What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2026-04-17 compared with 2025-04-18 · 168 added, 179 removed, 224 unchanged (61% of the section changed)

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premium residential custom leather, custom fabric-upholstered furniture and outdoor furniture.

During fiscal 2026, management determined that

the Pulaski Furniture (“PFC”) and Samuel Lawrence Furniture (“SLF”) brands within the Home Meridian segment no

longer aligned with the Company’s long-term strategic direction.

In recent years, the value-priced PFC and SLF businesses have faced

substantial sales declines due to adverse macroeconomic conditions, including elevated housing prices and mortgage rates that have weakened

the housing market, reduced consumer discretionary spending, inflationary pressures, and ongoing tariffs.

These uncontrollable factors

disproportionately affected the higher-volume, low-margin business model under which these brands operate.

Despite implementing organizational

restructuring and cost-reduction initiatives, the model no longer supports the Company’s strategy of achieving sustainable, long-term

profitability.

We believe that divesting the PFC and SLF businesses allows management to realign our portfolio around our strongest brands

and position the Company for consistent, long-term performance.

On December 1, 2025, the Company entered into

an Asset Purchase Agreement with a buyer to sell the PFC and SLF casegoods brands, including specified assets and liabilities associated

with those brands.

The Company will retain the Samuel Lawrence brand in connection with the operation of its hospitality business.

December 12, 2025, the Company completed the sale and received approximately $5.5 million in cash, representing the estimated net book

value of the assets at closing less a holdback amount of approximately $611,000, in accordance with the terms of the agreement.

their sale, the Home Meridian segment was eliminated, with its remaining Samuel Lawrence Hospitality brand reclassified into the “All

Other” category.

This divestiture represents a strategic shift for the Company and is expected to result in a significant change

in the Company’s operations and financial reporting.

The analysis presented herein excludes discontinued

operations, except where otherwise indicated.

Reportable Segments

Furnishings sales account for all of our net sales.

For financial reporting purposes and as described further below, we are organized into three reportable segments, Hooker Branded, Home

Meridian and Domestic Upholstery.

Our other businesses are aggregated into “All Other”.

See Note 18 -Segment Information to

our Consolidated Financial Statements for additional financial information regarding our operating segments.

For financial reporting purposes and as described further below, we are organized into two reportable segments, Hooker Branded and Domestic

Our other businesses that are not individually reportable and intercompany eliminations are aggregated into “All Other”.

See Note 17 -Segment Information to our Consolidated Financial Statements for additional financial information regarding our operating

Our product lines cover the design spectrum of

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Hooker Furnishings Corporation consists of the following

three operating segments and “All Other”:

two operating segments and “All Other”:

◾ The Hooker Branded segment which includes two

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office, accent, dining and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand;

☐ Hooker Upholstery, imported upholstered furniture targeted at the upper-medium

◾ The Home Meridian segment which includes the

following brands/marketing units:

☐ Pulaski Furniture, casegoods covering the complete design spectrum in a wide range of bedroom, dining

room, accent and display cabinets at medium price points;

☐ Samuel Lawrence Furniture, value-conscious offerings in bedroom, dining room, home office and youth furnishings;

☐ Samuel Lawrence Hospitality, a designer and supplier of hotel furnishings

targeted toward four-and five-star hotels;

☐ Prime Resources International (PRI), value-conscious imported leather motion upholstery.

□ Hooker Upholstery, imported upholstered furniture targeted at the upper-medium price-range.

◾ The Domestic Upholstery segment which includes

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□ Bradington-Young, a seating specialist in upscale motion and stationary leather furniture;

☐ HF Custom (formerly Sam Moore Furniture), a specialist in fashion forward

custom fabric upholstery offering a selection of chairs, sofas, sectionals, recliners and a variety of accent upholstery pieces;

□ HF Custom (formerly Sam Moore Furniture), a specialist in fashion forward custom fabric upholstery offering

a selection of chairs, sofas, sectionals, recliners and a variety of accent upholstery pieces;

□ Shenandoah Furniture, an upscale upholstered furniture business specializing in private label sectionals,

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◾ All Other consisting of:

☐ The H Contract product line which supplies upholstered seating and casegoods to upscale senior living

and assisted living facilities through designers, design firms, industry dealers and distributors that service that market;

☐ BOBO Intriguing Objects (BOBO), a lighting, accessories and home décor source acquired in fiscal

2024 that offers a variety of one-of-a-kind designs.

