BASSETT FURNITURE INDUSTRIES, INCORPORATED (NASDAQ:BSET) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07.
|
Submission of Matters to a Vote of Security Holders |
The Companys 2017 annual meeting of shareholders was held on
March 8, 2017. As of the record date for the meeting, the Company
had 10,725,012 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 |
||||||||
|
John R. Belk |
8,165,127 |
192,805 |
– |
1,541,345 |
||||||||
|
Kristina Cashman |
8,162,256 |
195,676 |
– |
1,541,345 |
||||||||
|
Paul Fulton |
8,152,527 |
205,405 |
– |
1,541,345 |
||||||||
|
George W. Henderson, III |
8,162,610 |
195,322 |
– |
1,541,345 |
||||||||
|
J. Walter McDowell |
8,144,323 |
213,609 |
– |
1,541,345 |
||||||||
|
Robert H. Spilman, Jr. |
8,124,442 |
233,490 |
– |
1,541,345 |
||||||||
|
William C. Wampler, Jr. |
8,135,659 |
222,273 |
– |
1,541,345 |
||||||||
|
William C. Warden, Jr. |
8,161,312 |
196,620 |
– |
1,541,345 |
||||||||
At the annual meeting, the shareholders also voted on three
proposals:
|
1. |
To approve the Bassett Furniture Industries, Incorporated |
The final tabulation was as follows:
|
Proposal |
Votes For |
Votes Against |
Votes Abstain |
Broker Non-Vote |
||||||||
|
Employee Stock Purchase Plan |
8,332,358 |
12,708 |
12,866 |
1,541,345 |
||||||||
|
2. |
Ratification of Ernst Young LLP as the Companys Independent |
The final tabulation was as follows:
|
Proposal |
Votes For |
Votes Against |
Votes Abstain |
Broker Non-Vote |
||||||||
|
Ratification of Ernst Young LLP |
9,744,756 |
144,589 |
9,932 |
– |
||||||||
3. To consider and act on an advisory vote regarding the approval
of the compensation paidto certain executive officers.
The final tabulation was as follows:
|
Proposal |
Votes For |
Votes Against |
Votes Abstain |
Broker Non-Vote |
||||||||
|
Approval of officer compensation |
8,270,245 |
62,768 |
24,919 |
1,541,345 |
||||||||
About BASSETT FURNITURE INDUSTRIES, INCORPORATED (NASDAQ:BSET)
Bassett Furniture Industries, Incorporated is a manufacturer, importer and retailer of home furnishings. The Company’s segments include Wholesale, Retail – Company-owned stores and Logistical services. Its wholesale home furnishings segment is involved in the design, manufacture, sourcing, sale and distribution of furniture products to a network of Bassett stores (licensee-owned stores and Company-owned stores) and independent furniture retailers. Its retail segment consists of Company-owned stores. It operates its logistical services segment through its subsidiary, Zenith Freight Lines, LLC, which provides shipping, delivery and warehousing services. Its portfolio of products includes Canopy Bed, Nightstands, Baby Bedding, Bedside Tables, Chaise Lounge, Writing Desks, Kitchen Furniture, Computer Hutch, Game Tables and Fabric Ottomans. Its range of furniture products and accessories are sold through a nation-wide network of over 90 retail stores known as Bassett Home Furnishings. BASSETT FURNITURE INDUSTRIES, INCORPORATED (NASDAQ:BSET) Recent Trading Information
BASSETT FURNITURE INDUSTRIES, INCORPORATED (NASDAQ:BSET) closed its last trading session up +0.15 at 26.90 with 11,908 shares trading hands.
