<html><head><meta charset="utf-8"><meta name="format-detection" content="telephone=no"><!--Created on 3/10/2021 10:18:08 AM --><meta name="generator" content="RDG HTML Converter 3.4.3.0">
	<title>bset20210310_s8.htm</title>


</head>
<body style="font-size: 10pt; font-family: &quot;Times New Roman&quot;; padding: 0in 0.1in; cursor: auto;">
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td colspan="3" style="vertical-align:top;width:53.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 10, 2021</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="border-bottom:double 3px #000000;vertical-align:top;width:53.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:right;margin:0pt;"><b>REGISTRATION NO. 333-_____</b></p>
			</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:top;width:53.4%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:top;width:53.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SECURITIES AND EXCHANGE COMMISSION</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>WASHINGTON, D.C. 20549</b></p>
			</td>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="vertical-align:top;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">&nbsp;</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>FORM S-8</b></p>
			</td>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="vertical-align:top;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 3pt;">REGISTRATION STATEMENT<br>
			UNDER<br>
			THE SECURITIES ACT OF 1933</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 3pt;">&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>BASSETT FURNITURE INDUSTRIES, INCORPORATED</b></p>
			</td>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="vertical-align:top;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Exact name of Registrant as specified in its charter)</p>
			</td>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: Times New Roman; font-size: 10pt; width: 100%;">

		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>VIRGINIA</b></p>
			</td>
			<td style="vertical-align:top;width:26.7%;">&nbsp;</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>54-0135270</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:13.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(State or other jurisdiction of<br>
			incorporation or organization)</p>
			</td>
			<td style="vertical-align:top;width:26.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(I.R.S. Employer<br>
			Identification No.)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:13.4%;">&nbsp;</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:26.7%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>3525 FAIRYSTONE PARK HIGHWAY</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>BASSETT,</b>&nbsp;&nbsp;<b>VA 24055</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>(276) 629-6000</b>&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="3" style="vertical-align:top;width:53.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>(Address, including zip code, of registrant</b>&#8217;<b>s principal executive offices)</b>&nbsp;</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td colspan="3" style="vertical-align:top;width:53.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>BASSETT FURNITURE INDUSTRIES, INCORPORATED 2021 STOCK INCENTIVE PLAN</b></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:middle;width:18.2%;">&nbsp;</td>
			<td style="vertical-align:middle;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>(Full Title</b>&nbsp;<b>of Plan)</b></p>
			</td>
			<td style="vertical-align:middle;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:18.2%;">&nbsp;</td>
			<td style="vertical-align:middle;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:middle;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Jay R. Hervey</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Vice President, Secretary and General Counsel</b></p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">3525 Fairystone Park Highway</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Bassett, VA 24055</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(276) 629-6000</p>
			</td>
			<td style="vertical-align:middle;width:17.6%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:17.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Name, address, including zip code, and telephone<br>
			number, including area, code, of agent for service)</p>
			</td>
			<td style="vertical-align:middle;width:17.6%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#8220;large accelerated filer&#8221;, &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule 12b-2 of the Exchange Act.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:middle;width:33.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Large accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</p>
			</td>
			<td style="vertical-align:middle;width:23.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9746;</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:33.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Non-accelerated filer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</p>
			</td>
			<td style="vertical-align:middle;width:23.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Smaller reporting company&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><meta charset="utf-8"><meta name="format-detection" content="telephone=no"><!--Created on 3/10/2021 10:52:42 AM --><meta name="generator" content="RDG HTML Converter 3.4.3.0"></p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;"><meta charset="utf-8"><meta name="format-detection" content="telephone=no"><!--Created on 3/10/2021 10:53:39 AM --><meta name="generator" content="RDG HTML Converter 3.4.3.0"></p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">Emerging growth company&nbsp;&#9744;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">&nbsp;</p>

<p style="font-family: Times New Roman; font-size: 10pt; font-variant: normal; margin: 0pt;">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. &#9744;</p>

<p style="margin: 0pt; font-family: Times New Roman; font-size: 10pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td colspan="5" style="border-bottom:double 3px #000000;vertical-align:top;width:53.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>CALCULATION OF REGISTRATION FEE</b></p>
