On June 19, 2020 Hooker Furniture Corporation announced the retirement of Paul B. Toms, Jr. as its Chief Executive Officer as of January 31, 2021, the last day of the Company’s current fiscal year. Also, as previously disclosed, following his retirement as Chief Executive Officer, Mr. Toms will continue to serve as a director and Chairman of the Company’s Board of Directors, with such role being a non-executive role beginning February 1, 2021. Also, on June 19, 2020, the Board determined that immediately upon Mr. Toms' retirement, the role of Chief Executive Officer will be assumed by Jeremy R. Hoff, who currently serves as President of Hooker Legacy Brands.