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Companies Haverty Furniture Companies

Haverty Furniture Companies (HVT): executive pay, fiscal 2025

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CEO total pay$2,635,789CEO Steven Burdette · source
Say-on-pay support99.53%Latest vote · source
CEO vs. named peers13th pct.Of 12 peer CEOs
CEO pay ratio38:1To the median employee · source

CEO pay, last three years

  • $1,391,998FY2023
  • $1,199,124FY2024
  • $2,635,789FY2025

CEO total pay was $2,635,789 in fiscal 2025, up from $1,199,124 in fiscal 2024.

FY2025: salary $650,000 · bonus $0 · stock awards $1,072,192 · option awards $0

Executives and directors

Frequently asked questions

Who was the highest-paid executive at Haverty Furniture Companies in fiscal 2025?
As disclosed, Steven Burdette (President and Chief Executive Officer) was the highest-paid executive at Haverty Furniture Companies in fiscal 2025, with total compensation of $2,635,789.
How does Haverty Furniture Companies's chief executive pay compare to its disclosed peer group?
As disclosed, Steven Burdette's total compensation ranked at the 13th percentile of Haverty Furniture Companies's disclosed peer group.
What is Haverty Furniture Companies's CEO-to-median employee pay ratio?
As disclosed, Haverty Furniture Companies's CEO-to-median employee pay ratio was 38:1.
How did shareholders vote on Haverty Furniture Companies's executive compensation?
As disclosed, 99.53% of shareholders supported Haverty Furniture Companies's executive compensation in the latest say-on-pay vote.
How much does Haverty Furniture Companies spend in total on board compensation for fiscal 2025?
As disclosed, Haverty Furniture Companies reported total board compensation of $1,333,333 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table
Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Steven Burdette$650,000$0$1,072,192$0$844,350$23,892$45,355$2,635,789
President and Chief Executive Officer
Clarence Smith600,0000448,8210586,80066,09445,5941,747,309
Executive Chairman
Richard Hare485,0000435,3550442,708034,4471,397,510
Executive Vice President, Chief Financial Officer
John Gill440,0000329,1430372,94410,92532,8991,185,911
Executive Vice President, Merchandising

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Steven Burdette$2,635,789$1,199,124$1,391,998↑ +1,436,665
Clarence Smith1,747,3092,604,8542,887,694↓ −857,545
Richard Hare1,397,5101,028,8101,160,584↑ +368,700
John Gill1,185,911877,521980,808↑ +308,390

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Our goal is to attract and retain talented executives who deliver value to our stockholders by achieving Havertys’ business objectives which drive sustained sales, EBITDA growth, cash flow, and returns to stockholders. Our executive compensation program and overall pay-for-performance philosophy align with that goal and our results, emphasizing variable compensation over fixed pay.

CEO STI target (% of salary)—
CEO LTI target (% of salary)—
Independent consultantMeridian Compensation Partners, LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingtrue
Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Steven BurdetteRSU2025-01-23——9,348—$214,443
Richard HarePSU2025-01-234,25110,628—18,599243,806
Steven BurdettePSU2025-01-2311,96529,913—52,348686,204
Clarence H. SmithPSU2025-01-235,00912,522—21,914287,255
John GillRSU2025-01-23——4,304—98,734
Richard HareRSU2025-01-23——5,693—130,597
Steven BurdettePSU2025-01-232,9917,478—11,217171,545
John GillPSU2025-01-238042,009—3,01446,086
Richard HarePSU2025-01-231,0632,657—3,98660,952
John GillPSU2025-01-233,2148,035—14,061184,323
Clarence H. SmithPSU2025-01-231,2523,130—4,69571,802
Clarence H. SmithRSU2025-01-23——3,913—89,764