			</td>
		</tr>
		<tr>
			<td style="border-bottom: 3px double rgb(0, 0, 0); vertical-align: middle; width: 16%; border-right: 1px solid black;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Title of</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Securities to be registered</p>
			</td>
			<td style="border-bottom: 3px double rgb(0, 0, 0); vertical-align: middle; width: 9.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Amount</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">to be</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">registered(1)</p>
			</td>
			<td style="border-bottom: 3px double rgb(0, 0, 0); vertical-align: top; width: 8.2%; border-right: 1px solid black; border-left: 1px solid black;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Proposed</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">maximum</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">offering price</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">per share(2)</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">&nbsp;</p>
			</td>
			<td style="border-bottom: 3px double rgb(0, 0, 0); vertical-align: middle; width: 8.3%; border-right: 1px solid black;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Proposed</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">aggregate</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">offering price(3)</p>
			</td>
			<td style="border-bottom: 3px double rgb(0, 0, 0); vertical-align: middle; width: 11.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Amount of</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">registration</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">fee</p>
			</td>
		</tr>
		<tr>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: top; width: 16%; border-right: 1px solid black;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Bassett Furniture, Industries, Incorporated Common Stock, par value $5.00 per share, issuable under the Bassett Furniture Industries, Incorporated 2021 Stock Incentive Plan.</p>
			</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:middle;width:9.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">500,000</p>
			</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 8.2%; border-right: 1px solid black; border-left: 1px solid black;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">$20.695</p>
			</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 8.3%; border-right: 1px solid black;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">$10,347,500</p>
			</td>
			<td style="border-bottom: 1px solid rgb(0, 0, 0); vertical-align: middle; width: 11.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">$1,128.91</p>
			</td>
		</tr>

</table>

<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; margin: 0">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:15pt;">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this Registration Statement also covers, in addition to the number of shares of common stock stated above, additional securities that may be offered as a result of stock splits, stock dividends, or similar transactions.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:15pt;">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solely for the purpose of calculating the registration fee, the offering price per share, the aggregate offering price, and the amount of the registration fee have been computed in accordance with Rule&nbsp;457(c)&nbsp;under the Securities Act of 1933, as amended. Accordingly, the price per share of the Common Stock has been calculated to be equal to the average of the high and low prices for a share of the Common Stock as reported by the NASDAQ Global Select Market on March 5, 2021, which is a specified date within five business days prior to the original date of filing of this registration statement.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:15pt;">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solely for the purpose of calculating the registration fee, the proposed aggregate offering price has been estimated in accordance with Rule&nbsp;457(h)&nbsp;promulgated under the Securities Act of 1933, as amended.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>EXPLANATORY NOTE</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">This Registration Statement on Form S-8, filed by Bassett Furniture Industries, Incorporated, a Virginia corporation (the &#8220;Registrant&#8221;), registers 500,000 shares of its Common Stock, par value $5.00 per share, which are authorized and reserved for issuance under the Bassett Furniture Industries, Incorporated 2021 Stock Incentive Plan.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>PART I</b><br>
<b>INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item 1</u>.</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Plan Information</u>.</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Not required to be filed as part of this Registration Statement pursuant to Note to Part I of Form S-8.</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item 2</u>.</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Registrant Information and Employee Plan Annual Information</u>.</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Not required to be filed as part of this Registration Statement pursuant to Note to Part I of Form S-8.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>PART II</b><br>
<b>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item 3</u>.</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Incorporation of Certain Documents by Reference</u></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The following documents previously filed by the Registrant with the Securities and Exchange Commission (the &#8220;Commission&#8221;) are hereby incorporated by reference into this Registration Statement:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:middle;width:1.6%;">&nbsp;</td>
			<td style="vertical-align:top;width:1.6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(a)</p>
			</td>
