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Choose My Signature. The Stanley line includes furniture for bedrooms, dining rooms, home offices, living rooms, and entertainment rooms. Belfort Furniture offers great quality furniture, at a low price to the Washington DC, Northern Virginia, Maryland and Fairfax VA area. Thomas Stanley promised that no one at Stanley Furniture Company would lose his job. He can be reached at tom@homenewsnow.com and at 336-508-4616. The Company's current operating status is INACTIVE Retired Stanley Furniture Co. executives won their lawsuit seeking nearly $700,000 in unpaid deferred compensation, after a federal judge in Virginia ruled that financial hardships exacerbated by the Covid-19 pandemic were no excuse for the company to stop these payments. DANVILLE, Va. A judge here has issued a summary judgment that says former executives of Stanley Furniture are entitled to receive pay they are owed under a company deferred compensation plan. Stanley himself took a pay cut of 125 percent, cutting his monthly income from $750 to $333.33. (Mem. The company planned to utilize state-of-the-art equipment, computerized routers, and ergonomic design for maximum safety, comfort, and quality with a long-term goal of shipping customer orders in an average of two weeks. (read more) Stanley Furniture | Featured Collections Stanley Furniture Company 2.0, LLC is located at 1641 Fairystone Park Stanleytown, VA 24168-3058. As the furniture was introduced in Grand Rapids, Michigan; Chicago, Illinois; and New York, it was met with enthusiasm. Stanley Furniture 4.7 Since 1924, our goal has remained the same: manufacture high quality furniture at a price the average American family could afford. Each plan initially aimed to pay the deferred compensation over years, and perhaps decades. A public offering of 1.7 million shares of common stock followed in July 1993. His employer, J.D. Designer It also owed its creditors $974,793. })(); What is your Profession? Stanley borrows from virtually every decade- from Art Deco to Modern - their collections unified by unmatched quality. From $303.11 $394.04. Roaring Business for a Roaring Era: 1920s. The Beginning of a Tradition: 1924 Stanley Furniture was founded in 1924 by Thomas B. Stanley, a farmer-turned-industrialist, who later became governor of Virginia. Privacy Policy. With such great qualities, outstanding designs, and wonderful features, Stanley home furniture invites you to find your design for living. } All rights reserved. Their business is recorded as corp. Stanley Furniture Co Inc Information. That year, Stanley announced a $2.7 million expansion program which, by the time it was completed, cost $4 million. or Best Offer. While building the first Stanley Furniture factory, Stanley decided to build a company town along with it. Thomas Stanley had a different goal, however. Ashley Furniture 8 Inch Chime Innerspring Mattress in a Box. Welcome to Stanley Furniture Company We are located in Stanleytown, VA United States of America. There are three variants; a typed, drawn or uploaded signature. 43,714 lbs. At the time, legal documents noted, this seemed to be a good option for the executives, given that the monies would accrue interest. A perfect place to begin is with our selection of brands. From $252.97 $328.86. Manufacturer 4701 COX ROAD SUITE 285, GLEN ALLEN, Virginia 23060-0000 Date published: Oct 14, 2021. 1641 Fairystone Park Hwy, Stanleytown, VA 24168, View similar Furniture Manufacturers Equipment & Supplies, Furniture Manufacturers Equipment & Supplies. Stanley Furniture Company Sep 1998 - May 2013 14 years 9 months. (function() { Thomas B. Stanley serves as Speaker of the House of Delegates. Stanley Furniture Headboard Bookcase Twin Wood Storage MUST SELL ASAP. Stanley Furniture Co Inc: Furniture Warehouse 1641 Fairystone Park Hwy Stanleytown, VA 24168-0000 Specialty: Furniture-Manufacturers Phone: (276) 627-2000 County: Henry Many original Stanley furniture was created in the Mid-Century Modern style in North America during the 20th century. Please Call (423) 929-7283 Brands Living Room Dining Room Bedroom Entertainment Home Office Accessories Stanley Furniture Stanley Furniture was founded in 1924 by Thomas B. Stanley, a farmer-turned-industrialist, who later became Governor of the Commonwealth of Virginia. However, they do not represent the amount of pay that would be accrued and need to be paid out in future years, an amount that could far exceed what is owed to date. window.mc4wp.listeners.push( 1988:Albert Prillaman is named chairman, CEO, and president. Polluter data was obtained from the Toxic Release Inventory Program. 5 out of 5 stars (15) . for Summ. Then, beginning in 1979, the company became part of several leveraged buyouts. So I Googled the number 1-877-772-4858 and all I got was a voicemail stating that I should refer to the website or email them. visit The company projected that nearly 50 million American households would have home offices by the year 2002. listeners: [], Stanley Furniture was an inevitable choice for inclusion in the Savannah Collections portfolio of leading furniture designers. Under the purchase agreement, the two companies agreed that S&L would assume all SFCs liabilities and obligations under the SERP under the condition that they do not exceed an aggregate of $1,779,939. Consider the possibilities for your home. Stanley Furniture Company insights Based on 3 survey responses What people like Support from manager Stanley defendants believe the language of the plan allows them to curb benefits during financially stressful times. According to court documents, the DCP amount owed to date to 17 former executives is $603,940.61 plus interest. In re Intelligent Surveillance Corp. No Place Like Home. As