall service to the Company during their term as director and whether their skills are still relevant to the needs of the Board in deciding whether to re-nominate the director. The Committee also considers future Board needs in light of the mandatory retirement age of 75 for outside directors.

The Board does not believe that it is appropriate or necessary to limit the number of terms a director may serve. However, any outside director must retire upon reaching the age of 75, with such retirement being effective and occurring upon the completion of the term in which the director turns 75.

The Committee also facilitates the Board's annual self-assessment.

**Procedures for Shareholder Recommendations of Director Nominees**

The Committee will consider a director candidate recommended by a shareholder of record for election at the 2027 Annual Meeting if, in addition to meeting other applicable requirements, the shareholder submits a notice of the recommendation in writing to the Secretary of the Company in accordance with the procedures for the nomination of directors in the Company's bylaws (including Article III, Section 3 of the bylaws) and it is received at the Company's principal executive offices on or before January 8, 2027. The notice must include the candidate's name and address and a description of the candidate's qualifications for serving as a director and contain the information conforming to the requirements outlined in our bylaws (including Article III, Section 3 of the bylaws).

The Nominating and Corporate Governance Committee may refuse to consider the recommendation of any person not made in compliance with this procedure.

**Cooperation Agreement**

On January 1, 2026, the Company entered into a Cooperation Agreement (the "Cooperation Agreement") with Global Value Investment Corporation and certain of its affiliates (collectively, "GVIC"), a more than 5% beneficial owner of the Company's common stock. On February 17, 2026, the Company and GVIC amended the Cooperation Agreement (the Cooperation Agreement as amended, the "Amended Cooperation Agreement").

Under the terms of the Amended Cooperation Agreement, the Company and GVIC have agreed to act in good faith and cooperate to identify a mutually agreeable independent director candidate (the "New Director") for appointment to the Board of Directors of the Company who possesses industry background relevant to the Company's business by no later than February 28, 2027. Once such New Director is mutually agreed upon by the Company and GVIC, the Board has agreed to (i) increase the size of the Board by one director, (ii) appoint the New Director to the Board to fill the resulting vacancy with a term expiring at the 2027 annual meeting of shareholders, and (iii) appoint the New Director to all standing committees of the Board. The Company also has agreed to include the New Director on its slate of director nominees recommended by the Board for election at the 2027 annual meeting of shareholders, subject to specified conditions. Further details related to the Amended Cooperation Agreement are detailed in the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on January 2, 2026 and February 17, 2026.

**Compensation Committee** 

The Compensation Committee comprises all of the Board's independent directors. Ms. Duey currently serves as its Chair. The Committee reviews and makes determinations regarding the compensation for the Chief Executive Officer and the Company's other executive officers. The Committee is also responsible for recommending director compensation to the Board of Directors. The Committee annually reviews Board compensation of the Company's peer group and periodically engages outside consultants to independently assess Board compensation.

The Board of Directors has determined that each member of the Compensation Committee is independent as defined by applicable NASDAQ listing standards.

The Board of Directors has adopted a written charter for the Compensation Committee which is reviewed and reassessed for adequacy by the Committee annually, a current copy of which is available on the Company's website at investors.hookerfurnishings.com. The charter delegates to the Committee specific responsibilities for establishing, reviewing, approving, monitoring, and administering executive compensation. In addition, the charter requires that each member of the Compensation Committee be a "non-employee director" under Rule 16b-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and that each Committee member meet applicable NASDAQ director independence requirements. The Report of the Compensation Committee can be found on page 17. Under the terms of its charter, the Compensation Committee may delegate any of its duties or responsibilities to subcommittees of the Compensation Committee. In addition, the Compensation Committee may delegate certain administrative responsibilities relating to the Company's 2024 Stock Incentive Plan ("Stock Incentive Plan") to Company officers.

The Compensation Committee has the authority, without any further approval from the Board, to retain advisers, as it deems appropriate, including compensation consultants. In retaining an adviser, the Compensation Committee has sole authority to approve the adviser's fees and other retention terms and has the sole authority to terminate the adviser.

The Compensation Committee has directly engaged Pearl Meyer & Partners, LLC ("Pearl Meyer") as its external compensation consultant. Pearl Meyer reports to and receives direction directly from the Committee, and a representative of Pearl Meyer is available to attend meetings of the Compensation Committee as its adviser when requested. Most recently in April 2024, Pearl Meyer assisted the Committee with design changes to the short-term and long-term incentive plans, which became effective for fiscal year 2025, and provided the Compensation Committee with third-party survey information for use in setting Board compensation as well as short and long-term compensation levels for the Chief Executive Officer and the Company's other named executives, perspective on emerging compensation issues and trends, and expertise in incentive compensation structure, terms, and design.

In considering whether to engage Pearl Meyer as the Compensation Committee's compensation adviser, the Compensation Committee evaluates its independence from Company management and whether there are any conflicts of interest. In fiscal 2026, the Compensation Committee evaluated the fees paid by the Company to Pearl Meyer and its policies and procedures to prevent conflicts of interest, and its confirmation that there is no business or personal relationship with a member of the Compensation Committee, it does not own any stock of the Company, and there is no business or personal relationship with any executive officer of the Company. The Compensation Committee concluded that Pearl Meyer was independent of the Compensation Committee and of Company management and had no conflicts of interest in the performance of services to the Committee.

The Compensation Committee invites the executive officers to attend meetings when the Compensation Committee considers their input relevant or necessary for evaluating compensation proposals. A portion of each meeting is generally held in executive session, as the Compensation Committee deems appropriate. All Compensation Committee decisions and votes are conducted in executive session. Management does not attend these executive sessions. The Compensation Committee annually reviews the Chief Executive Officer's compensation.

The Chief Executive Officer makes recommendations to the Compensation Committee concerning compensation for the other executive officers of the Company. Decisions regarding compensation for employees other than the executive officers are made by the Chief Executive Officer in consultation with other members of senior management. Management assists the Compensation Committee in administering various elements of the Company's executive compensation program. The Compensation Committee has unrestricted access to management and may request the participation of management in any discussion of a particular subject at any meeting. During fiscal 2026, management provided the Compensation Committee with recommendations regarding executive officers' compensation, as discussed further in the executive compensation discussion that begins on page 17.

**Audit Committee**

The Audit Committee comprises all independent directors on the Board. Mr. Henson serves as its Chair. The Audit Committee:

&nbsp;&nbsp;&nbsp;&nbsp;■ approves
the appointment of an independent registered public accounting firm to audit the Company's financial statements and internal control
over financial reporting;

&nbsp;&nbsp;&nbsp;&nbsp;■ negotiates
fees for audit, audit-related and tax services with the Company's independent registered public accounting firm;

&nbsp;&nbsp;&nbsp;&nbsp;■ reviews
and approves the scope, purpose and type of audit and non-audit services to be performed by the independent registered public accounting
firm;

&nbsp;&nbsp;&nbsp;&nbsp;■ reviews
and discusses with management and the independent registered public accounting firm significant accounting, reporting, legal, regulatory
or industry developments affecting the Company (and/or the Company's financial statements);

&nbsp;&nbsp;&nbsp;&nbsp;■ monitors
compliance with the Company's Code of Business Conduct and Ethics, including the Company's ethics and compliance portal /
hotline;

&nbsp;&nbsp;&nbsp;&nbsp;■ reviews
and approves any related party transactions;

&nbsp;&nbsp;&nbsp;&nbsp;■ oversees
the Company's internal audit function;

&nbsp;&nbsp;&nbsp;&nbsp;■ oversees
the accounting and financial reporting processes of the Company and the integrated audit of the Company's annual financial statements
and internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;■ reviews
and discusses with management and the independent auditor the Company's significant financial risk exposures and the steps management
has taken to monitor and manage such exposure, including the Company's risk assessment and risk management policies and oversight
for matters related to cybersecurity risk.

The Audit Committee receives updates from the auditor and management at its quarterly Audit Committee meetings. During fiscal 2026, the auditor and management made presentations to the Committee on specific topics of interest, including:

&nbsp;&nbsp;&nbsp;&nbsp;■ the
auditor's assessment of its independence;

&nbsp;&nbsp;&nbsp;&nbsp;■ significant
audit matters;

&nbsp;&nbsp;&nbsp;&nbsp;■ management's
implementation of new accounting standards;

&nbsp;&nbsp;&nbsp;&nbsp;■ management's
critical accounting policies and practices;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
auditor's fiscal 2026 integrated audit plan and updates on the completion of the plan;

&nbsp;&nbsp;&nbsp;&nbsp;■ regulatory
developments on the environmental, corporate social responsibility and governance front;

&nbsp;&nbsp;&nbsp;&nbsp;■ compliance
with the internal controls required under Section 404 of the Sarbanes-Oxley Act; and

&nbsp;&nbsp;&nbsp;&nbsp;■ regulatory
developments in cyber security and the Company's cybersecurity practices.

The Board of Directors has adopted a written charter for the Audit Committee which is reviewed and reassessed for adequacy by the Committee annually, a current copy of which is available on the Company's website at investors.hookerfurnishings.com. The Board of Directors has determined that each member of the Audit Committee is independent as defined by applicable SEC rules and NASDAQ listing standards. The Company's Board of Directors has determined that Ms. Duey and each of Messrs. Henson and Beeler is an "audit committee financial expert" for purposes of the SEC's rules. The Report of the Audit Committee can be found on page 16.

Appointment and Evaluation of the Independent Auditor

On an annual basis, the Audit Committee reviews the audit firm's performance as part of its consideration of whether to reappoint the firm as the Company's independent auditor. As part of this review, the Audit Committee considers, among other things:

&nbsp;&nbsp;&nbsp;&nbsp;■ the
continued independence of the audit firm;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
audit firm's experience and fresh perspective occasioned by mandatory audit partner rotation and the rotation of other audit management;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
length of time the audit firm has served as the Company's independent auditors, including the benefits of having a long-tenured
auditor and controls and processes that help safeguard the audit firm's independence;

&nbsp;&nbsp;&nbsp;&nbsp;■ whether
the audit firm should be rotated and considers the advisability and potential of selecting a different audit firm;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
appropriateness of the audit firm's fees;

&nbsp;&nbsp;&nbsp;&nbsp;■ evaluations
of the audit firm by management;

&nbsp;&nbsp;&nbsp;&nbsp;■ the audit firm's effectiveness of communications and working
relationships with the Audit Committee and management; and

&nbsp;&nbsp;&nbsp;&nbsp;■ the
quality and depth of the audit firm and the audit team's expertise and experience in the Company's industry and related industries
considering the breadth, complexity and global reach of the Company's business.

Related Party Transactions

The Company's Audit Committee is responsible under its charter for reviewing and approving any related party transactions. For this purpose, a "related party transaction" includes any transaction, arrangement or relationship involving the Company in which an executive officer, director, director nominee or 5% shareholder of the Company, or their immediate family members, has a direct or indirect material interest that would be required to be disclosed in the Company's proxy statement under applicable rules of the SEC. There were no related party transactions in fiscal 2026.

For relationships or transactions involving a related-party which involve an officer or director, the proposed relationship or transaction must be (i) reported to the Chair of the Audit Committee, if a director or senior Company officer (including the named executive officers) is involved, (ii) reported to the Chief Financial Officer or the Chief Executive Officer, for transactions involving other officers of the Company, and (iii) reviewed and approved by the Audit Committee. While the Company does not have a standalone written policy or procedure for the review, approval, or ratification of other transactions with related persons, it is the Company's practice that potential related person transactions are first screened by the Chief Financial Officer and then sent to the Audit Committee for review. In determining whether to approve or reject a related person transaction, the Audit Committee considers, among other factors it deems appropriate, whether the proposed transaction is on terms no less favorable than terms generally available to an unaffiliated third party under the same or similar circumstances, as well as the extent of the related person's economic interest in the transaction.

**Code of Business Conduct and Ethics**

The Board of Directors has adopted a Code of Business Conduct and Ethics, which applies to all of the Company's employees and directors, including the principal executive officer, principal financial officer and principal accounting officer. A copy of the Code of Business Conduct and Ethics is available on the Company's website at investors.hookerfurnishings.com. Amendments of and waivers from the Company's Code of Business Conduct and Ethics will be posted to the website when permitted by applicable SEC and NASDAQ rules and regulations.

**Insider Trading Policy**

The Company has adopted an insider trading policy that governs the purchase, sale, and/or other transactions of our securities by our directors, officers and employees. A copy of our insider trading policy is incorporated by reference as Exhibit 19.1 to the Annual Report on Form 10-K for the fiscal year ended February 1, 2026. In addition, with regard to the Company's trading in its own securities, it is the Company's policy to comply with the federal securities laws and the applicable exchange listing requirements.

**The Role of the Board of Directors in Risk Oversight**

The Board of Directors, or an appropriate committee thereof, provides oversight for Company-wide risk management and fulfills this oversight responsibility in various ways, including through the review of:

&nbsp;&nbsp;&nbsp;&nbsp;■ and
approving the Company's annual operating and capital budgets;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Company's quarterly and year-to-date operating results and discussing those results with senior management;

&nbsp;&nbsp;&nbsp;&nbsp;■ management's
quarterly Enterprise Risk Management reports;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Company's practice for assessing, identifying and managing material risks from cybersecurity threats;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Company's environmental, corporate social responsibility and governance practices;

&nbsp;&nbsp;&nbsp;&nbsp;■ management
reports regarding the Company's internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;■ reports
regarding the Company's internal control over financial reporting from its independent registered public accounting firm.

