Bassett Furniture provides cyber incident update; operations restored, no material impact expected

BASSETT FURNITURE INDUSTRIES INC

Threat actor ejected from systems on July 10, 2024, same day as detection.
IT systems and data restored; retail order fulfillment and wholesale shipments caught up.
No evidence core operating systems (manufacturing, order processing, financial reporting) were impacted.
Company believes incident not and not reasonably likely to be material to fiscal year financial condition or results.
Seeking reimbursement from cybersecurity insurers; amount and timing unknown.

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