{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-030988","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2024-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:07.438264+00:00","generated_at":"2026-05-30T16:12:29.944773+00:00","sec_items":["8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Bassett Q3 loss $0.52; revenue $75.6M (-13%); dividend raised 11% to $0.20","bullets":["Diluted loss per share $0.52 vs $0.30 loss in Q3 2023; revenue $75.6M, down 13.3% YoY.","Cyber incident caused 7-day IT and manufacturing shutdown; operating loss includes $1.2M logistics contract abandonment charge.","Gross margin improved to 53.0% (adjusted 53.8%) vs 52.7% in prior year period.","Restructuring plan targets $5.5M-$6.5M annual cost savings, on track to complete by end of Q4.","Quarterly dividend increased 11% to $0.20 per share; payable Nov. 29, 2024 to holders of record Nov. 15."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-030988","json":"https://secwatch.observer/filing/0001437749-24-030988.json","markdown":"https://secwatch.observer/filing/0001437749-24-030988.md","text":"https://secwatch.observer/filing/0001437749-24-030988.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774924030988/0001437749-24-030988-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774924030988/bset20241009_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-30T16:12:29.944773+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"}