Item 2. Unregistered Sales of Equity Securities
Item 2. 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,” 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
Shares
Purchased
 
 
Average
Price Paid
 
 
Total Number of Shares
Purchased as Part of
Publicly Announced Plans
or Programs (1)
 
 
Approximate Dollar Value of
Shares that May Yet Be
Purchased Under the Plans
or Programs (1)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
November 28, 2020 - January 2, 2021
 
 
-
 
 
$
-
 
 
 
-
 
 
$
8,431
 
January 3 - January 30, 2021
 
 
12,850
(2)
 
$
20.12
 
 
 
2,000
 
 
$
8,391
 
January 31 - February 27, 2021
 
 
22,662
 
 
$
21.79
 
 
 
22,662
 
 
$
7,897
 
 
 
(1)
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. At February 27, 2021 $7,897 remains available for share repurchases under the plan.
 
(2)
Includes 10,850 shares which were tendered by employees to satisfy tax withholding obligations on vested restricted stock.
 
 
Item 3. Defaults Upon Senior Securities
 
None.
 
 
Item 6. Exhibits
 
a.
Exhibits:
 
Exhibit 3a – Articles of Incorporation as amended to date are incorporated herein by reference to the Exhibit to Form 10-Q for the fiscal quarter ended February 28, 1994.
 
Exhibit 3b – 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.
 
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 – Chief Executive Officer’s certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 
Exhibit 31b – Chief Financial Officer’s certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
 
Exhibit 32a – Chief Executive Officer’s certification pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 
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PART II - OTHER INFORMATION
BASSETT FURNITURE INDUSTRIES INCORPORATED AND SUBSIDIARIES
FEBRUARY 27, 2021
(Dollars in thousands except share and per share data)
 
Exhibit 32b – Chief Financial Officer’s certification pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
 
Exhibit 101.INS Inline XBRL Instance
 
Exhibit 101.SCH Inline XBRL Taxonomy Extension Schema
 
Exhibit 101.CAL Inline XBRL Taxonomy Extension Calculation
 
Exhibit 101.DEF Inline XBRL Taxonomy Extension Definition
 
Exhibit 101.LAB Inline XBRL Taxonomy Extension Labels
 
Exhibit 101.PRE Inline XBRL Taxonomy Extension Presentation
 
Exhibit 104. Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).
 
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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 thereunto duly authorized.
 
 
BASSETT FURNITURE INDUSTRIES, INCORPORATED
 
 
/s/
Robert H. Spilman, Jr.
 
Robert H. Spilman, Jr., Chairman and Chief Executive Officer
April 1, 2021
 
 
/s/
J. Michael Daniel
 
J. Michael Daniel, Senior Vice President and Chief Financial Officer
April 1, 2021
 
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Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.