{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-25-023205","form_type":"8-K","ticker":"BSET","cik":"0000010329","company_name":"BASSETT FURNITURE INDUSTRIES INC","filed_at":"2025-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.162954+00:00","generated_at":"2026-05-18T04:03:17.897543+00:00","sec_items":["5.03","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Bassett Furniture amends bylaws to set director range of 7-10, fixes board at 9","bullets":["Board approved bylaw amendment changing director count from fixed 8 to a range of 7-10.","Board also fixed the current number of directors at nine, effective July 16, 2025.","Amendment modifies Article III, Section 2 of the company's Amended and Restated By-Laws."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-25-023205","json":"https://secwatch.observer/filing/0001437749-25-023205.json","markdown":"https://secwatch.observer/filing/0001437749-25-023205.md","text":"https://secwatch.observer/filing/0001437749-25-023205.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/10329/000143774925023205/0001437749-25-023205-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/10329/000143774925023205/bset20250721_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:03:17.897543+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":[{"claim_id":"3cc61e7aad8355213405935f30cd79fd139023ee","claim":"BASSETT FURNITURE INDUSTRIES INC: Amended Article III, Section 2 to change board size from fixed at eight to a range of seven to ten directors; currently fixed at nine directors (effective 2025-07-16).","evidence_excerpt":"On and effective July 16, 2025, the Board of Directors (the “Board”) of Bassett Furniture Industries, Incorporated (the “Company”) approved an amendment to the Company’s Amended and Restated By-Laws (as amended and restated, the “By-Laws”). The amendment amends a provision in Article III, Section 2 of the Company’s By-laws that had set the number of directors at eight to provide for a range in the number of Directors to serve of no fewer than seven (7) and no more than ten (10).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/10329/000143774925023205/0001437749-25-023205-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2025-07-16"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}