Hooker Furniture Corp. (HOFT) has shared an announcement.
Hooker Furnishings Corporation has set the 2024 salary and incentive plans for its executive team, with CEO Jeremy R. Hoff set to earn a base of $680,000, and other executives receiving substantial salaries. Additionally, they’re poised to receive significant cash bonuses for 2025, based on the company’s performance in revenue and operating income. These bonuses range from $204,000 to $1,360,000 for Hoff, with other executives having corresponding targets, and they hinge on achieving set fiscal thresholds, with no payouts for underperformance and double the target for maximum achievements.
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