□ Samuel Lawrence Hospitality, a designer and supplier of hotel furnishings targeted toward four and five-star

□ Operating segments that are not individually reportable and intercompany eliminations.

Imported Products

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inherent risks in importing products manufactured abroad, including, but not limited to:

supply disruptions and delays due to a variety

of reasons, including our foreign suppliers’ factory capacities, factory shutdowns and delays, fluctuations in ocean freight costs,

container and vessel space availability, currency exchange rate fluctuations, economic and political developments and instability, as

well as the laws, policies and actions of foreign governments and the United States.

These laws, policies and actions may include regulations

affecting trade or the application of tariffs, such as the current ten percent tariff and the potential additional reciprocal tariffs

on imports imposed by the current U.S.

administration , affecting the countries from which we source imported home furnishings and components,

including the possible adverse effects on our sales, earnings, and liquidity.

policies and regulations affecting trade or the

application of tariffs, such as the imposition of duties or tariffs by the U.S.

administration or foreign governments, supply disruptions

and delays due to a variety of reasons, including our foreign suppliers’ factory capacities, factory shutdowns and delays, fluctuations

in ocean freight costs, container and vessel space availability, currency exchange rate fluctuations, as well as economic and political

developments and instability, affecting the countries from which we source imported home furnishings and components.

Because of the large number and diverse nature

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Supply disruptions and delays on selected items could occur for six months or longer.

If we were to be unsuccessful

in obtaining those products from other sources or at a comparable cost, a disruption in our supply chain from a major furniture supplier,

or from Vietnam in general, could decrease our sales, earnings and liquidity.

If we were unable to obtain

those products from alternative sources or at a comparable cost, our sales, earnings and liquidity could be adversely affected.

Given the sourcing capacity available in Vietnam

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However, our insight into the probability

of a wide scale global or regional disruption or pandemic, like the COVID-19 pandemic, remains limited.

See Item 1A, “Risk Factors”

for additional information on our risks related to imported products.

of a wide scale global or regional disruptions, such as changes in trade policies and tariffs, pandemics, geopolitical conflicts, significant

disruptions in global transportation networks, remains limited.

Ongoing geopolitical conflicts have disrupted global energy markets, resulting

in increased energy costs and reduced fuel availability that have raised manufacturing, transportation, and raw material costs, which

could adversely affect our supply chain and operating expenses.

See Item 1A, “Risk Factors” for additional information on

our risks related to imported products.

For imported products, we generally negotiate

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on imported products.

See also Item 7A.

“Quantitative and Qualitative Disclosures About Market Risk.”

Raw Materials

Significant materials used in manufacturing our domestic upholstered

furniture products include leather, fabric, foam, wooden and metal frames and electronic mechanisms.

Most of the leather is imported from

Italy and South America and is purchased as full hides and cut and sewn in our facilities or is purchased as pre-cut and sewn kits processed

by our vendors to our pattern specifications.

We believe our sources for raw materials are adequate and that we are not overly dependent

on any one supplier.

Our five largest domestic upholstery suppliers accounted for 31% of our raw materials purchases for domestic upholstered

furniture manufacturing operations in fiscal 2025.

Should disruptions with these suppliers occur, other than macro disruptions affecting

all such suppliers, we believe we could successfully source these products from other suppliers without significant disruption to our

After the implementation of the initial reciprocal tariffs in April 2025, we have observed price increases in imported raw

materials, including fabrics, steel, and hides.

Generally, we engage in negotiations with our suppliers to share a portion of the tariff

However, if we are unable to offset the tariff costs on these imported materials, it may lead to increased product costs, potentially

adversely affecting net sales and profit margins.

materials used in manufacturing our domestic upholstered furniture products include leather, fabric, foam, wooden and metal frames and

electronic mechanisms.

Most of the leather is imported from Italy and South America and is purchased as full hides and cut and sewn in

our facilities or is purchased as pre-cut and sewn kits processed by our vendors to our pattern specifications.

We believe our sources

for raw materials are adequate and that we are not overly dependent on any one supplier.

Our five largest domestic upholstery suppliers

accounted for 30% of our raw materials purchases for domestic upholstered furniture manufacturing operations in fiscal 2026.

Should disruptions

with these suppliers occur, other than macro disruptions affecting all such suppliers, we believe we could successfully source these products

from other suppliers without significant disruption to our operations.