			<td style="vertical-align:top;width:50.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;"><a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/10329/000143774921000971/bset20201128_10k.htm" style="-sec-extract:exhibit;">The Registrant&#8217;s Annual Report on Form 10-K filed with the Commission on January 21, 2021 for the fiscal year ended November 28, 2020;</a></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:middle;width:1.6%;">&nbsp;</td>
			<td style="vertical-align:top;width:1.6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(b)</p>
			</td>
			<td style="vertical-align:top;width:50.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Registrant&#8217;s Current Reports on Form 8-K filed with the Commission on <a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/10329/000143774920024820/bset20201203_8k.htm" style="-sec-extract:exhibit;">December 4, 2020</a>, <a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/10329/000143774921000701/bset20210113_8k.htm" style="-sec-extract:exhibit;">January 14, 2021</a>, <a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/10329/000143774921000856/bset20210118_8k.htm" style="-sec-extract:exhibit;">January 19, 2021</a> and <a href="http://www.sec.gov/ix?doc=/Archives/edgar/data/10329/000143774921005477/bset20210309_8k.htm" style="-sec-extract:exhibit;">March 10, 2021</a>;</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:middle;width:1.6%;">&nbsp;</td>
			<td style="vertical-align:top;width:1.6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(c)</p>
			</td>
			<td style="vertical-align:top;width:50.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The description of the Registrant&#8217;s Common Stock, par value $5.00 per share, contained in the Registrant&#8217;s Registration Statement on Form 8-A filed on March 22, 1965, as amended on <a href="http://www.sec.gov/Archives/edgar/data/10329/0000950133-98-002526.txt" style="-sec-extract:exhibit;">Form 8-A12G/A filed with the Commission on July 6, 1998</a>, including any amendments to such Registration Statement hereafter filed.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Each document or report subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act after the date of this Registration Statement, but prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered by this Registration Statement have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement. Each document or report incorporated into this Registration Statement by reference shall be deemed to be a part of this Registration Statement from the date of the filing of such document with the Commission until the information contained therein is superseded or updated by any subsequently filed document which is incorporated by reference into this Registration Statement.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item 4</u>.</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Description of Securities</u></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Not applicable.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item 5</u>.</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Interests of Named Experts and Counsel</u></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Not applicable.</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item</u>&nbsp;<u>6</u>.&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Indemnification of Officers and Directors</u></p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Article 10 of Chapter 9 of Title 13.1 of the Code of Virginia (the &#8220;Code&#8221;) permits a Virginia corporation to indemnify an individual made a party to a proceeding because he or she is or was a director or officer against liability incurred in the proceeding, if the director or officer conducted himself or herself in good faith and believed, in the case of conduct in his or her official capacity, that his or her conduct was in the best interests of the corporation and, in all other cases, that his or her conduct was at least not opposed to the best interests of the corporation and, in the case of a criminal proceeding, he or she had no reasonable cause to believe his or her conduct was unlawful. In a proceeding by or in the right of the corporation, no indemnification may be made, except for reasonable expenses incurred in connection with the proceeding if it is determined that the director or officer has met the relevant standard described above; provided, however, that a court may order indemnification to the extent of the director&#8217;s or officer&#8217;s reasonable expenses if it determines that, considering all the relevant circumstances, the director or officer is entitled to indemnification even though he or she was adjudged liable to the corporation, and may also order the corporation to pay the director&#8217;s or officer&#8217;s reasonable expenses incurred to obtain the order of indemnification. In any other proceeding charging improper personal benefit to the director or officer, whether or not involving action in his or her official capacity, no indemnification may be made if the director or officer is adjudged liable on the basis that personal benefit was improperly received by him or her.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">A Virginia corporation may pay for or reimburse any director or officer for reasonable expenses incurred in any proceeding in advance of final disposition of the proceeding, if (i) the director or officer furnishes the corporation a written statement of his or her good faith belief that he or she has met the standard of conduct described above, and (ii) the director or officer furnishes the corporation with a written undertaking, executed personally or on his or her behalf, to repay any funds advanced if the director or officer is not entitled to mandatory indemnification (as described below) and it is ultimately determined that the director or officer has not met the relevant standard of conduct.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Unless limited by its articles of incorporation, indemnification of a director or officer is mandatory when he or she entirely prevails in the defense of any proceeding to which he is a party because he is or was a director or officer.