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Bassett Furniture Industries Inc (BSET.OQ)

BSET.OQ on NASDAQ Stock Exchange Global Select Market

11.96USD
16 Aug 2019
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Summary

Name Age Since Current Position

Robert Spilman

62 2016 Chairman of the Board, President, Chief Executive Officer

John Daniel

57 2013 Chief Financial Officer, Senior Vice President

Bruce Cohenour

60 2013 Senior Vice President - Sales and Merchandising

David Baker

58 2015 Senior Vice President - Corporate Retail

John Bassett

60 2009 Senior Vice President - Wood Manufacturing

Jack Hawn

65 2015 Senior Vice President - Bassett, President, Zenith

Mark Jordan

65 2009 Senior Vice President - Upholstery

Jay Hervey

59 1997 Vice President, General Counsel, Secretary

John Belk

59 2016 Independent Director

Kristina Cashman

52 2007 Independent Director

Virginia Hamlet

56 2018 Independent Director

George Henderson

70 2004 Independent Director

J. McDowell

68 2011 Independent Director

William Wampler

59 2004 Independent Director

William Warden

66 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 served as President and Chief Operating Officer of the Company from 1997 to 2000. Director, Harris Teeter Supermarkets, Inc. (2002 – 2014) and Dominion Energy, Inc., from 2009 to present. Mr. Spilman’s 35 year career at the Company, including 17 years as Chief Executive Officer, gives him an in-depth knowledge of the Company and the furniture industry.

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.

Bruce Cohenour

Mr. Bruce R. Cohenour serves as 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 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 Manufacturing 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 in 2008. He was appointed Senior Vice President, Wood in 2009.

Jack Hawn

Mr. Jack L. Hawn Jr., is Senior Vice President - Bassett, President, Zenith of the Company. 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.

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., is Vice President, General Counsel, Secretary of the Company. He has been General Counsel, Vice President and Secretary for the Company since 1997.

John Belk

Mr. John (Johnny) R. Belk is Independent Director of the Company. He is a Private Investor. President and Chief Operating Officer of Belk, Inc., from 2004 to 2016. Director, Harris Teeter Supermarkets, Inc. (1997 – 2014). As president of a major department store chain and a director of other public companies over the last twenty years, Mr. Belk’s knowledge of retail, real estate, emerging technologies, merchandising and marketing is of great value to the Company, especially in the areas of retail and enhancing the consumer’s connection with our brand.

Kristina Cashman

Ms. Kristina K. Cashman is Independent Director of the Company. She is a Chief Financial Officer, Upward Projects, LLC from 2018 to present; Chief Financial Officer, Hopdoddy Burger Bar, Inc. from 2014 to 2018; 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. As president of one restaurant chain and chief financial officer of three restaurant chains over the last 17 years, one of which being a public company, and as an audit manager with Ernst & Young LLP prior to her employment at P.F. Chang’s, Ms. Cashman brings development, management, financial and accounting experience to the Board and its Audit Committee.

Virginia Hamlet

Ms. Virginia W. Hamlet is Independent Director of the Company. After receiving her B.S. degree in architecture from the University of Virginia. She Owner of Hamlet Vineyards; Director of the Harvest Foundation; Member of the Board of Trustees of Averett University from 2011 to 2015. Ms. Hamlet is well qualified to serve as a member of the Board of Directors due to her entrepreneurial background in residential design and marketing and her experience as a civic leader in the community.

George Henderson

Mr. George W. Henderson, III, is Independent Director of the Company. He is a Private Investor; Chairman and Chief Executive Officer, Burlington Industries, Inc. (manufacturer of textile products) from 1995 to 2003. Director, Lincoln National Corporation, from 2006 to present. 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 the furniture industry due to increasing foreign competition and outsourcing of manufacturing operations, and as the former chief executive of a public company his experience with oversight of financial reporting and accounting functions bring valuable experience to the Audit Committee.

J. McDowell

Mr. J. Walter McDowell is Independent Director of the Company. He is a 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, including as the head of a major division of the bank, 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, and provides the Audit Committee with valuable insights into the analysis of the Company’s financial statements.

William Wampler

The Hon. Sen. William C. Wampler, Jr., is Independent Director of the Company. He is a Managing Member of Wampler Consulting Group, LLC since 1995 and of WSWRS, LLC since 2017; former Executive Director, New College Institute from 2012 to 2015; former member of the Senate of the Commonwealth of Virginia from 1988 to 2012; Retired Colonel, U.S. Army Reserve. 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 Cecil Warden Jr., is Independent Director of the Company. He is a Private Investor. Executive Vice President, Lowe’s Companies, Inc. from 1996 to 2003. Director, Harris Teeter Supermarkets, Inc. (2008 – 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.

Basic Compensation

Name Fiscal Year Total

Robert Spilman

1,005,160

John Daniel

338,954

Bruce Cohenour

509,039

David Baker

--

John Bassett

384,639

Jack Hawn

350,642

Mark Jordan

331,602

Jay Hervey

--

John Belk

74,986

Kristina Cashman

84,986

Virginia Hamlet

74,998

George Henderson

74,986

J. McDowell

74,986

William Wampler

79,986

William Warden

89,986
As Of  24 Nov 2018

Options Compensation