Recent 8-K filings for BSET
Highest-materiality recent filing
Bassett Furniture suffers cyber incident; manufacturing halted, order fulfillment impacted
- Detected unauthorized access on July 10, 2024; data files encrypted by threat actor.
- Containment measures included shutting down systems; manufacturing facilities not operating as of July 15.
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Bassett Furniture SVP-Chief Sales Officer Bruce Cohenour to retire May 31, 2026
Bruce Cohenour, SVP-Chief Sales Officer, will retire effective May 31, 2026.
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Bassett Q1 revenue falls 2.2% to $80.3M; EPS drops to $0.13 from $0.21
Operating income $1.2M vs $2.5M prior year; gross margin 56.2%, down 80 bps.
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Bassett declares regular $0.20 quarterly dividend payable May 29, 2026
Quarterly dividend of $0.20 per share declared by Board of Directors.
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Bassett Furniture shareholders elect all 9 director nominees, approve auditor and ESPP amendment
All 9 director nominees elected with votes-for ranging from 5,039,435 to 5,329,744.
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Bassett Q4 revenue up 5.1% to $88.7M; operating income $2.3M vs $0.9M year ago
Diluted EPS $0.18 vs $0.38 prior year; prior year included $2.6M tax benefit, excluding which EPS would have been $0.08.
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Bassett declares $0.20 quarterly dividend; payable Feb 27, 2026
Quarterly dividend of $0.20 per share declared on January 15, 2026.
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Bassett Furniture declares $0.20 quarterly dividend, payable Nov 28, 2025
Dividend of $0.20 per share declared, payable November 28, 2025 to shareholders of record November 14, 2025.
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Bassett Furniture Q3 revenue up 5.9% to $80.1M; EPS $0.09 vs loss of $0.52
Revenue $80.1M (+5.9% YoY); wholesale segment $50.8M (+6.2%), retail $51.9M (+9.8%).
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Bassett Furniture amends bylaws to set director range of 7-10, fixes board at 9
Board approved bylaw amendment changing director count from fixed 8 to a range of 7-10.
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Bassett Furniture elects James E. Goergen to board effective July 22, 2025
James E. Goergen elected director effective July 22, 2025, serving until 2026 annual meeting.
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Bassett Furniture Q2 revenues up 1.1% to $84.3M; EPS $0.22 vs -$0.82 prior year
Revenues of $84.3M, up 1.1% YoY; operating income $2.5M vs prior year loss of $8.5M.
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Bassett Furniture dismisses Ernst & Young, appoints Grant Thornton as FY2025 auditor
Dismissed Ernst & Young as independent auditor effective April 7, 2025, after competitive selection process.
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Bassett reports Q1 EPS $0.21 vs loss; normalized sales up 2.2%
Revenue $82.2M, down 5.1% as-reported; adjusted for prior-year 14th week, up 2.2%.
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Bassett declares $0.20 quarterly dividend, payable May 30, 2025
Quarterly dividend of $0.20 per share, unchanged from prior quarter.
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Bassett Furniture shareholders elect all eight director nominees at 2025 annual meeting
All eight director nominees elected with majority support; Emma S. Battle received 5,080,658 votes for.
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Bassett Furniture posts Q4 EPS of $0.38, revenue down 11% to $84.3M
Diluted EPS of $0.38 vs a loss of $0.47; operating income of $0.9M from a loss of $4.5M.
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Bassett Furniture declares $0.20 quarterly dividend, payable Feb 28, 2025
Dividend of $0.20 per share declared, consistent with prior quarterly rate.
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Bassett Furniture cuts workforce, projects $8M-$9M annual savings from restructuring
Workforce reduction yields ~$2.5M annual savings; headcount down 11% over past year.
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Bassett Q3 loss $0.52; revenue $75.6M (-13%); dividend raised 11% to $0.20
Diluted loss per share $0.52 vs $0.30 loss in Q3 2023; revenue $75.6M, down 13.3% YoY.
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Bassett Furniture provides cyber incident update; operations restored, no material impact expected
Threat actor ejected from systems on July 10, 2024, same day as detection.
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Bassett Furniture suffers cyber incident; manufacturing halted, order fulfillment impacted
Detected unauthorized access on July 10, 2024; data files encrypted by threat actor.
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Q2 revenues $83.4M, down 17% YoY; operating loss $8.5M includes $5.5M impairment and $2.7M inventory charges.
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Bassett raises quarterly dividend 11% to $0.20 per share
Quarterly dividend increased 11% to $0.20 per share from prior rate.
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Bassett Furniture CEO to present at WTR virtual investor conference on June 6
Rob Spilman, CEO and Chairman, will present at WTR's inaugural Consumer Products Virtual Investor Conference.
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Bassett Furniture Q1 sales down 19.6% to $86.6M, posts net loss of $1.2M
Sales $86.6M, down 19.6% YoY; operating loss of $2.4M vs income $2.7M last year.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.55 · Most common event earnings