-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UL4Yl4SUqDGZ/MeyfWtcaydFKx5m7o4+22nZPRYGpYq7dwPunvQ6qKVpgU0cEtFO
 COfzpek1dtEadDj7RyUz+Q==

<SEC-DOCUMENT>0001171843-10-002374.txt : 20101108
<SEC-HEADER>0001171843-10-002374.hdr.sgml : 20101108
<ACCEPTANCE-DATETIME>20101108170659
ACCESSION NUMBER:		0001171843-10-002374
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20101103
ITEM INFORMATION:		Cost Associated with Exit or Disposal Activities
ITEM INFORMATION:		Material Impairments
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20101108
DATE AS OF CHANGE:		20101108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HOOKER FURNITURE CORP
		CENTRAL INDEX KEY:			0001077688
		STANDARD INDUSTRIAL CLASSIFICATION:	HOUSEHOLD FURNITURE [2510]
		IRS NUMBER:				540251350
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25349
		FILM NUMBER:		101173200

	BUSINESS ADDRESS:	
		STREET 1:		440 E COMMONWEALTH BLVD
		CITY:			MARTINSVILLE
		STATE:			VA
		ZIP:			24112
		BUSINESS PHONE:		5406322133

	MAIL ADDRESS:	
		STREET 1:		440 E COMMONWEALTH BLVD
		CITY:			MARTINSVILLE
		STATE:			VA
		ZIP:			24112
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>document.htm
<DESCRIPTION>FORM 8-K FILING DOCUMENT
<TEXT>
<!DOCTYPE html
	PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN"
	"http://www.w3.org/TR/html4/loose.dtd">
<html lang="en-US">
<head>
  <title>Form 8-K Filing</title>
</head>

<body>

<p align="center">
  <font size="5">
    <b>UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br></b>
  </font>
</p>

<p align="center">
  <font size="3">
    <b>Washington, D.C. 20549</b><br>
  </font>
</p>


<hr noshade="1" width="150" align="center">
<p align="center">
  <font size="5">
    <b>FORM 8-K</b><br>
  </font>
</p>


<hr noshade="1" width="150" align="center">
<p align="center">
  <font size="3">
    <b>CURRENT REPORT</b><br>
  </font>
</p>


<p align="center">
  <font size="3">
    <b>Pursuant to Section&nbsp;13 OR 15(d) of<br>The Securities Exchange Act of 1934</b><br>
  </font>
</p>


<p align="center">
  <font size="3">
    Date of Report (Date of earliest event reported) <b>November 3, 2010</b> &nbsp; <br>
  </font>
</p>

<hr noshade="1" width="150" align="center">

<p align="center">
  <font size="5">
    <b>Hooker Furniture Corporation</b>
  </font>
   <br> <font size="2">
    (Exact name of registrant as specified in its charter)
  </font>
</p>




<!-- Registrant's State of Inc, File and IRS Number -->
<table cellpadding="0" border="0" width="100%" cellspacing="0">

   <tr valign="top">
    <td width="32%" align="center">
      <br> <font size="2">
        <b>Virginia</b>
      </font>
    </td>
     <td width="3%">
      &nbsp;
    </td>
     <td width="32%" align="center">
      <br> <font size="2">
        <b>000-25349</b>
      </font>
    </td>
     <td width="3%">
      &nbsp;
    </td>
     <td width="32%" align="center">
      <br> <font size="2">
        <b>54-0251350</b>
      </font>
    </td>
  </tr>

   <tr valign="top">
    <td width="32%" align="center">
      <font size="2">
        (State or other jurisdiction<br>of incorporation)
      </font>
    </td>
     <td width="3%">
      &nbsp;
    </td>
     <td width="32%" align="center">
      <font size="2">
        (Commission File Number)
      </font>
    </td>
     <td width="3%">
      &nbsp;
    </td>
     <td width="32%" align="center">
      <font size="2">
        (IRS Employer Identification No.)
      </font>
    </td>
  </tr>

</table>


<!-- Registrant's Postal Addess and Zip Code -->
<br><br><table cellpadding="0" border="0" width="100%" cellspacing="0">

   <tr valign="top">
    <td width="19%">
      &nbsp;
    </td>
     <td width="47%" align="center">
      <br> <font size="2">
        <b>440 East Commonwealth Boulevard, Martinsville, VA</b>
      </font>
    </td>
     <td width="2%">
      &nbsp;
    </td>
     <td width="13%" align="center">
      <br> <font size="2">
        <b>24112</b>
      </font>
    </td>
     <td width="19%">
      &nbsp;
    </td>
  </tr>

