BASSETT FURNITURE INDUSTRIES INC
For the period ended Nov 25, 2023. Filed Jan 25, 2024.
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FY2023 · Filed Jan 25, 2024
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Item 5. Market Information
Bassett’s common stock trades on the NASDAQ global select market system under the symbol “BSET.” We had approximately 6,600 beneficial stockholders at January 22, 2024.
Issuer Purchases of Equity Securities:
We are 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. The repurchase program does not include a specific timetable or price targets and may be suspended or terminated at any time. Shares may be purchased through open market or privately negotiated transactions at the discretion of management based on its evaluation of prevailing market conditions and other factors. The following table summarizes the stock repurchase activity for the three months ended November 25, 2023, and the approximate dollar value of shares that may yet be repurchased 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 · Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs | |||||
|---|---|---|---|---|---|
| August 27 - September 30, 2023 | 8,559 | $14.02 | 8,559 | $21,823 | |
| October 1 - October 28, 2023 | - | $ | - | - | $21,823 |
| October 29 - November 25, 2023 | - | $ | - | - | $21,823 |
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