The Audit Committee meets in executive session with the Company's independent auditors to discuss topics related to the Company's financial reporting and internal control. Additionally, the Nominating and Corporate Governance Committee and the Compensation Committee meet periodically to address governance and compensation issues, including compensation-related risks. The committees have the authority to utilize outside advisers and experts when needed. The Board committees, consisting entirely of independent members, also engage in discussions regarding risk management in executive session, without the participation of the Chief Executive Officer.

**Director Share Ownership Guidelines**

In a prior year, the Board adopted a policy under which non-employee directors are required to hold shares with a value equal to three times their annual cash compensation. Each director is allowed six years to accumulate the required holding level. Each director that has been a director at least six years as of the end of the Company's most recently completed fiscal year met these guidelines as of such date.

**Director Compensation** 

The Compensation Committee is responsible for recommending director compensation to the Board of Directors. Non-employee directors are compensated based on their term of service, which typically begins with the election of directors at the Company's Annual Meeting, and which is referred to as a "service year."

In fiscal 2022, the Compensation Committee retained Pearl Meyer to review the Company's compensation structure and positioning relative to the 16-company peer group developed in February 2022 for the executive total renumeration review, with a secondary review against All-Industry benchmarks. The Compensation Committee recommended the non-employee directors' compensation components remain unchanged for the 2025-2026 service year.

Non-Employee Director Compensation for the 2025-2026 Service Year

For the 2025-2026 service year, non-employee directors received an annual board cash retainer of $55,000, the Board Chair received an additional cash stipend of $30,000, the Audit Committee Chair received an additional cash stipend of $15,000 and the Chairs of the Compensation and Nominating and Corporate Governance committees received additional cash stipends of $10,000 each. These fees were paid to directors in June 2025.

For the 2025-2026 service year, all non-employee directors also received annual grants of restricted stock under the Company's 2024 Stock Incentive Plan. Each non-employee director received a $70,000 stock grant. The restricted stock awards were determined by dividing $70,000 by the fair market value (as defined in the 2024 Stock Incentive Plan) of the Company's Common Stock three business days after the award date and rounding to the nearest whole share. The restricted stock will become fully vested, and the restrictions applicable to the restricted stock will lapse, on:

&nbsp;&nbsp;&nbsp;&nbsp;■ the
next annual meeting date after the grant date if the non-employee director remains on the Board to that date; or

&nbsp;&nbsp;&nbsp;&nbsp;■ if
earlier, when the director dies or is disabled or a change in control of the Company.

Under the terms of the 2024 Stock Incentive Plan, as amended, directors may defer receipt of their annual restricted stock award beyond the vesting date (generally the next annual meeting date following the grant date) to a specified date in the future, attainment of a specified age, or to the director's termination of service as a director with the Company. Any such restricted stock award that is deferred will ultimately be delivered in shares of the Company's Common Stock shortly after the deferral date. During the deferral period, the Company's commitment to the director to deliver the shares remains an unsecured liability of the Company.

The Company's anti-hedging policy applies to persons it has deemed to be "key insiders." Key insiders include the Company's directors, its executive officers and other persons who, in the normal course of their duties, receive Company-wide business and financial information before public release. The policy prohibits key insiders from engaging in certain forms of hedging or monetization transactions, specifically prohibiting zero-cost collars and forward stock sales, with respect to the Company's Common Stock. In addition to its anti-hedging provision, the Company's Insider Trading Policy prohibits key insiders, employees, officers, directors or certain of their family members from engaging in certain types of other transactions related to the Company's Common Stock, including transactions in derivative securities, using margin accounts, and pledging shares as collateral.

Directors are reimbursed for reasonable expenses incurred in connection with attending Board and committee meetings or performing their duties as directors, as well as Board-related professional education. Mr. Hoff, who serves as CEO, received no additional compensation for his role as a director. Mr. Hoff's compensation for services rendered to the Company in his officer capacities is reported in the Summary Compensation Table following the Compensation Discussion and Analysis on page 30.

The following table sets forth non-employee director compensation paid in fiscal year 2026 for the calendar 2025-2026 Board service year.

**Non-Employee Director Compensation**

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Cash Fees <br> (1)** | **Stock <br> Awards (2)(3)** | **Total** |
| W. Christopher Beeler, Jr. | 85000 | 70000 | 155000 |
| Maria C. Duey | 65000 | 70000 | 135000 |
| Paulette Garafalo | 55000 | 70000 | 125000 |
| Christopher L. Henson | 70000 | 70000 | 140000 |
| Paul A. Huckfeldt | 55000 | 70000 | 125000 |
| Tonya H. Jackson | 65000 | 70000 | 135000 |
| Ellen C. Taaffe | 55000 | 70000 | 125000 |

---

(1) Includes
annual retainer fee, committee chair fees and board chair fee paid to each director in June 2025.

(2) These
amounts are the aggregate grant date fair value of shares of restricted stock awarded to each non-employee director on June 6, 2025 under
the Company's 2024 Stock Incentive Plan. Fair value is determined in accordance with Financial Accounting Standards Board ("FASB")
Accounting Standards Codification ("ASC") Topic 718. The amounts shown exclude the impact of estimated forfeitures related
to service-based vesting conditions. For a discussion of assumptions used in calculating award values, refer to note 14 of the Company's
consolidated financial statements included in the Company's 2026 Annual Report on Form 10-K.

(3) As
of February 1, 2026, each non-employee director had the following unvested stock awards outstanding.

---

| | | |
|:---|:---|:---|
| **Name** | **Restricted<br> Stock <br> (#)** | **Restricted<br> Stock <br> (#)** |
| W. Christopher Beeler, Jr. |  | 6364 |
| Maria C. Duey |  | 6364 |
| Paulette Garafalo |  | 6364 |
| Christopher L. Henson |  | 6364 |
| Paul A. Huckfeldt |  | 6364 |
| Tonya H. Jackson |  | 6364 |
| Ellen C. Taaffe |  | 6364 |

---

**REPORT OF THE AUDIT COMMITTEE**

The Audit Committee oversees the Company's financial reporting process on behalf of the Board of Directors. Management has the primary responsibility for the Company's financial statements and the reporting process, including internal control over financial reporting. In fulfilling its oversight responsibilities, the Committee reviewed and discussed the audited financial statements for the fiscal year ended February 1, 2026 with management, including a discussion of the quality and acceptability of accounting principles, the reasonableness of significant judgments, and the clarity of disclosures in the financial statements.

The Committee discussed with the Company's independent registered public accounting firm, who is responsible for expressing an opinion on conformity of those audited financial statements with U.S. generally accepted accounting principles, the firm's judgment as to the quality and acceptability of the Company's accounting principles and such other matters as are required to be discussed with the independent registered public accounting firm under the standards of the Public Company Accounting Oversight Board. In addition, the Committee has received the written disclosures and letter from the independent registered public accounting firm to the Committee required by Public Company Accounting Oversight Board Auditing Standard 16 regarding the independent registered accounting firm's communications with the Audit Committee concerning independence and has discussed with the independent registered accounting firm its independence from the Company. The Committee has also considered whether the non-audit-related services provided by the independent registered public accounting firm are compatible with maintaining the firm's independence and found them to be acceptable.

The Committee met with the Company's independent registered public accounting firm, with and without management present, and discussed the overall scope and results of their audits, their evaluation of the Company's internal control over financial reporting and the overall quality of the Company's financial reporting.

In reliance on the reviews and discussions referred to above, the Committee recommended to the Board of Directors that the audited financial statements be included in the Company's Annual Report on Form 10-K for the fiscal year ended February 1, 2026 for filing with the SEC.

---

| |
|:---|
| Christopher L. Henson, Chair |
| W. Christopher Beeler, Jr. |
| Maria C. Duey |
| Paulette Garafalo |
| Tonya H. Jackson |
| Ellen C. Taaffe |

---

**REPORT OF THE COMPENSATION COMMITTEE**

The Committee has reviewed, and discussed with management, the Compensation Discussion and Analysis that appears below. Based on that review, and the Committee's discussions with management, the Committee recommended to the Board of Directors that the Compensation Discussion and Analysis be included in this proxy statement.

---

| |
|:---|
| Maria C. Duey, Chair |
| W. Christopher Beeler, Jr. |
| Paulette Garafalo |
| Christopher L. Henson |
| Tonya H. Jackson |
| Ellen C. Taaffe |

---

**Compensation Committee Interlocks and Insider Participation**

The Compensation Committee is comprised entirely of independent directors and none of the executive officers served on the compensation committee or board of any company that employed any member of the Compensation Committee or the Board of Directors as an executive officer.

**Compensation Risk Assessment**

As part of its oversight responsibilities, the Compensation Committee, with assistance from management, annually reviews the Company's compensation policies and practices for all employees to determine whether they are reasonably likely to present a material adverse risk to the Company. Their review includes, among other things, a consideration of the incentives that the Company's compensation policies and practices create and factors that may affect the likelihood of excessive risk taking. Based on its most recent review, the Committee concluded that the Company's employee compensation policies and practices are not reasonably likely to have a material adverse effect on the Company. For additional information concerning this review, see Management of Executive Compensation-Related Risk on page 28.

**COMPENSATION DISCUSSION AND ANALYSIS**

**EXECUTIVE COMPENSATION**

**Executive Summary**

The Compensation Committee of the Board oversees the Company's executive compensation program. More information concerning the composition of the Committee and its authority and responsibilities can be found under Compensation Committee on page 10. The Company's compensation program is designed to attract and retain highly qualified executives, to maintain a stable executive management team, and to reward those senior leaders who contribute significantly to the Company's continued financial growth and profitability in the face of rapidly changing market and global economic forces affecting the Company's business.

The Compensation Discussion and Analysis discusses the compensation program and the compensation decisions made for fiscal 2026 (which ended February 1, 2026) with respect to the following named executive officers. These officers were the only individuals who served as executive officers of the Company during fiscal 2026.

---

| | |
|:---|:---|
| **Name** | **Title** |
| Jeremy R. Hoff | Chief Executive Officer and Director |
| C. Earl Armstrong III | Chief Financial Officer and Senior Vice-President - Finance |
| Anne J. Smith (1) | Former Chief Administrative Officer |

---

(1) Ms.
Smith separated from the Company on October 31, 2025.

***Fiscal Year 2026 Financial Results***

 ****

During fiscal 2026, we continued to operate in a challenging macroeconomic environment, including a slow housing market, soft demand for home furnishings, reduced consumer discretionary spending, and the impact of tariffs. In response, we focused on initiatives within our control, including the completion of a multi-phase cost reduction program, the divestiture of certain underperforming businesses, the launch of the Margaritaville licensed collection at the fall High Point Market, and the opening of a new Vietnam fulfillment warehouse, representing a shift in our warehousing strategy. We continued to focus on improving operating performance within our core Hooker Branded and Domestic Upholstery segments, with the Hooker Branded segment reporting operating income of $1.9 million compared to an operating loss in the prior year, and, the Domestic Upholstery segment reporting an operating loss of $16.9 million, driven by $15.0 million non-cash impairment charges, compared to an operating loss of $5.4 million in the prior year.

Consolidated net sales totaled $278.1 million for fiscal 2026, a decrease of $39.2 million, or 12.4%, compared to the prior fiscal year. The decrease was primarily attributable to the former Home Meridian segment's hospitality business, which has been reclassified within All Other, due to the project-based nature of that business. Net sales in the Hooker Branded and Domestic Upholstery segments decreased modestly by 2.9% and 2.7%, respectively, partially due to the current fiscal year containing one fewer week than the prior year. Gross margin improved in both segments, and selling and administrative expenses decreased, due in part to cost reduction initiatives. The Company reported a consolidated operating loss of $16.5 million, primarily driven by $15.6 million of non-cash intangible asset impairment charges triggered by our stock price during the year, as well as operating losses within All Other due to lower sales volumes. Consolidated net loss was $12.8 million, or ($1.20) per diluted share.

Despite the operating and net losses, we maintained liquidity and financial flexibility. We reduced the outstanding principal balance of our term loan during the year to $3.6 million at fiscal year-end, compared to $21.7 million at the prior year-end. We also reduced our cash dividend by 50% per share, and our Board of Directors authorized a new $5 million share repurchase program as part of our capital allocation strategy. We believe these actions enhance our near-term liquidity and financial flexibility, enabling continued investment in key inventory, support for growth initiatives, and the ability to navigate ongoing macroeconomic uncertainty while maintaining a focus on long-term shareholder value.

**Executive Compensation Policies and Practices**

Our commitment to strong corporate governance practices extends to the compensation philosophy, programs, and policies established by the Compensation Committee, which include the following governance practices and policies:

---

| | | |
|:---|:---|:---|
| **What we do** | **What we do** | **What we don't do** |
| ✓ | Rigorous goal setting for annual and long-term performance-based compensation | No excessive perquisites |
| ✓ | Pay for performance | No income tax gross ups |
| ✓ | Anti-hedging/pledging policy | No discretionary bonuses |
| ✓ | Claw-back policy | No adjustments to pre-established bonus targets after Board approval |
| ✓ | Assessment of compensation risk annually | Time the disclosure of material nonpublic information to affect the value of equity award grants |
| ✓ | Engagement with shareholders | Dilute shareholder value by issuing excessive equity awards |
| ✓ | Executive Stock Ownership Guidelines | No evergreen provision in our equity plan |
| ✓ | Multi-year vesting requirements for equity compensation awards |  |
| ✓ | Provide 100% of long-term incentives in the form of equity |  |
| ✓ | Maintain a fully independent Compensation Committee |  |
| ✓ | Formal policy for equity award timing |  |
| ✓ | Retain an independent compensation consultant |  |

---

***Compensation Philosophy of the Company***

The Company's compensation philosophy is guided by the following objectives:

● Attract and retain highly qualified executives who will contribute significantly to the success and financial growth of the Company and enhance value for shareholders;

● Motivate and appropriately reward executives when they achieve the Company's financial and business goals and meet their individual performance objectives; and

● Maintain a stable executive management team to ensure the Company's profitability objectives adapt to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o changing
consumer preferences;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o evolving
sourcing and distribution options; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o broader
market factors such as the overall performance of the U.S. economy and the relative strength of housing and home furnishings related
activity.

