HOOKER FURNISHINGS Corp 8-K

What Happened
Hooker Furnishings Corporation (HOFT) announced it entered into a First Amendment to a Cooperation Agreement with Global Value Investment Corporation (GVIC) and certain affiliates on February 17, 2026. The original Cooperation Agreement (dated January 1, 2026) called for the company and GVIC to identify a mutually agreeable independent director with relevant industry background by February 15, 2026. The Amendment extends that deadline to February 28, 2027; the parties say they have narrowed the list of potential candidates but agreed the extension was prudent.

Key Details

• Amendment signed: February 17, 2026; original Cooperation Agreement dated January 1, 2026.
• New deadline for the New Director Search: February 28, 2027 (original deadline: February 15, 2026).
• Parties: Hooker Furnishings Corporation and Global Value Investment Corporation (GVIC) and certain affiliates.
• Objective: identify a mutually agreeable independent director candidate possessing industry background relevant to the Company’s business; parties report they have narrowed the candidate list.

Why It Matters
This filing updates investors on the timeline for a potential board appointment negotiated with an investor group (GVIC). A new independent director with relevant industry experience could affect board oversight and strategic direction; the Amendment simply extends the period for the parties to complete that search. Investors should view this as continued engagement between Hooker and GVIC and a formal adjustment to the governance timetable rather than a finalized board change.