Bassett Furniture Files 2025 Proxy Statement

TL;DR

Bassett Furniture's proxy statement is out - time to vote on directors and company proposals.

AI Summary

Bassett Furniture Industries, Inc. filed its definitive proxy statement on February 14, 2025, for its annual meeting of stockholders. The filing details the company's governance, executive compensation, and proposals to be voted on by shareholders. Key information regarding director nominations and auditor ratification is expected to be presented.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and important corporate matters.

Risk Assessment

Risk Level: low — This is a routine annual filing providing information to shareholders and does not inherently present new risks.

Key Players & Entities

• BASSETT FURNITURE INDUSTRIES INC (company) — Registrant
• 0001437749-25-003830 (filing_id) — Accession Number
• 20250214 (date) — Filing Date

FAQ

Key Financial Figures

• $5.00 — r each share of Common Stock, par value $5.00 per share, of the Company (the "common

Filing Documents

• bset20250211_def14a.htm (DEF 14A) — 530KB
• bset01.jpg (GRAPHIC) — 354KB
• bset02.jpg (GRAPHIC) — 279KB
• bset03.jpg (GRAPHIC) — 137KB
• graph01.jpg (GRAPHIC) — 48KB
• graph02.jpg (GRAPHIC) — 45KB
• 0001437749-25-003830.txt ( ) — 1720KB

From the Filing

DEF 14A 1 bset20250211_def14a.htm FORM DEF 14A bset20250211_def14a.htm UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 Bassett Furniture Industries, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11 BASSETT FURNITURE INDUSTRIES, INCORPORATED Bassett, Virginia NOTICE OF ANNUAL MEETING OF STOCKHOLDERS TO BE HELD MARCH 12, 2025 NOTICE IS HEREBY GIVEN that the Annual Meeting of Stockholders of Bassett Furniture Industries, Incorporated (the "Company"), will be held on Wednesday, March 12, 2025, at 10:00 a.m., local time (the "Annual Meeting"), virtually, via live audio webcast. You can access the Annual Meeting by visiting https://web.lumiconnect.com/201995786 (password: bassett2025). To participate in the Annual Meeting, you will need the 11-digit control number included on your proxy card if you are a registered shareholder or the 16-digit control number obtained in the manner prescribed by your nominee. We encourage you to access the meeting prior to the start time to allow time for check in. Please note that there is no in-person Annual Meeting for you to attend. If you experience technical difficulties during the check-in process or during the meeting, please contact https://go.lumiglobal.com/faq for assistance. If your shares are not registered in your own name and you plan to vote online and ask questions during the annual meeting, you must contact your broker or nominee in whose name your shares are registered to obtain a legal proxy. The Annual Meeting will be held for the purpose of considering and acting upon the following: 1. To elect each of the eight director nominees named in this proxy statement for a one-year term or until his or her successor is duly elected and qualified. 2. A proposal to ratify the selection of Ernst & Young LLP as its independent registered public accounting firm for the fiscal year ending November 29, 2025. 3. To consider and act on an advisory vote regarding the approval of compensation paid to certain executive officers ("say-on-pay"). 4. To consider and act on an advisory vote regarding the frequency of stockholder approval of the compensation paid to certain executive officers ("say-on-frequency"). 5. Any and all other matters that may properly come before the meeting or any adjournment thereof. The Board of Directors has fixed the close of business on January 23, 2025 as the record date for determining the stockholders entitled to notice of and to vote at the meeting and any adjournment thereof, and only holders of Common Stock of the Company of record at such date will be entitled to notice of or to vote at the meeting. YOUR VOTE IS VERY IMPORTANT TO US. REGARDLESS OF WHETHER YOU PLAN TO ATTEND THE MEETING, PLEASE ACT PROMPTLY TO VOTE YOUR SHARES BY RETURNING THE ENCLOSED PROXY, DATED AND SIGNED. THE PROXY MAY BE REVOKED BY YOU AT ANY TIME BEFORE IT IS EXERCISED AND WILL NOT BE EXERCISED IF YOU ATTEND THE VIRTUAL MEETING AND VOTE VIRTUALLY AT THE MEETING. By Order of the Board of Directors Robert H. Spilman, Jr. Chairman and Chief Executive Officer Bassett, Virginia February 12, 2025 IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE 2025 ANNUAL MEETING OF STOCKHOLDERS TO BE HELD MARCH 12, 2025 The Company ' s Proxy Statement for the 2025 Annual Meeting of Stockholders and the Annual Report for the fiscal year ended November 30, 2024 are available at http://investors.bassettfurniture.com. BASSETT FURNITURE INDUSTRIES, INCORPORATED 3525 Fairystone Park Highway, Bassett, Virginia 24055 PROXY STATEMENT General This Proxy Statement is furnished in connection with the solicitation by the Board of Directors of proxies to be used at the Annual Meeting of Stockholders of Bassett Furniture Industries, Incorporated (the "Company" or "Bassett") to be held at 10:00 a.m., local time, on Wednesday, March 12, 2025, virtually, via live audio webcast at https://web.lumiconnect.com/201995786. During the virtual meeting, stockholders of record or street holders who have obtained a legal proxy from their broker or nominee will be able to vote shares electronically and submit appropriate questions online during the annual meeting and the Company will answer appropriate que

View Full Filing

View this DEF 14A filing on SEC EDGAR