***Compensation Program***

 ****

The Company's executive compensation program employs several elements of compensation to achieve the objectives of its compensation philosophy. The primary elements of the program are base salary, an annual cash incentive, long-term incentives and supplemental retirement and life insurance benefits. As discussed on page 27, most of these elements are incorporated into the employment agreements the Company entered into with its named executive officers. These elements are structured to compensate executives over separate timeframes:

&nbsp;&nbsp;&nbsp;&nbsp;■ **Base salary**. Base salaries are typically set for each calendar year and the annual cash incentive is set for each fiscal year. The Compensation
Committee sets base salaries for each executive position based on a number of factors, including competitive market data, executive responsibilities,
individual performance and the Committee members' business judgment.

&nbsp;&nbsp;&nbsp;&nbsp;■ **Short-term incentives.** The annual cash incentive is determined based on the Company's financial performance during the current fiscal
year. The Compensation Committee sets potential annual cash incentive amounts for each executive position based on a number of factors,
including competitive market data, executive responsibilities, individual performance and the Committee members' business judgment.

&nbsp;&nbsp;&nbsp;&nbsp;■ **Longer-term compensation.** Long-term incentives are designed to reward executives if the Company achieves specific performance goals or growth
in shareholder value over multi-year periods. The amounts payable to executives under performance incentives vary based on the extent
to which the specified goals are achieved or surpassed. In general, the Company grants long-term incentives in the form of performance
stock units or "PSUs" (delivered solely in shares) and restricted stock units. These awards are discussed in greater detail
below, beginning on page 25.

&nbsp;&nbsp;&nbsp;&nbsp;■ **Full career and time-specific compensation.** Supplemental retirement benefits are linked to certain executives' continued employment
with the Company to a specified age. Employment agreements and time-based restricted stock units are designed primarily to retain the
covered executives for a minimum defined period.

The Committee believes the objectives of the Company's executive compensation program can best be attained by structuring the program to provide compensation over these separate timeframes. For example, the Committee views annual and longer-term performance-based compensation as essential to encouraging executives to appropriately balance both the short-term and long-term interests of the Company and its shareholders. In addition, the Committee believes compensation tied to service over a full career or a specific period helps to promote executive retention and thereby allows the Company to maintain a stable management team.

 ****

**Mix of Total Compensation**. The following charts illustrate the percentage of total compensation for the CEO and the other named executive officers on average, respectively, represented by each element of compensation for the fiscal 2026.

![](img_003.jpg)

![](img_004.jpg)

Ms. Smith participates in the SRIP plan. In fiscal 2026, the change in pension value was $222,691 for Ms. Smith.

***Process for Determining Executive Compensation***

 ****

The Committee sets base salaries, determines the amount and terms of annual cash incentive opportunities, and determines long-term incentive compensation and other benefits for the Company's executive officers. The Committee follows the processes and considers the information discussed below in setting executive compensation.

Competitive Pay Data

The Compensation Committee has engaged Pearl Meyer since 2022 to review the Company's compensation structure and positioning and to update the Company's peer group. Pearl Meyer recommended this group because its members shared various financial and operational attributes with the Company, while not being limited to home furnishings companies. The peer group represents companies in related industries (e.g., office furniture, household/housewares, home building); of a similar size, with annual revenues ranging from 60% to 350% of the Company's annual revenue at the time of selection; and similar operational complexity. The Board believes these companies represent the type of companies against which the Company competes for management talent. The peer group consists of the following companies:

&nbsp;&nbsp;&nbsp;&nbsp;■ American
Woodmark Corporation

&nbsp;&nbsp;&nbsp;&nbsp;■ Bassett
Furniture Industries, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Cavco
Industries, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Culp,
Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Dixie
Group, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Ethan
Allen Interiors, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Flexsteel
Industries, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Hamilton
Beach Brands Holding Company

&nbsp;&nbsp;&nbsp;&nbsp;■ Haverty
Furniture Companies, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Kirkland's,
Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ La-Z-Boy,
Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Lifetime
Brands, Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ Lovesac
Company

&nbsp;&nbsp;&nbsp;&nbsp;■ Nautilus,
Inc.

&nbsp;&nbsp;&nbsp;&nbsp;■ PGT
Innovations, Inc.

The Compensation Committee has used this peer group as one of several factors in making compensation decisions and to establish a baseline from which to set executive compensation. The Committee compared total compensation as well as the individual compensation elements for each executive officer to the peer group in fiscal 2026. The Committee will refresh the peer group and compensation study in the future, as needed. The Committee does not tie compensation for its executive officers to any particular level or target based on this comparable compensation data. Instead, the Committee considers this pay comparability data as one of many factors when determining the appropriateness of individual elements of compensation, as well as the total compensation, payable to the Company's executive officers.

Company Performance

Each year the Committee considers which financial performance measures to use in setting annual and longer-term incentive compensation for the named executive officers. Longer-term incentives typically have been linked to the achievement of a different set of performance measures than for annual incentives, such as earnings per share (EPS) for performance grants. Similar to fiscal 2025, the Committee elected to use the Company's absolute EPS compound annual growth and relative total shareholder return measured against the Company's compensation peer group as the vesting conditions for the performance grants awarded in fiscal 2026. The Committee believes these performance measures (i) better aligns the interests of plan participants with those of shareholders, (ii) provides a straightforward, readily accessible calculation, and (iii) ensures a more meaningful comparison against our peer group members.

The Committee generally selects performance measures for annual incentive compensation that correspond to financial measures used by management in making day-to-day operating decisions and in setting strategic goals. In addition, these types of measures are used by the Board in evaluating Company performance. The Committee generally consults with the Chief Executive Officer and other senior executives before setting performance levels for annual and longer-term incentive compensation. The input provided by management is one of many factors the Committee considers in establishing the applicable measures and performance levels for incentive compensation. The other factors the Committee considers include the annual operating budget which is approved by the Board. The Board's approval of the annual budget includes its review of industry and macroeconomic trends, industry sales growth, cost containment and expected capital expenditures.

Individual Performance

The Committee annually assesses the individual performance of each executive officer and considers it when setting a named executive officer's base salary. The Committee may elect not to increase certain executives' base salaries on an annual basis (e.g., due to modest increases in cost of living and/or to increase an emphasis on linking total compensation to performance-based incentives), instead using potential annual and longer-term incentive-based payments to compensate individual executives. The Committee reserves the right to adjust base salaries as it determines to be appropriate; however, the Committee does not have a practice of automatically providing for annual increases in base salaries and therefore a decision not to increase an executive's base salary is not based on an assessment of an executive's performance. Each executive's performance is measured against specific personal objectives established early in the prior year. The Chief Executive Officer's annual personal objectives are established in consultation with the Committee. Other executive officers establish their individual objectives in consultation with the Chief Executive Officer. These objectives may include both subjective and quantifiable individual and departmental performance and developmental initiatives that are within each officer's area of operation and are consistent with the Company's strategic plans.

The Committee's assessment of each named executive officer's performance with respect to these objectives is conducted primarily through conversations with the Chief Executive Officer and a review of Company performance. The Committee believes that consideration of individual performance objectives is important because it creates incentives for executive officers to make specific contributions to the Company's financial growth based on their individual areas of responsibility, and because it allows the Company to reward those specific contributions.

Allocating Between Compensation Elements

The Committee does not have a fixed standard for determining how an executive officer's total compensation is allocated among the various elements of the Company's compensation program. Instead, the Committee uses a flexible approach so that it can structure the compensation elements in a manner that will, in its judgment, best achieve the specific objectives of the Company's compensation program. However, the Committee believes that a meaningful portion of a named executive officer's compensation should be performance-based.

***Shareholder Say-on-Pay Vote***

 ****

At the 2025 Annual Meeting, shareholders had the opportunity to approve, in a non-binding advisory vote, the compensation of the Company's named executive officers. This is referred to as a "say-on-pay" proposal. Over 91% of the votes cast on the say-on-pay proposal were voted in favor of the proposal. The Committee believes this vote result reflects general approval of the Company's overall approach to structuring the Company's executive compensation program. Therefore, the Committee did not make significant changes in the structure of the Company's executive compensation program during fiscal 2026 in response to the 2025 say-on-pay vote. The Compensation Committee will continue to consider the vote results for say-on-pay proposals in future years when making compensation decisions for the Company's named executive officers.

***Executive Compensation Decisions for Fiscal Year 2026***

 ****

For the 2026 fiscal year, the primary elements of compensation for the named executive officers were:

&nbsp;&nbsp;&nbsp;&nbsp;■ base
salary (set on a calendar year basis),

&nbsp;&nbsp;&nbsp;&nbsp;■ an
annual cash incentive opportunity (based on the Company's fiscal year financial performance),

&nbsp;&nbsp;&nbsp;&nbsp;■ long-term
equity-based incentives for each named executive officer, and

&nbsp;&nbsp;&nbsp;&nbsp;■ supplemental
retirement benefits for one of the named executive officers.

The table below reflects calendar 2025 base salaries and fiscal 2026 annual incentive targets and long-term incentive award targets for the named executive officers approved by the Compensation Committee:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Executive Officer** | **Base Salary** | **Base Salary** | **Annual <br> Incentive<br> at Target** | **Annual <br> Incentive<br> at Target** | **Long-term<br> Incentive<br> at Target** | **Long-term<br> Incentive<br> at Target** |
| Jeremy R. Hoff |  | 680000 |  | 680000 |  | 1054000 |
| C. Earl Armstrong III |  | 375000 |  | 225000 |  | 300000 |
| Anne J. Smith |  | 375000 |  | 225000 |  | 225000 |

---

Base Salary

The Committee's process for setting base salary and other compensation included an annual review of individual performance and such other relevant factors as accomplishments in the executive's current role, changes in responsibilities, job performance and the Committee's assessment of the market rate for these positions. The Committee does not automatically increase base pay annually, but instead bases salary increases on the preceding factors, and did not authorize base salary increases for the named executive officers in calendar year 2025.

Annual Cash Incentive

The Committee believes it is in the best interests of the Company and its shareholders to base the annual cash incentive directly on the achievement of objective performance metrics. For fiscal 2026, the incentive was based on revenue (weighted at 30%) and operating income (weighted at 70%), which better align with the Company's business strategy, better reflect the results of management decision-making and provide a more effective tool for measuring senior management performance over the course of a fiscal year than the measures used in prior years.

Based on the Committee's decision making for the 2026 fiscal year, each named executive officer had the opportunity to earn a payment, expressed as a percentage of their calendar year 2025 base salary, if the Company achieved certain consolidated net sales and consolidated operating income targets. The award opportunities for each executive were as follows (expressed as a percentage of 2025 calendar year base salary):

---

| | | | |
|:---|:---|:---|:---|
| **Executive Officer** | **Threshold** | **Target** | **Maximum** |
| Jeremy R. Hoff | 30% | 100% | 200% |
| C. Earl Armstrong III | 18% | 60% | 120% |
| Anne J. Smith | 18% | 60% | 120% |

---

As shown in the table above, for Mr. Hoff, performance at the threshold level earns a payout of 30% of target and performance at maximum earns a payout of 200% of target. For the other named executive officers, performance at the threshold level earns a payout of 18% and performance at maximum earns a payout of 120% of their 2025 base salary.

The incentive opportunities were structured such that if consolidated net sales or operating income does not meet the target, the named executive officers would receive a reduced payment or no payment, but if consolidated net sales or operating income exceeded the target, incentive payments would increase at a rate greater than the increase in these financial metrics. This was designed to recognize exemplary consolidated net sales and operating income achievement.

Target payouts for each named executive officer were established based on a number of factors including:

&nbsp;&nbsp;&nbsp;&nbsp;■ the
executive's responsibilities and senior standing within the Company, relative to the other executives;

&nbsp;&nbsp;&nbsp;&nbsp;■ general
business knowledge and experience of the Committee's members;

&nbsp;&nbsp;&nbsp;&nbsp;■ other
general compensation information available to the Committee, such as perceived contribution to the Company's success, including
areas outside the executive's core functions; and

&nbsp;&nbsp;&nbsp;&nbsp;■ the
short-to-medium term total realizable compensation for each executive.

The bonus opportunity was capped at maximum if the Company reached 115% or more of its consolidated net sales target and 130% of its consolidated operating income target for fiscal year 2025 and in no event would an incentive payment be earned if less than 85% of the target net sales and 70% of target operating income were attained. For performance levels falling between the specified percentages, the incentive payout is interpolated between the discrete performance goals. Achieving consolidated net sales at or above 115% of target and operating income at or above 130% of target were believed to be realizable goals, but only with exceptional performance while threshold performance levels for consolidated net sales and operating income were believed to be achievable.

