Havertys Elects New Director and Announces Quarterly Cash Dividend
August 07 2018 - 4:40PM
HAVERTYS (NYSE: HVT and HVT.A) announced today that its board of
directors elected G. Thomas Hough to the company’s board. He will
also serve on the board’s Audit Committee.
Mr. Hough, 63, retired as Vice Chair of Ernst
& Young LLP in 2014 after serving that firm for 35 years. He
steered significant components of the firm serving as Vice Chair of
Human Resources from 1996 to 2000, Vice Chair and Southeast Area
Managing Partner from 2000 to 2009 based in Atlanta and America’s
Vice Chair of Assurance from 2009 to 2014 based in New York. He
currently serves as a director of Publix Super Markets, Inc.,
Equifax, Inc., and the Federated Fund Family. He is also active in
a number of charitable organizations, as well as serving as a
member of the President’s Cabinet and Business School Board of
Visitors of the University of Alabama. Additionally, he serves
on the Business School Board of Visitors of Wake Forest
University.
“We are very pleased to have Tom join the
Havertys board,” said Clarence H. Smith, chairman, president, and
CEO. “His impressive career with Ernst & Young and experience
in accounting, corporate governance and risk management will make
him an outstanding addition to our board.”
The board of directors also declared a cash
dividend to be paid on the outstanding shares of the two classes of
$1 par value common stock of the company at a rate of $0.18 per
share on the common stock and $0.17 per share on the Class A common
stock. The dividend is payable on September 7, 2018 to shareholders
of record at the close of business on August 22, 2018. Havertys has
paid a cash dividend in each year since 1935.
About Havertys
Havertys (NYSE: HVT and HVT.A), established in
1885, is a full-service home furnishings retailer with 121
showrooms in 16 states in the Southern and Midwestern regions
providing its customers with a wide selection of quality
merchandise in middle to upper-middle price ranges. Additional
information is available on the Company’s website
havertys.com.
Contact:Havertys 404-443-2900Jenny Hill
Parker SVP, finance, secretary and
treasurer
SOURCE: Havertys
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