Ron Wanek Founded Arcadia Furniture in Arcadia, WI for the Past 75 Years, We’Ve Taken Pride in Not Just Building Beautiful, Affordable Furniture with 35 Employees

World’s Largest Manufacturer of Furniture 75 Years of Innovation Guiding Principles

VISION CORE VALUES We want to be Honesty and Integrity the best furniture Be forthright. company Who we are. Where we are going. Passion, Drive, Discipline Give everything you have to your job. In 1970, Ron Wanek founded Arcadia Furniture in Arcadia, WI For the past 75 years, we’ve taken pride in not just building beautiful, affordable furniture with 35 employees. The company’s but consistently innovating in new technologies, new materials and new ways to increase Continuous Improvement + facility was a 35,000-square-foot THEN speed to market. In fact, this is what we’ve become known for. factory that manufactured 11 types Operational Excellence of occasional tables, and generated 35 EMPLOYEES Our global supply chain and team of 30,000+ worldwide employees are aligned on this Know the business. $350,000 in revenue its first year. vision and mission. As the world’s largest manufacturer of furniture, we strive to exceed the 35,000 SQ. FT. expectations of our retail partners and consumers in more than 155 countries across the MISSION $350,000 REVENUE globe. Ashley understands that the real secret to success is sustaining it. Improve Quality Dirty Fingernail Ashley has successfully managed 17 major rebirths due, in no small part, to extensive market “You get what you inspect, not what you research and productive capital investments. Our company is constantly looking for ways to expect.” –Ron Wanek innovate by strategically developing new products and aggressively tailoring our operations Reduce Cost to address the demands of our customers. Growth Focused Since 1945, our teamwork, systems and desire to continuously improve demonstrates a Do More Business Always dominate and be in a #1 position in company whose passion is put into every action. Ashley’s vision is, “We want to be the best furniture company.” We strive for nothing less than earning the loyalty and trust of our the furniture industry. employees and customers every day. Be Proﬁtable

The best is yet to come and we look forward to transforming operations, factories and communities GROWTH VALUES Today we employ even more in our next 75 years of business. Stay in Business state-of-the-art factories, Customer Centric R&D labs, technology and robotics to consistently

Deliver on what is promised to the customer. NOW deliver the fastest-to- market, most reliable, comfortable, on-trend Todd R. Wanek Boundaryless furniture across the President & CEO Work for the greater good of the organization. globe. Efficient, reliable and innovative is how we describe our people, too. A Culture of Leadership Lead at every level in the organization. 30,000+ EMPLOYEES 30,000,000+ SQ. FT. $6.5 BILLION REVENUE

2 ASHLEY FURNITURE INDUSTRIES 3 4 ASHLEY FURNITURE INDUSTRIES 1982 – Arcadia 2015 – Ashley Furniture Corp. and establishes Ashley Ashley Furniture 1986 – Millennium HomeStore Retail Corp. merge into Concept: Ron Headquarters in one company – Wanek and his Tampa (Ybor City), Ashley Furniture design team Florida. 2019 – Ashley Industries, Inc.® develop a unique HomeStore opens (Ashley) corporate polyester finishing 1996 – Ashley Ashley HomeStore 2009 – Ashley 1,000th store. 1970 – Arcadia offices are technique that introduces leather launches e-commerce launches mattress Furniture relocated from gives wood upholstery. website, providing a line, Ashley-Sleep®. 2017 – Ashley makes Corporation Chicago, Illinois to 1984 – As furniture an 1992 – Ashley’s seamless customer Ashley Todd Wanek major investments formed by Ron 1974 – The furniture Arcadia, Wisconsin. imports take impeccable intermodal rail 2000 – First shopping experience welcomes Baby becomes in technology Wanek and company develops its over the table luster. This is the yard is established, international 2005 – Ashley across numerous and Ready to further solidifying its other investors own transportation Ron Wanek business, Ashley largest product the only one in President Ashley Furniture becomes the devices and provides Assemble (RTA) place as a leader in opens in Arcadia, fleet, now one of the becomes begins overseas line investment Wisconsin and one of Ashley HomeStore world’s largest an omni-channel furniture as new advanced automated WI, producing largest private fleets majority trading and ever made in the of seven private Furniture opens in Aichi, manufacturer of Ashley launches experience for the product lines. manufacturing. occasional tables. in the nation. stockholder. manufacturing. furniture industry. yards in the U.S. Industries. Japan. furniture. accessories division. customer.

Ashley celebrates its 1970 1974 1982 1984 1986 1992 1996 2000 2005 2009 2015 2017 2019 75th anniversary. Our Celebrated 1970S 1980S 1990S 2000S 2010S 2010S 2020 History

1945 – Ashley Furniture Corporation founded 1972 1976 1983 1985 1988 1994 1997 2002 2007 2012 2016 2018 and began selling occasional tables. 1972 – Ashley 1976 – Ownership 1983 – Ashley begins 1985 – Ashley begins 1988 – Ashley 1994 – Ashley 1997 – The first Ashley 2002 – Ashley 2007 – Ashley 2012 – Ashley 2016 – Ashley 2018 – Ashley invests introduces transition and manufacturing manufacturing dining begins using various establishes a HomeStore opens in establishes its HomeStore accelerates the introduces outdoor heavily into direct-to- 17 Major Rebirths wall systems. restructuring bedroom furniture. room furniture. combinations of manufacturing Anchorage, Alaska. first international passes Walmart expansion of its furniture. consumer delivery. occurs. The glass, marble, steel, facility in Ecru, MS manufacturing to become the #1 international 1970 Occasional Tables 2009 Mattresses company and wood to their adding upholstery and distribution retailer of furniture retail presence. 1972 Wall Systems 2015 E-commerce/ evaluates product product designs. to its product super plant in and bedding in the Omni-Channel line, expands lineup. Kunshan, China. United States. 1983 Bedroom and retools its 1984 Global Sourcing 2016 Outdoor Furniture facilities. 1985 Dining Room 2017 Technology, Automation, and 1986 Millennium Line Robotics (Largest product line Ashley introduces investment ever made in 2018 Direct to motion upholstery, the furniture industry) Consumer Delivery including recliners. 1994 Upholstery 2019 Ready to Assemble 1996 Leather Upholstery Furniture (RTA) 1997 Ashley HomeStore 2020 Supply Chain Todd Wanek becomes CEO of 1997 Motion Upholstery Ashley Furniture Industries. Design to Delivery

WE ARE MAKERS. WE’RE NOT JUST A PART OF THE PRODUCT LIFE CYCLE. It’s About WE’RE IN ALL OF IT. Passion Products are reviewed at all stages in our supply chain to ensure consistent quality, design and value.

GREAT PRODUCT DESIGN DOESN’T END WITH A GREAT SKETCH.