The net sales target for the 2026 fiscal year was set at $403.3 million and the operating income target was set at $8.8 million, both on a consolidated basis. The targets had previously been approved by the Board in consultation with management, after considering the Company's profit potential, the impact of national and international economic conditions on the Company and the home furnishings industry as a whole. Based on these factors, the Committee concluded that the targets were appropriate to motivate and appropriately reward executive officers to attain the desired level of performance for fiscal 2026.

The actual performance goals as approved by the Committee for the 2026 fiscal year are shown in in the table below:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | **Fiscal 2026 Annual Incentive Performance Goals** | **Fiscal 2026 Annual Incentive Performance Goals** | **Fiscal 2026 Annual Incentive Performance Goals** |
| <br>**Performance Measure** | **Measure**<br>**Weight** | **Threshold** | **Target** | **Maximum** |
| Consolidated Net Sales | 30% | $342.8 million | $403.3 million | $463.8 million |
| Consolidated Operating Income | 70% | $6.2 million | $8.8 million | $11.5 million |

---

The Company did not achieve the threshold level of its fiscal year 2026 consolidated net sales or operating income targets. As a result, no named executive officer received the annual cash incentive.

---

| | |
|:---|:---|
| **Executive Officer** | **Fiscal 2026<br> Annual Cash<br> Incentive<br> Earned** |
| Jeremy R. Hoff | $- |
| C. Earl Armstrong III |  |
| Anne J. Smith |  |

---

Long-Term Incentives

During fiscal 2026, consistent with the Committee's objective of giving greater weight to the performance-based element of total compensation, the Committee granted two types of long-term incentive awards, performance stock units (PSU) and time-based restricted stock units (RSU) to the named executive officers in February 2025 for the performance period beginning in fiscal year 2026 through fiscal year 2028. The awards were designed to directly link a significant portion of a named executive officer's compensation to the growth in value of the Company and to further enhance existing retention incentives under the Company's executive compensation program.

*Performance-based Restricted Stock Unit* 

 

Each PSU entitles the executive officer to receive one share of the Company's common stock based on the achievement of two specified performance targets if the executive officer remains continuously employed by the Company through the end of the three-year performance period (subject to limited exceptions). The PSUs vest based on the Company's attainment of pre-established financial goals related to the sum of two amounts, (1) the Company's absolute EPS compound annual growth and (2) the Company's relative total shareholder return measured against the Company's compensation peer group, both measured over a three-year performance period that began February 3, 2025 and ends January 30, 2028, as approved by the Committee. The payout or settlement of the PSUs shall be made in shares of the Company's common stock. Dividends declared on the shares underlying unvested PSUs accumulate in cash and are paid out only upon vesting of the applicable PSU and to the extent that the PSUs are earned on the basis of our performance. The PSUs do not convey any voting rights to the executive officer.

The Committee selected EPS and TSR as the measures for the performance targets because EPS and TSR directly reflect changes in the value of the Company over time, which the Committee believes best reflects the long-term interests of the shareholders. Using simple, well-defined performance measures for these awards reduces the risk of manipulating those measures for short-term gain and reduces the risk of unintended consequences that could result from paying bonuses based on factors which could misalign shareholder and management objectives.

The amounts set forth in the table below are based on the average annual growth of the Company's fully diluted EPS from continuing operations over the performance period. The Company's EPS growth must average at least 5% annually over the performance period for a payment to be made. There will be full interpolation for performance between the three discrete performance levels.

---

| | | | |
|:---|:---|:---|:---|
| | **Payout in Shares Based on EPS CAGR for<br> Performance Period** | **Payout in Shares Based on EPS CAGR for<br> Performance Period** | **Payout in Shares Based on EPS CAGR for<br> Performance Period** |
| | **Threshold** | **Target** | **Maximum** |
| <br>**Executive Officer** | **5%** | **10%** | **25%** |
| Jeremy R. Hoff | 6057 | 20192 | 40383 |
| C. Earl Armstrong III | 1724 | 5747 | 11494 |
| Anne J. Smith | 1293 | 4311 | 8621 |

---

For the portion of the long-term incentives tied to Total Shareholder Return, the shares set forth in the table below may be earned based on the Company's Total Shareholder Return over the performance period relative to the Company's compensation peer group. "Total Shareholder Return" shall be measured by the average price for the twenty trading days prior to the start of the performance period versus the average price for the last twenty trading days of the performance period.

---

| | | | |
|:---|:---|:---|:---|
| | **Payout in Shares Based on Relative TSR Growth for<br> Performance Period** | **Payout in Shares Based on Relative TSR Growth for<br> Performance Period** | **Payout in Shares Based on Relative TSR Growth for<br> Performance Period** |
| | **Threshold** | **Target** | **Maximum** |
| <br>**Executive Officer** | **25th <br> Percentile** | **50th <br> Percentile** | **75%<br> Percentile** |
| Jeremy R. Hoff | 6057 | 20192 | 40383 |
| C. Earl Armstrong III | 1724 | 5747 | 11494 |
| Anne J. Smith | 1293 | 4311 | 8621 |

---

The shares that may be earned are contingent on the achievement based on relative performance using the performance requirements as outlined in the following table:

---

| | | | |
|:---|:---|:---|:---|
|  | **3-year Total Shareholder Return <br> Performance Requirements** | **3-year Total Shareholder Return <br> Performance Requirements** | **3-year Total Shareholder Return <br> Performance Requirements** |
|  | **Threshold** | **Target** | **Maximum** |
| 3-Year Relative TSR Performance Requirements | 25<sup>th</sup> Percentile | 50<sup>th</sup> Percentile | 75<sup>th</sup> Percentile |
| Payout (% of target) | 30% | 100% | 200% |

---

Additionally, payouts are capped at 100% of target for any 3-year Total Shareholder Return cycle in which the Company's TSR is negative. There will be full interpolation for performance between the three discrete performance levels.

*Restricted Stock Units* 

 

The Committee also awarded to each named executive officer RSUs, one-third of which will vest on each of February 20, 2026, February 20, 2027 and February 20, 2028, subject to the named executive officer's continuous employment with the Company through the applicable vesting date (except in limited circumstances). The vested RSUs may be paid in shares of Company stock, cash or a combination of both, as determined by the Committee in its discretion. They are designed to encourage retention and to provide an incentive for increasing shareholder value. Dividends declared on the shares underlying unvested RSU awards accumulate in cash and are paid out only upon vesting of the applicable RSUs. The number of RSUs awarded to each executive officer is set forth in the table below:

---

| | | |
|:---|:---|:---|
| **Executive Officer** | **Number of<br> RSUs** | **Number of<br> RSUs** |
| Jeremy R. Hoff |  | 40383 |
| C. Earl Armstrong III |  | 11494 |
| Anne J. Smith |  | 8621 |

---

Supplemental Retirement Benefits

Prior to her separation from the Company on October 31, 2025, Ms. Smith actively participated in the Company's Supplemental Retirement Income Plan ("SRIP"). The SRIP is a non-qualified, unfunded supplemental retirement plan that provides a monthly benefit equal to a specified percentage of the participant's average base salary plus annual bonus for the 60-consecutive month period preceding their termination of employment (referred to as their "Final Average Earnings"). Participants are each eligible to receive a monthly benefit equal to 25% of their Final Average Earnings. For all executives, the benefit is paid for 15 years following the participant's retirement. As a general matter, a participant is not entitled to receive any benefit under the SRIP unless they remain continuously employed with the Company to age 60. At age 60, the participant becomes vested in 75% of their SRIP benefit and in 5% increments each following year until becoming 100% vested at age 65, assuming the participant remains continuously employed to those dates. In connection with her separation from the Company on October 31, 2025, the SRIP was amended to confirm that Ms. Smith is 95% vested in her benefit.

The objective of the SRIP is to create incentives for covered employees to remain employed with the Company over the balance of their careers, reward extended service with the Company and to balance short-term and long-term decision making, thereby enhancing the stability of the management team and allowing for predictability in succession planning. In addition, the Committee has determined that the SRIP helps mitigate compensation-related risk as discussed on page 28.

Messrs. Hoff and Armstrong do not participate in the SRIP. They have been provided with other retention incentives under their employment agreements tailored to their specific employment circumstances.

Employment Agreements and Other Employment Terms

On February 20, 2025, the Company entered into new employment agreements with Messrs. Hoff and Armstrong and Ms. Smith, each of which provides for an indefinite term and sets forth the executive's annual base salary subject to future adjustment to ensure consistency with the range of salaries for officers at other companies with similar responsibilities. The agreements also set forth each executive's short-term incentive target opportunity, expressed as a percentage of annual base salary, as well as each executive's long-term incentive target opportunity, also expressed as a percentage of annual base salary. The short-term and long-term incentive programs in which these executives currently participate are further described beginning on pages 23 and 25. The agreements further provide that each executive is eligible to participate in any other benefit program offered or generally made available by the Company for its management employees.

The terms of each of the employment agreements covering these named executive officers also include covenants relating to confidentiality, non-disclosure of work-related intellectual property, non-competition and non-solicitation of customers. Under the non-compete provision, each executive covenants that they will not compete with the Company for a period of eighteen (18) months (for Mr. Hoff; 12 months for Mr. Armstrong and Ms. Smith) post-termination of employment in a position with duties substantially similar to their duties with the Company within the last twelve months within the United States. Similarly, each executive agrees that for a period of eighteen (18) months (for Mr. Hoff; 12 months for Mr. Armstrong and Ms. Smith) post-termination of employment, they will not solicit for the benefit of a business in competition with the Company, any customer, employee or independent contractor, who was a customer, employee or independent contractor of the Company within the twelve months preceding the executive's termination of employment.

For additional discussion regarding the potential payments under these employment agreements in connection with a termination of employment, see *Hoff, Armstrong and Smith Employment Agreements* under *Potential Payments upon Termination or Change in Control* which begins on page 40.

Other Benefits

The Company maintains a tax-qualified 401(k) savings plan for all its eligible employees, including the named executive officers. The plan provides for Company matching contributions, which are fully vested after two years of continuous service. The Company's other benefit plans include health care, dental and vision insurance, group life insurance and disability insurance. The named executive officers participate in these plans on the same basis as other eligible employees.

*Tax and Accounting Implications of Executive Compensation*

 

The Compensation Committee believes that shareholder interests are best served if their discretion and flexibility in awarding compensation is not restricted, even though some compensation awards may result in non-deductible compensation expenses. However, the Compensation Committee does not anticipate a shift away from variable or performance-based compensation payable to the executive officers in the future, nor does it anticipate applying less rigor in the process by which the Committee establishes performance goals or evaluates performance against such pre-established goals, with respect to compensation paid to the NEOs. In addition, accounting considerations are one of many factors that the Compensation Committee considers in determining compensation mix and amount.

*Incentive Compensation Recoupment Policy*

 

The Board of Directors previously adopted a "clawback" policy called the Incentive Compensation Recoupment Policy, in which the Board has the authority to pursue recovery of incentive compensation in the event of:

● an accounting restatement;

● a material error in a compensation measure; or

● fraudulent or intentional misconduct.

This policy does not limit the legal remedies the Company may seek against any employee for fraudulent or illegal activity. Further, this policy was not adopted in response to any particular concerns, but rather to align the Company's compensation practices with the best observed practices. During fiscal 2024, the Compensation Committee and the Company reviewed and updated this policy to ensure compliance with the final SEC rules under Section 954 of the Dodd-Frank Act. In accordance with the final SEC rules and applicable exchange listing standards, the updated policy applies to all incentive-based compensation received by our executive officers after the effective date of the updated policy. Specifically, in the event of a triggering accounting restatement, the Compensation Committee is tasked with recovering in a reasonably prompt timeframe all incentive-based compensation received by a covered executive officer during the applicable recovery period in excess of the compensation that would have been received had the compensation been determined using the restated amounts.

*Management of Executive Compensation-Related Risk* 

 

The Company's executive compensation program is designed to create incentives for its executives to achieve its annual and longer-term business objectives. The Committee considers how the individual elements of executive compensation, and the executive compensation program as a whole, could potentially encourage executives, either individually or as a group, to make excessively risky business decisions at the expense of long-term shareholder value. To address this potential risk, the Committee annually reviews the risk characteristics of the Company's executive compensation programs generally and considers methods for mitigating such risk. The Committee considers the following characteristics of the Company's executive compensation program as factors that help mitigate such risk:

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Committee has authority under the Company's Incentive Compensation Recoupment, or "clawback", policy described above;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
Committee has the unlimited authority to reduce long-term performance grant awards or pay no award at all;

&nbsp;&nbsp;&nbsp;&nbsp;■ long-term
performance grants are mostly performance-based, which aligns compensation with the interests of the shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;■ overall
compensation is balanced between fixed and variable pay, and variable pay is linked to annual performance and performance over multi-year
periods using objective criteria;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
fixed compensation provided under the SRIP to certain executive officers helps avoid the potential for excess leverage and allows for
longer service conditions than typical variable pay arrangements, thereby enhancing retention and management continuity;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
service-based vesting of restricted stock units promotes long-term retention, helps to mitigate inappropriate short-term risk taking
and helps to align management and shareholder interests;

&nbsp;&nbsp;&nbsp;&nbsp;■ profitability
goals, which serve as inputs for variable annual cash incentive compensation and long-term performance grants, are approved by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
long-term performance grants are based on cumulative EPS and relative TSR growth over multi-year periods, which helps reduce the potential
for short-term focus at the expense of longer-term growth;

&nbsp;&nbsp;&nbsp;&nbsp;■ a
consistent compensation philosophy has been applied year-over-year and does not change significantly with short-term changes in business
conditions;

&nbsp;&nbsp;&nbsp;&nbsp;■ open
dialogue among management, the Committee and the Board regarding executive compensation policies and practices and the appropriate incentives
to use in achieving short-term and long-term performance targets; and

&nbsp;&nbsp;&nbsp;&nbsp;■ other
general risk mitigating factors, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ quarterly
reviews of the Company's results of operations and financial condition;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ quarterly
review of management's Enterprise Risk Management report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ annual
review of management's compensation risk assessment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ executive
sessions at all committee meetings, including executive session with the Company's independent auditor; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;■ a
fairly flat organizational structure, which promotes knowledge sharing and risk awareness by members of senior management.

