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Bassett Furniture Industries Inc (BSET.OQ)

BSET.OQ on NASDAQ Stock Exchange Global Select Market

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15 Dec 2017
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Summary

Name Age Since Current Position

Robert Spilman

60 2016 Chairman of the Board, President, Chief Executive Officer

Paul Fulton

82 2016 Chairman of Emeritus

John Daniel

55 2013 Chief Financial Officer, Senior Vice President

Jack Hawn

63 2015 President and CEO of Zenith Freight Lines, LLC)

Bruce Cohenour

58 2013 Senior Vice President - Sales and Merchandising

David Baker

56 2015 Senior Vice President - Corporate Retail

John Bassett

58 2009 Senior Vice President - Wood

Mark Jordan

63 2006 Senior Vice President - Upholstery

Jay Hervey

57 1997 Vice President - Real Estate, General Counsel, Secretary

John Belk

58 2016 Independent Director

Kristina Cashman

50 2007 Independent Director

George Henderson

68 2004 Independent Director

J. McDowell

66 2011 Independent Director

William Wampler

57 2004 Independent Director

William Warden

64 2004 Independent Director

Biographies

Name Description

Robert Spilman

Mr. Robert H. Spilman, Jr., is Chairman of the Board, President, Chief Executive Officer of the company. He has been with the Company since 1984. Since 2000, he has served as Chief Executive Officer and President, and in 2016 also became Chairman of the Board of Directors.

Paul Fulton

Mr. Paul Fulton is Chairman of Emeritus at the Company. He has served as Chief Executive Officer of the Company from 1997 to 2000; Dean of the Kenan-Flagler Business School of the University of North Carolina at Chapel Hill from 1994 to 1997; President of Sara Lee Corporation from 1988 to 1993. Director, Carter’s, Inc.

John Daniel

Mr. John Michael Daniel is Chief Financial Officer, Senior Vice President of the Company. He joined the Company in 2007 as Corporate Controller. From April 2009 through December 2009, he served as Corporate Controller and Interim Chief Financial Officer. In January 2010, he was appointed Vice President and Chief Accounting Officer. In January 2013, he was promoted to Senior Vice President and Chief Financial Officer.

Jack Hawn

Mr. Jack L. Hawn Jr. is the President and CEO of Zenith Freight Lines, LLC, which he has been with the company since 2015 as Senior Vice President, Bassett and President, Zenith. His company, Zenith Transportation, Inc. was majority owner of Zenith (Zenith Freight Lines, LLC) from 1999 until its interest in Zenith was acquired by the Company in 2015. He has served as President of Zenith since its formation in 1999.

Bruce Cohenour

Mr. Bruce R. Cohenour is Senior Vice President - Sales and Merchandising of the company. He has been with the Company since 2011, starting as Senior Vice President of Upholstery Merchandising, and serving as Senior Vice President of Sales and Merchandising since January 2013. Prior to joining Bassett, Mr. Cohenour was with Hooker Furniture Corp. from 2007 through 2010, last serving as President of the Case Goods Division.

David Baker

Mr. David C. Baker is the Senior Vice President - Corporate Retail of the company. He joined the Company in 2005 as Director, Store Operations. From 2006 to 2015 he served as Vice President – Corporate Retail, and currently serves as Senior Vice President, Corporate Retail. Prior to joining Bassett, Mr. Baker managed Bassett stores for licensees from 1999 to 2005 after having previously managed stores for other furniture retail chains including Haverty’s and Rhodes Furniture.

John Bassett

Mr. John E. Bassett, III is Senior Vice President - Wood of the company. He has been with the Company since 1981 and served in various wood manufacturing and product sourcing capacities, including Vice President, Wood Manufacturing; Vice President, Global Sourcing from 2001 to 2007 and Vice President, Wood 2008. He was appointed Senior Vice President, Wood in 2009.

Mark Jordan

Mr. Mark S. Jordan is Senior Vice President - Upholstery of the company. He joined the Company in 1999 as Plant Manager. In 2001, he was promoted to Vice President of Upholstery Manufacturing and in 2002 he was promoted to Vice President and General Manager-Upholstery. He has served as Senior Vice President of Upholstery since 2009.

Jay Hervey

Mr. Jay R. Hervey, Esq. has served as the General Counsel, Vice President – Real Estate and Secretary for the Company since 1997.

John Belk

Mr. John R. Belk is an Independent Director of the Company. Mr. Belk joined Belk, Inc. in 1983 and served as President and Chief Operating Officer of Belk, Inc. from May 2004 to January 2016 and as a director from 1998 to 2015. He now serves as a Director of Belk/Sycamore and as the Vice Chair of The Belk Foundation. From 1997 to 2014, Mr. Belk was a director of Harris Teeter Supermarkets, Inc. (formerly Ruddick Corporation). Mr. Belk was a director of Bank of America from 2004 to 2007, and was a director of Alltel Corporation from 1996 to 2007.

Kristina Cashman

Ms. Kristina K. Cashman is an Independent Director of the Company. She Chief Financial Officer, Hopdoddy Burger Bar, Inc. from 2014 to present; former President of Guy and Larry Restaurants, Inc. from 2011 to 2016; Chief Financial Officer of Eddie V’s Restaurants, Inc. from 2006 through 2011; Chief Financial Officer and Secretary of P.F. Chang’s China Bistro, Inc. from 2001 to 2006; Controller of P.F. Chang’s China Bistro, Inc. from 1996 to 2001.

George Henderson

Mr. George W. Henderson, III, is an Independent Director of the Company. He is Private Investor, Chairman and Chief Executive Officer, Burlington Industries, Inc. (manufacturer of textile products) 1995 to 2003. Director, Lincoln National Corporation. Mr. Henderson’s experience as the chief executive officer of a major textile manufacturer provides the Board with both leadership skills and an in depth understanding of an industry that has experienced similar challenges as furniture industry due to increasing foreign competition and outsourcing of manufacturing operations.

J. McDowell

Mr. J. Walter McDowell is an Independent Director of the Company. Mr. McDowell is Private Investor Business Consultant. Chief Executive Officer, Carolinas/Virginia Banking – Wachovia Corporation from 2005 to 2007. Mr. McDowell’s more than 35 years of experience at Wachovia and later in financial and business consulting provides valuable perspectives into the protection and deployment of the Company’s balance sheet and into its banking relationships.

William Wampler

The Hon. Sen. William C. Wampler, Jr., is an Independent Director of the Company. He has been Executive Director, New College Institute since 2012; Former Member of the Senate of the Commonwealth of Virginia from 1988 to 2012; Retired Colonel, U.S. Army Reserve; Managing Member of Wampler Consulting Group, LLC since 1998. As a former member of the Senate of Virginia and being the former ranking member of the Finance Committee for his party. Mr. Wampler brings to the Board over 24 years of experience in leadership, developing consensus and balancing budgets.

William Warden

Mr. William C. Warden, Jr. is an Independent Director of the Company. He is Private Investor. Executive Vice President, Lowe’s Companies, Inc. from 1996 to 2003. Former director of Harris Teeter Supermarkets, Inc. from 2008 to 2014. Through his senior management experience at a national retail chain. Mr. Warden brings to the Board expertise in real estate, legal and administrative matters that are particularly relevant to the Company’s growing retail operations.

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