Source-grounded facts extracted from BASSETT FURNITURE INDUSTRIES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
BASSETT FURNITURE INDUSTRIES INC reported first quarter ended February 28, 2026 results: revenue $ 80.3, EPS $0.13.
“income was $1.2 million or 1.4% of sales as compared to operating income of $2.5 million or 3.0% of sales for the prior year quarter. ● Gross margin of 56.2% represented an 80-basis point decrease from the prior year due to lower margins in both the wholesale and retail business. ● Selling, general and administrative expenses excluding new store”
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).
“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).”
BASSETT FURNITURE INDUSTRIES INC engaged Grant Thornton LLP as its auditor.
“The Committee, effective as of April 7, 2025, approved the appointment of Grant Thornton LLP as the Company’s independent registered public accounting firm for the fiscal year ending November 29, 2025.”
BASSETT FURNITURE INDUSTRIES INC dismissed Ernst & Young LLP as its auditor.
“The Committee, effective as of April 7, 2025, dismissed Ernst & Young LLP ("Ernst & Young") as the Company’s current independent registered public accounting firm.”
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.
“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.”
BASSETT FURNITURE INDUSTRIES INC disclosed a cybersecurity incident: detected unauthorized occurrences on a portion of its information technology systems, with a threat actor encrypting data files and disrupting business operations. Impact: the Company has not been and is not operating its manufacturing facilities; retail stores and e-commerce are open but order fulfillment is impacted; the incident has had and is reasonably likely to continue to have a material impact on business operations. Materiality is still being assessed. Discovered 2024-07-10.
“As of the date of this filing, the incident has had and is reasonably likely to continue to have a material impact on the Company’s business operations until recovery efforts are completed. The Company has not yet determined whether the incident is reasonably likely to materially impact the Company’s financial condition or results of operations.”
BASSETT FURNITURE INDUSTRIES INC reported financial results for first quarter ended March 2, 2024.
“Bassett Furniture Industries issued a news release relating to the first quarter financial results for the fiscal year ending November 30, 2024”
BASSETT FURNITURE INDUSTRIES INC shareholders approved Advisory vote regarding the approval of the compensation paid to certain executive officers at the 2024-03-06 meeting.
“To consider and act on an advisory vote regarding the approval of the compensation paid to certain executive officers. The final tabulation was as follows: Proposal Votes For Votes Against Votes Abstain Broker Non-Vote Approval of Officer Compensation 5,408,305 138,144 20,487 1,638,885”
BASSETT FURNITURE INDUSTRIES INC shareholders approved Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm at the 2024-03-06 meeting.
“Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm. The final tabulation was as follows: Proposal Votes For Votes Against Votes Abstain Broker Non- Vote Ratification of Ernst & Young LLP 7,091,942 87,560 26,319 -”
BASSETT FURNITURE INDUSTRIES INC shareholders approved Election of Directors at the 2024-03-06 meeting.
“All director nominees were elected. The voting tabulation was as follows: Nominee Votes For Votes Withheld Votes Abstain Broker Non- Vote Emma S. Battle 5,519,928 47,009 - 1,638,884 John R. Belk 5,520,783 46,154 - 1,638,884 Kristina Cashman 5,449,049 117,888 - 1,638,884 Virginia W. Hamlet 5,467,060 99,877 - 1,638,884 J. Walter McDowell 5,479,200 87,737 - 1,638,884 Robert H. Spilman, Jr. 5,480,157 86,780 - 1,638,884 William C. Wampler, Jr. 5,298,762 268,175 - 1,638,884 William C. Warden, Jr. 5,367,500 199,437 - 1,638,884”
BASSETT FURNITURE INDUSTRIES INC reported fourth quarter ended November 25, 2023 results: revenue $ 94.7, EPS ($0.47).
“Quarter Highlights (Dollars in millions) Sales Operating Income (Loss) 4th Qtr Dollar % 4th Qtr % of 4th Qtr % of 2023 2022 Change Change 2023 Sales 2022 Sales Consolidated (1) $ 94.7 $ 121.0 $ (26.3 ) -21.7 % $ (4.5 ) -4.8 % $ 6.7 5.5 % Wholesale $ 60.6 $ 74.6 $ (14.0 ) -18.8 % $ 8.4 13.9 % $ 10.3 13.8 % Retail $ 57.9 $ 74.5 $ (16.6 ) -22.3 % $ 0.2 0.3 % $ 5.5”
BASSETT FURNITURE INDUSTRIES INC: Amended By-Laws to expressly allow virtual meetings of stockholders at the discretion of the Board (effective 2024-01-10).
