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8-KThe WireRoutine

Shareholder Vote

Filed Mar 13, 2025 · 1y ago · Accession 0001437749-25-007524

Plain English

Material event — a significant development the company must disclose promptly.

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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 12, 2025     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 5.07. Submission of Matters to a Vote of Security Holders   The Company’s 2025 annual meeting of shareholders was held on March 12, 2025. As of the record date for the meeting, the Company had 8,788,356 of common stock outstanding, each of which is entitled to one vote. According to the final voting results, all director nominees were elected.   The voting tabulation was as follows:   Nominee   Votes For   Votes Withheld   Votes Abstain     Broker Non- Vote                   Emma S. Battle   5,080,658   220,784    -      2,042,785 John R. Belk   5,085,678   215,764    -      2,042,785 Kristina Cashman   5,032,106   269,336    -      2,042,785 Virginia W. Hamlet   5,018,974   282,468    -      2,042,785 J. Walter McDowell   5,060,382   241,060    -      2,042,785 Robert H. Spilman, Jr.   5,048,016   253,426    -      2,042,785 William C. Wampler, Jr.   4,937,710   363,732    -      2,042,785 William C. Warden, Jr.   4,936,728   364,714    -      2,042,785     At the annual meeting, the shareholders also voted on three proposals:     1. 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    7,205,397    103,753    35,077    -        2. 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    5,155,674    80,494    65,274    2,042,785     3. To consider and act on an advisory vote regarding the frequency of shareholder approval of the compensation paid to certain executive officers.   The final tabulation was as follows:   Proposal   1 Year   2 Years   3 Years   Votes Abstain   Broker Non- Vote                       Frequency of Approval of Officer Compensation    4,595,490    11,736    616,996    77,220    2,042,785         Item 9.01. Financial Statements and Exhibits.   (d) Exhibits   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.     BASSETT FURNITURE INDUSTRIES, INCORPORATED       Date: March 13, 2025 By:/s/ J. Michael Daniel     J. Michael Daniel     Title:      Senior Vice President - Chief Financial Officer
Filing details
Ticker
BSET
CIK
10329
Form type
8-K
Filing date
Mar 13, 2025
Report date
Mar 12, 2025
Document
bset20250313c_8k.htm
Size
203 KB