Submission of Matters to a Vote of Security Holders Form 8 K

Item 5.07. Submission of Matters to a Vote of Security Holders.

The Annual Meeting of Stockholders (the "Annual Meeting") of HG Holdings, Inc. (the "Company") was held on July 16, 2024. At the Annual Meeting, the Company's stockholders voted upon two proposals. The proposals are described in detail in the Company's definitive proxy statement, dated June 17, 2024, as filed with the United States Securities and Exchange Commission on Schedule 14A on June 17, 2024. A brief description and the final vote results for each proposal follow. As of the record date for the Annual Meeting, there were 2,813,214 shares of common stock outstanding and entitled to vote on each matter presented for vote at the Annual Meeting. At the Annual Meeting, 2,327,515 shares of common stock, or 82.74% of the outstanding shares of common stock, were represented in person or by proxy.

As a result, Mr. Sherman was elected to serve as a director for a term expiring at the Company's 2027 Annual Meeting of Stockholders.

As a result, the compensation of the Company's named executive officers was approved by the requisite vote of the Company's stockholders, on an advisory basis.

No other proposals were submitted to a vote of stockholders at the Annual Meeting.