Hooker Furnishings Reaches Shareholder Agreement with GVIC to Add Independent Director

Reuters01-03

Hooker Furnishings Reaches Shareholder Agreement with GVIC to Add Independent Director

Hooker Furnishings Corporation has entered into a cooperation agreement with Global Value Investment Corporation (GVIC) to identify and appoint a new independent director with industry expertise to its Board. Upon selection and vetting, the Board will expand from eight to nine members, and the new director will be nominated for election at the 2026 and 2027 annual meetings. GVIC has agreed to vote its shares in favor of Hooker's nominees at these meetings, with additional voting and standstill commitments outlined in the agreement. The full agreement will be filed with the U.S. Securities and Exchange Commission.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hooker Furniture Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9619052) on January 02, 2026, and is solely responsible for the information contained therein.

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