   <tr valign="top">
    <td width="19%">
      &nbsp;
    </td>
     <td width="47%" align="center">
      <font size="2">
        (Address of principal executive offices)
      </font>
    </td>
     <td width="2%">
      &nbsp;
    </td>
     <td width="13%" align="center">
      <font size="2">
        (Zip Code)
      </font>
    </td>
     <td width="19%">
      &nbsp;
    </td>
  </tr>

</table>
<p align="center">
  <font size="2">
    Registrant's telephone number, including area code: &nbsp;
    <b>(276) 632-0459</b>
  </font>
</p>

<p align="center">
  <font size="2">
  	<br /><br />
    ________________________________________________________________________________<br />
	(Former name or former address, if changed since last report)
  </font>
</p>

<!-- Simultaneous filing obligation checkboxes -->
<br><br><table cellpadding="0" border="0" width="100%" cellspacing="0">
	<tr valign="top">
	<td colspan=3>
	<font size="2">Check the appropriate box below if the Form 8-K
	filing is intended to simultaneously satisfy the filing obligation
	of the registrant under any of the following provisions:</font>
	</td>
	</tr>
	<tr valign="top">
		<td>&nbsp; &nbsp;</td>
		<td nowrap="1"><font size="2">[ &nbsp;&nbsp; ]</font></td>
		<td><font size="2">
			Written communications pursuant to Rule 425
			under the Securities Act (17 CFR 230.425)
		</font></td>
	</tr>
	<tr valign="top">
		<td>&nbsp; &nbsp;</td>
		<td nowrap="1"><font size="2">[ &nbsp;&nbsp; ]</font></td>
		<td><font size="2">
			Soliciting material pursuant to Rule 14a-12 under
			the Exchange Act (17 CFR 240.14a-12)
		</font></td>
	</tr>
	<tr valign="top">
		<td>&nbsp; &nbsp;</td>
		<td nowrap="1"><font size="2">[ &nbsp;&nbsp; ]</font></td>
		<td><font size="2">
			Pre-commencement communications pursuant to Rule 14d-2(b)
			under the Exchange Act (17 CFR 240.14d-2(b))
		</font></td>
	</tr>
	<tr valign="top">
		<td>&nbsp; &nbsp;</td>
		<td nowrap="1"><font size="2">[ &nbsp;&nbsp; ]</font></td>
		<td><font size="2">
			Pre-commencement communications pursuant to Rule 13e-4(c)
			under the Exchange Act (17 CFR 240.13e-4(c))
		</font></td>
	</tr>
</table>

<hr noshade="1">


<p>
<font size="3">
<b>Item 2.05. Costs Associated with Exit or Disposal Activities.</b>
</font>
</p>

