−Removed: Unregistered Sales of Equity Securiti es , Use of Proceeds and Issuer Purchases of Equity Securities
+Added: Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities
The following table summarizes the stock repurchase activity by or on behalf of the Company or any “affiliated purchaser,”
−Removed: as defined by Rule 10b-18(a)(3) of the Exchange Act, for the three months ended August 29, 2020 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
+Added: as defined by Rule 10b-18(a)(3) of the Exchange Act, for the three months ended February 27, 2021 and the approximate dollar value of shares that may yet be purchased pursuant to our stock repurchase program:
Total Number of Shares
6 unchanged sentences
or Programs (1)
−Removed: May 31, 2020 - July 4, 2020
−Removed: July 5 - August 1, 2020
−Removed: August 2 -August 29, 2020
+Added: November 28, 2020 - January 2, 2021
+Added: January 3 - January 30, 2021
+Added: January 31 - February 27, 2021
The Company is authorized to repurchase Company stock under a plan which was originally announced in 1998.
On October 3, 2018, the Board of Directors increased the remaining limit of the repurchase plan to $20,000.
−Removed: At August 29, 2020 $9,097 remains available for share repurchases under the plan.
−Removed: PART II - OTHER INFORMATION-CONTINUED
−Removed: BASSETT FURNITURE INDUSTRIES INCORPORATED AND SUBSIDIARIES
−Removed: FEBRUARY 29, 2020
−Removed: (Dollars in thousands except share and per share data)
+Added: At February 27, 2021 $7,897 remains available for share repurchases under the plan.
+Added: Includes 10,850 shares which were tendered by employees to satisfy tax withholding obligations on vested restricted stock.
Defaults Upon Senior Securities
3 unchanged sentences
By-laws as amended to date are incorporated herein by reference to Exhibit 3 to Form 8-K filed with the SEC on January 19, 2021.
−Removed: Exhibit 4 –
−Removed: Sixth Amended and Restated Credit Agreement with Truist Bank dated June 15, 2020 is incorporated herein by reference to the Exhibit to Form 10-Q for the fiscal quarter ended May 30, 2020.
−Removed: Registrant hereby agrees to furnish the SEC, upon request, other instruments defining the rights of holders of long-term debt of the Registrant.
+Added: Exhibit 4 –Registrant hereby agrees to furnish the SEC, upon request, other instruments defining the rights of holders of long-term debt of the Registrant.
Exhibit 31a –
5 unchanged sentences
1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
+Added: PART II - OTHER INFORMATION
+Added: BASSETT FURNITURE INDUSTRIES INCORPORATED AND SUBSIDIARIES
+Added: FEBRUARY 27, 2021
+Added: (Dollars in thousands except share and per share data)
Exhibit 32b –
11 unchanged sentences
Spilman, Jr., Chairman and Chief Executive Officer
−Removed: October 1, 2020
+Added: April 1, 2021
Michael Daniel
Michael Daniel, Senior Vice President and Chief Financial Officer
−Removed: October 1, 2020
+Added: April 1, 2021
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.