Business Context and Reporting Period
Company: Bassett Furniture Industries, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 18, 2011
Event: Declaration of a special dividend by the Board of Directors.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document solely addresses a capital distribution event.
Material Changes
The material change reported is the declaration of a special dividend of $0.50 per share of common stock outstanding.
Guidance, Outlook, and Management Commentary
Dividend Details:
- Amount: $0.50 per share
- Record Date: December 23, 2011
- Payment Date: January 3, 2012
The filing references a news release (Exhibit 99) for further details but does not provide additional management commentary, forward-looking guidance, or risk factors within the text of this specific report.
Investor Verification Checklist
- Verify the number of shares outstanding to calculate the total cash outflow for the special dividend.
- Confirm the company's cash position on the balance sheet to ensure liquidity supports the January 3, 2012 payment.
- Review the attached news release (Exhibit 99) for the rationale behind the special dividend.
- Check subsequent filings for confirmation of the dividend payment on the scheduled date.