Bassett Furniture Industries (BSET) investor relations material

Executive summary

• Annual Meeting scheduled for March 11, 2026, to be held virtually, with voting on key proposals including director elections, auditor ratification, executive compensation, and an amendment to the Employee Stock Purchase Plan.

• Record date for voting is January 23, 2026; 8,686,117 shares of common stock outstanding as of that date.

• Proxy materials and annual report are available online for shareholder review.

Voting matters and shareholder proposals

• Election of nine director nominees for one-year terms.

• Ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending November 28, 2026.

• Advisory vote on executive compensation (say-on-pay).

• Approval of amendment to the 2017 Employee Stock Purchase Plan to increase shares available by 200,000.

• Procedures for shareholder proposals and director nominations for the 2027 Annual Meeting are outlined, with specific deadlines.

Board of directors and corporate governance

• Board consists of nine directors, with a majority determined independent under NASDAQ standards.

• Two standing committees: Audit Committee and Organization, Compensation and Nominating Committee.

• Board leadership includes a combined Chairman/CEO and a Lead Independent Director.

• All directors attended at least 75% of meetings in fiscal 2025.

• Board emphasizes diversity in skills, experience, and background, though no formal diversity policy exists.