Bassett Furniture Files 8-K for 'Other Events' & Exhibits
Ticker: BSET · Form: 8-K · Filed: Jan 11, 2024 · CIK: 10329
| Field | Detail |
|---|---|
| Company | Bassett Furniture Industries INC (BSET) |
| Form Type | 8-K |
| Filed Date | Jan 11, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $5.00, $0.18 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: regulatory-filing, corporate-governance
TL;DR
**Bassett Furniture filed a standard 8-K, no major news yet but stay tuned for potential updates.**
AI Summary
Bassett Furniture Industries, Inc. filed an 8-K on January 11, 2024, to report an 'Other Event' and 'Financial Statements and Exhibits.' This filing indicates that the company is simply fulfilling its regulatory obligation to update the SEC, likely in preparation for an upcoming announcement or to disclose a minor event that doesn't fall under other specific 8-K items. For investors, this filing itself doesn't contain new financial news, but it signals that more substantive information might be released soon, making it important to stay alert for subsequent filings.
Why It Matters
This filing is a routine regulatory update, indicating that Bassett Furniture is maintaining compliance, but it doesn't provide new financial or operational details. Investors should view this as a procedural step, potentially preceding a more significant announcement.
Risk Assessment
Risk Level: low — This 8-K is a procedural filing and does not contain any information that would directly impact the company's financial risk profile.
Analyst Insight
A smart investor would monitor Bassett Furniture's subsequent SEC filings closely for any substantive announcements that might follow this procedural 8-K, as this filing itself offers no new actionable information.
Key Numbers
- $5.00 — par value per share (par value of Bassett Furniture's Common Stock)
Key Players & Entities
- BASSETT FURNITURE INDUSTRIES INC (company) — the registrant filing the 8-K
- January 11, 2024 (date) — date of earliest event reported and filing date
- 000-00209 (other) — Commission File No. for Bassett Furniture
- BSET (other) — trading symbol for Bassett Furniture's Common Stock
- NASDAQ (other) — exchange where Bassett Furniture's Common Stock is registered
Forward-Looking Statements
- Bassett Furniture will release a more detailed financial or operational update in a subsequent filing. (BASSETT FURNITURE INDUSTRIES INC) — medium confidence, target: Q1 2024
FAQ
What is the purpose of this specific 8-K filing by Bassett Furniture Industries, Inc.?
This 8-K filing by Bassett Furniture Industries, Inc. on January 11, 2024, is categorized under 'Other Events' and 'Financial Statements and Exhibits,' indicating a general disclosure of an event not covered by other specific 8-K items, or the submission of required exhibits.
What is the trading symbol and exchange for Bassett Furniture Industries, Inc.'s common stock?
The trading symbol for Bassett Furniture Industries, Inc.'s Common Stock is BSET, and it is registered on the NASDAQ exchange, as stated in the filing under 'Securities registered pursuant to Section 12(b) of the Act'.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on January 11, 2024, as indicated by the 'Date of Report (Date of earliest event reported)' section.
What is the par value of Bassett Furniture Industries, Inc.'s Common Stock?
The Common Stock of Bassett Furniture Industries, Inc. has a par value of $5.00, as specified in the 'Title of each class' section for 'Common Stock ($5.00 par value)'.
Is Bassett Furniture Industries, Inc. considered an emerging growth company according to this filing?
The filing includes a checkbox section to 'Indicate by check mark whether the registrant is an emerging growth company,' but none of the boxes are checked, meaning the filing does not explicitly state whether Bassett Furniture Industries, Inc. is an emerging growth company.
Filing Stats: 499 words · 2 min read · ~2 pages · Grade level 10.7 · Accepted 2024-01-11 17:18:57
Key Financial Figures
- $5.00 — stered     Common Stock ($5.00 par value)   BSET   NA
- $0.18 — declaration of a quarterly dividend of $0.18 per share of common stock payable on Ma
Filing Documents
- bset20240111_8k.htm (8-K) — 28KB
- ex_614623.htm (EX-99) — 5KB
- bset20240111_8kimg001.jpg (GRAPHIC) — 3KB
- 0001437749-24-001219.txt ( ) — 167KB
- bset-20240111.xsd (EX-101.SCH) — 3KB
- bset-20240111_def.xml (EX-101.DEF) — 11KB
- bset-20240111_lab.xml (EX-101.LAB) — 15KB
- bset-20240111_pre.xml (EX-101.PRE) — 11KB
- bset20240111_8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits.   (d) Exhibits   99 News release issued by Bassett Furniture Industries, Inc. on January 11, 2024. 104 Cover Page Interactive Data File (embedded within the inline XBRL document)        
Signatures
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.   January 11, 2024 By: /s/  J. Michael Daniel J. Michael Daniel Title: Senior Vice President – Chief Financial & Administrative Officer