After the implementation of the initial reciprocal tariffs in April

2025 and subsequent tariffs imposed under Section 232, we have experienced price increases in certain imported raw materials, including

fabrics, steel, and hides.

Generally, we seek to mitigate the impact of these tariffs through negotiations with our suppliers and other

cost management initiatives.

However, if we are unable to offset the tariff costs on these imported materials, it may lead to increased

product costs, potentially adversely affecting net sales and profit margins.

Our home furnishings products are sold through

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Warehousing and Distribution

We distribute furniture to retailers directly from factories and warehouses

in Asia via our container direct programs and from our facilities in Virginia, North Carolina, Georgia and California, and in limited

cases, from customer operated warehouses in strategic locations.

Due to our exit from the Accentrics Home (“ACH”) business

unit which demanded significant amounts of inventory to meet the quick shipping requirements of its e-commerce model, we reduced the physical

footprint of the Georgia warehouse by 400,000 square feet over the course of fiscal 2024.

In March 2025, we announced the planned exit

from our Georgia warehouse.

The exit strategy involves several risks, including the timely execution of the exit, costs and availability

of temporary warehousing, expenses related to relocation and start-up, and potential challenges with ERP and technology systems.

considerations include the timing and magnitude of restructuring charges, anticipated cost savings, and the potential for disruptions

to sales, earnings, and revenue.

See additional information in Management’s Discussion and Analysis and Note 22 Subsequent Events

on page 23 and F-33.

We distribute furniture to retailers directly

from factories and warehouses in Asia via our container direct programs and from our facilities in Virginia, North Carolina and California,

and in limited cases, from customer operated warehouses in strategic locations.

During fiscal 2026, we completed the planned exit of the

Georgia warehouse, which primarily supported the discontinued PFC and SLF businesses.

In addition, we launched a new Vietnam warehouse

in May 2025 to support our container direct program and enhance our international logistics capabilities.

This transition has reduced

direct container lead times from approximately six months to four to six weeks, improving customer service, optimizing U.S.

levels, and enabling greater container customization while reducing reliance on domestic warehousing.

When implementing these changes,

we considered the timing and magnitude of restructuring charges, anticipated cost savings, and the potential impact on net sales and earnings.

Working Capital Practices

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The majority of products in the Hooker Branded segment are shipped from our U.S.

while a large percentage of products sold at our Home Meridian segment are not warehoused by us but ship directly to our customers and

thus are not included in our inventory.

Our Domestic Upholstery segment products are made to order and shipped shortly after they are

however, this segment carries significant amounts of raw materials for production.

We do not carry significant amounts of hospitality

products, as most of these products are built to order and are shipped shortly after their manufacture directly to the customer.

Our Domestic Upholstery segment products are made to order and shipped shortly after they are produced;

however, this segment carries

significant amounts of raw materials for production.

We do not carry significant amounts of hospitality products, as most of these products

are built to order and are shipped shortly after their manufacture directly to the customer.

Accounts receivable

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For qualified customers, we offer payment terms, generally requiring payment 30 days from shipment.

However, we may offer extended payment terms in certain circumstances, including to promote sales of our product.

However, we may offer extended payment terms in certain circumstances, including promoting sales of our product.

We purchase accounts

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February 1, 2026

January 28, 2024

February 2, 2025

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Hooker Branded

Home Meridian

Domestic Upholstery

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and hence are generally not cancellable.

For the Hooker Branded and Domestic Upholstery

segments and All Other, we generally consider backlogs to be one helpful indicator of sales for the upcoming 30-day period, but because

of our relatively quick delivery and our cancellation policies, we do not consider order backlogs to be a reliable indicator of expected

long-term sales.

We generally consider the Home Meridian segment’s backlog to be one helpful indicator of that segment’s sales

for the upcoming 90-day period.

Due to (i) the average sales order sizes of its mass and mega account channels of distribution, (ii) the

proprietary nature of many of its products and (iii) the project nature of its hospitality business, for which average order sizes tend

to be larger and consequently, the Home Meridien segment’s order backlog tends to be larger.

There have been exceptions to the general predictive

nature of our orders and backlogs noted in this paragraph, such as during times of extremely high demand and supply chain challenges as

experienced during the immediate aftermath of the initial COVID-19 crisis and subsequent recovery.

Orders were not being converted to

shipments as quickly as would be expected compared to the pre-pandemic environment due to the lack and cost of shipping containers and

vessel space as well as limited overseas vendor capacity.