the Stanley Furniture Company took shape so did Stanleytown--streets were laid and some 100 homes were built. Stanley Furniture Company - Stanleytown VA +1 276-627-2000. Because the S&L defendants have not reached the cap on their obligations, this argument does not excuse their non-compliance with the terms of the SERP., In a footnote, the court added, given the advanced age of many of the beneficiaries, it is possible that they will never reach the cap.. In 1994 the company discontinued production of custom window treatments and bedcoverings and instead introduced upholstered furniture with a popular Saturday Evening Post/Norman Rockwell theme. Stanley's goal was to manufacture high quality furniture at a price that Americans could afford, and he was succeeding. Luxdecor told me it was up to me to contact Stanley Furniture directly and that I would have to find the number. Stanley Furniture Company, Inc. 1641 Fairystone Park Highway Stanleytown, Virginia 24168 PROXY STATEMENT ANNUAL MEETING OF STOCKHOLDERS April 26, 2005 The enclosed proxy is solicited by and on behalf of the Board of Directors of Stanley Furniture Company, Inc. (the "Company") for use at the Nothing on this page may be copied or reproduced without explicit permission. 'We are very pleased with our first quarter performance, especially considering that we were starting up a new factory and lost production due to inclement weather in January,' he said. Phone Number (276) 634-0168. That same year, a fire damaged the Stanleytown plant, temporarily eliminating 12 percent of the company's manufacturing facilities. An owner of the company also told Home News Now that Stanley will appeal the ruling. If you would like additional information about Stanley Furniture Co Inc or any of Stanleytown listed be sure to contact the number listed. Jul 9, 2008 LEXINGTON, N.C. (AP) -- A Virginia-based furniture company plans to consolidate its North Carolina production, cutting 350 jobs in Lexington and adding 200 in Robbinsville. Fax: (276) 634-0168 Write a review. Was: $524.99. While Stanley pursued his political career, he remained dedicated to the company he had founded. Another growth area was in the home office category. Martin Plaza Furniture Outlet. Stanley Furniture (1 - 40 of 485 results) Price ($) Shipping STANLEY FURNITURE Cherry Mission Style Full Size Low Post Slatted Bed 287-14-138 HighEndUsedFurniture (356) $724.99 Stanley Furniture Italian Provincial Walnut & Lattice China Cabinet Cupboard 75" SchearBrothers (765) $680.00 $800.00 (15% off) FREE shipping in Supp. The filing went on to say that Stone & Leigh that only had $19,374 in cash on hand at the end of 2021. Two other family members were associated with the company from the beginning, nephew Fred A. Stanley and brother John W. Stanley. Stanley Furniture Stanley FurnitureSince 1924, the goal of the Stanley Furniture Company has been to manufacture high quality furniture at a price the average American family could afford. Stanley Furniture Co is located in Henry County in the city of Stanleytown, VA. DANVILLE, Va. A judge here has issued a summary judgment that says former executives of Stanley Furniture are entitled to receive pay they are owed under a company deferred compensation plan. 1993:Company initiates public offering of 1.7 million shares of common stock; fire damages portion of Stanleytown, Virginia, manufacturing facility. STANLEY FURNITURE COMPANY, INC. STANLEY FURNITURE COMPANY, INC. (Entity ID: F0518334) was incorporated on 1986-08-19 in Virginia. It has a total of 2 trucks and 2 drivers. Retailer Mead owned the company for ten years. These amounts represent deferred payments that have accrued up to present. All other marks contained herein are the property of their respective owners. From $262.09 $340.71. Save 23%. Successful in both industry and government, Thomas Bahnson Stanley was respected by his colleagues. ); In April 2000, Prillaman commented on the company's long stretch of record earnings. From 1925 through 1928, the company's profits steadily grew, as did the feverish pitch on Wall Street. Finally, we can read about how these great companies came about with Company Histories.. Stone & Leigh, (S&L) which purchased several of Stanley Furnitures (SFC) assets in 2018, accepted some of SFCs deferred compensation obligations, the filing noted. However, the plaintiffs contested both positions, seeking damages equal to what they are owed, plus prejudgment interest and attorneys fees, plus declaratory judgments securing their entitlements to future benefits. $290.00 shipping. The employees accepted the cut as well as agreeing to work ten hours of time for nine hours of pay. Full review of Stanley Furniture Company Click here for map, brand info, photos, videos, news and testimonials on DesignBiz.com. STANLEY FURNITURE Concentrics Collection White Washed King Size Headboard 529. Address 140 HOLLIE DR MARTINSVILLE, VA 24112-1343 Tel: (276) 634-0134. Their business is recorded as corp. . Address: 1641 Fairystone Park Hwy, Stanleytown, VA 24168, 1101 Brookdale St Ste A, Martinsville, VA 24112, 3525 Fairystone Park Hwy, Bassett, VA 24055, 2420 Virginia Ave, Collinsville, VA 24078, 1830 Fairystone Park Hwy, Bassett, VA 24055, 2380 Greensboro Rd, Martinsville, VA 24112, 195 Clyde Prillaman St, Fieldale, VA 24089, 1307 Memorial Blvd, Martinsville, VA 24112. Prepandemic, Stanley only had $23,009 cash on hand in January 2020, which the court said was 26 times what it currently owes the plaintiffs. HIGH POINT, N.C. Stanley Furniture Company, a leading designer and manufacturer of quality, stylish wood furniture, announced today that its Stanley Furniture brand has received the Port of Virginia's Shipper of the Year award.
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