Filing Analysis
Bassett Furniture Industries, Inc. announced the declaration of a quarterly dividend of $0.20 per share of common stock.
📋 Key Facts
- Dividend amount: $0.20 per share of common stock.
- Record date: August 14, 2026.
- Payment date: August 28, 2026.
Bassett Furniture Industries, Inc. filed an 8-K to announce the release of its second quarter financial results for the fiscal year ending November 28, 2026.
📋 Key Facts
- Report date: July 1, 2026
- Subject matter: Second quarter financial results announcement
- Fiscal year end context: Fiscal year ending November 28, 2026
- Signatory: J. Michael Daniel, Senior Vice President – Chief Financial & Administrative Officer
Bassett Furniture Industries announced that Bruce Cohenour, Senior Vice President and Chief Sales Officer, will retire from the company effective May 31, 2026.
📋 Key Facts
- Bruce Cohenour, SVP-Chief Sales Officer, announced his retirement on April 21, 2026.
- The effective date of the retirement is May 31, 2026.
- The filing was made under Item 5.02 of Form 8-K.
Bassett Furniture Industries announced its first-quarter financial results for the fiscal year ending November 28, 2026, via a news release.
📋 Key Facts
- The company issued a news release on April 1, 2026, regarding Q1 financial results.
- The fiscal year for the company ends on November 28, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
Bassett Furniture Industries reported the results of its 2026 annual meeting of shareholders held on March 11, 2026. Shareholders elected nine directors, ratified the appointment of Grant Thornton LLP as the independent auditor, and approved an increase of 200,000 shares for the company's Employee Stock Purchase Plan.
📋 Key Facts
- The annual meeting was held on March 11, 2026, with 8,686,117 shares of common stock outstanding as of the record date.
- All nine director nominees were elected, including Robert H. Spilman, Jr. and William C. Wampler, Jr.
- Grant Thornton LLP was ratified as the independent registered public accounting firm for the fiscal year ending November 28, 2026, with 7,029,411 votes in favor.
- An amendment to the 2017 Employee Stock Purchase Plan was approved to increase the number of shares available for issuance by 200,000.
- The advisory vote on executive compensation ('Say-on-Pay') passed with 5,166,388 votes in favor versus 156,209 against.
Bassett Furniture Industries announced a quarterly cash dividend of $0.20 per share of common stock. The dividend is scheduled to be paid on May 29, 2026, to shareholders of record as of May 15, 2026.
📋 Key Facts
- Quarterly dividend amount is $0.20 per share.
- The record date for the dividend is May 15, 2026.
- The payment date for the dividend is May 29, 2026.
- The announcement was made via a news release on March 12, 2026.
Bassett Furniture Industries, Inc. filed an 8-K to announce the release of its fourth quarter financial results for the fiscal year ending November 29, 2025.
📋 Key Facts
- The filing relates to the announcement of Q4 and full fiscal year 2025 financial results.
- Results were released via news release on February 4, 2026.
- Fiscal year ended November 29, 2025.
Bassett Furniture Industries, Inc. announced the declaration of a quarterly cash dividend of $0.20 per share of common stock.
📋 Key Facts
- Dividend amount: $0.20 per share of common stock.
- Record date: February 13, 2026.
- Payment date: February 27, 2026.
Bassett Furniture Industries, Inc. announced the declaration of a quarterly dividend of $0.20 per share of common stock.
📋 Key Facts
- Dividend amount: $0.20 per share of common stock.
- Record date: November 14, 2025.
- Payment date: November 28, 2025.
Bassett Furniture Industries, Inc. filed an 8-K to announce the release of its third quarter financial results for the fiscal year ending November 29, 2025.
📋 Key Facts
- The filing is a notification regarding the issuance of a news release on October 8, 2025.
- The news release contains the company's third quarter financial results.
- Exhibit 99.1 contains the full text of the news release.
Bassett Furniture Industries, Inc. announced the election of James E. Goergen to its Board of Directors. Mr. Goergen will serve as an independent outside director starting July 22, 2025.
📋 Key Facts
- James E. Goergen was elected to the Board on July 16, 2025.
- Term of service: From July 22, 2025, until the 2026 Annual Meeting of Stockholders (and thereafter if re-elected).
- The Board has designated Mr. Goergen as an independent outside director.
- Compensation will be a pro-rated Board retainer per the Company's non-employee director compensation policy.
Bassett Furniture Industries, Inc. has amended its Bylaws to change the authorized number of directors from a fixed eight to a range between seven and ten. The Board has also set the current number of directors at nine.
