Haverty Furniture Companies Management

Management criteria checks 3/4

Haverty Furniture Companies' CEO is Clarence Smith, appointed in Jan 2002, has a tenure of 22.33 years. total yearly compensation is $2.89M, comprised of 26.3% salary and 73.7% bonuses, including company stock and options. directly owns 5.07% of the company’s shares, worth €21.06M. The average tenure of the management team and the board of directors is 4 years and 8 years respectively.

Key information

Clarence Smith

Chief executive officer

US$2.9m

Total compensation

CEO salary percentage	26.3%
CEO tenure	22.3yrs
CEO ownership	5.1%
Management average tenure	4yrs
Board average tenure	8yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Clarence Smith's remuneration changed compared to Haverty Furniture Companies's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$46m
Dec 31 2023	US$3m	US$760k	US$56m
Sep 30 2023	n/a	n/a	US$65m
Jun 30 2023	n/a	n/a	US$72m
Mar 31 2023	n/a	n/a	US$82m
Dec 31 2022	US$3m	US$725k	US$89m
Sep 30 2022	n/a	n/a	US$90m
Jun 30 2022	n/a	n/a	US$90m
Mar 31 2022	n/a	n/a	US$91m
Dec 31 2021	US$3m	US$690k	US$91m
Sep 30 2021	n/a	n/a	US$92m
Jun 30 2021	n/a	n/a	US$86m
Mar 31 2021	n/a	n/a	US$77m
Dec 31 2020	US$2m	US$602k	US$59m
Sep 30 2020	n/a	n/a	US$40m
Jun 30 2020	n/a	n/a	US$28m
Mar 31 2020	n/a	n/a	US$20m
Dec 31 2019	US$2m	US$660k	US$22m
Sep 30 2019	n/a	n/a	US$25m
Jun 30 2019	n/a	n/a	US$27m
Mar 31 2019	n/a	n/a	US$28m
Dec 31 2018	US$2m	US$660k	US$30m
Sep 30 2018	n/a	n/a	US$24m
Jun 30 2018	n/a	n/a	US$21m
Mar 31 2018	n/a	n/a	US$21m
Dec 31 2017	US$2m	US$650k	US$21m

Compensation vs Market: Clarence's total compensation ($USD2.89M) is above average for companies of similar size in the German market ($USD1.08M).

Compensation vs Earnings: Clarence's compensation has been consistent with company performance over the past year.

CEO

Clarence Smith (72 yo)

22.3yrs

Tenure

US$2,887,694

Compensation

Mr. Clarence H. Smith has been an Independent Director at Oxford Industries, Inc. since November 4, 2003. Mr. Smith serves as a Trustee of Marist School. Mr. Smith served as President of Haverty Furniture...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Clarence Smith	Chairman & CEO	22.3yrs	US$2.89m	5.07% $ 21.1m
Steven Burdette	President	3.2yrs	US$1.39m	0.30% $ 1.2m
Richard Hare	Executive VP & CFO	7yrs	US$1.16m	0.17% $ 687.6k
J. Clary	Strategic Advisor	no data	US$1.01m	0.29% $ 1.2m
John Gill	Executive Vice President of Merchandising	5.8yrs	US$980.81k	0.19% $ 802.4k
Janet Taylor	Senior VP & General Counsel	18yrs	no data	0.37% $ 1.6m
Helen Bautista	Senior Vice President of Marketing & Digital	4.8yrs	no data	0.080% $ 333.9k
Kelley Fladger	Senior VP & Chief HR Officer	5yrs	no data	0.11% $ 462.7k
Scott Miles	Senior Vice President of Stores	3.2yrs	no data	no data
Rhonda Wolf	Senior Vice President of Merchandising	3.2yrs	no data	no data
Katie Mendolera	Senior VP of Strategic Development & Real Estate	1.2yrs	no data	no data
B. Davis	Senior Vice President of Information Technology	no data	no data	no data

