Bassett Furniture Industries Incorporated

03/12/2026 | Press release | Distributed by Public on 03/12/2026 13:23

Proxy Results (Form 8-K)

Item 5.07.
Submission of Matters to a Vote of Security Holders
The Company's 2026 annual meeting of shareholders was held on March 11, 2026. As of the record date for the meeting, the Company had 8,686,117 shares 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
5,323,136 52,286 - 1,779,361
John R. Belk
5,325,038 50,384 - 1,779,361
Kristina Cashman
5,211,026 164,396 - 1,779,361
James E. Goergen
5,329,744 45,678 - 1,779,361
Virginia W. Hamlet
5,278,221 97,201 - 1,779,361
J. Walter McDowell
5,320,999 54,423 - 1,779,361
Robert H. Spilman, Jr.
5,310,310 65,112 - 1,779,361
William C. Wampler, Jr.
5,039,435 335,987 - 1,779,361
William C. Warden, Jr.
5,142,859 232,563 - 1,779,361
At the annual meeting, the shareholders also voted on three proposals:
1.
Ratification of Grant Thornton LLP as the Company's Independent Registered Public Accounting Firm for the fiscal year ending November 28, 2026.
The final tabulation was as follows:
Proposal
Votes For
Votes Against
Votes Abstain
Broker Non-Vote
Ratification of Grant Thornton LLP
7,029,411 101,931 23,441 -
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
5,166,388 156,209 52,825 1,779,361
3.
To approve an amendment to the Company's 2017 Employee Stock Purchase Plan, to increase the number of shares available for issuance by 200,000.
The final tabulation was as follows:
Proposal
Votes For
Votes Against
Votes Abstain
Broker Non-Vote
Increase ESPP shares 200,000
5,271,115 70,617 33,690 1,779,361
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