 

*Other Policies and Practices*

 

*Cash Incentives*. The Committee has adopted certain guidelines for administering annual cash incentive compensation. Generally, an executive must remain employed to the last day of a fiscal year to be eligible to receive an annual cash incentive payment for that fiscal year. However, executives who terminate employment during the last quarter of a fiscal year due to death or disability, or who retire after they have attained age 55 and completed 10 years of service, are entitled to receive the same payment that they would have received had they remained employed to the end of the fiscal year. Executives who meet either of these requirements and who terminate employment in the second or third quarter of a fiscal year are entitled to receive 50% or 75%, respectively, of the payment they would have received had they remained employed to the end of the fiscal year. The guidelines establish procedures for the Committee to review and approve annual cash incentive determinations after the Chief Executive Officer and Chief Financial Officer confirm whether the performance conditions for the fiscal year have been achieved and whether any other applicable conditions have been met for that fiscal year.

 

 

*Stock Ownership Guidelines*. The Committee adopted stock ownership requirements in April 2019 such that the CEO is required to hold at least three-times his base salary in Company stock and each other executive officer is required to hold two-times their base salary, as measured by the Company's closing stock price as of the end of the most recently completed fiscal year. If an executive officer does not meet such requirements, but has not sold more that 20% of the shares earned through equity awards from the Company (except for shares withheld due to the payment of taxes for such earned grants), such executive officer will also be deemed to meet the guidelines. Each executive officer is allowed six years from the later of the date of the adoption of these requirements or the date he or she became CEO or an executive officer, as the case may be, to accumulate the required number of shares. Mr. Hoff has not sold any shares earned through equity awards from the Company (except for shares withheld due to the payment of taxes for such earned grants), so he is deemed to meet the guidelines. Mr. Armstrong became an executive officer in February 2025 so these guidelines are not currently applicable to him.

 

*Hedging Policy*. Executive officers, along with directors and certain other "key insiders," are prohibited from engaging in certain types of transactions related to the Common Stock of the Company, including zero-cost collars and forward stock sales, as well as transactions in derivative securities, using margin accounts and pledging shares as collateral. See the discussion on page 15 for additional details regarding prohibited transactions.

 

*Timing of Equity Award Grants*. The Company maintains an equity award grant policy, approved by the Committee, governing the timing of equity award grants. The Committee and management do not take material nonpublic information into account when determining the timing or terms of equity awards, and do not time the disclosure of material nonpublic information for the purpose of affecting the value of equity awards. The Company's executive compensation program does not currently include grants of stock options, stock appreciation rights or similar option-like instruments and none are outstanding.

**Summary Compensation Table**

The following table sets forth the compensation for services in all capacities to the Company for the three most recent fiscal years of the persons who were the Company's named executive officers that year.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Name and Principal Position**  | **Year** | **Salary (1)<br> ($)** | **Stock<br> Awards (2)($)** | **Change in Pension Value and Nonqualified Deferred Compensation Earnings (3)($)** | **All Other Compensation (4)<br> ($)** | **Total**<br> **($)** |
| &nbsp;&nbsp;Jeremy R. Hoff<br> Chief Executive Officer and Director | 2026<br> 2025<br> 2024 | $680000<br> 680000<br> 600000 | $1162088<br> 930648<br> 600000 | --<br> --<br> -- | $14789<br> 14006<br> 15181 | $1856877<br> 1624654<br> 1215181 |
| &nbsp;&nbsp;&nbsp;&nbsp;C. Earl Armstrong III<br> Chief Financial Officer and SVP-Finance | 2026 | $375000 | $330765 |  | $14889 | $720654 |
| Anne J. Smith<br> Chief Administrative Officer | 2026<br> 2025<br> 2024<br>| $293510<br> 375000<br> 330000<br>| $248074<br> 198673<br> 198000<br>| $222691<br> 61810<br> 54633<br>| $387119<br> 14406<br> 13706<br>| $1151394<br> 649889<br> 596339<br>|

---

(1) Amounts
shown represent base salary paid during the fiscal year before any deductions into the Company's 401(k) plan. Annual base salary
adjustments generally become effective at the beginning of each calendar year and do not coincide with the beginning of a fiscal year.

(2) For
each named executive officer, this amount is the sum of the grant date fair value of (a) the restricted stock units and (b) three-year
performance grants that were awarded to the named executive officers in fiscal 2026. The value of these awards was determined in accordance
with FASB ASC Topic 718. The three-year performance grants shown were computed assuming that the probable level of performance would
be achieved (10% EPS growth and relative TSR performance in the 50<sup>th</sup> percentile for the performance period) and excluded the
impact of estimated forfeitures related to service-based vesting conditions. For more information regarding the restricted stock units
and the three-year performance grants, refer to the Grants of Plan-Based Awards table on page 35 and to the Outstanding Equity Awards
at Fiscal Year-End table on page 36. The value of the PSU awards to the named executive officers assuming the maximum level of performance
is achieved are as set forth in the table below. For more information regarding the calculation of restricted stock unit and performance
grant values, refer to note 14 of the Company's consolidated financial statements included in the Company's Annual Report
on Form 10-K for the fiscal year ended February 1, 2026 (the "2026 Form 10-K"), as filed with the SEC.

---

| | |
|:---|:---|
| **Name** | **PSU Grant Date Fair Value at Maximum Level of Performance ($)** |
| Jeremy R. Hoff | $1270175 |
| C. Earl Armstrong III | 361530 |
| Anne J. Smith | 271148 |

---

(3) This
column shows the change in the present value of Ms. Smith's accumulated benefit under the Supplemental Retirement Income Plan ("SRIP")
at the earliest full benefit retirement age. These changes in present value are not directly in relation to final payout potential and
can vary significantly year-over-year based on (i) promotions and corresponding changes in salary; (ii) other one-time adjustments to
salary or other reasons; (iii) actual age versus predicted age at retirement; (iv) the discount rate used to determine the present value
of benefits; and (v) other relevant factors. A decrease in the discount rate results in an increase in the present value of the accumulated
benefit without any increase in the benefits payable to Ms. Smith at retirement and an increase in the discount rate has the opposite
effect. The numbers reported are pension accounting values and were not realized by Ms. Smith during the relevant fiscal year. Ms. Smith
did not receive above-market or preferential earnings on compensation that was deferred on a non-tax-qualified basis. In fiscal years
2026, 2025 and 2024, the change in pension value for Ms. Smith was $222,691, $61,810 and $54,633, respectively. Messrs. Hoff and Armstrong
do not participate in the SRIP.

(4) All
Other Compensation for fiscal year 2026 includes amounts reimbursed for disability income insurance premiums and matching contributions
to the Company's 401(k) plan.

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Name** | **Disability<br> Income<br> Insurance<br> Premium<br> Reimbursement** | **401(k)<br> Match** | **Severance** | **All Other<br> Total** |
| Jeremy R. Hoff | 506 | 14283 |  | 14789 |
| C. Earl Armstrong III | 506 | 14383 |  | 14889 |
| Anne J. Smith<sup>(a)</sup> | 379 | 11740 | 375000 | 387119 |

---

(a) Ms.
Smith separated from the Company on October 31, 2025. The amount shown in the "Severance" column represents cash severance
paid to her in connection with her separation.

**Pay versus Performance**

The following table shows the past five fiscal years' total compensation for the named executive officers as set forth in the Summary Compensation Table, the total compensation actually paid ("CAP") to the named executive officers, the Company's total shareholder return ("TSR"), the peer group's total shareholder return over the same period, the Company's net income, and the Company's EPS as the company-selected performance measure.

Fiscal Year 2026 Pay versus Performance Table

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Year** | **Summary compensation table total for CEO(1)** | **Compensation actually paid to CEO(2)** | **Average summary compensation table total for other NEOs(1)** | **Average compensation actually paid to other NEOs(2)** | **Total shareholder return(3)** | **Peer group total shareholder return(3)** | **Net income** | **EPS** |
|  | ($) | ($) | ($) | ($) | ($) | ($) | ($, in thousands) | ($) |
| 2026 | 1856877 | 1623199 | 936024 | 620374 | 56.18 | 99.88 | (26967) | (2.54) |
| 2025 | 1624654 | 57920 | 705987 | 97258 | 63.19 | 109.27 | (12507) | (1.19) |
| 2024 | 1215181 | 1444583 | 567507 | 617865 | 117.75 | 102.30 | 9865 | 0.91 |
| 2023 | 1186994 | 1067309 | 538642 | 462562 | 92.52 | 95.20 | (4312) | (0.37) |
| 2022 | 798169 | 406825 | 577484 | 244027 | 90.30 | 119.43 | 11718 | 0.97 |

---

(1) The
principal executive officers and other named executive officers for fiscal years 2022 - 2026 are the following:

---

| | | |
|:---|:---|:---|
| **Year** | **CEO** | **Other NEOs** |
| 2026 | Jeremy R. Hoff | C. Earl Armstrong III, Anne J. Smith |
| 2025 | Jeremy R. Hoff | Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps |
| 2024 | Jeremy R. Hoff | Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps |
| 2023 | Jeremy R. Hoff | Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps |
| 2022 | Jeremy R. Hoff | Paul A. Huckfeldt, Anne J. Smith, Tod R. Phelps, D. Lee Boone |

---

(2) SEC
rules require certain adjustments be made to the Summary Compensation Table totals to determine compensation "actually paid"
as reported in the Pay versus Performance table. The following table details these adjustments:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| <br>**Year** | **Executives** | **Summary Compensation Table Total** | **Deduct Reported Change in Actuarial Present Value of Pension Benefits** | **Add Pension Benefit Adjustments(a)** | **Deduct Reported Value of Equity Awards** | **Add Equity Award Adjustments(b)** | **Compensation Actually Paid** |
|  |  | ($) | ($) | ($) | ($) | ($) | ($) |
| 2026 | CEO | 1856877 |  |  | (1162088) | 928410 | 1623199 |
|  | Other NEOs | 936024 | (111346) | 25507 | (289420) | 59609 | 620374 |

---

(a) SEC
rules require certain adjustments be made to pension compensation totals to determine CAP. The following table details these adjustments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Year** | **Executives** | **Service Cost (i)** | **Prior Service Cost (ii)** | **Total Pension Value Adjustment** |
|  |  | ($) | ($) | ($) |
| 2026 | CEO |  |  |  |
|  | Other NEOs | 25507 |  | 25507 |

---

(b) SEC
rules require certain adjustments be made to equity award totals to determine CAP. The following table details these adjustments:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Year** | **Executive** | **Year end fair value of equity awards granted during the year** | **Year over year change in fair value of outstanding and unvested equity awards** | **Fair value as of vesting date of equity awards granted and vested in the year** | **Year over year change in fair value of equity awards granted in prior years that vested in the year** | **Fair value at the end of the prior year of equity awards that failed to meet vesting conditions in the year** | **Value of dividends or other earnings paid on stock or option awards not otherwise reflected in fair value or total compensation** | **Total equity award adjustments** |
|  |  | ($) | ($) | ($) | ($) | ($) | ($) | ($) |
| 2026 | CEO | 1222525 | 55721 |  | (80698) | (269138) |  | 928410 |
|  | Other NEOs | 173978 | 1387 |  | (11781) | (103975) |  | 59609 |

---

(3) Total
shareholder return (TSR) is determined based on the value of an initial fixed investment of $100 at the beginning of the 2022 fiscal
year. The peer group TSR prepared by Zacks Investment Research, Inc. represents cumulative, weighted TSR of the peer group under Standard
Industrial Classification (SIC) Codes 2510 and 2511, which includes home furnishings companies that are publicly traded in the United
States or Canada. For more information regarding the peer group TSR, refer to the performance graph that is included in the 2026 Form
10-K, as filed with the SEC.

Relationship of Pay and Performance Measures

 

*CAP versus the Company's TSR and peer group's TSR*

 

 

 

*CAP versus Net Income*

 

 

*CAP versus Company-selected Measure (EPS)*

 

 

 

Company Financial Performance Measures

The items listed below represent the most important metrics used to determine CAP for fiscal year 2026 as further described in the Compensation Discussion and Analysis on page 17.

---

| |
|:---|
| **Most Important Performance Measures** |
| Consolidated net income |
| Earnings per share ("EPS") |
| Absolute EPS growth |
| Relative EPS growth |

---

**Pay Ratio Disclosure**

In accordance with Item 402(u) of Regulation S-K, promulgated by the Dodd-Frank Wall Street Reform Act and Consumer Protection Act of 2010, the Company determined the ratio of the annual total compensation of Mr. Hoff, the Chief Executive Officer and Director, relative to the annual total compensation of our median employee.

To identify the median compensated employee, the Company selected a new median employee using 2025 W-2 wages for its U.S. employees or its equivalent for non-US employees. It identified its median employee from its employee population as of February 1, 2026, the last day of its fiscal year 2026.

