Company Update

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) March 31, 2020     BASSETT FURNITURE INDUSTRIES, INCORPORATED (Exact name of registrant as specified in its charter)     Virginia   00 0- 00 209   54-0135270 (State or other jurisdiction of incorporation or organization)   (Commission File No.)   (I.R.S. Employer Identification No.)   3525 F AIRYSTONE P ARK H IGHWAY 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 March 12, 2020, the Company announced that the Board had declared a dividend in the amount of $0.125 per share of common stock payable on May 29, 2020 to holders of record on May 15, 2020.  Given the recent economic and financial disruptions caused by the COVID-19 pandemic, on March 31, 2020, the Board of Directors decided to defer the record date and payment of that dividend until such later time as the Board of Directors determines is prudent in light of the Company’s capital needs and in the best interests of the Company and its stakeholders.           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.   April 2, 2020 By:       /s/ J. Michael Daniel                                             J. Michael Daniel   Title:      Senior Vice President – Chief Financial & Administrative Officer