Business Context and Reporting Period
This Form 8-K Current Report was filed by Bassett Furniture Industries, Incorporated on November 10, 2014. The filing reports a specific corporate event regarding shareholder distributions rather than a standard quarterly or annual financial reporting period.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the declaration of a special dividend of $0.20 per share of outstanding common stock.
Material Changes
There are no material changes to financial performance or operations reported in this document. The sole material event is the declaration of the special dividend, which represents a one-time cash distribution to shareholders.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future operations, or discussion of risks and contingencies. The document strictly serves to announce the dividend declaration details.
Important Facts for Investors to Verify
- Dividend Amount: $0.20 per share of outstanding common stock.
- Record Date: Shareholders must be on record by the close of business on December 5, 2014.
- Payment Date: The dividend is payable on December 19, 2014.
- Source of Funds: The filing does not specify the source of funds for this special dividend; investors should review recent cash flow statements to assess liquidity impact.