bset20160310_8k.htm

 



 

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 9, 2016

 


 

BASSETT FURNITURE INDUSTRIES, INCORPORATED

(Exact name of registrant as specified in its charter)

 


  

VIRGINIA

0-209

54-0135270

(State or other jurisdiction of incorporation or organization)

(Commission File No.)

(I.R.S. Employer Identification No.)

  

3525 FAIRYSTONE PARK HIGHWAY

BASSETT, VIRGINIA

24055

(Address of principal executive offices)

(Zip Code)

 

Registrant’s 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))

 

 



 

 
 

 

 

Item 5.07.

Submission of Matters to a Vote of Security Holders

  

 

The Company’s 2016 annual meeting of shareholders was held on March 9, 2016. As of the record date for the meeting, the Company had 10,961,922 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

Peter W. Brown, M.D.

 

8,001,180 

 

      457,223

 

            -

 

1,599,041 

Kristina Cashman

 

8,130,567 

 

      327,836 

 

            -

 

1,599,041 

Paul Fulton

 

8,112,092 

 

      346,311 

 

            -

 

1,599,041 

Howard H. Haworth

 

7,987,023 

 

      471,380 

 

            -

 

1,599,041 

George W. Henderson, III

 

8,135,552 

 

      322,851 

 

            -

 

1,599,041 

J. Walter McDowell

 

8,134,488 

 

      323,915 

 

            -

 

1,599,041 

Dale C. Pond

 

8,130,530 

 

      327,873 

 

            -

 

1,599,041 

Robert H. Spilman, Jr.

 

8,124,071 

 

      334,332 

 

            -

 

1,599,041 

William C. Wampler, Jr.

 

7,800,425 

 

      657,978 

 

            -

 

1,599,041 

William C. Warden, Jr.

 

8,135,348 

 

      323,055 

 

            -

 

1,599,041 

  

 

At the annual meeting, the shareholders also voted on three proposals:

 

 

1.

To approve the amendment and restatement of the Bassett Furniture Industries, Incorporated 2010 Stock Incentive Plan:

 

The final tabulation was as follows:

 

 

Proposal

 

Votes For

 

Votes Against

 

Votes Abstain

 

Broker Non-Vote

                 

Amended Stock Incentive Plan

 

     8,330,089

 

          114,261

 

       14,053

 

       1,599,041

   

 

 

2.

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

 

     9,972,135

 

            73,978

 

       11,331

 

                      -

   

 

 

3.

     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

 

     8,380,573

 

            47,275

 

       30,555

 

       1,559,041

 

 
 

 

 

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 10, 2016

 By:

/s/ J. Michael Daniel

 

 

J. Michael Daniel

 

 

Title: Senior Vice President - Chief Financial Officer