4.0yrs

Average Tenure

59yo

Average Age

Experienced Management: 25F0's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Clarence Smith	Chairman & CEO	35.3yrs	US$2.89m	5.07% $ 21.1m
Vicki Palmer	Independent Director	22.5yrs	US$140.00k	0.22% $ 932.5k
J. Haverty	Non-Independent Non-Executive Director	32.3yrs	US$197.01k	0.86% $ 3.6m
Michael Cote	Independent Director	1.5yrs	US$140.00k	0.0086% $ 35.5k
Alfredo Trujillo	Independent Director	20.6yrs	US$150.00k	0.089% $ 369.9k
Derek Schiller	Independent Director	3.7yrs	US$140.00k	0.041% $ 170.3k
G. Hough	Independent Lead Director	5.8yrs	US$152.00k	0.093% $ 387.4k
Laura Dukes	Independent Director	8yrs	US$146.67k	0% $ 0
Natalie Morhous	Independent Director	no data	no data	0.020% $ 82.4k

8.0yrs

Average Tenure

63yo

Average Age

Experienced Board: 25F0's board of directors are considered experienced (8 years average tenure).

Haverty Furniture Companies Management

Management criteria checks 3/4

Key information

Recent management updates

HAVERTYS Announces Executive Changes

Haverty Furniture Companies, Inc. Appoints Natalie B. Morhous as Director

Haverty Furniture Companies, Inc., Annual General Meeting, May 06, 2024

J. Edward Clary Intends to Retire from the Position as Executive Vice President, and Chief Information Officer of Haverty Furniture Companies, Inc

Havertys Elects Michael R. Cote to Board of Directors

Haverty Furniture Companies, Inc., Annual General Meeting, May 09, 2022

Recent updates

HAVERTYS Announces Executive Changes

Haverty Furniture Companies, Inc. Appoints Natalie B. Morhous as Director

Haverty Furniture Companies, Inc. Declares Quarterly Dividend on Common Stock and Class A Common Stock, Payable on June 14, 2024

Haverty Furniture Companies, Inc. to Report Q1, 2024 Results on May 01, 2024

Haverty Furniture Companies, Inc., Annual General Meeting, May 06, 2024

J. Edward Clary Intends to Retire from the Position as Executive Vice President, and Chief Information Officer of Haverty Furniture Companies, Inc

Haverty Furniture Companies, Inc. to Report Q4, 2023 Results on Feb 21, 2024

Havertys Approves Payment of the Quarterly Cash Dividend on the Common Stock and Class A Common Stock, Payable on December 13, 2023

Haverty Furniture Companies, Inc. to Report Q3, 2023 Results on Nov 01, 2023

Haverty Furniture Companies, Inc. Declares Third Quarter Cash Dividend, Payable on September 13, 2023

Haverty Furniture Companies, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Havertys Announces Increase in Quarterly Dividend, Payable on June 21, 2023

Haverty Furniture Companies, Inc. to Report Q4, 2022 Results on Feb 21, 2023

Haverty Furniture Companies, Inc. Announces Quarterly Cash Dividend, Payable on December 13, 2022

Havertys Elects Michael R. Cote to Board of Directors

Haverty Furniture Companies, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Haverty Furniture Companies, Inc. to Report Q2, 2022 Results on Aug 02, 2022

Havertys Announces Increase in Quarterly Dividend, Payable on June 17, 2022

Haverty Furniture Companies, Inc., Annual General Meeting, May 09, 2022

HAVERTYS Declares a Cash Dividend on Common Stock of the Company, Payable on March 25, 2022

Haverty Furniture Companies, Inc. to Report Q4, 2021 Results on Feb 15, 2022

Haverty Furniture Companies, Inc. (NYSE:HVT) announces an Equity Buyback for $25 million worth of its shares.

HAVERTYS Approves Quarterly Dividend, Payable on June 16, 2021

Haverty Furniture Companies, Inc. Announces Board Changes

Haverty Furniture Companies, Inc. Announces Key Leadership Promotions, Effective March 1, 2021

Haverty Furniture Companies, Inc. to Close One Store in 2021

Haverty Furniture Companies, Inc. to Report Q4, 2020 Final Results on Feb 17, 2021

CEO Compensation Analysis

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Compensation

Leadership Team

Average Tenure

Average Age

Board Members

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