“On and effective January 10, 2024, the Board of Directors (the “Board”) of Bassett Furniture Industries, Incorporated (the “Company”), as part of a review of the Company’s governance documents, approved changes to the Company’s Amended and Restated By-Laws (as amended and restated, the “By-Laws”). The amendments amend provisions in Article II, Section 3 of the By-Laws regarding the location and organization of Shareholder meetings to add provisions that expressly allow for virtual meetings of the Company’s stockholders by means of remote communication at the discretion of the Board.”
David C. Baker departed as Senior Vice President, Chief Retail Officer at BASSETT FURNITURE INDUSTRIES INC.
“Bassett Furniture Industries, Inc. announced today that David C. Baker, Senior Vice President, Chief Retail Officer, is retiring from his position with the Company effective November 30, 2023.”
BASSETT FURNITURE INDUSTRIES INC reported financial results for third quarter ended August 26, 2023.
“On September 28, 2023, Bassett Furniture Industries issued a news release relating to the third quarter financial results for the fiscal year ending November 25, 2023. A copy of the news release announcing this information is attached to this report as Exhibit 99.1.”
BASSETT FURNITURE INDUSTRIES INC reported the quarter ended August 26, 2023 results: revenue approximately $87 million, net income expects to report an operating and net loss for the quarter.
“Va.) – September 6, 2023 – Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today that consolidated net sales for the quarter ended August 26, 2023 were approximately $87 million or 26% lower than the corresponding period in 2022, and that as a result, it expects to report an operating and net loss for the quarter. While wholesale shipments dropped by 27%”
BASSETT FURNITURE INDUSTRIES INC reported financial results for second quarter ended May 27, 2023.
“On June 29, 2023, Bassett Furniture Industries issued a news release relating to the second quarter financial results for the fiscal year ending November 25, 2023.”
BASSETT FURNITURE INDUSTRIES INC reported first quarter ended February 25, 2023 results: revenue $ 107.7.
“Bassett Furniture Industries, Inc. (Nasdaq: BSET) announced today its results of operations for its first quarter ended February 25, 2023. Fiscal 2023 First Quarter Highlights of Continuing Operations (Dollars in millions) Sales Operating Income (Loss) 1st Qtr Dollar % 1st Qtr % of 1st Qtr % of 2023 2022 Change Change 2023 Sales 2022 Sales Consolidated (1) $ 107.7 $ 117.9 $ (10.2 ) -8.7 % $ 2.7 2.5 % $ 6.5 5.5 %”
BASSETT FURNITURE INDUSTRIES INC shareholders approved Approval of Officer Compensation at the 2022-03-08 meeting.
“To consider and act on an advisory vote regarding the approval of the compensation paid to certain executive officers. The final tabulation was as follows: Proposal Votes For Votes Against Votes Abstain Broker Non-Vote Approval of Officer Compensation 5,818,300 206,189 51,361 1,207,477”
BASSETT FURNITURE INDUSTRIES INC shareholders approved Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm at the 2022-03-08 meeting.
“Ratification of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm. The final tabulation was as follows: Proposal Votes For Votes Against Votes Abstain Broker Non-Vote Ratification of Ernst & Young LLP 7,127,696 139,580 16,023 28”
BASSETT FURNITURE INDUSTRIES INC shareholders approved Election of Directors at the 2022-03-08 meeting.
“all director nominees were elected. The voting tabulation was as follows: Nominee Votes For Votes Withheld Votes Abstain Broker Non-Vote Emma S. Battle 6,031,368 44,487 - 1,207,472 John R. Belk 6,019,947 55,935 - 1,207,472 Kristina Cashman 5,989,185 86,670 - 1,207,472 Virginia W. Hamlet 5,707,108 368,747 - 1,207,472 J. Walter McDowell 6,004,117 71,738 - 1,207,472 Robert H. Spilman, Jr. 6,002,903 72,952 - 1,207,472 William C. Wampler, Jr. 5,608,871 466,984 - 1,207,472 William C. Warden, Jr. 5,637,988 437,867 - 1,207,472”
BASSETT FURNITURE INDUSTRIES INC reported fourth quarter ended November 26, 2022 results: revenue $121.0 million.
“We posted revenue of $121.0 million in our fourth quarter, a 5.8% increase against the backdrop of an increasingly difficult macroeconomic environment as we head into another year.”
BASSETT FURNITURE INDUSTRIES INC: Approved amendments to the Amended and Restated By-Laws, including provisions regarding shareholder meetings, proxy submissions, director nomination disclosures, universal proxy rules, and other updates (effective 2022-11-22).
“On and effective November 22, 2022, the Board of Directors of Bassett Furniture Industries, Incorporated (the “Company”), as part of a review of the Company’s governance documents, approved changes to the Company’s Amended and Restated By-Laws (as amended and restated, the “By-Laws”).”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.