secwatch.observer — SEC 8-K summary
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Issuer:     BASSETT FURNITURE INDUSTRIES INC (BSET)
CIK:        0000010329
Form:       8-K/A
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001437749-24-024679
Event type: cyber
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.05
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/10329/000143774924024679/0001437749-24-024679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/10329/000143774924024679/bset20240805_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024679

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