Bassett Furniture Industries (BSET) executive compensation, 2026 proxy

Robert H. Spilman, Jr., Chief Executive Officer and President, was paid $826,500 in 2025, up 68% from $491,900 the year before.

Filed
February 11, 2026
Annual meeting
March 11, 2026
Pay year
2025
Named executives
4
CEO total pay
$826,500+68% vs prior year
Prior say-on-pay support
97%of votes cast
CEO Target Bonus
$200,000Target annual cash incentive payout
CEO Maximum Bonus
$334,500Maximum annual cash incentive payout
Say-on-Pay Support
97%Approval at 2025 annual meeting

How Jr. was paid

$826,500 in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary59%Non-equity incentive40%All other compensation1%

Named executive officers

ExecutiveTotal
Robert H. Spilman, Jr.Chief Executive Officer and President$826,500
Bruce R. CohenourSenior Vice President and Chief Sales Officer$587,083
J. Michael DanielSenior Vice President and Chief Financial and Admin. Officer$488,330
John E. Bassett, IIISenior Vice President and Chief Operations Officer$485,938

What changed and why

  • $827KCEO total compensation increased to $826,500 in fiscal 2025 due to performance-based bonuses.
  • Annual performance-based bonuses were paid to named executive officers reflecting company performance.
  • No stock or option awards were granted to named executive officers in fiscal 2025.
  • Korn Ferry reviewed the peer group and added Tile Shop Holdings for 2026.

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.