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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 10, 2021
 

 
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 Fiarystone Park Highway
Bassett, Virginia
 
24055
(Address of principal executive offices)
 
(Zip Code)
 
Registrants 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 2021 annual meeting of shareholders was held on March 10, 2021. As of the record date for the meeting, the Company had 9,949,314 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
    5,507,113       159,540       -       1,828,050  
John R. Belk
    5,512,153       154,500       -       1,828,050  
Kristina Cashman
    5,229,691       436,962       -       1,828,050  
Virginia W. Hamlet
    5,506,480       160,173       -       1,828,050  
J. Walter McDowell
    5,511,544       155,109       -       1,828,050  
Robert H. Spilman, Jr.
    5,232,996       433,657       -       1,828,050  
William C. Wampler, Jr.
    5,222,737       433,916       -       1,828,050  
William C. Warden, Jr.
    5,201,358       465,295       -       1,828,050  
 
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
    7,225,267       267,920       1,515       -  
 
 
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
    5,577,954       79,390       9,307       1,828,052  
 
 
3.
A proposal to approve the Company’s 2021 Stock Incentive Plan.
 
The final tabulation was as follows:
Proposal
 
Votes For
   
Votes Against
   
Votes
Abstain
   
Broker Non-
Vote
 
                                 
Approval of Stock Incentive Plan
    5,380,423       277,342       8,887       -  
 
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 11, 2021
By:
/s/ J. Michael Daniel
J. Michael Daniel
Title:
Senior Vice President - Chief Financial Officer