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Corporations are given the power to make any other or further indemnity, including advance of expenses, to any director or officer that may be authorized by the articles of incorporation or by any bylaw made by the shareholders, or any resolution adopted, before or after the event, by the shareholders, except an indemnity against willful misconduct or a knowing violation of the criminal law.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Bylaws of the Company require the Company to indemnify the Company&#8217;s directors and officers to the extent, in the manner and subject to compliance with the Code as described above.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Code permits a corporation to purchase and maintain insurance on behalf of its directors and officers against liabilities which they may incur in their capacities as such, whether or not the corporation would have the power to indemnify them under other provisions of the statute. The Company has purchased insurance to provide for indemnification of directors and officers.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item 7.</u></p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Exemption from Registration Claimed.</u></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Not applicable.</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item</u>&nbsp;<u>8.</u>&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Exhibits.</u></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">See Exhibit Index following signatures.</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Item</u>&nbsp;<u>9</u>.&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Undertakings</u>.</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">&nbsp;</td>
			<td style="vertical-align:top;width:94%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;(a)</p>
			</td>
			<td style="vertical-align:top;width:94%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">The undersigned Registrant hereby undertakes:</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:72pt;">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:108pt;">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;);</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:108pt;">(ii) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment hereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b), if in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the &#8220;Calculation of Registration Fee&#8221; table in the effective Registration Statement; and</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:108pt;">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in the Registration Statement;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">provided, however, that the undertakings set forth in paragraphs (i) and (ii) above shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act, that are incorporated by reference in this Registration Statement.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:72pt;">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:72pt;">(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:20pt;">(b) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of Registrant&#8217;s Annual Report pursuant to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Exchange Act that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:20pt;">(c)&nbsp; &nbsp;&nbsp; &nbsp; Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">
<div class="hf-row">
<div class="hf-cell TOCLink">&nbsp;</div>
</div>
</div>
</div>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>EXHIBIT INDEX</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:bottom;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Exhibit</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><u>Number</u></p>
			</td>
			<td style="vertical-align:bottom;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Description</u></p>
			</td>
			<td style="vertical-align:bottom;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Incorporation</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><u>by Reference</u></p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">&nbsp;</td>
			<td style="vertical-align:top;width:41.8%;">&nbsp;</td>
			<td style="vertical-align:top;width:7.5%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">4.1</p>
			</td>
			<td style="vertical-align:top;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Articles of Incorporation of the Registrant, as amended</p>
			</td>
			<td style="vertical-align:top;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(1)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">4.2</p>
			</td>
			<td style="vertical-align:top;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><a href="http://www.sec.gov/Archives/edgar/data/10329/000143774921000856/ex_221259.htm" style="-sec-extract:exhibit;">By-laws of the Registrant, as amended</a></p>
			</td>
			<td style="vertical-align:top;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(2)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">5.1</p>
			</td>
			<td style="vertical-align:top;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><a href="ex_232989.htm" style="-sec-extract:exhibit;">Opinion regarding legality of shares of Registrant&#8217;s Common Stock</a></p>
			</td>
			<td style="vertical-align:top;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(3)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">23.1</p>
			</td>
			<td style="vertical-align:top;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><a href="ex_232988.htm" style="-sec-extract:exhibit;">Consent of&nbsp;Ernst &amp; Young, LLP</a></p>
			</td>
			<td style="vertical-align:top;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(3)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">23.2</p>
			</td>
			<td style="vertical-align:top;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><a href="ex_232989.htm" style="-sec-extract:exhibit;">Consent of McGuireWoods LLP</a></p>
			</td>
			<td style="vertical-align:top;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(4)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">24.1</p>
			</td>
			<td style="vertical-align:top;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><a href="#poa" style="-sec-extract:exhibit;">Power of Attorney</a></p>
