BASSETT FURNITURE INDUSTRIES INC
8-K/A, 1997-12-18
WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED)
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<PAGE>   1





                                  FORM 8-K/A-2
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                                 CURRENT REPORT
                      PURSUANT TO SECTION 13 OR 15(d) OF
                      THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT DECEMBER 1, 1997

Commission File No. 0-209


                   BASSETT FURNITURE INDUSTRIES, INCORPORATED
             (Exact name of Registrant as specified in its charter)

<TABLE>
<S>                                                     <C>
            Virginia                                      54-0135270
 ---------------------------------                      ----------------------------
  (State or other jurisdiction                          (I.R.S. Employer
of incorporation or organization)                        Identification No.)
</TABLE>


                            Bassett, Virginia 24055
                    ----------------------------------------
                    (Address of principal executive offices)
                                   (Zip Code)


                                 (540) 629-6000
              (Registrant's telephone number, including area code)





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<PAGE>   2
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS


(A)      NONE

(B)      NONE

(C)      EXHIBIT 16 LETTER FROM KPMG PEAT MARWICK REGARDING CHANGE IN CERTIFIED
         PUBLIC ACCOUNTANTS (FILED HEREWITH)





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<PAGE>   3
                                   SIGNATURES



PURSUANT TO THE REQUIREMENTS OF THE SECURITIES AND EXCHANGE ACT OF 1934, THE
REGISTRANT HAS DULY CAUSED THIS REPORT TO BE SIGNED ON ITS BEHALF BY THE
UNDERSIGNED THEREUNTO DULY AUTHORIZED.


BASSETT FURNITURE INDUSTRIES, INCORPORATED




/s/ Douglas W. Miller

- -------------------------------------------------------------------
DOUGLAS W. MILLER, VICE-PRESIDENT AND CHIEF FINANCIAL OFFICER

DATE:  December 17, 1997
     --------------------------




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<PAGE>   4

                       SECURITIES AND EXCHANGE COMMISSION
                                WASHINGTON, D.C.


                                    EXHIBITS


                                    Form 8-K
                                 CURRENT REPORT

<TABLE>
<S>                                      <C>
Date of Report
December 1, 1997                         Commission File Number
                                         0-209
</TABLE>

                       BASSETT FURNITURE INDUSTRIES, INC.

                              EXHIBIT INDEX           

<TABLE>
<S>                              <C>
Exhibit No                       Exhibit Description

     16                          Letter of KPMG Peat Marwick dated December 11, 1997
                                 regarding change in certifying accountant,
                                 (Page 5 of the sequentially numbered pages).
</TABLE>





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<PAGE>   1
                                              [KPMG PEAT MARWICK LLP LETTERHEAD]


<TABLE>
     <S>                                        <C>                                       <C>
     SUITE 700                                  TELEPHONE 910 275 3394                    TELEFAX 910 273 9853
     301 N. ELM STREET
     GREENSBORO,  NC 27401
</TABLE>





December 11, 1997



Securities and Exchange Commission
Washington, D.C. 20549

Ladies and Gentlemen:

We were previously principal accountants for Bassett Furniture Industries,
Incorporated and, under the date of December 17, 1996, we reported on the
consolidated financial statements of Bassett Furniture Industries, Incorporated
and subsidiaries as of and for the years ended November 30, 1996 and 1995.  On
November 21, 1997, our appointment as principal accountants was terminated.

We have read Bassett Furniture Industries, Incorporated's statements included
under Item 4 of its Form 8K dated December 1, 1997 and we agree with such
statements, except that we are not in a position to agree or disagree with
Bassett Furniture Industries, Incorporated's statement regarding the reason for
the change in principal accountants or that such change was approved by the
Board of Directors.

Very truly yours,

/s/ KPMG PEAT MARWICK LLP





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