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Bassett Furniture Industries (NASDAQ:BSET) announced that its board of directors approved an amendment to the company’s bylaws on July 16. The change adjusts the set number of directors from a fixed eight to a range allowing between seven and ten directors. The board also established that nine directors will serve on the current board.
The amendment modifies Article III, Section 2 of the company’s amended and restated bylaws. According to the filing, the update provides flexibility for the number of directors serving on the board, rather than maintaining a fixed number.
The company stated that the description of the amendment is qualified in its entirety by reference to the full text of the bylaws, which were attached as an exhibit to the filing.
Bassett Furniture Industries is incorporated in Virginia and its common stock trades on the NASDAQ under the symbol BSET. The information in this article is based on a company statement included in a filing with the Securities and Exchange Commission.
In other recent news, Bassett Furniture Industries, Inc. has announced a regular quarterly dividend of $0.20 per share of common stock. This decision was made by the company’s Board of Directors. The dividend will be payable on August 29, 2025, to shareholders who are on record as of August 15, 2025. This announcement reflects the company’s ongoing commitment to providing returns to its shareholders. While this dividend declaration is a significant development, there were no updates provided on earnings, revenue, mergers, or analyst ratings for the company. Investors may want to note these recent developments as part of their broader investment considerations.
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