Talented and ambitious, our engineers and designers travel the world to gain an understanding of the latest trends, customer feedback and emerging WE DESIGN IT WE SHIP IT materials and technologies, working closely with Perfect pieces for every major Our products are shipped one another to ensure that the product is properly room in the home across 20 locally to retailers and executed. This approach contributes to Ashley's ease categories, indoors and out. customers from the nearest of manufacturing, cost control and speed to market. distribution center, allowing for reduced shipping costs and delivery times.

Everything For The Home WE BUILD IT WE DELIVER IT 30,000,000+ sq. ft. We deliver value. From the WE HAVE OVER 13,000 SKUS IN 20 PRODUCT CATEGORIES. of manufacturing and manufacturing floor to the distribution capacity. retail store to the homeowner’s Ashley’s operational excellence, superior consumer- The Ashley brand has appeal across multiple door, every day. driven product design, and industry-leading age and income segments. Ashley is featured in marketing solutions and strategies translate into a millions of television, internet, radio, newspaper clear competitive advantage for our retail partners. and direct mail pieces annually.

20 PRODUCT CATEGORIES

Occasional Tables Motion Upholstery Home Office Pillows WE STOCK IT WE IMPROVE IT Bedroom Recliners Lighting Chairs + Stools Youth Bedroom Outdoor Rugs Baby We carry the inventory so our Utilizing a continuous retailers don’t have to, while improvement model, we are Dining Room Entertainment Accent Furniture Wall Art limiting how often our products constantly working to improve Stationary Upholstery Top of Bed Mattresses Ready to Assemble (RTA) change hands. quality and efficiencies to reduce cost for our customers.

8 ASHLEY FURNITURE INDUSTRIES 9 RECOGNIZED FOR THE FOLLOWING ACHIEVEMENTS:

Lead Advocate of Supplier of the Year Chairman of Tampa Bay Innovative Medical Furniture Today American Heart Research Association Gala Mayo Clinic Distinguished Alumnus Arcadia School District American Heritage Award National Finalist Anti-Defamation League

Entrepreneur of the Year Distinguished Service: Ernst & Young Community Pillar of the Industry Deloitte 75 International Home Board of Directors Furnishings Reps Association American Home Spirit of Life Award Furnishings Association City of Hope Rural Community Partner of the Year Principal Partner Wisconsin Rural Distinguished Service Benefactor Schools Alliance American Home Mayo Clinic Furnishings Association 2020 Board of Directors Family Dynasty Award Furniture Hall of Fame Wisconsin Manufacturers Furniture Today Inductee and Commerce

After graduating from the University of Wisconsin-Stout provided a new means of feedback from the voice of the Today, Ashley Furniture is not just the world’s largest with a Bachelor’s Degree in Industrial Technologies, Todd customer. The success of Ashley Furniture HomeStores grew furniture manufacturer and the largest retail furniture store Todd and his wife Karen moved to Asia, where he served as throughout the U.S. and the world. brand in North America, it is now a leader in technology General Manager of Ashley’s Taiwan manufacturing and innovations; investing tens of millions of dollars each year in distribution facility. He spent five years (1989-1993) learning By 1999, Ashley became a major player in almost every home people and technological processes to improve every aspect the culture and developing Ashley’s innovative supply and furnishing product category along with becoming one of the of the company’s performance. Through tremendous focus Wanek manufacturing base throughout the region; including China, best marketers in the furniture industry. Todd’s knowledge on costs for end consumers, Todd has built the strongest Malaysia, Taiwan and Indonesia. became instrumental in developing and implementing supply chain in the furniture industry, constantly evolving Ashley’s “blended manufacturing strategy.” This foundation to serve customers wherever and however they want to buy In 1994, Todd returned to the U.S. where he spearheaded is the cornerstone for Ashley’s increasing employment base home furnishings. PRESIDENT AND CEO Ashley’s entrance into a lucrative new category with the and consistent market share growth. purchase of an upholstery operation in Ecru, Mississippi. While Todd continues to focus on the advancements of Furniture is in Todd Wanek’s DNA, but his Over the next two years, Todd became responsible for all With proven leadership and vision, Todd became the Chief technology for the furniture industry, he and his family have passion for the business was ignited during upholstery product, as well as the growth of the company’s Executive Officer of Ashley Furniture Industries, Inc. in 2002, also invested heavily in the advancements of medical his high school and college years when international operations. a position he holds to this day. His passion and commitment research and sustainable agriculture. The Wanek family he worked in all aspects of the company, to improve Ashley’s operations, products and service is is committed to helping find cures to some of our most including manufacturing, shipping, machine Through Todd’s accomplishments in all aspects of business unrelenting and has positioned the company for continued horrendous diseases. Most notably, to find a cure for Type 1 maintenance, product design, engineering, operations, he was promoted to President and Chief growth into the future. Staying true to Ashley’s vision, “We Diabetes through City of Hope and Hypoplastic Left Heart ﬁnance and global sourcing. Operations Officer in 1996, assuming responsibility for want to be the best furniture company,” he continues to Syndrome through the Mayo Clinic. Ashley’s worldwide operations. cultivate the company’s continuous improvement culture. As such, throughout the years, Todd has built an extremely Todd and Karen have two children, Cameron who is the In 1997, the company developed an outlet to sell directly skilled leadership team with extraordinary depth, diversity Senior Vice President of Supply Chain and Business Analytics for to their customers by opening the first Ashley Furniture and understanding of the industry. Ashley, and Gabrielle who works as a Business Systems Analyst. HomeStore in Anchorage, Alaska. Having a retail presence

10 ASHLEY FURNITURE INDUSTRIES 11 RECOGNIZED FOR THE FOLLOWING ACHIEVEMENTS:

Wisconsin Entrepreneur Lifetime Achievement Wisconsin Business Business Person of the Year of the Year American Home Hall of Fame Future Business Ernst & Young Furnishings Association Inductee Leaders of America

National Finalist Master of the Game Distinguished Service: Rural Community Entrepreneur of the Year Furniture Today Community Partner of the Year Ernst & Young Deloitte 75 Wisconsin Rural Honorary Recognition Schools Alliance Innovator of the Year Wisconsin Foundation Florida Council of 100 Woodworking Machinery of the Arts State of the State Industry Association Family Dynasty Award Recognition President & Chairman Furniture Today Mississippi Gov. Phil Bryant Leadership Award American Home & State Legislature Furniture Today Furnishings Association Philanthropist of the Year Award Spirit of Life Award Supplier of the Year National Speakers 2020 City of Hope Furniture Today Association Horatio Alger Award Horatio Alger Association Pillar of the Industry Distinguished Service Furniture Hall of Fame of Distinguished Americans International Home American Home Inductee Furnishings Reps Association Furnishings Association Service to the Industry Award Furniture Today Honorary Doctorate American Heritage Award Industry Patriot in Business Anti-Defamation League Regency Home High Point University

