Business Context and Reporting Period
Company: Bassett Furniture Industries, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 14, 2011
Reporting Period: The filing reports on a specific corporate event occurring on July 14, 2011, rather than a standard financial reporting period.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity data. The only financial metric disclosed is:
- Dividend Declaration: $0.03 per share on outstanding common stock.
- Payment Date: September 1, 2011.
- Record Date: August 15, 2011.
Material Changes
The filing reports the declaration of a regular quarterly dividend. No material changes to assets, acquisitions, dispositions, or financial performance metrics are detailed in this specific document.
Guidance, Outlook, and Risks
The filing text does not provide management commentary, future guidance, outlook, risk factors, contingencies, or unusual items. The document serves solely to announce the dividend declaration referenced in an attached news release (Exhibit 99).
Investor Verification Checklist
- Verify the total number of outstanding shares to calculate the aggregate dividend payout.
- Confirm the record date (August 15, 2011) to determine shareholder eligibility.
- Review the attached news release (Exhibit 99) for any additional context regarding the dividend decision.
- Check subsequent filings for the actual payment of the dividend on September 1, 2011.