			</td>
			<td style="vertical-align:top;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(5)</p>
			</td>
		</tr>
		<tr>
			<td style="vertical-align:top;width:4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">99.1</p>
			</td>
			<td style="vertical-align:top;width:41.8%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><a href="http://www.sec.gov/Archives/edgar/data/10329/000143774921002240/bset20210204_def14a.htm" style="-sec-extract:exhibit;">Bassett Furniture Industries, Incorporated 2021 Stock Incentive Plan</a></p>
			</td>
			<td style="vertical-align:top;width:7.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(6)</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(1)</p>
			</td>
			<td style="vertical-align:top;width:51.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Incorporated herein by reference from the Registrant&#8217;s Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 1994.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(2)</p>
			</td>
			<td style="vertical-align:top;width:51.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Incorporated herein by reference to Exhibit 3 to the Registrant&#8217;s Current Report on Form 8-K filed with the Commission on January 19, 2021.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(3)</p>
			</td>
			<td style="vertical-align:top;width:51.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Filed herewith.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(4)</p>
			</td>
			<td style="vertical-align:top;width:51.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Contained in the Opinion filed as Exhibit 5.1.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(5)</p>
			</td>
			<td style="vertical-align:top;width:51.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Power of Attorney is contained within the Registrant&#8217;s signature page on the Registration Statement on Form S-8.</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:top;width:2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">(6)</p>
			</td>
			<td style="vertical-align:top;width:51.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">Incorporated herein by reference from the Registrant&#8217;s Definitive Proxy Statement on Schedule 14A filed with the Commission on February 8, 2021.</p>
			</td>
		</tr>

</table>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>REGISTRANT</b>&nbsp;<b>SIGNATURES</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:72pt;">Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of Henry, Commonwealth of Virginia, on March 10, 2021.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td style="vertical-align:middle;width:24.6%;">&nbsp;</td>
			<td colspan="2" style="vertical-align:middle;width:18.2%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">BASSETT FURNITURE INDUSTRIES,</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">INCORPORATED&nbsp;&nbsp;</p>
			</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:24.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:1.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:16.5%;">&nbsp;</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:24.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:1.6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">By:</p>
			</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:middle;width:16.5%;">/s/ Robert H. Spilman, Jr.</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:24.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:1.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:16.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Robert H. Spilman, Jr.</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Chairman and Chief Executive Officer</p>
			</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:24.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:1.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:16.5%;">&nbsp;</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:24.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:1.6%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">By:</p>
			</td>
			<td style="border-bottom:solid 1px #000000;vertical-align:middle;width:16.5%;">/s/ J. Michael Daniel</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="vertical-align:middle;width:24.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:1.6%;">&nbsp;</td>
			<td style="vertical-align:middle;width:16.5%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">J. Michael Daniel</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Senior Vice President and Chief Financial Officer</p>

			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">(principal financial and accounting officer)</p>
			</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b><a id="poa" name="poa" title="poa"></a>POWER OF ATTORNEY</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:72pt;">We, the undersigned directors and officers of Bassett Furniture Industries, Incorporated, do hereby constitute and appoint Robert H. Spilman, Jr., our true and lawful attorney and agent, to do any and all acts and things in our name and on our behalf in our capacities as directors and officers and to execute any and all instruments for us and in our names in the capacities indicated below, which said attorney and agent may deem necessary or advisable to enable said Registrant to comply with the Securities Act of 1933 and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with this Registration Statement, including specifically, but without limitation, power and authority to sign for us or any of us in our names in the capacities indicated below, any and all amendments (including post-effective amendments) hereto and registration statements filed pursuant to Rule 462 under the Securities Act of 1933, and we do hereby ratify and confirm all that said attorney and agent shall do or cause to be done by virtue hereof.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:72pt;">Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;margin-left:auto;margin-right:auto;">

		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Signature</u></p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Title(s)</u></p>
