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 and six months ended May 28, 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)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
February 27 - April 2, 2022
 
 
94,000
 
 
$
17.66
 
 
 
94,000
 
 
$
38,695
 
April 3 - April 30, 2022
 
 
218,374
 
 
$
17.16
 
 
 
218,374
 
 
$
34,948
 
May 1 - May 28, 2022
 
 
150,470
 
 
$
16.42
 
 
 
150,470
 
 
$
32,448
 
 
(1)
The Company is authorized to repurchase Company stock under a plan which was originally announced in 1998. On March 9, 2022, the Board of Directors increased the remaining limit of the repurchase plan to $40,000. At May 28, 2022, $32,448 remained available for share repurchases under the plan.
 
Item 3. Defaults Upon Senior Securities
 
None.
 
Page 35 of 37
 
 
PART II - OTHER INFORMATION
BASSETT FURNITURE INDUSTRIES INCORPORATED AND SUBSIDIARIES
MAY 28, 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 – 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
 
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).
 
Page 36 of 37
 
 
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
June 30, 2022
 
 
 
/s/
J. Michael Daniel
 
J. Michael Daniel, Senior Vice President and Chief Financial Officer
June 30, 2022
 
Page 37 of 37
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.