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Steven Burdette$214,443$857,749$080.0%
Richard Hare130,597304,758070.0%
Clarence H. Smith89,764359,057080.0%
John Gill98,734230,409070.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
John GillRSU564—$13,175
Richard HareRSU752—17,567
Steven BurdetteRSU888—20,744
John GillRSU1,792—41,861
John GillRSU2,009—46,930
Richard HareRSU2,389—55,807
Richard HareRSU2,657—62,068
SmithRSU2,747—64,170
Steven BurdetteRSU2,822—65,922
John GillRSU2,829—66,085
John GillRSU2,914—68,071
SmithRSU3,130—73,117
Richard HareRSU3,494—81,620
Richard HareRSU3,600—84,096
SmithRSU3,913—91,408
Steven BurdetteRSU4,160—97,178
John GillRSU4,252—99,327
Steven BurdetteRSU4,286—100,121
John GillRSU4,304—100,541
SmithRSU5,296—123,715
Richard HareRSU5,669—132,428
Richard HareRSU5,693—132,988
Steven BurdetteRSU6,697—156,442
Steven BurdetteRSU7,478—174,686
John GillRSU8,035—187,698
SmithRSU8,146—190,291
Steven BurdetteRSU9,348—218,369
Richard HareRSU10,628—248,270
SmithRSU12,522—292,514
SmithRSU14,091—329,166
SmithRSU20,722—484,066
Steven BurdetteRSU29,913—698,768
Director compensation
DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
G. Thomas HoughIndependent · Lead Independent Director · Audit · Nominating, Compensation and Governance · Executive (Chair) · Lead Director$85,000$95,000——$0$180,000
Al TrujilloIndependent · Audit (Chair) · Nominating, Compensation and Governance · Executive85,00095,000——0180,000
L. Allison DukesIndependent · Nominating, Compensation and Governance (Chair) · Executive75,00095,000——0170,000
Vicki R. PalmerIndependent · Audit70,00095,000——0165,000
Michael R. CoteIndependent · Audit70,00095,000——0165,000
Derek G. SchillerIndependent · Nominating, Compensation and Governance65,00095,000——0160,000
Natalie B. MorhousIndependent · Nominating, Compensation and Governance63,33395,000——0158,333
Rawson Haverty JrNot independent60,00095,000——0155,000
Clarence H. SmithEmployee director · Board Chair · Executive · Chairman of the Board—————0
Steven G. BurdetteEmployee director · Executive · Newly elected—————0
E. Kendrick SmithNot independent · Newly elected——————

Board fee structure and ownership guideline

Annual cash retainer$60,000
Annual equity retainer$95,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)20,000 / 15,000
Stock ownership guideline$5

Total cost of the board

ComponentFY2025
Cash retainers and fees$573,333
Equity awards (grant-date value)$760,000
All other compensation$0
Total cost of the board$1,333,333

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

Peer group, and who names Haverty Furniture Companies as a peer

Companies that benchmark against HVT

5 companies name HVT as a compensation peer

The list of companies that name HVT as a peer is temporarily unavailable — recheck shortly.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

Peer reciprocity

The companies Haverty Furniture Companies names as compensation peers that name it back in their own disclosed peer groups.