📋 Key Facts
- Amendment to Article III, Section 2 of the Company's By-Laws effective July 16, 2025.
- The previous fixed number of eight directors is replaced by a range of no fewer than seven (7) and no more than ten (10).
- The Board has officially fixed the current number of Directors at nine.
Bassett Furniture Industries, Inc. issued an 8-K to announce the release of its second quarter financial results for the fiscal year ending November 29, 2025.
📋 Key Facts
- The filing relates to news release regarding Q2 financial results.
- Report date: July 9, 2025.
- Fiscal year end is November 29, 2025.
Bassett Furniture Industries, Inc. has dismissed Ernst & Young LLP as its independent registered public accounting firm and appointed Grant Thornton LLP for the fiscal year ending November 29, 2025.
🚩 Red Flags
- Change in auditor (Item 4.01) can sometimes signal underlying disagreements, though the filing explicitly denies any such disputes.
📋 Key Facts
- Effective date of change: April 7, 2025.
- Dismissed auditor: Ernst & Young LLP.
- New auditor: Grant Thornton LLP.
- The company stated there were no disagreements with Ernst & Young regarding accounting principles, practices, financial statement disclosure, or auditing scope/procedures for the fiscal years ended Nov 30, 2024, and Nov 25, 2023, or the interim period through April 7, 2025.
- The company confirmed no reportable events occurred during these periods.
Bassett Furniture Industries, Inc. filed an 8-K to announce the release of its first quarter financial results for the fiscal year ending November 29, 2025.
📋 Key Facts
- The filing is a formal announcement of Q1 fiscal year 2025 financial results.
- News release issued on April 2, 2025, is attached as Exhibit 99.1.
- Reported under Item 8.01 (Other Events).
Bassett Furniture Industries, Inc. reported the results of its 2025 annual meeting of shareholders held on March 12, 2025. All director nominees were elected and shareholders approved the ratification of Ernst & Young LLP as the independent auditor.
📋 Key Facts
- Annual meeting held on March 12, 2025.
- All eight director nominees were successfully elected to the Board.
- Shareholders ratified Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm with 7,205,397 votes in favor.
- Advisory vote on officer compensation was approved (5,155,674 votes for).
- Shareholders voted to approve the frequency of shareholder approval of executive compensation at a 1-year interval (4,595,490 votes for).
Bassett Furniture Industries, Inc. announced the declaration of a quarterly dividend of $0.20 per share of common stock.
📋 Key Facts
- Dividend amount: $0.20 per share of common stock.
- Record date: May 16, 2025 (close of business).
- Payment date: May 30, 2025.
Bassett Furniture Industries, Inc. issued an 8-K to announce the release of its fourth quarter financial results for the fiscal year ended November 30, 2024.
📋 Key Facts
- The filing is a formal announcement of Q4 FY2024 financial results.
- Report date: January 29, 2025.
- Fiscal year end referenced: November 30, 2024.
- Information was disseminated via news release (Exhibit 99.1).
Bassett Furniture Industries, Inc. announced the declaration of a quarterly dividend of $0.20 per share of common stock.
📋 Key Facts
- Dividend amount: $0.20 per share of common stock.
- Record date: February 14, 2025 (close of business).
- Payment date: February 28, 2025.
Bassett Furniture Industries issued a news release regarding additional cost structure reductions and an update on its restructuring plan originally announced in July 2024.
🚩 Red Flags
- Ongoing restructuring and cost-cutting measures often indicate pressure on margins or declining demand in the core business sector.
📋 Key Facts
- Company is implementing additional cost structure reductions as of November 20, 2024.
- The announcement serves as an update to the broader restructuring plan initiated in July 2024.
- The filing includes a news release (Exhibit 99) detailing these operational changes.
Bassett Furniture Industries, Inc. filed an 8-K to announce the issuance of a news release regarding its third quarter financial results for the fiscal year ending November 30, 2024.
📋 Key Facts
- The filing relates to Q3 financial results for the fiscal year ending Nov 30, 2024.
- News release was issued on October 9, 2024.
- Information is provided via Exhibit 99.1.
This is an amendment to a previous 8-K regarding a cybersecurity incident detected on July 10, 2024. The company reports that the threat actor was ejected from their IT systems and core operating systems (manufacturing, wholesale, retail, financial reporting) appear unaffected.
🚩 Red Flags
- Operational disruption: Temporary interruption of manufacturing and supply chain delays occurred due to system shutdowns.
- Ongoing investigation: The full scope of potential data compromise (personal or proprietary) is still being determined.
📋 Key Facts
- Unauthorized occurrences were detected in IT systems on July 10, 2024.
