Havertys Announces Second Quarter Cash Dividend and Promotions

By GlobeNewswire,  May 13, 2014, 05:30:00 PM EDT


Atlanta, Georgia, May 13, 2014- HAVERTYS (NYSE: HVT and HVT.A) announced today that, on May 13, 2014, its board of directors 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 $0.08 per share on the common stock and $0.075 per share on the Class A common stock.  The dividend is payable Wednesday, June 11, 2014 to stockholders of record at the close of business on Wednesday, May 28, 2014.  Havertys has paid a cash dividend in each year since 1935.

The board also is pleased to announce four promotions.

Richard Gallagher was promoted to executive vice president, merchandising.  He began his career with Havertys as a salesperson in 1988 and after 15 years of progressively challenging positions from store manager to market area manager, he joined the corporate office team and was promoted to assistant vice president, store operations in 2004. His knowledge of furniture quality and style, and aptitude for product selection were evident, and in 2005 he was named vice president, merchandising.  He was promoted to senior vice president, merchandising in 2009 and in 2013, assumed oversight responsibilities for both our marketing and supply chain functions.  He is responsible for all of our product offerings, merchandising and promoting our brand. Mr. Gallagher earned his BA from Florida State University.

Bonnie Berry was promoted to vice president, human resources.  She has served Havertys for 30 years and has overseen a number of significant changes in our personnel arena.  Ms. Berry was named assistant vice president, human resources in 1997 and was also assistant secretary from 1997 to 2004.  She reports to Allan DeNiro, senior vice president, chief people officer.  Her areas of focus are employee relations, staffing, benefits, and compensation.  Ms. Berry holds a BA from Georgia State University and is a Certified Employee Benefits Specialist and a Senior Professional in HR.

Greg Johnson was promoted to vice president, distribution. He began his career with Havertys in 1986 in our Dallas market and held various positions in warehousing and operations before being named the Dallas warehouse manager in 1997.  Mr. Johnson was promoted to director of distribution in 2008 and assistant vice president in 2012.  He reports to Ed Clary, CIO and senior vice president, distribution and is responsible for Havertys' warehousing and home delivery operations covering more than 16 states and 1,100 employees.

Jim Presmanes was promoted to vice president, risk management and insurance.  He joined the company in 1992 and was named assistant vice president in 2000.  Mr. Presmanes reports to Rawson Haverty, Jr., senior vice president, real estate and development.  He is responsible for managing the company's property and casualty insurance plans and leads our enterprise-wide risk assessment process.  Mr. Presmanes holds an MBA in Risk Management and Insurance and an MS in Finance from Georgia State University.

Clarence H. Smith, chairman, president and chief executive officer said, "We are pleased to promote these experienced professionals in these diverse and critical functions of our business."

Havertys (NYSE: HVT and HVT.A), established in 1885, is a full-service home furnishings retailer with 119 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 at www.havertys.com.

Contact:

Havertys 404-443-2900

Jenny Hill Parker

       SVP, finance, secretary and treasurer

SOURCE:  Havertys







This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Haverty Furniture Company via Globenewswire

HUG#1785202



This article appears in: News Headlines

Referenced Stocks: HVT


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