BASSETT FURNITURE INDUSTRIES INC 10-Q

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 26, 2022 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, 2021 - January 1, 2022     -     $ -       -     $ 19,348   January 2 - January 29, 2022     -     $ -       -     $ 19,348   January 30 - February 26, 2022     44,989     $ 17.01       44,989     $ 18,583     (1) The Company is authorized to repurchase Company stock under a plan which was originally announced in 1998. At February 26, 2022, $18,583 remained available for share repurchases under the plan. On March 9, 2022, the Board of Directors increased the remaining limit of the repurchase plan to $40,000.     Item 3. Defaults Upon Senior Securities   None.   31 of 33     PART II - OTHER INFORMATION-CONTINUED BASSETT FURNITURE INDUSTRIES INCORPORATED AND SUBSIDIARIES FEBRUARY 26, 2022 (Dollars in thousands except share and per share data)   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 – Seventh Amended and Restated Credit Agreement with Truist Bank dated January 27, 2022 is incorporated herein by reference to Exhibit 4A to Form 10-K filed with the SEC on January 31, 2022 . Registrant hereby agrees to furnish the SEC, upon request, other instruments defining the rights of holders of long-term debt of the Registrant.   Exhibit 10 – Asset Purchase Agreement dated January 31, 2022 by and among Bassett Furniture Industries, Incorporated, Zenith Freight Lines, LLC and J.B. Hunt Transport, Inc. is incorporated herein by reference to Exhibit 2.1 to Form 8-K filed with the SEC on February 1, 2022 .   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   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).   32 of 33     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 March 31, 2022       /s/ J. Michael Daniel   J. Michael Daniel, Senior Vice President and Chief Financial Officer March 31, 2022   33 of 33