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1HNI Corporation2025Jeffrey Lorenger$1,056,740$5,092,316$0$1,787,404$8,218,947
2La-Z-Boy Incorporated2026Melinda Whittington1,063,0004,711,84701,261,7197,295,975
3Interface, Inc.2025Laurel Hurd930,0002,821,99901,769,3255,651,488
4Oxford Industries, Inc.2025Thomas Chubb III900,0003,942,2050388,4405,529,136
5American Woodmark Corp.2025M. Scott Culbreth957,5773,208,4460696,3504,886,047
6Arhaus Inc.2025John Reed1,499,680001,349,7124,649,751
7Ethan Allen Interiors Inc.2026M. Farooq Kathwari1,150,0501,518,0020531,3003,253,570
8Haverty Furniture Companies2025Steven Burdette650,0001,072,1920844,3502,635,789
9Flexsteel Industries, Inc.2026Derek Schmidt600,000839,9180972,0002,469,412
10Culp, Inc.2026Robert Culp519,231500,000001,129,772
—Sleep Number Corporation——————not in coverage universe
—Tile Shop Holdings, Inc.——————not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Haverty Furniture Companiesnot disclosedPRSU 80 · RSU 20not disclosedMeridian Compensation Partners, LLC
American Woodmark Corp.60.75%RSU 50 · PSU 50NoMeridian Compensation Partners
Arhaus Inc.not disclosednot disclosedYes — relative total shareholder return (TSR)Aon plc
Culp, Inc.not disclosednot disclosednot disclosedPearl Meyer & Partners, LLC
Ethan Allen Interiors Inc.not disclosednot disclosednot disclosednot disclosed
Flexsteel Industries, Inc.not disclosednot disclosednot disclosedMeridian Compensation Partners, LLC
HNI Corporation140%PSU 50 · RSU 50NoExequity LLP
Interface, Inc.152.2%PSU 50 · RSU 50NoPearl Meyer & Partners
La-Z-Boy Incorporatednot disclosedRSU 50 · PSU 50not disclosedFrederic W. Cook & Co., Inc.
Oxford Industries, Inc.43%not disclosedYes — Total Shareholder Return (TSR) relative to comparator groupMeridian Compensation Partners, LLC
Sleep Number Corporationnot disclosednot disclosednot disclosedFrederic W. Cook & Co., Inc. (FW Cook)
Tile Shop Holdings, Inc.not disclosednot disclosednot disclosednot disclosed

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio
Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-1122,822,106107,62626,93599.53%Passed
20252025-05-1223,050,213490,47752,60897.92%Passed
20242024-05-0623,251,571497,88340,67797.9%Passed
20232023-05-0821,932,71098,9746,22599.55%Passed
20222022-05-0922,868,636402,01355,37898.27%Passed
20212021-05-1025,273,333278,06252,68698.71%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting yearMeeting dateApproval — company’s computation
20262026-05-1199.53%a
20252025-05-1297.92%b
20242024-05-0697.9%c

a. Approved under the standard stated in the filing — “Advisory Vote on Executive Compensation -- Combined majority of votes cast in person or by proxy”.

b. Approved under the standard stated in the filing — “Advisory Vote on Executive Compensation -- Combined majority of votes cast in person or by proxy | Abstentions: No effect”.

c. Approved under the standard stated in the filing — “An "abstention" will have no effect on the vote's outcome, because an abstention does not count as a vote under Maryland law, and under our bylaws, the candidates who receive the highest number of "for" votes are elected.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)38 : 1
CEO total compensation$2,635,789
Median employee compensation$70,174
Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (46 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