As a result, backlogs were significantly elevated and reached historical levels

at the end of fiscal 2021 and 2022.

We generally consider backlogs to be one helpful

indicator of sales for the upcoming 30-day period, but because of our relatively quick delivery and our cancellation policies, we do not

consider order backlogs to be a reliable indicator of expected long-term sales.

At the end of fiscal 2026, our consolidated order

backlog decreased by $19.2 million as compared to the prior year-end, representing a 27% decrease year-over-year.

This decrease was primarily

driven by a $15 million reduction in the Home Meridian backlog and a $3.4 million reduction in the Hooker Branded backlog, both due to

weak demand in the home furnishings market.

* For comparison purposes, we included order backlog

as of fiscal 2020 year-end, the year before the COVID crisis.

At fiscal 2020 year-end, Home Meridian backlog included approximately $18

million orders from the unprofitable Clubs and Accentrics Home e-commerce (ACH) businesses which we decided to exit in fiscal 2022 and

fiscal 2023, respectively.

Domestic Upholstery backlog did not include Sunset West, the business we acquired in the beginning of fiscal

At fiscal 2020 year-end, Sunset West had approximately $1.6 million in backlog.

backlog increased $7.2 million, or 20%, as compared to the prior year-end.

Backlog increased across Hooker Branded, Domestic Upholstery,

and All Other.

The increases in Domestic Upholstery and All Other were driven by higher incoming orders at Shenandoah and SLH.

in the Hooker Branded segment was also attributed to shipment timing, including vendor delays and weather-related disruptions affecting

Generally, sales in our fiscal first quarter are

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and new developments:

We have put in place several initiatives focused on promoting sustainability and preserving natural resources.

◾ We have put in place several initiatives focused

on promoting sustainability and preserving natural resources.

We maintain an annual Greenhouse Gas (GHG) emissions inventory and verification.

The third-party verification of GHG emissions issued in calendar year 2024 stated that we have established appropriate systems for the collection, aggregation and analysis of quantitative data for determination of these GHG emissions for the stated period and boundaries.

Since 2021, we have started projects to reduce our carbon footprint

by investment in renewable energy and in projects to reduce energy consumption.

We have purchased renewable energy from solar farms for

several domestic manufacturing facilities since 2022.

Sunset West is operating on 100% renewable energy;

HF Custom (formerly Sam Moore)

is operating on 100% renewable energy;

and the Savannah distribution center is operating on 30% renewable energy.

All remaining facilities

will be added as renewable energy programs are available in those locations.

We are recognized as an Appalachian Power 2024 Top Performer

for energy efficiency in the Martinsville area.

We continue to partner with the Arbor Day Foundation, the Sustainable Furnishings Council, and the Eco Ambassador Council for their commitment to environmental responsibility and sustainability, including financial assistance, educating employees on the necessity of preserving and replenishing resources, and supporting various projects within the Dan River Basin area.

We also support the Virginia Museum of Natural History’s Cultural Heritage Monitoring lab, which provides global monitoring capability for cultural heritage sites threatened by armed conflict and natural disaster.

◾ Since 2021, we have started projects to reduce

our carbon footprint by investment in renewable energy and in projects to reduce energy consumption.

We have purchased renewable energy

from solar farms for several domestic manufacturing facilities since 2022.

Sunset West and HF Custom (formerly Sam Moore) are operating

on 100% renewable energy.

All remaining facilities will be added as renewable energy programs are available in those locations.

recognized as an Appalachian Power 2024 Top Performer for energy efficiency in the Martinsville area.

◾ We continue to partner with the Arbor Day Foundation,

the Sustainable Furnishings Council, and the Eco Ambassador Council for their commitment to environmental responsibility and sustainability,

including financial assistance, educating employees on the necessity of preserving and replenishing resources, and supporting various

projects within the Dan River Basin area.

We also support the Virginia Museum of Natural History’s Cultural Heritage Monitoring

lab, which provides global monitoring capability for cultural heritage sites threatened by armed conflict and natural disaster.

Human Capital Resources

As of February 2, 2025, we had 1,034 full-time

employees, of which 233 were employed in our Hooker Branded segment, 173 were employed in our Home Meridian segment, 623 were employed

in our Domestic Upholstery segment and 5 were employed in All Other.

By geographical area, 895 employees were located in the United States

and 139 were located in Asia.

As of February 1, 2026, we had 840 full-time employees,

of which 298 were employed in our Hooker Branded segment and 542 were employed in our Domestic Upholstery segment.