The Company then determined total compensation for the median employee in the same manner as the "Total Compensation" column shown for Mr. Hoff in the Summary Compensation Table on page 30. The Company determined that the 2026 fiscal year annual total compensation of the median employee was $46,979. Mr. Hoff's annual total compensation for the same period was $1,856,877 and the ratio of these amounts was 1-to-40.

As of the end of fiscal 2026, the Company's total employee population consisted of 840 employees, of which 756 were located in the United States and 84 were located in Asia.

The Company believes this pay ratio is a reasonable estimate and is calculated in a manner consistent with the SEC guidance based on the payroll and employment records and the methodology described above.

**Grants of Plan-Based Awards**

The following table sets forth information concerning individual grants of awards made under the Company's annual cash incentive plan and 2024 Stock Incentive Plan during fiscal 2026:

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | **Estimated Future Payouts Under Non-Equity<br> Incentive Plan Awards(1)** | **Estimated Future Payouts Under Non-Equity<br> Incentive Plan Awards(1)** | **Estimated Future Payouts Under Non-Equity<br> Incentive Plan Awards(1)** | **Estimated Future Payouts Under<br> Equity Incentive Plan Awards(2)** | **Estimated Future Payouts Under<br> Equity Incentive Plan Awards(2)** | **Estimated Future Payouts Under<br> Equity Incentive Plan Awards(2)** | | |  |
| <br>**Name** | <br>**Award <br> Type** | <br>**Grant<br> Date** | **Thres<br> hold ($)** | **Target<br> ($)** | **Maximum<br> ($)** | **Threshold<br> (#)** | **Target<br> (#)** | **Maximum<br> (#)** | **All Other Stock <br> Awards: Number**<br>**of Units <br> (#)(3)** | **Grant Date <br> Fair Value <br> Stock**<br>**Awards<br> ($)** |  |
| Jeremy R. Hoff | Annual Cash Incentive |  | $204000 | $680000 | $1360000 |  |  |  |  |  |  |
|  | Performance Grant | 2/20/2025 |  |  |  | 12114 | 40384 | 80766 |  | $635088 | (4) |
|  | RSU Grant | 2/20/2025 |  |  |  |  |  |  | 40383 | 527000 | (5) |
| C. Earl Armstrong III | Annual Cash Incentive |  | 67500 | 225000 | 450000 |  |  |  |  |  |  |
|  | Performance Grant | 2/20/2025 |  |  |  | 3448 | 11494 | 22988 |  | 180765 | (4) |
|  | RSU Grant | 2/20/2025 |  |  |  |  |  |  | 11494 | 150000 | (5) |
| Anne J. Smith | Annual Cash Incentive |  | 67500 | 225000 | 450000 |  |  |  |  |  |  |
|  | Performance Grant | 2/20/2025 |  |  |  | 2586 | 8622 | 17242 |  | 135574 | (4) |
|  | RSU Grant | 2/20/2025 |  |  |  |  |  |  | 8621 | 112500 | (5) |

---

(1) Represents
the estimated payouts under the annual cash incentive program for the 2026 fiscal year, as of the time those incentives were granted
to the named executive officers. For additional discussion regarding annual cash incentives and the actual amounts paid to the named
executive officers for fiscal 2026, refer to the Compensation Discussion and Analysis which begins on page 17, including Annual Cash
Incentive on page 23 and the Summary Compensation table on page 30.

(2) Represents
the estimated future payouts under the performance grants awarded to the named executive officers in fiscal 2026. For additional discussion
regarding these performance grants, refer to Compensation Discussion and Analysis, which begins on page 17, including Long-Term Performance
Incentive on page 25 and the Summary Compensation Table on page 30.

(3) This
is the number of service-based RSUs granted to the named executive officer. Each RSU entitles the named executive officer to receive
one share of the Company's common stock (or, at the discretion of the Committee, cash based on the fair market value of a share
of the Company's common stock on the date payment is made or both) if they remain continuously employed with the Company through
the end of three-year service period that ends February 20, 2028. The fiscal 2026 RSU grant vests ratably by entitling the executive
officer to receive one third of the grant if he or she remains continuously employed with the Company through the end of each service
period that ends on February 20, 2026, February 20, 2027 and February 20, 2028, respectively. In addition to the service-based vesting
requirement, 100% of an executive officer's RSUs will vest upon a change of control of the Company and a prorated number of the
RSUs will vest upon the death, disability, or retirement of the executive officer. Dividends declared on unvested RSUs accumulate in
cash and are paid out only upon vesting of the underlying shares.

(4) Represents
the three-year performance grants that were awarded to the named executive officers in fiscal 2026. The three-year performance grants
shown were computed, assuming that the probable level of performance would be achieved (10% EPS compound growth and relative TSR at the
50th percentile for the performance period) and excluded the impact of estimated forfeitures related to service-based vesting conditions.
Dividends declared on unvested PSUs accumulate in cash and are paid out only upon vesting of the underlying shares.

(5) The
fair value of each RSU is based on the market price of the Company's common stock on the grant date February 20, 2025. For more
information concerning the calculation of grant fair values, refer to note 14 of the Company's consolidated financial statements
included in the Company's 2026 Form 10-K.

**Outstanding Equity Awards at Fiscal Year-End** 

The following table sets forth information concerning outstanding equity awards, which consist of performance grants and restricted stock units, held by the named executive officers at the end of fiscal 2026. There were no stock options outstanding as of the end of fiscal 2026.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | **Stock Awards** | **Stock Awards** | **Stock Awards** | **Stock Awards** |
| <br>**Name** |<br>**Grant Date** | **Number of Shares or Units That Have Not Vested (#)(2)** | **Market Value of Shares or Units That Have Not Vested ($)(2)** | **Equity Incentive Plan Awards – Number of Unearned Shares or Units That Have Not Vested (#)(1)** | **Equity Incentive Plan Awards: Market or Payout Value of Unearned Shares or Units That Have Not Vested ($)(3)** |
| Jeremy R. Hoff | 4/10/2023(1)<br> 4/10/2023(2) | 10892 | $144537 |  |  |
|  | 6/4/2024(1) |  |  | 15735 | $208806 |
|  | 4/9/2024(2) | 16139 | 214165 |  |  |
|  | 2/20/2025(1) |  |  | 40384 | 535896 |
|  | 2/20/2025(2) | 40383 | 535882 |  |  |
| C. Earl Armstrong | 2/20/2025(1) |  |  | 11494 | 152525 |
|  | 2/20/2025(2) | 11494 | 152525 |  |  |
|  | 4/10/2023(4) | 1842 | 24443 |  |  |
|  | 7/22/2024(4) | 3296 | 43738 |  |  |
| Anne J. Smith | 4/10/2023(1) |  |  |  |  |
|  | 4/10/2023(2)<br>|  |  |  |  |
|  | 6/4/2024(1) |  |  |  |  |
|  | 4/9/2024(2) |  |  |  |  |
|  | 2/20/2025(1) |  |  |  |  |
|  | 2/20/2025(2) |  |  |  |  |

---

(1) Performance
grant awards outstanding as of February 1, 2026. Performance metrics for the grants awarded on April 10, 2023 were not met; consequently,
there was no payout and there are no amounts shown in the table. Each performance grant entitles the executive officer to receive a payment
based on the achievement of two specified performance conditions. For the June 4, 2024 and February 20, 2025 grants, the performance
conditions are derived from the Company's absolute EPS compound growth and the relative TSR performance over a three-year performance
period as shown in the following table. For the April 10, 2023 grants, the performance conditions are derived from the Company's
absolute and relative EPS growth over a three-year performance period as shown in the following table. The payout or settlement of which
shall be made in shares of the Company's common stock (based on the fair market value of the shares of the Company's common
stock on the date of settlement or payment). In all cases, the named executive officer also must remain continuously employed with the
Company through the end of the performance period to be eligible for a payment, with prorated payments made due to retirement, death
or disability. No amounts are shown for Ms. Smith as her performance grants were forfeited upon her separation from the Company on October
31, 2025. The performance grants provide for a lump sum cash payment to the executive officer if the Company undergoes a change of control.
For additional discussion regarding the performance grants, refer to the Executive Compensation Discussion at page 17.

---

| | |
|:---|:---|
| **PSU Grant Date** | **Performance Period** |
| 4/10/2023 | January 30, 2023 – February 1, 2026 |
| 6/4/2024 | January 29, 2024 – January 31, 2027 |
| 2/20/2025 | February 3, 2025 – January 30, 2028 |

---

(2) Restricted
stock unit ("RSU") awards outstanding at the end of the last completed fiscal year. Market value is based on the closing
market price of the Company's common stock on February 1, 2026. The fiscal 2024 RSU grant entitles the executive officer to receive
one share of common stock for each RSU if he or she remains continuously employed with the Company through the end of a three-year service
period that ends on April 10, 2026. The fiscal 2025 RSU grant vests ratably by entitling the executive officer to receive one third of
the grant if he or she remains continuously employed with the Company through the end of each service period that ends April 9, 2025,
April 9, 2026 and April 9, 2027, respectively. The fiscal 2026 RSU grant vests ratably by entitling the executive officer to receive
one third of the grant if he or she remains continuously employed with the Company through the end of each service period that ends February
20, 2026, February 20, 2027 and February 20, 2028, respectively. At the discretion of the Committee, the RSUs may be paid in shares of
the Company's common stock, cash (based on the fair market value of a share of common stock on the date payment is made), or both.
In addition to the service-based vesting requirement, 100% of the RSUs will vest upon a change of control of the Company and a prorated
number of the RSUs will vest upon the death, disability or retirement of the executive officer. No amounts are shown for Ms. Smith as
she forfeited these awards upon her separation from the Company on October 31, 2025.

---

| | |
|:---|:---|
| **RSU Grant Date** | **Service Period** |
| 4/10/2023 | April 10, 2023 – April 10, 2026 |
| 4/9/2024 | April 9, 2024 – April 9, 2027 |
| 2/20/2025 | February 20, 2025 – February 20, 2028 |

---

(3) Performance
metrics were not met for the 2024 fiscal year performance grant awards (granted on April 10, 2023) as of the end of the 2026 fiscal year,
which was the end of the award's three-year performance period. Consequently, no amount was outstanding at the end of the 2026
fiscal year. The 2025 and 2026 performance grants shown are based on the level of performance achieved at target levels at the end of
fiscal 2026. The 2025 PSU grant and the 2026 PSU grant were measured at the threshold level for the EPS growth goal and at target for
the TSR goal, based on the forecast at the end of fiscal 2026. If the interim performance exceeded the threshold for the award, the reported
value of the award was based on assumed achievement of the next higher performance measure that exceeds the actual interim measure of
performance (which was the maximum performance level for both absolute and relative EPS growth). Any payments under the 2025 and 2026
performance grant awards will be determined based on actual performance through 2027 and 2028, respectively, and not on any interim measure
of performance.

(4) Restricted
stock awards outstanding as of the end of the last completed fiscal year. The market value is based on the closing price of the Company's
common stock on February 1, 2026. Each grant vests over a three-year period. The restricted stock may not be sold, assigned, transferred,
pledged, hypothecated, or otherwise encumbered or disposed of prior to the vesting date. Mr. Armstrong was granted these awards prior
to becoming a named executive officer.

**Option Exercised and Stock Vested Table** 

The following table sets forth information concerning equity awards vested during fiscal 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br>**Name**  | **Award type** | **Grant Date** | **Number of shares earned upon vesting** | **Value Realized on Vesting ($)** |
| Jeremy R. Hoff | RSU Grant | 4/11/2022 | 11172 | $94850 |
|  | RSU Grant | 4/9/2024 | 8069 | 69393 |
| C. Earl Armstrong III | Restricted Stock Grant | 4/11/2022 | 1711 | 14526 |
| Anne J. Smith | RSU Grant | 4/11/2022 | 2169 | 18415 |
|  | RSU Grant | 4/9/2024 | 1723 | 14818 |

---

**Pension Benefits**

The following table sets forth information concerning benefits provided for Ms. Smith under the Company's Supplemental Retirement Income Plan ("SRIP"). Messrs. Hoff and Armstrong do not participate in the SRIP:

---

| | | | |
|:---|:---|:---|:---|
| <br>**Name**  | **Plan Name** | **Plan Years of Service** | **Present<br> Value of <br> Accumulated <br> Benefits ($)(1)** |
| Anne J. Smith(2) | SRIP | 18 | $881291 |

---

(1) Assumes
a discount rate of 4.60%, based on the Moody's Composite Bond Rate as of January 31, 2026 (rounded to the nearest 5 basis points).

(2) Ms.
Smith's active participation in the SRIP ceased effective as of her separation from the Company on October 31, 2025. In connection
with her separation, the SRIP was amended to confirm that she is 95% vested in her benefit.

The SRIP provides a monthly supplemental retirement benefit equal to a specified percentage of the executive's final average monthly compensation (25% for Ms. Smith), payable for a 15-year period following the executive's termination of employment. Final average monthly compensation means the average monthly base salary and any annual incentive awards paid to the executive during the five-year period before their termination of employment with the Company.

An executive becomes vested in 75% of the monthly supplemental benefit if the executive remains continuously employed with the Company until reaching age 60 and is vested in additional 5% increments for each subsequent year that the executive remains continuously employed with the Company. Executives who remain continuously employed to age 65 become fully vested in their monthly supplemental benefit. In connection with her separation from the Company on October 31, 2025, the SRIP was amended to confirm that Ms. Smith is 95% vested in her benefit. Additional information regarding the SRIP can be found under Executive Compensation beginning on page 17.

