{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-022474","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2024-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:11.947435+00:00","generated_at":"2026-05-31T21:58:14.734770+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bassett Furniture Q2 loss $0.82/sh, revenue down 17%; launches restructuring to save $5.5-6.5M annually","bullets":["Q2 revenues $83.4M, down 17% YoY; operating loss $8.5M includes $5.5M impairment and $2.7M inventory charges.","Loss per share $0.82 vs. diluted EPS $0.24 in prior-year quarter; operating cash flow $5.8M.","Restructuring plan: consolidate wood mfg, close Noa Home e-commerce, drop unproductive lines.","Annual cost savings target $5.5-6.5M; quarterly dividend increased 11%.","Wholesale segment op income $5.7M (10.8% of sales); Retail segment op loss $2.2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-022474","json":"https://secwatch.observer/filing/0001437749-24-022474.json","markdown":"https://secwatch.observer/filing/0001437749-24-022474.md","text":"https://secwatch.observer/filing/0001437749-24-022474.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774924022474/0001437749-24-022474-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774924022474/bset20240710_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T21:58:14.734770+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}