			</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><u>Date</u></p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ Robert H. Spilman, Jr.</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Robert H. Spilman, Jr.</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Chairman, Chief Executive Officer and Director&nbsp;&nbsp;</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ Emma S. Battle</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Emma S. Battle</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Director</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ John R. Belk</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">John R. Belk</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Director</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ Kristina Cashman</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Kristina Cashman</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Director</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ Virginia W. Hamlet</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Virginia W. Hamlet</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Director</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ J. Walter McDowell</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">J. Walter McDowell</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Director</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ William C. Wampler, Jr.</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">William C. Wampler, Jr.</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Director</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>
		<tr>
			<td style="border-bottom:solid 1px #000000;vertical-align:top;width:13.4%;">/s/ William C. Warden, Jr.</td>
			<td style="vertical-align:middle;width:10.7%;">&nbsp;</td>
			<td style="vertical-align:top;width:16%;">&nbsp;</td>
			<td style="vertical-align:top;width:13.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">March 10, 2021</p>
			</td>
		</tr>
		<tr>
			<td colspan="2" style="vertical-align:top;width:24.1%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">William C. Warden, Jr.</p>
			</td>
			<td style="vertical-align:top;width:16%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Director</p>
			</td>
			<td style="vertical-align:top;width:13.3%;">&nbsp;</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="LAST-PAGE-BREAK">
<div class="PGFTR">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
</div>
</div>
</div>


</body></html>
[{"type": "S-8", "sequence": "1", "filename": "bset20210310_s8.htm", "description": "FORM S-8", "secsgml_size_bytes": 74530}]
{"company-data": {"conformed-name": "BASSETT FURNITURE INDUSTRIES INC", "cik": "0000010329", "assigned-sic": "2511", "irs-number": "540135270", "state-of-incorporation": "VA", "fiscal-year-end": "1128"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-254104", "film-number": "21730835"}, "business-address": {"street1": "PO BOX 626", "city": "BASSETT", "state": "VA", "zip": "24055", "phone": "5406296209"}, "mail-address": {"street1": "MAIN ST", "street2": "P O BOX 626", "city": "BASSETT", "state": "VA", "zip": "24055"}}
bset20210310_s8.htm
AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON MARCH 10, 2021
REGISTRATION NO. 333-_____
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
BASSETT FURNITURE INDUSTRIES, INCORPORATED
(Exact name of Registrant as specified in its charter)
VIRGINIA
54-0135270
(State or other jurisdiction of
incorporation or organization)
(I.R.S. Employer
Identification No.)
3525 FAIRYSTONE PARK HIGHWAY
BASSETT,
VA 24055
(276) 629-6000
(Address, including zip code, of registrant
'
s principal executive offices)
BASSETT FURNITURE INDUSTRIES, INCORPORATED 2021 STOCK INCENTIVE PLAN
(Full Title
of Plan)
Jay R. Hervey
Vice President, Secretary and General Counsel
3525 Fairystone Park Highway
Bassett, VA 24055
(276) 629-6000
(Name, address, including zip code, and telephone
number, including area, code, of agent for service)
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer", "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.
Large accelerated filer      ☐
Accelerated filer     ☒
Non-accelerated filer     ☐
Smaller reporting company    ☐
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934.
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
CALCULATION OF REGISTRATION FEE
Title of
Securities to be registered
Amount
to be
registered(1)
Proposed
maximum
offering price
per share(2)
Proposed
aggregate
offering price(3)
Amount of
registration
fee
Bassett Furniture, Industries, Incorporated Common Stock, par value $5.00 per share, issuable under the Bassett Furniture Industries, Incorporated 2021 Stock Incentive Plan.
500,000
$20.695
$10,347,500
$1,128.91
(1)     Pursuant to Rule 416(a) under the Securities Act of 1933, as amended, this Registration Statement also covers, in addition to the number of shares of common stock stated above, additional securities that may be offered as a result of stock splits, stock dividends, or similar transactions.
(2)     Solely for the purpose of calculating the registration fee, the offering price per share, the aggregate offering price, and the amount of the registration fee have been computed in accordance with Rule 457(c) under the Securities Act of 1933, as amended. Accordingly, the price per share of the Common Stock has been calculated to be equal to the average of the high and low prices for a share of the Common Stock as reported by the NASDAQ Global Select Market on March 5, 2021, which is a specified date within five business days prior to the original date of filing of this registration statement.
(3)     Solely for the purpose of calculating the registration fee, the proposed aggregate offering price has been estimated in accordance with Rule 457(h) promulgated under the Securities Act of 1933, as amended.
EXPLANATORY NOTE
This Registration Statement on Form S-8, filed by Bassett Furniture Industries, Incorporated, a Virginia corporation (the "Registrant"), registers 500,000 shares of its Common Stock, par value $5.00 per share, which are authorized and reserved for issuance under the Bassett Furniture Industries, Incorporated 2021 Stock Incentive Plan.
PART I
INFORMATION REQUIRED IN THE SECTION 10(A) PROSPECTUS
Item 1
.