**Potential Payments upon Termination or Change in Control**

 

*Performance Grants* 

Outstanding performance grants awarded to the named executive officers provide for a lump sum cash payment to the executive officer if the Company undergoes a "change of control." The payment would be made on the date of the change of control and would assume that the named executive officer remained continuously employed through the end of the applicable performance period and that the specified target levels defined in the grant agreement had been attained for the applicable performance period. A change of control includes, subject to certain exceptions:

&nbsp;&nbsp;&nbsp;&nbsp;■ acquisition,
other than from the Company, of more than 50% of the combined voting power of the Company's Common Stock; or

&nbsp;&nbsp;&nbsp;&nbsp;■ a
majority of the members of the Board are replaced during a twelve-consecutive-month period by directors whose appointment or election
is not endorsed by a majority of the members of the Board before the date of the appointment or election.

For grants under the 2024 Stock Incentive Plan, the Compensation Committee (or, with respect to director awards, the Board) is permitted to provide for vesting of awards to eligible employees in connection with a change in control of the Company if there is also a termination of employment in connection with the change in control. This is often referred to as "double trigger" vesting. For these purposes, a termination is considered to be in connection with a change of control if it occurs upon or within two years after the change in control and is for one of the following two reasons: (i) an involuntary termination by the Company without "cause" or (ii) a "constructive termination" by the participant. The terms "cause" and "constructive termination" are defined in the applicable award agreements. In addition, the Committee may provide for the assumption or substitution of awards by a surviving corporation. Awards to non-employee directors may fully vest upon a change in control.

The performance grants also provide for a pro-rated lump sum payment to be made in connection with the death, disability or retirement (as defined in the 2024 Stock Incentive Plan) of the named executive officer. The payment would be made upon the completion of the applicable performance period based on the performance levels actually achieved for the applicable performance period.

The following table provides the estimated aggregate payments to which each named executive officer would have been entitled under his respective performance grants if a change of control, or the executive's death, disability or retirement, had occurred on the last day of fiscal 2026 (subject to certain assumptions, as specified below).

---

| | | |
|:---|:---|:---|
|  | **Payout under Performance Grants Upon ($)(1)** | **Payout under Performance Grants Upon ($)(1)** |
|  | **Change of Control** | **Death, Disability**<br> **or Retirement** |
| Jeremy R. Hoff | $744702 | $317836 |
| C. Earl Armstrong III | $152525 | $50842 |
| Anne J. Smith (2) |  |  |

---

(1) These
 amounts include the amounts payable under three-year performance grants awarded June 4, 2024
 and February 20, 2025 which are described in the Outstanding Equity Awards at Fiscal Year-End
 table on page 36. Performance metrics were not met for the grants awarded on April 10, 2023
 and are therefore not included in the amounts shown above. The 2025 PSU grant and 2026 PSU
 grant were measured at the threshold level for the EPS growth goal and at target for the
 TSR goal, based on the forecast at the end of fiscal 2026. The payout amounts in connection
 with an executive's death, disability or retirement assume that the probable level
 of performance is achieved for the applicable performance periods.

(2) No
 amounts are shown for Ms. Smith as her performance grants were forfeited upon her separation
 from the Company on October 31, 2025.

*Restricted Stock Units*

The Compensation Committee may provide that outstanding restricted stock units (RSUs) awarded to the named executive officers will vest earlier upon certain terminations of employment following a change of control and may also be eligible for earlier pro rata vesting in connection with a termination of employment on account of death, disability, or retirement (as defined in the 2024 Stock Incentive Plan). A "change of control" of the Company for purposes of the RSUs has the same meaning as for the performance grants described above. The RSU payment would be a lump sum paid on the date of the change of control or as soon as administratively practicable after the vesting date upon the executive's death, disability, or retirement. Any RSUs that vest upon retirement shall not be paid until the final vesting date (the third anniversary of the date of grant for RSUs granted in fiscal 2025 and after). The following table provides an estimate of the aggregate payments that each named executive officer would have received under the executive's RSUs if a change of control, or the executive's death, disability or retirement, had occurred on the last day of fiscal 2026.

---

| | | |
|:---|:---|:---|
|  | **Payout under Restricted Stock<br> Units or Restricted Stock Upon<br> ($)(1)** | **Payout under Restricted Stock<br> Units or Restricted Stock Upon<br> ($)(1)** |
|  | **Change of<br> Control** | **Death,<br> Disability or<br> Retirement** |
| Jeremy R. Hoff | $894584 | $465941 |
| C. Earl Armstrong III | $220707 | $97154 |
| Anne J. Smith (2) |  |  |

---

(1) These
 amounts include the amounts payable under three-year RSUs awarded April 10, 2023, April 9,
 2024 and February 20, 2025 and the restricted stock awarded to Mr. Armstrong prior to becoming
 a named executive officer, which are described in the Outstanding Equity Awards at Fiscal
 Year-End table on page 36 and are calculated based on the closing price of the Company's
 Common Stock as of the last trading day of fiscal 2026.

(2) Ms.
 Smith separated from the Company on October 31, 2025, and forfeited all unvested shares.

**Hoff, Armstrong and Smith Employment Agreements** 

Under each of these employment agreements, the named executive officer is entitled to receive certain payments in connection with their termination of employment absent "cause" or for "good reason," and in the event of their disability or death. If the executive's employment is terminated by the Company absent "cause" (defined below) or by the executive for "good reason" (defined below) during the term of the agreement, they would receive:

● cash severance equal to eighteen (18) months of base salary for Mr. Hoff for any termination of employment that occurs before the last day of the fiscal year; in the case of Mr. Armstrong and Ms. Smith, cash severance equal to twelve (12) months of base salary for any termination of employment;

● an annual cash incentive payment prorated for the period ending on their termination date;

● a severance payment in an amount equal to two times (for Mr. Hoff) and one times (for Mr. Armstrong and Ms. Smith) the sum of the officer's then-current base salary and a prorated annual cash incentive payment for the performance year in which the officer's employment is terminated, if the officer's employment is terminated for good reason or by the Company without cause and such termination date is within one year after a change of control; and

If the named executive officer's employment is terminated on account of disability or death, the executive or estate, as applicable, would receive payment of their base salary through their termination date, and a prorated annual cash incentive payment for the period ending with their disability or death.

If the executive voluntarily terminates their employment, or they are terminated for "cause," by the Company, they will not receive any post-termination payments, other than any salary or benefit due through and including the respective executive's date of termination.

Under the terms of each of the employment agreements covering these executives, the following definitions of "cause" means the executive's:

● breach of the employment agreement;

● gross negligence in the performance of their material duties;

● intentional nonperformance or mis-performance of their duties, or refusal to abide by or comply with reasonable directives of the CEO or the Company's policies and procedures;

● willful dishonesty, fraud or misconduct with respect to the business or affairs of the Company, which in the judgment of the CEO adversely affects the Company;

● executive's arrest for, conviction of, or a plea of nolo contendere to, a felony or other crime involving moral turpitude or that otherwise threatens to interfere with the Company's interests, as determined by the sole discretion of the CEO;

● executive's violation of the Company's Code of Business Conduct and Ethics; or

● executive's failure to report to work or unexcused absenteeism in violation of the Company's attendance policies.

Under the terms of each of the employment agreements covering these executives, the following definitions of "good reason" mean:

● a material adverse change in the executive's duties, authority or responsibilities;

● relocation of executive's principal place of employment to another location more than 75 miles away from executive's current principal place of employment; or

● the Company's material breach of the employment agreement or any other agreement between the parties.

In order to terminate for good reason, the executive must give the Company notice of termination within 60 days following the qualifying event. If the Company fails to cure the issue within 30 days, the executive may terminate for good reason within 30 days after the end of the cure period.

**Payments upon Termination or Change of Control** 

The table below describes the payments due each of the named executive officers in the event of an involuntary termination of employment absent "cause" or for "good reason" assuming such termination occurred on February 1, 2026, the last business day of the Company's fiscal year.

---

| | | |
|:---|:---|:---|
|  | **Payout under Employment<br> Agreement Upon** | **Payout under Employment<br> Agreement Upon** |
|  | **Termination<br> Without <br> Cause or for<br> Good Reason** | **Change of<br> Control** |
| Jeremy R. Hoff<sup>(1)</sup> | $1020000 | $1360000 |
| C. Earl Armstrong III<sup>(1)</sup> | $375000 | $375000 |
| Anne J. Smith<sup>(2)</sup> | $375000 |  |

---

(1) These
 amounts represent the cash severance payment due to each named executive officer under their
 respective employment agreements assuming a termination date of February 1, 2026. This does
 not include any short-term incentive payment because the Company did not achieve the threshold
 levels of performance required for a payment.

(2) Ms.
 Smith separated from the Company on October 31, 2025. The amount shown represents cash severance
 paid to her.

**EQUITY COMPENSATION PLAN INFORMATION**

The following table summarizes information about the Company's equity compensation plans as of February 1, 2026:

---

| | | | |
|:---|:---|:---|:---|
| **Plan Category** | **Number of securities to be issued upon exercise of outstanding options, warrants and rights** | **Weighted-average exercise price of outstanding options, warrants and rights** | **Approximate**<br> **number of securities**<br> **remaining available for future issuance under equity compensation plans(1)** |
| Equity compensation plans approved by security holders | 0 | N/A | 844000 |
| Equity compensation plans not approved by security holders |  |  |  |
| Total | 0 | N/A | 844000 |

---

(1) Shares
allocable to incentive awards granted under the Company's 2024 Stock Incentive Plan that expire, are forfeited, lapse or are otherwise
terminated or cancelled are added to the shares available for incentive awards under the plan. Any shares covered by a stock appreciation
right are counted as used only to the extent shares are actually issued to a participant when the stock appreciation right is exercised.
Any shares retained by the Company in satisfaction of a participant's obligation to pay applicable withholding taxes with respect
to any incentive award and any shares covered by an incentive award that is settled in cash are added to the shares available for incentive
awards under the plan.

**DELINQUENT SECTION 16(a) REPORTS**

The Exchange Act requires the Company's executive officers and directors, and any persons owning more than 10% of the Common Stock, to file reports of ownership and changes in ownership with the SEC. Based solely on its review of Forms 3, 4 and 5 filed during or with respect to the fiscal year ended February 1, 2026, and written representations from the Company's directors and executive officers and certain other reporting persons that, the Company believes that all executive officers, directors and 10% shareholders complied with those filing requirements and there were no late reports.

**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**

The following table sets forth information with respect to the beneficial ownership of the Company's Common Stock as of April 13, 2026 (unless noted otherwise below) by:

&nbsp;&nbsp;&nbsp;&nbsp;■ each
shareholder known by the Company to be the beneficial owner of more than 5% of its outstanding Common Stock;

&nbsp;&nbsp;&nbsp;&nbsp;■ each
director and director nominee;

&nbsp;&nbsp;&nbsp;&nbsp;■ each
named executive officer; and

&nbsp;&nbsp;&nbsp;&nbsp;■ all
current directors and executive officers as a group.

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Amount and<br> Nature Of<br> Beneficial<br> Ownership** |  | **Percent<br> Of Class** |
| Pzena Investment Management, LLC (1) | 1416002 | (1) | 13.1% |
| Donald Smith & Co., Inc. et al (2) | 1066754 | (2) | 9.9% |
| Dimensional Fund Advisors LP (3) | 647330 | (3) | 6.0% |
| Global Value Investment Corp. et al (4) | 560491 | (4) | 5.2% |
| W. Christopher Beeler, Jr. | 63227 | (5) | \* |
| Paul A. Huckfeldt | 43368 | (6) | \* |
| Ellen C. Taaffe | 30197 | (7) | \* |
| Tonya H. Jackson | 31593 | (8) | \* |
| Jeremy R. Hoff | 42684 | (9) | \* |
| Paulette Garafalo | 27147 | (10) | \* |
| Anne J. Smith | 18293 | (11) | \* |
| Maria C. Duey | 22660 | (12) | \* |
| Christopher L. Henson | 18299 | (13) | \* |
| C. Earl Armstrong, III | 8783 | (14) | \* |
| All current directors and executive officers as a group (9 persons) | 287958 |  | 2.7% |

---

\* Less than one percent.

(1) The
 beneficial ownership information for Pzena Investment Management, LLC is based upon a Schedule
 13G/A filed with the SEC on October 16, 2025. The Schedule 13G/A indicates that Pzena Investment
 Management, LLC, an investment adviser, has sole voting power with respect to 1,249,734,
 and sole disposition power with respect to all 1,416,002 shares. The principal business address
 of Pzena Investment Management, LLC is 320 Park Avenue, 8th Floor, New York, New York 10022.

(2) The
 beneficial ownership information for Donald Smith & Co., Inc., DSCO Value Fund, L.P.
 and John Piermont is based upon a Schedule 13G filed with the SEC on February 11, 2026. The
 Schedule 13G indicates that Donald Smith & Co., Inc., an investment advisor, has sole
 voting power with respect to 1,009,496 shares and sole disposition power with respect to
 1,054,896 shares, DSCO Value Fund, L.P., a partnership, has sole voting and disposition power
 over 9.850 shares, and Mr. Piermont, an individual, has sole voting and disposition power
 with respect to 2,000 shares. The principal business address of Donald Smith & Co., Inc.
 is 152 West 57th Street, 29<sup>th</sup> Floor, New York, New York 10019.