Ron Wanek is the Founder and Chairman of Ashley Furniture he established overseas manufacturing and distribution Ashley and the Wanek Family continue to support education Industries, Inc. With 30,000,000+ sq. ft. of manufacturing and capabilities to compete with the worldwide market through to help secure our country’s position as a world leader Ron distribution space, and more than 1,050 Ashley HomeStores, this blended strategy. in technology and advanced manufacturing. They have Ashley is the world’s largest furniture manufacturer and the developed a number of partnerships with K-12 and post- largest retail furniture store brand in North America. Throughout the 80s and 90s, Ron lead the company through secondary schools, colleges and universities. Combined numerous rebirths, realigning operations to meet customer efforts have included investing in STEM-based learning, Wanek Growing up on a sharecropper’s farm in Utica, Minnesota, demand. This included adding new product categories, scholarships, providing students with exposure to technical instilled Ron with a strong work ethic and ambition to expanding the company’s footprint and entering the retail trades and career opportunities, instructor training, and succeed. In 1961, he began working for a newly formed industry with Ashley Furniture HomeStores. robotics programs. furniture company called Winona Industries. In 1970, he FOUNDER AND CHAIRMAN took his knowledge of the furniture industry and set out on his Guided by his determination, vision and expertise, Ron grew Among his many philanthropic contributions, Ron is the lead own to establish and manage Arcadia Furniture, a small company Ashley into an international manufacturing and retailing benefactor of Soldier’s Walk at Memorial Park in Arcadia, As patriarch of both the family and the of only 35 people manufacturing occasional tables in Wisconsin. giant. Today, Ron Wanek and Ashley Furniture are iconic Wisconsin. Known as one of the nation’s premier salutes to family business, no one is as emotionally and ﬁnancially invested in the success, growth names in the furniture industry, serving as an example to veterans, the 500-meter walk captures all U.S. wars with over and future of our company than our founder, Ron knew the logistics of delivering product to his retailers, the world that the American Dream is alive and well. 20 monuments and various memorials. Ron. He has made it his life’s mission to as well as sourcing raw materials, was a critical component mentor and inspire this generation and of the business. In 1974, he formed the company’s Outside of the business, Ron is highly regarded for his Through its history, Ashley has been a family company. In those that come after it. transportation division which has gone on to become philanthropic initiatives. In 1998, Ron and his wife Joyce 2002, Ron appointed Todd, his son, as President and CEO the largest private freight carrier of all manufacturing started the Ronald & Joyce Wanek Foundation, making of the company. Ron’s other two children and five of his companies and the largest importer of furniture in North personal gifts of tens of millions of dollars to a multitude of grandchildren are also actively involved in the business. America. In 1982, a major restructuring occurred at Arcadia their favorite causes. These include the furniture industry, Furniture, resulting in a merged company known as Ashley children and families in need, medical research, education, Furniture Industries, Inc. Shortly after, Ron foresaw the arts, and honoring our armed forces. threat Asia manufacturers had on his business model, so

12 ASHLEY FURNITURE INDUSTRIES 13 It’s in Our DNA

Photo taken at the Ashley Furniture 75th Anniversary celebration in Las Vegas.

Ashley is a TRAVIS WAGNER CAMERON WANEK LAURA FORSYTHE Family Company. Senior Vice President of Global Manufacturing Senior Vice President of Supply Chain Planning Vice President of Retail Finance and Business Analytics Ron Wanek’s humble roots and hard work have As Senior Vice President of Global Manufacturing, Travis Wagner As Vice President of Finance for the retail branch of Ashley built a strong foundation for the following is responsible for continuing to innovate and grow Ashley’s As Senior Vice President of Supply Chain Planning & Business Furniture Industries, Laura Forsythe is responsible for the retail generations to pass on. Todd Wanek has taken advanced manufacturing facilities in the U.S. as well as in Analytics, Cameron Wanek is responsible for the oversight of and e-commerce finance teams. She has implemented the business to new heights, and now the third Vietnam. Along with managing production operations, he is Global Supply and Demand planning for Ashley Furniture standardized reporting across the enterprise entities while generation has come into leadership roles. As also deeply involved with quality control, automation initiatives, Industries. Additionally, Cameron is responsible for overseeing creating a stronger partnership between the business and a company, we work together to continuously product development, engineering, research and development, Strategic Execution, Business Intelligence and Data Management finance departments. Laura began her career with Ashley in improve and strive to be the best furniture and plant engineering. Travis began his career with Ashley which encompasses the overall management of all strategic 2007, working as an intern in finance, supply chain and overseas company, which would not be possible without in 2002, loading and transferring product for market. He projects and developing business analytics tools that create supply chain and quality. all our employees, who we also consider family. then moved into manufacturing, working in upholstery and visibility of key metrics at Ashley. maintenance while attending school. While earning her degree, she worked as a sales associate Ashley has sustained consistent sales growth Cameron began his Ashley career in 2007 where he worked at Ashley HomeStore. In 2011, Laura moved to China to help year over year. With a strong leadership team, In 2009, Travis and his family relocated to Vietnam where he throughout the organization. He held earlier roles working as a launch the first internationally-owned Ashley HomeStore in aggressive goals and the commitment to be the joined the Wanek Furniture team as an Operations Engineer. metal fabricator, working on the grounds team, working in quality Shanghai, and to oversee the international merchandising team. best, the company has overcome many challenges In his time there, Travis held various positions including control and working in the supply chain department. He has In 2014, Laura moved back to the U.S. and joined Ashley’s retail and continues to stay competitive, focusing on Operations Director, General Director, and Vice President vast experience in Asia and spent many summers in the Supply team to help launch AshleyFurniture.com. Laura also played customer needs and wants. There have been 17 and General Manager of Asia Manufacturing, overseeing Chain and Quality Control departments, conducting inspections, an essential role in launching Ashley’s live chat tool for online major rebirths, shifts in the business to meet Vietnam and China operations. Travis is credited with building developing finished product and material quality standards and customers, digital customer service for social media channels those needs, which have played a key role in and growing all of Ashley’s manufacturing and distribution working with Ashley owned factories as well as third party and home delivery tracking for enterprise store deliveries. She our emergence as an industry leader. facilities throughout Asia. He expanded Ashley’s Vietnam suppliers on supply chain execution. led the e-commerce operations (finance, customer service and operations from one to five locations and grew a world- fulfillment) for four years before transitioning to the role of Senior class team of 380 people to over 13,000. Travis was involved Cameron is developing Ashley’s global supply chain into a world Director of Ashley HomeStore Merchandising and then onto in all aspects of business during this rapid growth; managing class operation that creates improved forecasting, clearly defined her current role overseeing retail finance. construction, purchasing equipment and developing employees. supply chain expectations and tracking tools that create visibility With his guidance, Wanek Furniture has grown into the largest of our inventory to our customers. All of his experience assists in Laura holds a Bachelor of Business Administration degree manufacturer of upholstered furniture in the world. bringing all of the data together to strengthen the global supply in Marketing, Accounting and Finance from the University of chain and our customer experience. Wisconsin-Madison. Laura is a granddaughter of Ron Wanek, Travis holds a Mechanical Engineering degree from South East Ashley’s founder and chairman. Technical College in Winona, Minnesota. Travis is a grandson of Cameron holds an MBA from High Point University in North Ron Wanek, Ashley’s founder and chairman. Carolina. He received a Bachelor’s degree from Marquette University with a double major in Supply Chain and Finance. Cameron is the son of Todd Wanek, President and CEO of Ashley Furniture Industries, Inc. 14 ASHLEY FURNITURE INDUSTRIES 15 Big Moments, Big Wins