By geographical area,

756 employees were located in the United States and 84 were located in Asia.

None of our employees are represented by a labor union.

We consider our relations with our employees to

consider our relations with our employees to be good.

Our employees are critical to our success, and

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without regard to race, ethnicity, age, gender, gender identity, religion, national origin, citizenship, marital status, veteran’s

status or disability.

All facilities have established human resource departments with formal hiring processes and controls in place to

ensure ethical and fair hiring practices.

Some of the action steps we have taken recently or are working on currently include:

status, disability or any other characteristic protected by applicable federal, state, or local law.

All facilities have established human

resource departments with formal hiring processes and controls in place to ensure ethical and fair hiring practices.

Some of the action

steps we have taken recently or are working on currently include:

◾ We carefully evaluate the overall compensation and benefits packages regularly

to ensure the economic security, health, and safety of our employees, including;

ο compensating employees competitively relative to the industry and local labor markets, and in accordance

o compensating employees competitively relative to the industry and local labor markets, and in accordance

with all applicable federal, state, and local wage, work hour, overtime, and benefits laws;

ο providing affordable and comprehensive health benefits to employees focused on financial, emotional, and

o providing affordable and comprehensive health benefits to employees focused on financial, emotional, and

physical health and well-being, including a standardized process of reporting worker’s compensation claims which we believe promotes

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and improving safety measures to achieve a safe, healthy, secure, and productive workplace;

We are committed to employees’ professional success and growth by providing extensive safety training, on-the-job coaching, formal training sessions, and online learning resources.

The Company also provides continuing education opportunities, including an independently operated educational foundation originally funded by the Company, comprehensive leadership development programs, and a renewable tuition reimbursement program to children and spouses of all employees, excluding family members of current and former executive officers and board directors;

◾ We are committed to employees’ professional

success and growth by providing extensive safety training, on-the-job coaching, formal training sessions, and online learning resources.

The Company also provides continuing education opportunities, including an independently operated educational foundation originally funded

by the Company, comprehensive leadership development programs, and a renewable tuition reimbursement program to children and spouses of

all employees, excluding family members of current and former executive officers and board directors;

◾ We are committed to fostering a culture of opportunity

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We have done this by:

ο Expanding Talent Pipelines

o Expanding Talent Pipelines

● We expanded our Furniture Market Internship, providing aspiring professionals with hands-on experience

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● We established a formal summer internship program aligned with roles of interest for recent graduates.

During the summer of 2024, the program focused on marketing, with three interns contributing to various aspects of the department and

gaining valuable experience.

● We strengthened our partnerships with local HBCUs and participated in the State of North Carolina’s

HBCU Internship Program, hosting a supply chain intern to support skill development in key roles.

ο Enhancing Employee Training

● We introduced feedback training and conflict management training for people leaders to improve workplace

communication and foster a collaborative environment.

● We developed plans for future training initiatives, including programs focused on mental health awareness,

boundary-spanning skills, and change management to support employee growth, adaptability, and well-being.

ο Strengthening Community Partnerships

The program is designed to rotate among departments over time, based on organizational needs and business priorities.

● We continued our focus on building diverse talent pipelines through sustained engagement with local colleges

and universities and participation in career-related events.

In addition, our staff participated in career readiness focused events.

o Enhancing Employee Training

● We completed the implementation of feedback and conflict management training for people leaders and continue

to provide ongoing training to reinforce effective workplace communication and a collaborative environment.

● We continue to plan future training initiatives aimed at enhancing workforce effectiveness and supporting

a high-performing, results-oriented organization.

o Strengthening Community Partnerships

● We continue to maintain and grow community partnerships in the communities where our employees live and

For example, we deepened our collaboration with the Resource Access Network in Lynchburg, which led to receiving the Champions of

Disability Employment Award for our efforts to create meaningful employment opportunities for individuals with disabilities.

● In calendar 2024, we participated in job fairs, workshops, and university events, offering resume reviews,

Our employees dedicate their time to community engagement activities, and the Company supports fundraising initiatives benefiting

a range of causes.

● In calendar 2025, we participated in job fairs, workshops, and university events, providing resume reviews,

mock interviews, and insights into careers at Hooker Furnishings to strengthen community ties and support workforce development.

maintain a Code of Business Conduct and Ethics.

All employees are required to sign off on the Code at hiring and reaffirm their understanding

and compliance with the Code, as well as anti-corruption and anti-bribery training on an annual basis.