- The incident caused temporary disruptions to manufacturing at domestic plants and delays in order fulfillment/wholesale shipments.
- As of the report date, retail order fulfillment and wholesale orders have been caught up.
- Core operating systems for manufacturing, wholesale, retail, and financial reporting were not impacted according to preliminary investigation.
- The company believes the incident is not material to its overall financial condition or results of operations for the fiscal year.
- Bassett intends to seek reimbursement through cybersecurity insurance.
Bassett Furniture Industries reported a material cybersecurity incident detected on July 10, 2024, involving unauthorized access and data encryption by a threat actor. The incident has forced the shutdown of manufacturing facilities and is expected to have a material impact on business operations.
🚩 Red Flags
- Operational disruption: Manufacturing facilities are offline.
- Materiality: The company explicitly states the incident is 'reasonably likely to continue to have a material impact on the Company’s business operations'.
- Uncertainty: The full scope, nature, and financial impact of the breach remain undetermined.
📋 Key Facts
- Incident detected on July 10, 2024.
- Threat actor encrypted some data files, disrupting business operations.
- Manufacturing facilities are currently not operating due to containment measures (system shutdowns).
- Retail stores and e-commerce remain open for orders, but fulfillment is impacted.
- The company does not believe consumer personal information was compromised at this time.
- Full scope and financial impact of the incident are currently unknown.
Bassett Furniture Industries, Inc. filed an 8-K to announce the release of its second quarter financial results for the fiscal year ending November 30, 2024.
📋 Key Facts
- The filing was made on July 10, 2024.
- The report pertains to the issuance of a news release regarding Q2 fiscal year 2024 financial results.
- Exhibit 99.1 contains the full news release.
Bassett Furniture Industries, Inc. announced the declaration of a quarterly dividend of $0.20 per share. The dividend is payable on August 30, 2024, to shareholders of record as of August 16, 2024.
📋 Key Facts
- Dividend amount: $0.20 per share of common stock.
- Record date: August 16, 2024 (close of business).
- Payment date: August 30, 2024.
Bassett Furniture Industries, Inc. announced that CEO and Chairman Rob Spilman will participate in a virtual fireside chat at the WTR Consumer Products Virtual Investor Conference on June 6, 2024.
📋 Key Facts
- CEO Rob Spilman to present via virtual fireside chat with Budd Bugatch (WTR's Head of Consumer Hardlines).
- Event date: June 6, 2024, at 11:15 am ET.
- The presentation is part of WTR's inaugural Consumer Products Virtual Investor Conference.
Bassett Furniture Industries, Inc. filed an 8-K to announce its first quarter financial results for the fiscal year ending November 30, 2024.
📋 Key Facts
- The filing was made on April 3, 2024.
- The report pertains to Item 2.02 (Results of Operations and Financial Condition).
- A news release regarding the Q1 financial results is attached as Exhibit 99.1.
The company held its 2024 annual meeting of shareholders on March 6, 2024. All director nominees were elected and shareholders approved the ratification of Ernst & Young LLP as the independent auditor.
📋 Key Facts
- Annual meeting held on March 6, 2024.
- All eight director nominees were successfully elected.
- Shareholders ratified Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm with 7,091,942 votes in favor.
- Advisory vote regarding officer compensation was held; results showed 5,408,305 votes for approval.
- Total common stock outstanding at record date: 8,817,298 shares.
Bassett Furniture Industries, Inc. announced the declaration of a quarterly dividend of $0.18 per share of common stock.
📋 Key Facts
- Dividend amount: $0.18 per share of common stock.
- Record date: May 17, 2024 (at the close of business).
- Payment date: May 31, 2024.
Bassett Furniture Industries, Inc. filed an 8-K to announce its fourth quarter financial results for the fiscal year ending November 25, 2023.
📋 Key Facts
- Report date: January 25, 2024
- Reporting period: Fourth quarter of fiscal year ending November 25, 2023
- The filing serves as a vehicle to release the company's quarterly earnings news release (Exhibit 99.1).
Bassett Furniture Industries, Inc. has amended its By-Laws to allow the Board of Directors the discretion to hold stockholder meetings virtually via remote communication.
📋 Key Facts
- Effective date of amendment: January 10, 2024.
- Amendment specifically targets Article II, Section 3 of the By-Laws.
- The change allows for virtual shareholder meetings at the Board's discretion.
Bassett Furniture Industries, Inc. announced the declaration of a quarterly dividend of $0.18 per share of common stock.
📋 Key Facts
- Dividend amount: $0.18 per share of common stock.
- Record date: February 16, 2024 (at the close of business).
- Payment date: March 1, 2024.