THE WANEK FAMILY WE’RE CELEBRATING SUCCESS ACROSS ALL DIVISIONS. MENTORING STATUE Manufacturing • Largest upholstery plant • Ashley ships in excess of Retail in the world. | My Phuoc 3 IP, 150,000 containers per year Donated to High Point University, • Modern, state-of-the-art Vietnam (Wanek 3) around the world. • Ashley Furniture is the the Mentoring - Year 2000 statue super plants worldwide. #1 searched furniture term features Ron Wanek mentoring • Largest upholstery plant in on Google in the U.S. his children and grandchildren as • Tens of millions of dollars the U.S. | Ecru, MS Distribution • he builds a piece of furniture. It invested annually into • Delivering to 95% of More than 1,050 Ashley was placed in front of HPU's Stout automation initiatives creating • Largest casegoods plant in North America weekly. HomeStores in 60 countries. School of Education as the school's industry-leading, high-speed the U.S. | Arcadia, WI • focus is to help create mentors. automated equipment and • Largest fleet in the industry More than 20,000 storefronts manufacturing systems. • Largest furniture component with over 1,000 tractors and in 155 countries. plant in the world. | Tan Uyen 4,000 trailers. • 200+ robots implemented Town, Vietnam (Wanek 1) • 350 million unique visitors across all manufacturing • The Ashley fleet presents over to AshleyHomeStore.com • locations. Ashley Furniture is the 6 billion consumer impressions annually. World’s Largest Manufacturer each year. • Over 450 diversified of Furniture • Over 600 independent assembly lines capable of • On average, Ashley’s fleet Marketing Specialists provide quick changeover. assistance to our retailers. Global Supply Chain travels the equivalent of 160 trips to the moon and back. • • Over 13,000 SKUs produced. • Worldwide product testing and Ashley HomeStore is the quality control laboratories. largest retail furniture store • Over 35 million units brand in North America sold annually. • 30,000,000+ sq. ft. of manufacturing and • Largest mattress plant distribution capacity in the U.S. | Saltillo, MS worldwide. 6.5 BILLION

WE REACHED OUR $1 BILLION DOLLAR GOAL IN 2001 AND OUR $6.5 BILLION DOLLAR GOAL IN 2020.

From 1982-2007 Ashley experienced an Average Compounded Annual Organic Growth Rate of 19.6%

1 BILLION

MILLIONS

1982 2001 2020

16 ASHLEY FURNITURE INDUSTRIES 17 Featured above: Ron Wanek, Travis Wagner (grandson), Laura Forsythe (granddaughter), Todd Wanek (son) and Cameron Wanek (grandson). Advanced Manufacturing

WE’RE ON THE CUTTING EDGE OF INNOVATION. SMART FACTORY

Ashley Furniture Industries began in 1970 We have a committed, disciplined and As the manufacturing industry continues to evolve in a 35,000-square-foot building producing talented team focused on continuous and advance, we are implementing new SMART occasional tables. improvement and low cost manufacturing, Factory and automation technologies to improve allowing us to provide customer pricing processes and quality along with reducing Today, Ashley has expanded its product line and quality advantages. Ashley has heavy lifting for our employees. to include more than 20 product categories over 450 diversified assembly lines that with modern, state-of-the-art super plants are capable of quick changeover. Our • 24/7 monitoring of production data and around the world totaling 30,000,000+ sq. manufacturing divisions include Casegoods, machine health, which is fed to our IT and ft. of manufacturing and distribution space. Stationary and Motion Upholstery, Mattresses maintenance teams in real time. and Ready to Assemble (RTA) furniture. • Email and text alerts when a machine is down.

• Predictability of down machines based on temperature of bearings, excess vibrations, hours ran, weight sensors and other Costs go down and quality goes up. important variables.

Through continuous improvement efforts, a • Preventative maintenance based on data, sofa that cost $260 to produce in 1994, now saving time and labor. costs $170 to produce – and it’s a better sofa.

AUTOMATION • 200+ robots implemented across all manufacturing locations.

• Reducing heavy industrial labor lifting by 101+ million pounds.

• Tens of millions of dollars invested annually into automation to make jobs easier.

1994: $260 2019: $170

18 ASHLEY FURNITURE INDUSTRIES 19 “EVERY Laser ORGANIZATION HAS TO BE A TECHNOLOGY Focused on COMPANY.” Technology TODD WANEK

WE INVEST IN THE LATEST INNOVATIONS TO BRING OUR CUSTOMERS THE SEAMLESS EXPERIENCE THEY EXPECT (AND DESERVE). Over the last five years, we have invested over $300,000,000 in technology and have over 700 software engineers and support technologists worldwide.

We understand that our customers expect a seamless experience, and technology plays a large part in delivering this experience.

Knowledge is power – Available 24/7 AshleyDirect.com provides quick and easy access to the Quality Laboratories information our customers need to run their business. Its companion systems provide our customers and our independent marketing specialists with 24/7 online access to: We realize it is a privilege for our products to be invited TRIED, TESTED • Order entry with immediate availability dates into our customers’ homes and we strive to exceed • Invoices and e-payment AND TIMELESS expectations. • Complete product catalog

State-of-the-art • Photography downloads • That’s why we work tirelessly toward our objective of worldwide testing • Product availability 100% out of the box quality labs ensure quality • Product training as timeless as • Historical sales information Our state-of-the-art physical testing labs allow us to our designs. • Contact links to Customer Relations, Marketing continually analyze the quality of our raw materials, Specialists, Credit Analysts and more construction methods and finished products.

• Global Quality Testing locations: Order Management System (OMS) • Arcadia, Wisconsin • Ecru, Mississippi This unique system was developed to provide our customers, • Leesport, Pennsylvania independent marketing specialists and customer service agents • Advance, North Carolina with immediate information and transparency on any order at any • Kunshan, China time. Complete visibility to the order status includes the moment it • Ho Chi Minh, Vietnam is processed, loaded, en route and delivered to the customer. • My Phuoc 3 IP, Vietnam • Quang Ngai, Vietnam • Tan Uyen Town, Vietnam Innovation As technology evolves, we continue to invest to keep pace. Finished products undergo extensive critical evaluations Technologies like Augmented and Virtual Reality, CGI, for durability, appearance, feel, and overall performance. Artificial Intelligence, the Internet of Things (IoT), and Ashley has invested millions of dollars into quality connected devices are areas we have staffed with significant testing labs and recently received the packing testing resources and have invested in to ensure we stay current; lab certification for ISTA-6-SIOC. All Ashley express not only with our competitors, but also with increasing delivery packaging is certified ISTA-6-SIOC. customer expectations.