(3) The
 beneficial ownership information for Dimensional Fund Advisors LP is based upon a Schedule
 13G/A filed with the SEC on April 9, 2026. The Schedule 13G/A indicates that Dimensional
 Fund Advisors LP, a registered investment adviser that furnishes investment advice to four
 registered investment companies and serves as investment manager or sub-adviser to certain
 other commingled funds, group trusts and separate accounts (such investment companies, trusts
 and accounts, collectively referred to as the "Funds"), reported holdings of
 the Company's Common Stock beneficially owned by the Funds such that the reporting
 person had sole voting power over 634,339 shares and sole disposition power over all 647,330
 shares. Dimensional Fund Advisors LP reported that either it or its subsidiaries may possess
 voting and/or investment power over the Company's Common Stock owned by the Funds but
 disclaimed beneficial ownership of such Company Common Stock. The principal business address
 of Dimensional Fund Advisors LP is 6300 Bee Cave Road, Building One, Austin, Texas 78746.

(4) The beneficial ownership information for Global Value Investment Corporation
("GVIC"), Jeffrey R. Geygan, James P. Geygan, Stacy A. Wilke, Kathleen M. Geygan and Shawn G. Rice is based on a Schedule
13D/A filed with the SEC on February 19, 2026. The Schedule 13D/A indicates that (i) GVIC is an investment adviser to managed accounts
(the "Accounts") and owns 2,000 shares in its corporate capacity, (ii) Mr. Jeffrey Geygan is a director of GVIC and as a result
of his ownership interest in GVIC, he is the controlling person of GVIC while also owning 10,005 shares in his individual capacity, (iii)
Mr. James Geygan is also a director of GVIC and the interim Chief Executive Officer of GVIC, while also owning 3,480 shares in his individual
capacity, (iv) Ms. Wilke is Chief Financial Officer of GVIC and owns 2,460 shares in her individual capacity, (v) Ms. Geygan is a director
of GVIC and owns 1,585 shares in her individual capacity, and (vi) Mr. Rice is a director of GVIC and owns 2,595 shares in his individual
capacity. The Schedule 13D/A further indicates that each of these reporting persons, directly or indirectly, share the power to vote,
or direct the voting, of the shares held for the Accounts, and the power to dispose, or to direct the disposition of, the shares held
for the Accounts, and thus each of these reporting persons may be deemed to share voting and disposition power with respect to all 560,490.5
shares. The principal business address of these reporting persons is 1433 North Water Street, Suite 400, Milwaukee, Wisconsin 53202.

(5) Mr.
 Beeler has sole voting power with respect to all 63,227 shares and sole disposition power
 with respect to 56,863 shares.

(6) Mr. Huckfeldt has sole voting power with respect to 11,659 shares,
has sole disposition power with respect to 5,295 shares and has shared voting and disposition power with respect to 31,709 shares.

(7) Ms.
 Taaffe has sole voting power with respect to all 30,197 shares and sole disposition power
 with respect to 23,833 shares.

(8) Ms.
 Jackson has sole voting power with respect to all 31,593 shares and sole disposition power
 with respect to 25,229 shares.

(9) Mr.
 Hoff has sole voting and disposition power with respect to 42,684 shares.

(10) Ms.
 Garafalo has sole voting power with respect to all 27,147 shares and sole disposition power
 with respect to 20,783 shares.

(11) Ms.
 Smith has sole voting and disposition power with respect to 18,293 shares.

(12) Ms.
 Duey has sole voting power with respect to all 22,660 shares and sole disposition power with
 respect to 16,296 shares.

(13) Mr.
 Henson has sole voting power with respect to all 18,299 shares and sole disposition power
 with respect to 11,935 shares.

(14) Mr.
 Armstrong has sole voting with respect to 8,783 shares and sole disposition power with respect
 to 5,487 shares. .

**PROPOSAL TWO**

**RATIFICATION OF SELECTION OF**

**INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

The Audit Committee of the Board of Directors has selected the firm KPMG LLP as the Company's independent registered public accounting firm for the fiscal year ending January 31, 2027, subject to ratification by the shareholders. Action by the shareholders is not required by law in the selection of the Company's independent registered public accounting firm, but the Company submits its selection in order to give shareholders an opportunity to ratify the Audit Committee's selection of KPMG. If the shareholders do not ratify the selection of KPMG, the Audit Committee will reconsider the selection of the Company's independent registered public accounting firm. Unless otherwise specified, shares represented by proxies will be voted for the ratification of the selection of KPMG, as the Company's independent registered public accounting firm for fiscal 2027. KPMG has served as the Company's independent registered public accounting firm since fiscal 2003.

Representatives of KPMG are expected to be present at the Annual Meeting either in person or telephonically. They will have the opportunity to make a statement if they desire to do so and are expected to be available to respond to appropriate questions.

**Principal Accountant Fees and Services**

The following table presents fees billed to the Company by KPMG for the:

&nbsp;&nbsp;&nbsp;&nbsp;■ fiscal
 year ended February 1, 2026 (fiscal 2026), and

&nbsp;&nbsp;&nbsp;&nbsp;■ fiscal
 year ended February 2, 2025 (fiscal 2025).

---

| | | |
|:---|:---|:---|
|  | **Fiscal** <br> **2026** | **Fiscal** <br> **2025** |
| Audit Fees | $1845000 | $1658881 |
| Tax Fees |  |  |
| All Other Fees |  | 25000 |
| Total fees | $1845000 | $1683881 |

---

*Audit Fees* include KPMG's fees for audit services, including the audits of the Company's annual financial statements and internal control over financial reporting, review of the Company's quarterly financial statements included in its Forms 10-Q and review of SEC filings.

 

*All Other Fees* for fiscal 2025 include fees billed by KPMG for consent to the use of fiscal 2024 audit reports in the form S-8 registration for the Company's 2024 Stock Plan.

**Audit Committee Pre-approval of Audit and Non-Audit Services**

The Audit Committee is required to pre-approve all audit and permitted non-audit services provided by KPMG, the Company's auditing firm. The Audit Committee has authorized the Committee Chair to approve specific tax projects up to $30,000 each or an aggregate of no more than $60,000 and individual audit-related projects up to a maximum of $50,000 between Committee meetings provided that the decision to approve the service is presented at the next scheduled Committee meeting. Less than 1% of aggregate Audit-Related Fees and Tax Fees for each fiscal year presented above was approved by the Committee pursuant to the *de minimis* waiver of the pre-approval requirement set forth in Regulation S-X 2.01(c)(7)(i)(C).

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE *<u>FOR</u>* RATIFICATION OF THE SELECTION OF KPMG LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE FISCAL YEAR ENDING JANUARY 31, 2027.**

**PROPOSAL THREE ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION**

The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted in July 2010, requires that the Company provide its shareholders with the opportunity to vote to approve, on a non-binding, advisory basis, the compensation of the Company's named executive officers as disclosed in this proxy statement. Consistent with a majority of the advisory votes cast at the 2023 Annual Meeting of Shareholders and the recommendation of the Company's Board of Directors, the Company holds a shareholder advisory vote to approve the compensation of its named executive officers annually. The Company encourages shareholders to read the disclosures under Executive Compensation, beginning on page 17, which include the Compensation Discussion and Analysis, the compensation tables and the narratives that accompany those tables, for more information concerning the Company's compensation philosophy, programs and practices, the compensation and governance-related actions taken in fiscal 2026 and the compensation awarded to the named executive officers.

As described under the Compensation Discussion and Analysis, the Company's executive compensation programs are designed to:

&nbsp;&nbsp;&nbsp;&nbsp;■ attract
 and retain highly qualified executives who will contribute significantly to the success and
 financial growth of the Company and enhance value for shareholders; and

&nbsp;&nbsp;&nbsp;&nbsp;■ motivate
 and appropriately reward executives when they achieve the Company's financial and business
 goals and meet their individual performance objectives.

The Board believes that the Company's executive compensation program satisfies these objectives and is worthy of shareholder support. In determining whether to approve this proposal, the Board believes that shareholders should consider the following:

 

*Independent Compensation Committee.* Executive compensation is reviewed and established by a Compensation Committee of the Board consisting solely of independent directors. The Compensation Committee regularly meets in executive session, without executive officers present, in determining annual compensation. The Compensation Committee, at its sole discretion, may obtain data, analysis and input from an independent compensation consultant

 

*Compensation is Tied to Performance.* Key elements of the Company's compensation program, including annual cash incentives and certain long-term incentive awards, are aligned with financial and operational objectives established in the Board-approved annual operating plan. As a result, a meaningful portion of each executive's total compensation is "at risk" and is earned only if a threshold level of targeted performance is achieved.

 

*Balanced Compensation Structure.* Total cash compensation is allocated between base salary and an annual incentive opportunity tied directly to objective and quantifiable measures of the Company's business performance. Long-term incentive awards are balanced between those that are earned only if specific performance measures are met and those that are earned if an executive remains in continuous employment for a sustained period. Retirement benefits are only provided if an executive remains employed to a specified age.

This vote is not intended to address any specific item of compensation, but rather the overall compensation of the named executive officers described in this proxy statement. This vote is advisory, which means that the vote is not binding on the Company, the Board of Directors or the Compensation Committee. To the extent there is any significant vote against named executive officer compensation as disclosed in this proxy statement, the Compensation Committee will evaluate whether any actions are appropriate to address the concerns of shareholders.

This proposal will be approved if the number of votes cast in favor of the proposal exceeds the number of votes cast against it.

Accordingly, the Company asks its shareholders to vote on the following resolution at the Annual Meeting:

**RESOLVED, that the Company's shareholders approve, on an advisory basis, the compensation of the Company's named executive officers, as disclosed in the Company's proxy statement for the 2026 Annual Meeting of Shareholders pursuant to the compensation disclosure rules of the Securities and Exchange Commission.** 

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE *<u>FOR</u>* THE APPROVAL OF THE COMPENSATION OF THE COMPANY'S NAMED EXECUTIVE OFFICERS, AS DISCLOSED IN THIS PROXY STATEMENT.**

**OTHER BUSINESS**

Management knows of no other business that will be presented for consideration at the Annual Meeting, but should any other matters be brought before the meeting, it is intended that the persons named in the accompanying proxy will vote that proxy at their discretion.

**ADDITIONAL INFORMATION**

**Shareholder Proposals for 2027 Annual Meeting**

The Company plans to hold the 2027 Annual Meeting on June 8, 2027. The Company's bylaws (Article II, Section 1) provide that for business to be properly brought before an Annual Meeting by a shareholder of record, the shareholder must, in addition to meeting other applicable requirements, give timely written notice to the Secretary at the principal office of the Company. To submit business at the 2027 Annual Meeting, the notice must be received no later than January 8, 2027. In addition to the other matters outlined in the Company's bylaws, the shareholder's notice must include:

&nbsp;&nbsp;&nbsp;&nbsp;■ the
 name and address of the shareholder, as they appear on the Company's stock transfer
 books;

&nbsp;&nbsp;&nbsp;&nbsp;■ the
 number of shares of stock of the Company beneficially owned by the shareholder;

&nbsp;&nbsp;&nbsp;&nbsp;■ a
 representation that the shareholder is a record holder at the time the notice is given and
 intends to appear in person or by proxy at the meeting to present the business specified
 in the notice;

&nbsp;&nbsp;&nbsp;&nbsp;■ a
 brief description of the business desired to be brought before the meeting, including the
 complete text of any resolutions to be presented and the reasons for wanting to conduct such
 business; and

&nbsp;&nbsp;&nbsp;&nbsp;■ any
 interest that the shareholder may have in such business.

The proxies for the 2027 Annual Meeting will have discretionary authority to vote on any matter that properly comes before the meeting if the shareholder has not provided written notice before March 24, 2027.

A proposal that any shareholder desires to have included in the proxy statement for the 2027 Annual Meeting of shareholders must be received by the Company no later than January 8, 2027 and must comply with the SEC rules regarding shareholder proposals.

In addition, to comply with the SEC universal proxy rules, shareholders who intend to solicit proxies in support of director nominees other than the Company's nominees must provide notice that sets forth the information required by Rule 14a-19 to the Corporate Secretary no later than 60 calendar days prior to the anniversary of the previous year's annual meeting. For any such director nominee to be included on the proxy card for next year's annual meeting, the Corporate Secretary must receive notice under SEC Rule 14a-19 no later than April 10, 2027. Please note that the notice requirement under SEC Rule 14a-19 is in addition to the applicable notice requirements and deadlines outlined under the advance notice provisions of the Bylaws described above and under "Procedures for Shareholder Recommendations of Director Nominees" beginning on page 10.

**Shareholder Communications**

Shareholders may send written communications to the Board of Directors c/o Donna S. Adams, Secretary, Hooker Furnishings Corporation, P.O. Box 4708, Martinsville, Virginia 24115-4708. Any shareholder communication directed to the Board, a Director or any Board Committee, is forwarded to the Company's Chief Financial Officer and then to the Board or the appropriate Director(s) or Committee(s).

**A copy of our Annual Report on Form 10-K will be sent without charge to any shareholder who requests it in writing, addressed to: Hooker Furnishings Corporation, Attn: Corporate Secretary, 440 East Commonwealth Boulevard, Martinsville, Virginia 24112. Our Annual Report on Form 10-K is also posted and available for download from our Company website at https://investors.hookerfurnishings.com**.

---

| |
|:---|
| By Order of the Board of Directors, |
| /s/ Donna S. Adams |
| Donna S. Adams |
| *Secretary* |

---

May 8, 2026

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