Plan Information
.
Not required to be filed as part of this Registration Statement pursuant to Note to Part I of Form S-8.
Item 2
.
Registrant Information and Employee Plan Annual Information
.
Not required to be filed as part of this Registration Statement pursuant to Note to Part I of Form S-8.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3
.
Incorporation of Certain Documents by Reference
The following documents previously filed by the Registrant with the Securities and Exchange Commission (the "Commission") are hereby incorporated by reference into this Registration Statement:
(a)
The Registrant's Annual Report on Form 10-K filed with the Commission on January 21, 2021 for the fiscal year ended November 28, 2020;
(b)
The Registrant's Current Reports on Form 8-K filed with the Commission on
December 4, 2020
,
January 14, 2021
,
January 19, 2021
and
March 10, 2021
;
(c)
The description of the Registrant's Common Stock, par value $5.00 per share, contained in the Registrant's Registration Statement on Form 8-A filed on March 22, 1965, as amended on
Form 8-A12G/A filed with the Commission on July 6, 1998
, including any amendments to such Registration Statement hereafter filed.
Each document or report subsequently filed by the Registrant with the Commission pursuant to Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act after the date of this Registration Statement, but prior to the filing of a post-effective amendment to this Registration Statement which indicates that all securities offered by this Registration Statement have been sold or which deregisters all such securities then remaining unsold, shall be deemed to be incorporated by reference into this Registration Statement. Each document or report incorporated into this Registration Statement by reference shall be deemed to be a part of this Registration Statement from the date of the filing of such document with the Commission until the information contained therein is superseded or updated by any subsequently filed document which is incorporated by reference into this Registration Statement.
Item 4
.
Description of Securities
Not applicable.
Item 5
.
Interests of Named Experts and Counsel
Not applicable.
Item
6
.
Indemnification of Officers and Directors
Article 10 of Chapter 9 of Title 13.1 of the Code of Virginia (the "Code") permits a Virginia corporation to indemnify an individual made a party to a proceeding because he or she is or was a director or officer against liability incurred in the proceeding, if the director or officer conducted himself or herself in good faith and believed, in the case of conduct in his or her official capacity, that his or her conduct was in the best interests of the corporation and, in all other cases, that his or her conduct was at least not opposed to the best interests of the corporation and, in the case of a criminal proceeding, he or she had no reasonable cause to believe his or her conduct was unlawful. In a proceeding by or in the right of the corporation, no indemnification may be made, except for reasonable expenses incurred in connection with the proceeding if it is determined that the director or officer has met the relevant standard described above; provided, however, that a court may order indemnification to the extent of the director's or officer's reasonable expenses if it determines that, considering all the relevant circumstances, the director or officer is entitled to indemnification even though he or she was adjudged liable to the corporation, and may also order the corporation to pay the director's or officer's reasonable expenses incurred to obtain the order of indemnification. In any other proceeding charging improper personal benefit to the director or officer, whether or not involving action in his or her official capacity, no indemnification may be made if the director or officer is adjudged liable on the basis that personal benefit was improperly received by him or her.
A Virginia corporation may pay for or reimburse any director or officer for reasonable expenses incurred in any proceeding in advance of final disposition of the proceeding, if (i) the director or officer furnishes the corporation a written statement of his or her good faith belief that he or she has met the standard of conduct described above, and (ii) the director or officer furnishes the corporation with a written undertaking, executed personally or on his or her behalf, to repay any funds advanced if the director or officer is not entitled to mandatory indemnification (as described below) and it is ultimately determined that the director or officer has not met the relevant standard of conduct.
Unless limited by its articles of incorporation, indemnification of a director or officer is mandatory when he or she entirely prevails in the defense of any proceeding to which he is a party because he is or was a director or officer.
Corporations are given the power to make any other or further indemnity, including advance of expenses, to any director or officer that may be authorized by the articles of incorporation or by any bylaw made by the shareholders, or any resolution adopted, before or after the event, by the shareholders, except an indemnity against willful misconduct or a knowing violation of the criminal law.
The Bylaws of the Company require the Company to indemnify the Company's directors and officers to the extent, in the manner and subject to compliance with the Code as described above.