20 ASHLEY FURNITURE INDUSTRIES 21 Main Showroom World Market Center Ashley Space 1500/BLDG B 475 S. Grand Central Parkway Las Vegas, NV 89106 LAS VEGAS, NV SHOWROOM 4.1 acres (180,000 sq. ft..) Signature Design World Market Center Ashley Space 11420/50/70 BLDG B 495 S. Grand Central Parkway Las Vegas, NV 89106

High Point Showroom IHFC (International Home Furnishings Center) Ashley Space H900 239 S. Wrenn Street High Point, NC 27260

Pudong Market Shanghai New International Expo Center 2345 Longyang Road Shi Ji Gong Yuan, Pudong Shanghai, China HIGH POINT, NC SHOWROOM 3.4 acres (150,000 sq. ft..) Shanghai Market CMP Sinoexpo LTD. Shanghai New International Expo Markets Hall W1H 04 Shanghai, China

OUR DESIGNS TURN HEADS Expo Mueble Internacional Av. Mariano Otero No. 1499 AND DRAW CROWDS. C.P. 44550 Furniture markets offer critical insight into the future success of new Guadalajara, Mexico product designs. Whether in Las Vegas or Shanghai, Ashley Furniture always draws a large crowd. These shows are exclusively attended by manufacturers, retailers, furniture and interior designers, and TV networks, such as HGTV. Ashley also participates in various smaller market trade shows around At market, Ashley participates in head-to-head competition with the world every year. hundreds of manufacturers from around the globe and our showrooms are the most attended in the industry.

The feedback taken from these shows allows us to better understand PUDONG MARKET, SHANGHAI what our customers are looking for, what’s trending and what our competition is doing which ultimately helps us continue to improve our business and products.

22 ASHLEY FURNITURE INDUSTRIES 23 Trends Move Fast, We’re Faster

DOMESTIC FACILITIES INTERNATIONAL FACILITIES

Delivering to 95% of North America weekly, our facilities are strategically placed Ashley blends and optimizes domestic and foreign production efforts—delivering by region to allow for quick and efficient distribution throughout North America. quality products on time and at an exceptional value to our customers.

Canada Arcadia, WI Independence, WI Arcadia, WI Whitehall, WI China Spanaway, WA

North Kunshan, China Gurgaon, India United States Central East of America Midwest Leesport, PA West Etna, OH Midwest Colton, CA South India Redlands, CA East Shenzhen, China Lathrop, CA Advance, NC Statesville, NC South Brandon, FL

Ybor City, FL Mesquite, TX Quang Ngai, Vietnam

Ecru, MS Thu Dau Mot, Vietnam Binh Duong City, Vietnam Ripley, MS Ho Chi Minh, Vietnam Saltillo, MS My Phuoc 3 IP, Vietnam Verona, MS Facilities Key Tan Uyen Town, Vietnam Muar, Malaysia

Global Offices

International Manufacturing and Distribution Facilities

Domestic Manufacturing and Distribution Facilities

24 ASHLEY FURNITURE INDUSTRIES 25 it’s all about More than 30,000,000 sq. ft. (690 Super Plants, acres under roof) of manufacturing and distribution capacity to furnish Super Capabilities SPEED homes around the world.

DOMESTIC MANUFACTURING AND DISTRIBUTION FACILITIES

LARGEST CASEGOODS PLANT IN THE UNITED STATES

THIS IS ASHLEY’S LARGEST ORIGINAL PLANT Furniture Manufacturing and Distribution Facility

LARGEST UPHOLSTERY PLANT LARGEST MATTRESS PLANT IN THE UNITED STATES IN THE UNITED STATES

ORIGINAL PLANT

INTERNATIONAL MANUFACTURING AND DISTRIBUTION FACILITIES

ORIGINAL PLANT

Independence, WI: Est. in 2013 Whitehall, WI: Est. in 2006 Mesquite, TX: Est. in 2015 WANEK 1: WANEK 2: WANEK 3: WANVOG: 51,000 sq. ft. | 4,738 sq. mt. | 1 acre under roof 157,300 sq. ft. | 14,614 sq. mt. | 4 acres under roof 1,626,030 sq. ft. | 151,063 sq. mt. | 37 acres under roof Tan Uyen Town, Vietnam Binh Duong City, Vietnam My Phuoc 3 IP, Vietnam Kunshan, China 435,600 sq. ft. | 40,469 sq. mt. 283,140 sq. ft. | 26,305 sq. mt. 700,040 sq. ft. | 65,035 sq. mt. 2,047,320 sq. ft. | 190,202 sq. mt. 10 acres under roof 7 acres under roof 15 acres under roof 47 acres under roof

26 ASHLEY FURNITURE INDUSTRIES = Solar Energy Facility 27 Advanced Distribution Services

OUR DISTRIBUTION NETWORK IS THE LARGEST, FASTEST AND MOST RELIABLE. In 1974, Ashley Furniture Industries introduced its own transportation and logistics subsidiary, Ashley Distribution Services (ADS). Comprised of ground transportation, cargo ships and rail, ADS has produced key efficiencies for the organization including reduced freight costs and improved on-time scheduling.

TRANSPORTATION DISTRIBUTION CENTERS Our fleet of over 1,000 tractors and 4,000 trailers travels Having regional distribution and fulfillment centers throughout the U.S. and Asia, Ashley is able to move over 60 million miles annually throughout the continental product quickly and efficiently. Utilizing industry-leading, automated equipment and manufacturing systems, United States. Frequent deliveries of mixed truckloads our products come directly off the manufacturing lines to the warehouse, where every product transport is keep product flowing throughout the supply chain and tracked. State-of the-art wireless bar code scanning technology deploys task directed instructions that are straight to the consumer. optimized for the efficient put-away, picking, loading and delivery of finished goods.

ADS also provides backhaul services for the handling and transport of furniture, beverages, consumer packaged goods, raw materials, and more. Automation

The company continues to find ways to We take great pride in maintaining a high level of service improve and advance their operations. Various metrics such as on-time pickup and delivery performance, automated processes help keep product moving as well as low claims percentage. ADS has been nationally to our customers while reducing heavy lifting recognized for their safe and efficient work practices and is for our employees. branded a SmartWay High Performer by the EPA. Automated Guided Vehicles (AGVs) use laser navigation to travel autonomously throughout the facility, assisting with long travel routes.

World Class Fleet Robotic Cells receive product directly from the truck; scanning, processing and palletizing the Ashley trucks are highly efficient and provide a products to their next destination. comfortable environment for our ambassadors while on the road. Technology enhancements help us better optimize performance, while electronic logging devices track product deliveries. Direct-to-Consumer Shipping

The vehicle’s cruise control is integrated with collision Ashley has continued to adapt to the rapid mitigation systems, saving fuel and increasing safety. Our growth of e-commerce and the demand for trailers have automatic tire pressure inflation systems, quick delivery. With the ability to take orders aerodynamic skirts, and low rolling resistance tires which 24/7 and strategically routing shipments, Ashley Todd Wanek with Nathan Goplin, Ashley’s provide ease of travel and maximize load capacity. can provide speedy, efficient delivery to the first ever Four Million Mile Driver end customer.

