Bassett Furniture amends bylaws to add universal proxy rules and expand shareholder disclosure

BASSETT FURNITURE INDUSTRIES INC

Added provisions for organization of shareholder meetings and proxy submission details.
Expanded disclosure required from shareholders making director nominations or proposing business.
Added compliance provisions for SEC universal proxy rules (Rule 14a-19) and color proxy cards.
Made technical, clarifying, ministerial, and conforming updates to the bylaws.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

BASSETT FURNITURE INDUSTRIES INC: Approved amendments to the Amended and Restated By-Laws, including provisions regarding shareholder meetings, proxy submissions, director nomination disclosures, universal proxy rules, and other updates (effective 2022-11-22).

Change: bylaw amendment
Effective: 2022-11-22

Exact text from the filing

On and effective November 22, 2022, the Board of Directors of Bassett Furniture Industries, Incorporated (the “Company”), as part of a review of the Company’s governance documents, approved changes to the Company’s Amended and Restated By-Laws (as amended and restated, the “By-Laws”).

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Source: SEC EDGAR

accession 0001437749-22-028017

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