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.

Key facts

Extracted from this filing and checked against the source text.

Cybersecurity Incidents SEC 8-K Item 1.05 confidence 0.9

BASSETT FURNITURE INDUSTRIES INC disclosed a cybersecurity incident: unauthorized occurrences on a portion of IT systems. Impact: disruption to operations including interrupted manufacturing and delayed order fulfillment; subsequently restored. Company determined it not material. Discovered 2024-07-10.

Nature: unauthorized occurrences on a portion of IT systems
Impact: disruption to operations including interrupted manufacturing and delayed order fulfillment; subsequently restored
Materiality: not material
Discovery: 2024-07-10

Exact text from the filing

As of the date of this Amendment, Bassett believes the impacts of the cyber incident are not, and are not reasonably likely to be, material to its financial condition and results of operations for the fiscal year.

View on SEC.gov

Browse all cybersecurity incidents →

BASSETT FURNITURE INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001437749-24-024679

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.