Accident Free Million Mile Records: • 1 Million Miles: 78 Drivers • 2 Million Miles: 41 Drivers • 3 Million Miles: 9 Drivers • 4 Million Miles: 1 Driver

28 ASHLEY FURNITURE INDUSTRIES 29 Right Inventory,

Right Time Chair A Chair B Selling Price $200 $200 BY RAIL BY ROAD BY SEA Cost $100 $100 GMROI: GROSS MARGIN Gross Margin $100 $100 RETURN ON INVESTMENT Gross Margin Percent 50% 50% GMROI is an essential retail performance Sales Per Month 100 units 100 units indicator. Key to its success is expert forecasting Reorder Lead Time 14 days 140 days and management of a retailer’s largest investment - inventory. By keeping stock tight and lean, Average Inventory 50 chairs 400 chairs Logistics Leader turn rates are higher and profitability increases. Gross Margin per Chair $100 $100 Gross Margin x 100 Chairs/Mo. $10,000 $10,000 Annual Gross Margin–12 Months $120,000 $120,000 ONE OF THE SMARTEST, MOST SOPHISTICATED AND EFFICIENT Inventory (Avg. Inventory x Cost) $5,000 $40,000 LOGISTICS SYSTEMS IN THE WORLD. AND IT’S OURS. A GMROI: $24 $3 Here, there and everywhere with speed and reliability GMROI = annual gross margin $ divided by average annual inventory at cost $

• Ashley’s supply chain management • Advanced dispatch and routing • 1 of 7 privately-owned intermodal B system directs every variable that system improves on-time delivery, rail yards in the United States. goes into making and moving product. using the most efficient routes to reduce miles driven. • Our retail partners are able to Example: • Delivery capacity of the industry’s reduce inventory levels and bring In the chart above there are two chairs. Same price. Same largest fleet is paired with an inter- • Regionally located, superior truck savings straight to our customer. gross margin. Same unit sales per month. Which chair do modal rail transport system to reduce shop maintenance facilities yield you want to sell? freight costs and stay on schedule. equipment at service rates 1/3 of • Ashley handles in excess of the national average. 150,000 containers per year that • Planned inventory levels ensure are shipped around the world. constant, timely supply of product. • Delivering to 95% of North America weekly. • North America’s largest importer • Over 35 million pieces of furniture of furniture. delivered to homes annually. • Largest private carrier of all manufacturing companies. • Fifth largest importer in the U.S. • Air-ride suspension protects product from damage and provides • Listed as the 39th largest overall comfort for our drivers. on Transport Topics Top 100 private carriers.

EXPRESS DELIVERY We hold inventory on behalf of dealers, saving the cost and headache associated with storing AT 1,320 FEET, OUR LONGEST AISLE IS and shipping inventory. We can then ship the purchase directly to the customer. MORE THAN FOUR FOOTBALL FIELDS! This service is growing exponentially in categories like outdoor and accessories where we can get the item to the end consumer quickly - sometimes within 48 hours!

30 ASHLEY FURNITURE INDUSTRIES 31 MANUFACTURING CREATES WEALTH

Every city, county, state & Boosting Economies nation wants to bring wealth Worldwide to their area.

POSITIVE BALANCE. DOING OUR PART FOR THE U.S. ECONOMY AND GLOBAL TRADE.

Every city, county, state and nation wants a positive balance of trade. To bring money into their region, boost their economy, and increase their tax base through the creation of businesses, jobs and quality services. Ashley supports more than 7,000 U.S. suppliers and Ashley’s employees support thousands of additional businesses. These businesses create and support thousands of additional jobs and businesses. This phenomenon is repeated again and again. In economics it is called the ripple effect and is most commonly associated with manufacturing. One manufacturing job creates 3.4 additional jobs and tens of thousands of dollars in local economic activity.

The Ripple Effect Business Creates Business Ashley contributes over $2.7 billion annually to the In addition, thousands of jobs have been U.S. economy in the form of employee payroll and created through the ripple effect of the business benefits, purchases and capital investments, taxes that is generated by Ashley’s suppliers. These and utility expenses. If these dollars turn over 3.6 businesses have created thousands of additional times* as they circulate within the country, this jobs and buy a lot of supplies that create even equates to $10 billion in annual economic activity. more jobs... all as a result of Ashley’s business.

*For every dollar of domestic manufacturing value-added, another $3.60 of value-added is generated elsewhere. Source(s): MAPI Foundation and Inforum, NAM

16,000 7,000+ 155 COUNTRIES $2.7+ BILLION 3.4 JOBS $10+ BILLION JOBS CREATED IN THE VENDORS AND SELL ASHLEY HAS BEEN CONTRIBUTED CREATED ECONOMIC IMPACT. U.S. BY ASHLEY. BUSINESSES ARE FURNITURE. TO THE U.S. ECONOMY. BY ONE $2.7B x 3.6 = SUPPORTED BY MANUFACTURING $10B Economic Impact ASHLEY. JOB.

32 ASHLEY FURNITURE INDUSTRIES 33 Great People Make Generating Ideas Great Company Generates Rewards

IF YOUR TEAM IS COMFORTABLE, YOUR FURNITURE WILL BE TOO. THE BEST IDEA CAN COME FROM ANYWHERE AND ANYONE. Total company investments into our employees have exceeded $1 billion dollars over the past five To us, every employee holds an important key to Ashley’s success. Each one possesses certain skills and years. At Ashley, it’s not just a philosophy, it’s a practice. Not only do we invest in the latest design knowledge unique to them. That means ideas for improvement, efficiency or evolution can come from tools and production equipment, logistics and supply chain systems, we invest in our people. anywhere, anyone and at any time.

Our leadership team connects with and develops employees to consistently drive results. This is That’s why we built the IDEA Network. A place where employees across the Ashley global network can share the foundation of our commitment to developing leaders at all levels, because strong leaders ideas for implementation. Employee IDEAs have saved the company millions of dollars in operational develop and attract strong leaders. costs which are then passed on to our customers in the form of lower prices and savings.