<p>
<font size="2">

</font>
</p>



<p>
  <font size="3">
    <b>Item 2.06. Material Impairments.</b>
  </font>
</p>

<p>
  <font size="2">
    On November 3, 2010, Hooker Furniture Corporation decided to transfer and consolidate the Cherryville, NC operations and corporate offices of its Bradington-Young domestic upholstery finished goods production from Cherryville to Hickory, NC. This move will consolidate Bradington-Young's domestic upholstery finished goods production at its Hickory plant. Hooker Furniture decided to undertake the consolidation in response to the lagging recovery, continued softness in purchases of consumer durables and the emergence of a more value conscious consumer with the intent to enhance Bradington-Young's long-term competitiveness and maximize efficiencies by utilizing the newer, more efficient operations and resources available at Bradington-Young's Hickory facility.
<br><br>
Management met with the affected employees and announced the consolidation on November 8, 2010. The majority of the 121 full-time employees from the Cherryville facility will be offered transfers to the newly consolidated Hickory facility. Additionally, Cherryville corporate office employees will be offered transfers to an administration and support facility near the Hickory plant. However, some positions in Cherryville will be eliminated due to redundancy with those at the Hickory operation. Bradington-Young's leather cutting and sewing operations will remain in its separate, existing cover plant in Cherryville due to the specialized nature of that auxiliary plant for the storing, cutting and sewing of leather. The Cherryville leather cutting and sewing plant will supply the newly consolidated Hickory plant. Upon completion of the consolidation, Bradington-Young expects to save approximately $1 million annually in operating expenses.
<br><br>
Bradington-Young plans to implement the consolidation over the next 60 days and expects to be complete by mid- January 2011. Once the consolidation is finalized, management expects the Hickory plant to be operating at close to its capacity.
<br><br>
In connection with the consolidation, Hooker Furniture expects to record total restructuring and related asset impairment charges of approximately $1.7 million pretax ($1.1 million after tax, or $0.10 per share) as follows:
<ul>
	<li>Non-cash asset impairment charges of approximately $1.3 million pretax ($858,000 after tax, or $0.08 per share) to write down the Cherryville facility&#x2019;s real and personal property to estimated fair market value, which are expected to be recorded in the fiscal 2011fourth quarter;
	<li>Severance and benefit costs of approximately $312,000 pretax ($206,000 after tax, or $0.02 per share), which are expected to be recorded in the fiscal 2011 fourth quarter; and
	<li>Disassembly costs and moving costs of approximately $40,000, which are expected to be expensed as incurred during the fiscal 2011 fourth quarter.
</ul>
Hooker Furniture expects future cash expenditures related to the consolidation to be approximately $352,000, which consists of the severance and benefit costs and the disassembly and moving costs which are detailed above.
<br><br>
A copy of the press release announcing the consolidation of the Bradington-Young manufacturing operation is furnished as Exhibit 99.1 hereto.
<br><br>
Forward-Looking Statements
<br><br>
Certain statements made in this report are not based on historical facts, but are forward-looking statements.  These statements reflect our reasonable judgment with respect to future events and typically can be identified by the use of forward-looking terminology such as "believes," "expects," "projects," "intends," "plans," "may," "will," "should," "would," "could" or "anticipates," or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy.  Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.  Those risks and uncertainties include but are not limited to; when or whether we are able to implement and complete the Cherryville relocation and consolidation as expected; whether the expected number of employees will be willing to transfer to the Hickory manufacturing and administrative facilities; whether we incur higher than expected charges or cash 
expenditures related to the Cherryville relocation and consolidation; whether we will achieve anticipated operating cost savings and efficiencies when and if the Cherryville relocation and consolidation is completed; whether we experience disruptions to our domestic manufacturing operations resulting from the planned Cherryville relocation and consolidation; when and whether we will be able to dispose of the Cherryville plant and surplus or obsolete machinery and equipment at anticipated values, as well as other risk and uncertainties discussed under the heading "Forward-Looking Statements" in our Quarterly Report on Form 10-Q for the fiscal quarter ended August 1, 2010.
<br><br>
Any forward-looking statement that we make speaks only as of the date of that statement, and we undertake no obligation, except as required by law, to update any forward-looking statements whether as a result of new information, future events, or otherwise.
  </font>
</p>



<p>
  <font size="3">
    <b>Item 9.01. Financial Statements and Exhibits.</b>
  </font>
</p>

<p>
  <font size="2">
    &nbsp; &nbsp; Exhibit 99.1.  &nbsp; &nbsp; &nbsp; Press release dated November 8, 2010
  </font>
</p>

<hr noshade="1">

<!-- Registrant's Signature -->
<p align="center">
  <font size="3">
	<b>SIGNATURE</b>
  </font>
</p>

<p>
  <font size="2">
    &nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities
	Exchange Act of 1934, as amended, the Registrant has duly caused this report to be
	signed on its behalf by the undersigned hereunto duly authorized.
  </font>
</p>

<table cellpadding="0" border="0" width="100%" cellspacing="0">
   <tr valign="top">
    <td width="47%">
      &nbsp;
    </td>
     <td width="5%">
      &nbsp;
    </td>
     <td width="47%" align="center">
      <font size="2">
        <b>Hooker Furniture Corporation</b>
      </font>
       <hr noshade="1"> <font size="2">
        (Registrant)<br><br>
      </font>
    </td>
  </tr>

   <tr valign="top">
    <td width="47%" align="center">
      <font size="2">
        <b>November 8, 2010</b>
      </font>
       <hr noshade="1"> <font size="2">
        (Date)
      </font>
    </td>
     <td width="5%">
      &nbsp;
    </td>
     <td width="47%" align="center">
      <font size="2">
        <b>/s/ &nbsp; PAUL A. HUCKFELDT</b>
      </font>
       <hr noshade="1"> <font size="2">
        Paul A. Huckfeldt
      </font>
       <br> <font size="2">
        <i>Chief Accounting Officer</i>
      </font>
    </td>
  </tr>