  • Section 01, Steven Burdette. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 30. As printed: 2,635,789. View filing ↗
  • Section 01, Clarence Smith. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 30. As printed: 1,747,309. View filing ↗
  • Section 01, Richard Hare. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 30. As printed: 1,397,510. View filing ↗
  • Section 01, John Gill. DEF 14A, filed 2026-03-27. Section “Summary Compensation Table” · page 30. As printed: 1,185,911. View filing ↗
  • Section 03, Steven Burdette RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Richard Hare PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Burdette PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Clarence H. Smith PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, John Gill RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Richard Hare RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Steven Burdette PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, John Gill PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Richard Hare PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, John Gill PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Clarence H. Smith PSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 03, Clarence H. Smith RSU. DEF 14A, filed 2026-03-27. Section “Grants of Plan Based Awards Table” · grants of plan-based awards table. View filing ↗
  • Section 07, pay ratio. DEF 14A, filed 2026-03-27. Section “CEO Pay Ratio”. As printed: 38 : 1. View filing ↗
  • Section 08, G. Thomas Hough. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 180,000. View filing ↗
  • Section 08, Al Trujillo. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 180,000. View filing ↗
  • Section 08, L. Allison Dukes. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 170,000. View filing ↗
  • Section 08, Vicki R. Palmer. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 165,000. View filing ↗
  • Section 08, Michael R. Cote. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 165,000. View filing ↗
  • Section 08, Derek G. Schiller. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 160,000. View filing ↗
  • Section 08, Natalie B. Morhous. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 158,333. View filing ↗
  • Section 08, Rawson Haverty Jr. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 155,000. View filing ↗
  • Section 08, Clarence H. Smith. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, Steven G. Burdette. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: 0. View filing ↗
  • Section 08, E. Kendrick Smith. DEF 14A, filed 2026-03-27. Section “Director Compensation”. As printed: —. View filing ↗
  • Section 06, 2026 vote. Form 8-K, filed 2026-05-14. Item 5.07 · say-on-pay result. As reported: 99.53% (votes for as printed: 22,822,106). View filing ↗
  • Section 06, 2025 vote. Form 8-K, filed 2025-05-14. Item 5.07 · say-on-pay result. As reported: 97.92% (votes for as printed: 23,050,213). View filing ↗
  • Section 06, 2024 vote. Form 8-K, filed 2024-05-08. Item 5.07 · say-on-pay result. As reported: 97.9% (votes for as printed: 23,251,571). View filing ↗
  • Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
  • Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
  • Section 09b board cost (computed). Computed. Cash 573,333 + equity 760,000 + all other 0 = 1,333,333, summed across the director compensation table rows.
  • HNI Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-25. CEO total compensation as printed in HNI Corporation's own proxy. As printed: 8,218,947. View filing ↗
  • La-Z-Boy Incorporated, Section 10b CEO total. DEF 14A, filed 2026-07-15. CEO total compensation as printed in La-Z-Boy Incorporated's own proxy. As printed: 7,295,975. View filing ↗
  • Interface, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-01. CEO total compensation as printed in Interface, Inc.'s own proxy. As printed: 5,651,488. View filing ↗
  • Oxford Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-05-13. CEO total compensation as printed in Oxford Industries, Inc.'s own proxy. As printed: 5,529,136. View filing ↗
  • American Woodmark Corp., Section 10b CEO total. DEF 14A, filed 2025-06-25. CEO total compensation as printed in American Woodmark Corp.'s own proxy. As printed: 4,886,047. View filing ↗
  • Arhaus Inc., Section 10b CEO total. DEF 14A, filed 2026-04-02. CEO total compensation as printed in Arhaus Inc.'s own proxy. As printed: 4,649,751. View filing ↗
  • Ethan Allen Interiors Inc., Section 10b CEO total. DEF 14A, filed 2026-09-24. CEO total compensation as printed in Ethan Allen Interiors Inc.'s own proxy. As printed: 3,253,570. View filing ↗
  • Haverty Furniture Companies (subject), Section 10b CEO total. DEF 14A, filed 2026-03-27. CEO total compensation as printed in Haverty Furniture Companies's own proxy. As printed: 2,635,789. View filing ↗
  • Flexsteel Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-10-23. CEO total compensation as printed in Flexsteel Industries, Inc.'s own proxy. As printed: 2,469,412. View filing ↗
  • Culp, Inc., Section 10b CEO total. DEF 14A, filed 2026-08-13. CEO total compensation as printed in Culp, Inc.'s own proxy. As printed: 1,129,772. View filing ↗
  • Section 10a, Arhaus Inc. reciprocity. DEF 14A. Arhaus Inc. names Haverty Furniture Companies in its own disclosed peer group (read from its most recent proxy). View filing ↗
  • Section 10a, Ethan Allen Interiors Inc. reciprocity. DEF 14A. Ethan Allen Interiors Inc. names Haverty Furniture Companies in its own disclosed peer group (read from its most recent proxy). View filing ↗
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