Our management style is focused on continuous quality improvement. This includes: • Job skills/training Meet Some of our Best and Brightest • Leadership coaching These Ashley team members submitted IDEAs that were tried, tested and delivered results. • Lean manufacturing training • Six Sigma and other certifications • Continued education • Conferences and seminars • And more 3 STEP APPROACH TO LEADERSHIP

Jen N. Connect Kevin M. Quality with and support Supply Chain Planning employees. Jen always has her eyes on waste, when Kevin’s idea used an item’s own history to she spots waste in her day to day tasks calculate what percent of the annual forecast she does something about it! One of goes in which months. Using top of the line the struggles Jen and her team had was software, they wanted to aggregate data and figuring out which Facility in Vietnam hard-code what percent of the forecast goes produced each upholstery cover when in which months. They have seen an increase testing for quality issues. This was a long in forecast accuracy of 2.5. This is projected process of looking up information and/or to affect roughly 50% of our inventory. The sending emails to gather information. Jen’s idea savings is estimated at $5,000,000. Develop idea to have each of Ashley’s facilities in and guide them to Vietnam use a different color sticker was achieve results. implemented and now, by quick glance of the sticker, the team knows who produced it.

Drive OVER 7,000 REGISTERED IDEAS high performance by ARE SUBMITTED EACH YEAR! removing roadblocks.

34 ASHLEY FURNITURE INDUSTRIES 35 RESPONSIBLE MANUFACTURING Conservation • Using engineered wood allows Ashley to utilize 95% of every tree, aiding in natural habitat preservation while & Sustainability slowing deforestation and reducing landfill waste. • Reusing wood by-products as boiler fuel, replaces 20 million cubic feet of natural gas in Ashley plants.

OUR GLOBAL FOOTPRINT IS LARGE, BUT OUR CARBON ONE • Using water-based finishes results in 90% reduction of volatile organic compounds (VOCs). DOESN’T NEED TO BE. For Ashley, environmental stewardship begins at home. We continually seek to recycle, reuse and replenish • Ashley paints its plant interiors and equipment with highly every day, reducing our operational energy usage as well as eliminating waste across the business. reflective bright white paint which saves up to 40% on lighting energy costs.

Every year, we recycle: • Auxiliary Power Units (APUs) have been installed in our trucks to reduce fuel consumption by 30% and reduce engine idle time by 90%. We use 100% recycled tires which use 70% less oil and reduce waste.

• We adhere to the Eco-Certified Composite (ECC) 280,549 1,000 125 Sustainability Standard which specifies carbon tons of wood by-products. tons of metal. tons of office paper. footprint, life-cycle inventory, and other verifiable environmental practices.

Eco-Certiﬁed Composite 12,206 10,000 6,500 (ECC) Sustainability Standard pounds of computer tons of cardboard. tons of poly-foam. equipment.

12,500 536 GENERATING ENERGY gallons of used oil. tons of plastic film. FROM THE SUN Ashley has implemented a multi-phase project to develop integrated solar energy systems to support their operations and reduce their energy footprint. CONSERVATION EFFORTS The project includes a majority of the By enhancing the habitat today, we ensure our future generations will be able to appreciate company’s advanced manufacturing and it tomorrow. distribution facilities of which electrical energy consumption exceeds 100 million • We’ve planted thousands of trees throughout our local communities and on Ashley campuses. kWh (kilowatt hours) annually. By installing solar, the company expects to offset its • Each year, we distribute over 6,000 trees to our employees in observance of Arbor Day. electric energy needs by 35% using clean energy from the sun. • We’ve hosted students at our facilities as well as local parks to teach them about the importance of planting trees and how to properly plant them–providing them with tools to The solar energy will be used to charge build a better environment for years to come. IoT (internet of things) systems, automation and robotics, and battery-powered • We’ve restored and enhanced over 86 acres of wetlands. This includes stabilizing industrial vehicles. erosion control, planting native seeds and plants, planting trees, creating habitat ponds, and more.

36 ASHLEY FURNITURE INDUSTRIES 37 Working Knowledge, Advancing Education

Continuous Advancement WE SUPPORT EDUCATION INITIATIVES TO BENEFIT FUTURE WORKFORCES. Supporting education is a priority for Ashley and the Wanek family. As manufacturing continues to advance WE BELIEVE THAT INVESTMENT IN OUR TEAM IS INVESTMENT IN OUR COMPANY. and the global economy evolves, training and educating the future workforce will be a crucial part of our country’s success. Ashley has developed a number of partnerships with K-12, as well as post-secondary schools, investing in STEM (Science, Technology, Engineering & Math) and career and technical education.

Scholarship Programs SkillsUSA Career Day & Job Shadows Wanek School of Business Leadership Ashley has provided more than $2 As a proud sponsor of SkillsUSA, Students are invited to learn about the different career paths A place were Ashley leaders come together to learn from each million in scholarships to high Ashley provides scholarships to offered at Ashley. What each department and role does, other’s successes and solutions. An inspiring experience where school seniors. Each year, over 100 local chapters and supports the Robotics the training needed, and typical day-to-day operations. trainers facilitate, connect and develop the Ashley leaders of scholarships are awarded to children organization’s mission. SkillsUSA is This provides real-world perspective of different career today and tomorrow. of Ashley employees in California, a partnership of students, teachers Technical College & Universities opportunities. Florida, Mississippi, North Carolina, and industry working together Partnering with technical colleges Pennsylvania, Texas and Wisconsin. to ensure America has a skilled and universities to provide hands-on workforce, teaching career and experience, donating advanced technical education in the classroom. manufacturing automation equipment and world-class instructor training.

FIRST Robotics Sponsoring local high school teams that compete head to head with robots they have designed, built, and programmed under strict rules and limited resources.

VEX Robotics Providing middle schools with Advanced Technology Maker Center Apprenticeships & Internships equipment and instructor training to These opportunities allow students to learn more about our The ATMC provides hands-on, competency-based skills National Mobile Skills Lab participate in extra-curricular robotics organization and apply their skills. They get experience to put training to employees, local businesses, students and teachers Manufacturing Day programs. The program focuses on on their resume, and we have the ability to identify talent for (high school and higher education). Ashley partnered with local school grades 3-8 and encourages students to future employment. In celebration of National districts to provide equipment learn through exploration. Key Features: Manufacturing Day, Ashley and curriculum in the areas of opens their doors to middle electronics, advanced manufacturing Developing high-performing employees and providing • Amatrol E-Learning with • Yaskawa CERT Cart school students to learn about processes, automation and robotics. them with a career path early on is a critical business Hands-on Trainers • Tabletop Mechatronics manufacturing careers and benefits. This state-of-the-art, custom- driver for the future of our company. • Fanuc CERT Cart • Skills Boss Manufacturing Day addresses built lab, a more than $3 million • Haas Mini Lathe • Solidworks common misconceptions about investment, travels from school • Haas Mini Mill • Troubleshooting manufacturing and is meant to to school teaching students skills • Markedforge 3D Printer • PLC Systems inspire the next generation of needed in today’s high demand • Smart Factory Simulation manufacturers. career fields.

