Bassett Furniture Industries
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Bassett Furniture Industries (BSET) investor relations material

Bassett Furniture Industries Proxy Filing summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Proxy Filing summary11 Feb, 2026

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.

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AGM 202611 Mar, 2026
Bassett Furniture Industries
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AGM 202611 Mar, 2026

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Frequently asked questions

Bassett Furniture Industries Incorporated designs, manufactures, and retails home furnishings including upholstered furniture, case goods, and accessories. The company operates a network of company-owned and licensed retail stores and also sells products through independent dealers. Bassett focuses on custom furniture offerings and quick delivery capabilities. The company is headquartered in Bassett, Virginia, and its shares are listed on the NASDAQ.

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