The Code permits a corporation to purchase and maintain insurance on behalf of its directors and officers against liabilities which they may incur in their capacities as such, whether or not the corporation would have the power to indemnify them under other provisions of the statute. The Company has purchased insurance to provide for indemnification of directors and officers.
Item 7.
Exemption from Registration Claimed.
Not applicable.
Item
8.
Exhibits.
See Exhibit Index following signatures.
Item
9
.
Undertakings
.
(a)
The undersigned Registrant hereby undertakes:
(1)          To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i)     to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933, as amended (the "Securities Act");
(ii)      to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment hereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b), if in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement; and
(iii)     to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in the Registration Statement;
provided, however, that the undertakings set forth in paragraphs (i) and (ii) above shall not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act, that are incorporated by reference in this Registration Statement.
(2)     That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3)     To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b)      The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of Registrant's Annual Report pursuant to Section 13(a) or 15(d) of the Exchange Act that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c)       Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
EXHIBIT INDEX
Exhibit
Number
Description
Incorporation
by Reference
4.1
Articles of Incorporation of the Registrant, as amended
(1)
4.2
By-laws of the Registrant, as amended
(2)
5.1
Opinion regarding legality of shares of Registrant's Common Stock
(3)
23.1
Consent of Ernst & Young, LLP
(3)
23.2
Consent of McGuireWoods LLP
(4)
24.1
Power of Attorney
(5)
99.1
Bassett Furniture Industries, Incorporated 2021 Stock Incentive Plan
(6)
(1)
Incorporated herein by reference from the Registrant's Quarterly Report on Form 10-Q for the fiscal quarter ended February 28, 1994.
(2)
Incorporated herein by reference to Exhibit 3 to the Registrant's Current Report on Form 8-K filed with the Commission on January 19, 2021.
(3)
Filed herewith.
(4)
Contained in the Opinion filed as Exhibit 5.1.
(5)
The Power of Attorney is contained within the Registrant's signature page on the Registration Statement on Form S-8.
(6)
Incorporated herein by reference from the Registrant's Definitive Proxy Statement on Schedule 14A filed with the Commission on February 8, 2021.
REGISTRANT
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the County of Henry, Commonwealth of Virginia, on March 10, 2021.
BASSETT FURNITURE INDUSTRIES,
INCORPORATED
By:
/s/ Robert H. Spilman, Jr.
Robert H. Spilman, Jr.
Chairman and Chief Executive Officer
By:
/s/ J. Michael Daniel
J. Michael Daniel
Senior Vice President and Chief Financial Officer
(principal financial and accounting officer)
POWER OF ATTORNEY
We, the undersigned directors and officers of Bassett Furniture Industries, Incorporated, do hereby constitute and appoint Robert H. Spilman, Jr., our true and lawful attorney and agent, to do any and all acts and things in our name and on our behalf in our capacities as directors and officers and to execute any and all instruments for us and in our names in the capacities indicated below, which said attorney and agent may deem necessary or advisable to enable said Registrant to comply with the Securities Act of 1933 and any rules, regulations and requirements of the Securities and Exchange Commission, in connection with this Registration Statement, including specifically, but without limitation, power and authority to sign for us or any of us in our names in the capacities indicated below, any and all amendments (including post-effective amendments) hereto and registration statements filed pursuant to Rule 462 under the Securities Act of 1933, and we do hereby ratify and confirm all that said attorney and agent shall do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature
Title(s)
Date
/s/ Robert H. Spilman, Jr.
March 10, 2021
Robert H. Spilman, Jr.
Chairman, Chief Executive Officer and Director
/s/ Emma S. Battle
March 10, 2021
Emma S. Battle
Director
/s/ John R. Belk
March 10, 2021
John R. Belk
Director
/s/ Kristina Cashman
March 10, 2021
Kristina Cashman
Director
/s/ Virginia W. Hamlet
March 10, 2021
Virginia W. Hamlet
Director
/s/ J. Walter McDowell
March 10, 2021
J. Walter McDowell
Director
/s/ William C. Wampler, Jr.
March 10, 2021
William C. Wampler, Jr.
Director
/s/ William C. Warden, Jr.
March 10, 2021
William C. Warden, Jr.
Director