BASSETT FURNITURE INDUSTRIES INC
Close on Oct 19, 2026
- Market cap
- $187.73M
- P/E (TTM)
- 31.0
- Dividend yield
- 3.68%
About Bassett Furniture Industries
Wood Household Furniture, (No Upholstered), SIC 2511
Bassett Furniture Industries, Incorporated manufactures, retails, and markets branded home furnishings. The company operates through two reportable segments: Wholesale and Retail—Company-owned stores. Its product line encompasses custom stationary and motion upholstered furniture, custom wood items, leather upholstery, casegoods for bedrooms and dining rooms, as well as outdoor furniture and accessories. Bassett also provides complimentary home decorating and design consulting services. The company sells its merchandise directly to consumers through company-owned retail locations and e-commerce, while its wholesale business serves licensee-owned stores, independent open market accounts, general furniture retailers, and interior design firms.
The company's retail network includes 57 company-owned stores across 22 states—with its largest concentration in Texas—and 29 licensee-owned stores, totaling 86 branded locations. Domestic production and assembly facilities operate in North Carolina, Virginia, and Alabama, supplemented by foreign sourcing primarily from Vietnam. The company is incorporated in Virginia, with its corporate office and central warehouse located in Bassett, Virginia.
Summary of the business section of Bassett Furniture Industries's latest annual report, written by StockData.
Company profile
Company
- Legal name
- BASSETT FURNITURE INDUSTRIES INC
- Founded
- 1902
- Headquarters
- Bassett, VA
- Address
- Po Box 626 24055
- Phone
- (540) 629-6209
- Website
- bassettfurniture.com
- Employees
- 1,194, Nov 29, 2025
- Industry
- Wood Household Furniture, (No Upholstered)
- Incorporated in
- Virginia
- Fiscal year ends
- November 28
- Auditor
- Grant Thornton LLP, Charlotte, North Carolina
Stock & identifiers
- Ticker
- BSET
- Exchange
- Nasdaq
- Shares outstanding
- 9M, Sep 24, 2026
- Public float
- $133.57M, May 31, 2025
- Filer category
- Accelerated filer<br>Smaller reporting company
- Stock splits
- 5-for-4, May 27, 1993; 3-for-2, Apr 7, 1992; 5-for-4, Jun 13, 1983
- SEC CIK
- 10329
- CUSIP
- 070203104
- ISIN
- US0702031040
- EIN
- 54-0135270
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Robert H. Spilman Jr | Chairman & CEO, Director | 292,036 |
| Anthony Lee Chivari | EVP, Sales & Marketing | 30,000 |
| Bruce Cohenour | SVP, Chief Sales Officer | 36,609 |
| John E. Bassett Iii | SVP, Chief Operations Officer | 51,472 |
| John Michael Daniel | SVP, Chief Fin./Admin. Officer | 54,714 |
| Jay R. Hervey | Vice Pres Sec & Gen Counsel | 10,723 |
| James Edward Goergen | Director | 2,857 |
| William C. Wampler Jr | Director | 30,867 |
| John Walter McDowell | Director | 23,823 |
| John R. Belk | Director | 46,407 |
| Virginia W. Hamlet | Director | 20,480 |
| Emma S. Battle | Director | 13,667 |
| William C. Warden Jr | Director | 83,499 |
| Kristina K. Cashman | Director | 24,127 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $826.50K | $827.80K | $520.45K | $107 | – |
| FY2024 | $491.90K | $485.57K | $344.21K | $112 | – |
| FY2023 | $533.75K | $526.54K | $361.13K | $116 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“We employed 1,194 people as of November 29, 2025.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Apr 11, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 3, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 14, 2011 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 11, 2011 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 5, 2011 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jul 23, 2009 | Listing notice | Notice of delisting or failure to satisfy a listing rule (8-K Item 3.01) |
| Jul 9, 2009 | Late filing | Notification of late filing |
| Feb 9, 2009 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 9, 2007 | Late filing | Notification of late filing |