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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Filing text
View original ↗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