HAVERTY FURNITURE COMPANIES INC 8-K

What Happened Haverty Furniture Companies, Inc. announced on January 29, 2026 (via 8-K and press release) that its Board of Directors elected E. Kendrick Smith effective February 17, 2026. Mr. Smith’s term runs until the Company’s 2026 Annual Meeting of Stockholders, and his appointment expands the Board to eleven members. Mr. Smith is a veteran trial lawyer with more than 40 years of experience and previously served for nearly a decade as Havertys’ primary outside counsel.

Key Details

• Election effective: February 17, 2026; term expires at the 2026 Annual Meeting of Stockholders.
• Board size: increases to 11 members with Mr. Smith’s addition.
• Independence: Mr. Smith is the brother of Executive Chairman Clarence H. Smith and is classified as a non‑independent, non‑management director.
• Compensation: He is eligible for the Company’s standard non‑employee director compensation and will receive a pro rata amount for any partial fiscal quarter.

Why It Matters This filing updates investors on a change in board composition and governance. The addition of a longtime outside counsel with deep industry familiarity may provide legal and industry expertise to the Board, while his family relationship with the Executive Chairman means he is non‑independent—an important governance detail for investors evaluating board independence. The company reported no other related‑party transactions requiring disclosure.