In addition, the Company has both

import and domestic suppliers to sign a Vendor Code of Conduct.

The Company also has audits in place for both Environmental Social and

Governance (ESG) and the US Customs Trade Partnership Against Terrorism certification (CTPAT) and conducts them every 6 months and produces

a scorecard that can be used in future purchasing decisions based upon the vendor’s performance.

The CTPAT audit process involves

a comprehensive self-assessment of our supply chain covering facilities, logistics, and personnel, IT, etc., and the implementation of

security best practices, to ensure our entire supply chain is secure.

This self-assessment is ultimately audited by US Customs and Border

Adherence to this program allows for quicker processing of shipments through US Customs.

Our ESG audit involves a systematic

evaluation of our performance across the ESG spectrum aiming to identify strengths, weaknesses, opportunities, and risks, and to provide

stakeholders with a comprehensive view of our sustainability efforts and adherence to ESG principles

Additionally,

our staff participated in speaker panels focused on career readiness.

◾ We maintain a Code of Business Conduct and Ethics.

All employees are required to sign off on the Code at hiring and reaffirm their understanding and compliance with the Code, as well as

anti-corruption, cybersecurity and anti-bribery training.

In addition, the Company has both import and domestic suppliers to sign a Vendor

Code of Conduct.

The Company also has audits in place for both Environmental Social and Governance (ESG) and the US Customs Trade Partnership

Against Terrorism certification (CTPAT) and conducts them every 6 months and produces a scorecard that can be used in future purchasing

decisions based upon the vendor’s performance.

The CTPAT audit process involves a comprehensive self-assessment of our supply chain

covering facilities, logistics, and personnel, IT, etc., and the implementation of security best practices, to ensure our entire supply

chain is secure.

This self-assessment is ultimately audited by US Customs and Border Protection.

Adherence to this program allows for

quicker processing of shipments through US Customs.

Our ESG audit involves a systematic evaluation of our performance across the ESG spectrum

aiming to identify strengths, weaknesses, opportunities, and risks, and to provide stakeholders with a comprehensive view of our sustainability

efforts and adherence to ESG principles.

Patents and Trademarks

The Hooker Furnishings, Hooker Furniture, Bradington-Young,

Sam Moore, Pulaski Furniture, Samuel Lawrence Furniture, Samuel Lawrence Hospitality, Home Meridian International, Prime Resources International,

Shenandoah, H Contract, Sunset West, HF Custom and BOBO trade names represent many years of continued business.

We believe these

trade names are well-recognized and associated with quality and service in the furnishings industry.

We also own a number of patents and

trademarks, both domestically and internationally, none of which is considered to be material.

Sam Moore, Samuel Lawrence Hospitality, Shenandoah, H Contract, Sunset West, HF Custom and BOBO trade names represent many years of continued

We believe these trade names are well-recognized and associated with quality and service in the furnishings industry.

own a number of patents and trademarks, both domestically and internationally, none of which is considered to be material.

Governmental Regulations

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You may visit us online at hookerfurnishings.com,

hookerfurniture.com, bradington-young.com, hfcustomfurniture.com, shenandoahfurniture.com, mfurnishings.com, sunsetwestusa.com, homemeridian.com,

pulaskifurniture.com, slf-co.com, slh-co.com, hcontractfurniture.com, and bobointriguingobjects.com.

We make available, free of charge

through our Hooker Furnishings website hookerfurnishings.com, our annual report on Form 10-K, quarterly reports on Form 10-Q, current

reports on Form 8-K, amendments to those reports, and other documents as soon as practical after they are filed with or furnished to the

Securities and Exchange Commission (“SEC”).

A free copy of our annual report on Form 10-K may also be obtained by contacting

Earl Armstrong, Chief Financial Officer, Senior Vice-President Finance and Corporate Secretary at CorpSec@hookerfurnishings.com or by

calling 276-632-2133.

shenandoahfurniture.com, slh-co.com, and hcontractfurniture.com.

We make available, free of charge through our Hooker Furnishings website

hookerfurnishings.com, our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, amendments to those

reports, and other documents as soon as practical after they are filed with or furnished to the Securities and Exchange Commission (“SEC”).

A free copy of our annual report on Form 10-K may also be obtained by contacting Earl Armstrong, Chief Financial Officer and Senior Vice-President

Finance at CorpSec@hookerfurnishings.com or by calling 276-632-2133.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business