38 ASHLEY FURNITURE INDUSTRIES 39 Hope to Dream

GIVING MORE THAN 100,000 CHILDREN THE GIFT OF SLEEP FOR 10 YEARS. Ashley for the Arts Ashley HomeStore believes that every child deserves a good night’s sleep. Founded in 2010 on that guiding principle, Ashley HomeStore’s DONATING OVER $2,400,000 TO 60+ NON-PROFITS FOR 11 YEARS. “Hope to Dream” program provides beds to less fortunate children across the U.S. and Canada. A One of Wisconsin’s largest charity events, Ashley Since the event was established in 2009, it has portion of every mattress sale from a participating for the Arts, is held in Arcadia’s Memorial Park grown from an attendance of 300 to over 70,000 Ashley HomeStore helps pay for a bed for a child every year. Ashley for the Arts is a non-profit throughout the weekend. The organization is in need. Since its inception, more than 100,000 initiative that provides the entire family with completely dependent on monetary donations, children have received a brand new bed. The world class entertainment, art and family fun, in-kind services, and the efforts of its volunteers. organization has partnered with NFL, NBA and for a remarkably low cost. As of 2019, the event MLB teams along with other organizations to has raised over $2.4 million for 60+ non-profit host full day celebrations and delivery events for organizations, including participating schools, the recipients. children’s charities and medical research.

Ashley’s Angels

GENERATING OVER $3,000,000 IN DONATIONS AND BENEFITING MORE THAN 20,000 CHILDREN FOR 23 YEARS. Ashley’s Angels is an all-volunteer non-profit organization that provides food, clothing, blankets, and special gift requests for children in need each year. The organization has generated over $3,000,000 in donations and benefited more than 20,000 children in Mississippi, Wisconsin, Pennsylvania and North Carolina since 1997. The community patrons of Ashley’s Angels, including local businesses and volunteers, partner with area schools to provide necessities to children who need it most during the holiday season.

40 ASHLEY FURNITURE INDUSTRIES 41 “WE HAVE ABSOLUTE FAITH Soldier’s Walk THAT THIS PROGRAM WILL ULTIMATELY FIND A CURE Memorial Park Medical FOR DIABETES.” CAMERON WANEK A SALUTE TO ALL WHO HAVE SERVED: PAST, PRESENT AND FUTURE. Research Take a narrated video tour of the park: SoldiersWalkMemorialPark.com

INVESTING IN THE FUTURE. Understanding that the health of our world is reliant on science, Ashley and the Wanek family have long focused on innovative medical research and the benefits it can bring to so many people.

A cornerstone pledge of $50 million was made by the Wanek Family to the City of Hope research project to cure diabetes in six years. The project will create a series of highly- focused programs based at City of Hope that will use an integrated approach to curing type 1 diabetes, which affects more than 1.5 million Americans. The project focuses on three core areas: immune modulation, expansion and replacement, and diabetes complications. It is also believed that some of the research may be useful in treating Persian Gulf War Monument Vietnam War Monument World War II Iwo Jima Monument type 2 diabetes, a growing problem that affects more than 25 million people in the U.S. alone.

ASHLEY VOLUNTEERS HAVE GIVEN MORE THAN TEN THOUSAND HOURS IN PLANNING & DEVELOPING ARCADIA’S MEMORIAL PARK. Founded in 2010, the Todd and Karen Wanek Family Foundation at Mayo Clinic, supports research into how and why heart disease develops and progresses, and Among his many philanthropic contributions, Ron museums in the U.S. This site captures all U.S. wars potential cell-based therapies to repair heart tissue. Wanek is the lead benefactor of the Avenue of with monuments and memorials in chronological Heroes/Soldier’s Walk. Located at Memorial Park order along a 500 meter walk to honor those The Todd and Karen Wanek Family Program for Hypoplastic Left Heart Syndrome is in Arcadia, Wisconsin, Soldier’s Walk is the premier leaders and veterans who fought to give us the a collaborative network of specialists bonded by the vision of delaying or preventing war memorial in the U.S., outside of Washington life and freedom we enjoy today. heart failure for individuals affected by congenital heart defects, including Hypoplastic D.C., and was voted one of the top 5 best military Left Heart Syndrome. The specialized team is addressing the various aspects of these defects by using research and clinical strategies ranging from basic science to diagnostic imaging to regenerative therapies.

The 9/11 Memorial

A twisted, scarred I-beam, once a Together with our employees, we support a variety support for one of the World Trade of other organizations through fundraising efforts and Center towers, arcs into the sky. weekly paycheck contribution programs. Rising between two etched memorial stones are two large granite blocks representing the Twin Towers. Engraved is the date memorializing this tragic moment in U.S. history: 9/11/2001, the day that changed America forever.

42 ASHLEY FURNITURE INDUSTRIES 43 Community Enrichment

WE DON’T JUST MAKE A DIFFERENCE IN HOMES, WE MAKE A DIFFERENCE AT HOME. Crisis

OPENED IN OPENED IN Response AUGUST 2013 AUGUST 2019

HELPING THE COMMUNITIES IN WHICH WE LIVE AND WORK WHEN DISASTER STRIKES. • Over $4 million donated to hurricane victims in the states of Louisiana, Mississippi, Texas, Florida and Puerto Rico. • Over $1 million in furniture donated to flood victims R.G. Wanek Center Wanek School of Natural Sciences in Minnesota, Wisconsin and Nebraska. The R. G. Wanek Center and University Center II are Dedicated by Todd and Karen Wanek, the Wanek School of • Millions of dollars in furniture donated to tornado victims examples of High Point University’s efforts to create an Natural Sciences at High Point University is to help foster the across the United States. engaging and inspiring environment. The building houses knowledge, talent and leadership skills that will encourage • Tens of thousands of dollars donated to local over 500 students along with dining and entertainment students to make significant contributions to our understanding emergency services. options and is the largest building on High Point’s campus. of the natural world. The School is a community of over 450 scientist scholars from five different disciplines: biology, • During the COVID-19 pandemic, we gave back as an biochemistry, chemistry, neuroscience and physics. organization in many ways: • Partnered with Feeding America to provide 4.5 million meals nationwide. • Made thousands of medical gowns for local hospitals in Mississippi. • Donated thousands of mattresses to shelters and OPENED IN OPENED IN hospitals across the country. JANUARY 2020 AUGUST 2020 • Transported and hauled emergency medical supplies and loads of essential goods – water, groceries, agricultural supplies and more to areas most in need.

Wanek Center Holy Family Catholic School The Wanek Center serves as a community recreation and Through a donation from Todd and Karen Wanek, Holy event center as well as athletic space and office space for the Family Catholic School will provide advanced project-based Arcadia School District. The Wanek Center is a joint project learning opportunities, allowing students to learn and between Ronald & Joyce Wanek, Arcadia School District and use a wide variety of materials to enhance their skills and the residents of Arcadia. Ron and Joyce Wanek are the chief interests in the area of STEM. Most importantly, the school’s benefactors along, with Ashley Furniture, who donated time Makerspace will increase student future success through and materials. creativity, critical thinking and cultivating a maker mindset.

44 ASHLEY FURNITURE INDUSTRIES 45 We strive “for nothing less than

earning the

loyalty and trust of our “ customers every day.

TODD WANEK PRESIDENT & CEO