</table>



</body>

</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>newsrelease.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<html><head><title>Bradington-Young to Consolidate Operations in Hickory, N.C.</title></head><body><p align="right">EXHIBIT 99.1</p><h3 align="center">Bradington-Young to Consolidate Operations in Hickory, N.C.</h3><p>MARTINSVILLE, Va., Nov. 8, 2010 (GLOBE NEWSWIRE) -- Hooker Furniture (Nasdaq:HOFT) will transfer the Cherryville, N.C. operations and corporate offices of its Bradington-Young leather upholstery division to Hickory, N.C., consolidating its domestic upholstery finished goods production at the company's Hickory plant.</p><p>
	"We expect that the consolidation of manufacturing operations to Hickory, Bradington-Young's newest and most efficient facility, will enhance long-term competitiveness and improve efficiencies," said Alan Cole, president of Hooker Upholstery. "The lagging recovery and the emergence of a more value conscious consumer require the most productive and efficient operating platform for every furniture company," he said. "Because of the greater efficiencies in our existing Hickory plant, the availability of highly skilled and productive labor in the area and the lower costs and fewer complexities of operating one finished goods manufacturing facility, we see this as a very positive move for Hooker and Bradington-Young. In the short-term, we expect the move will enable us to reduce redundancies and significantly lower our break-even point with the goal of achieving profitability at current sales levels. In the long-term, this can be a great launch pad for growth, as we expect a lot of good employees from Cherryvill
e will move with us, and we believe we have the property to expand the Hickory facility as needed for the foreseeable future. While domestic leather sales at Bradington-Young declined from 2005 to 2009, sales increased at a double-digit rate over the last four quarters," Cole said.</p><p>
	"The majority of the 121 employees from the 140,000-square-foot Cherryville facility will be offered transfers to the consolidated Hickory facility," Cole said. The Hickory plant, built in 1990, is nearly 100,000 square feet and currently employs 75 workers. In addition, employees from Bradington-Young's Cherryville corporate offices will be offered transfers to an approximately 30,000 square foot office and support facility near the Hickory plant. "Some positions in Cherryville will be eliminated due to redundancy with the Hickory operation," Cole said.</p><p>
	Bradington-Young's leather cutting and sewing operations will remain at its separate, existing cover plant in Cherryville due to the specialized nature of that auxiliary plant for the storing, cutting and sewing of leather. The leather cutting and sewing plant will supply the consolidated Hickory plant.</p><p>
	Bradington-Young plans to implement the consolidation over the next 60 days and expects it to be complete by mid January 2011. "Once the consolidation is finalized, we expect the Hickory plant to operate at close to its capacity," Cole said. "We believe this move will result in a strong, growing and profitable upholstery division that contributes financially to the ongoing success of Hooker Furniture," Cole said.</p><p>
	Ranked among the nation's top 10 largest publicly traded furniture sources based on 2009 shipments to U.S. retailers, Hooker Furniture Corporation is an 86-year old residential wood, metal and upholstered furniture resource.&#xA0;Major wood furniture product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand, and sold at moderate price points under the Envision Lifestyle Collections by Hooker Furniture brand. Youth bedroom furniture is sold under the Opus Designs by Hooker Furniture brand.&#xA0;Hooker's residential upholstered seating companies include Cherryville, N.C.-based Bradington-Young LLC, a specialist in upscale motion and stationary leather furniture, and Bedford, Va.-based Sam Moore Furniture LLC, a specialist in upscale occasional chairs with an emphasis on cover-to-frame customization.&#xA0;Please visit our websites at www.hookerfurniture.com, www.envisionfurniture.com, www.bradington-y
oung.com, www.sammoore.com and www.opusdesigns.com.</p><p>
	The Hooker Furniture Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=4305</p><p>
	Certain statements made in this release are not based on historical facts, but are forward-looking statements.&#xA0;These statements reflect our reasonable judgment with respect to future events and typically can be identified by the use of forward-looking terminology such as "believes," "expects," "projects," "intends," "plans," "may," "will," "should," "would," "could" or "anticipates," or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy.&#xA0;Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.&#xA0;Those risks and uncertainties include but are not limited to; when or whether we are able to implement and complete the Cherryville relocation and consolidation as expected; whether the expected number of employees will be willing to transfer to the Hickory manufacturing and administrative facilities; whether we incur higher than expected ch
arges or cash expenditures related to the Cherryville relocation and consolidation; whether we will achieve anticipated operating cost savings and efficiencies when and if the Cherryville relocation and consolidation is completed; whether we experience disruptions to our domestic manufacturing operations resulting from the planned Cherryville relocation and consolidation; when and whether we will be able to dispose of the Cherryville plant and surplus or obsolete machinery and equipment at anticipated values; as well as other risk and uncertainties discussed under the heading "Forward-Looking Statements" in our Quarterly Report on Form 10-Q for the fiscal quarter ended August 1, 2010.</p><p>
	Any forward-looking statement that we make speaks only as of the date of that statement, and we undertake no obligation, except as required by law, to update any forward-looking statements whether as a result of new information, future events, or otherwise.</p><pre>CONTACT:  Hooker Upholstery
          Alan Cole, President
          336.210.4525</pre></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
