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    Bassett Furniture Industries Incorporated filed SEC Form 8-K: Other Events, Financial Statements and Exhibits

    11/20/24 9:09:02 AM ET
    $BSET
    Home Furnishings
    Consumer Discretionary
    Get the next $BSET alert in real time by email
    bset20241119_8k.htm
    false 0000010329 0000010329 2024-11-20 2024-11-20


     
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, D.C. 20549
     
     

     
    FORM 8-K 
     

     
     
    CURRENT REPORT
     
    PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934
     
    Date of Report (Date of earliest event reported) November 20, 2024
     
     

     
    BASSETT FURNITURE INDUSTRIES, INCORPORATED
    (Exact name of registrant as specified in its charter)
     

     
    Virginia
     
    000-00209
     
    54-0135270
    (State or other jurisdiction of
    incorporation or organization)
     
    (Commission File No.)
     
    (I.R.S. Employer
    Identification No.)
     
    3525 Fairystone Park Highway
    Bassett, Virginia
     
    24055
    (Address of principal executive offices)
     
    (Zip Code)
     
    Registrant’s telephone number, including area code (276) 629-6000
     
    (Former name or former address, if changed since last report)
     
    Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
     
    ☐
    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
    ☐
    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
    ☐
    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
    ☐
    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
     
    Securities registered pursuant to Section 12(b) of the Act:
     
    Title of each class
     
    Trading Symbol
     
    Name of exchange on which registered
    Common Stock ($5.00 par value)
     
    BSET
     
    NASDAQ
     
    Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
     
    Emerging growth company ☐
     
    If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
     
     

     
     
    Item 8.01
    Other Events
     
    On November 20, 2024, Bassett Furniture Industries issued a news release announcing additional cost structure reductions and providing an update on its restructuring plan announced in July 2024. A copy of the news release is attached to the report as Exhibit 99.
     
     
    Item 9.01.
    Financial Statements and Exhibits.
     
    (d) Exhibits
     
    99
    News release issued by Bassett Furniture Industries, Inc. on November 20, 2024.
     
    104
    Cover Page Interactive Data File (embedded within the inline XBRL document)
     
     

     
     
    Signatures
     
    Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
    November 20, 2024
    By:
    /s/ J. Michael Daniel
    J. Michael Daniel
    Title:
    Senior Vice President – Chief Financial & Administrative Officer
                         
     
     
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