{"version":"company-facts.v1","source":"https://secwatch.observer","generated_at":"2026-07-11T12:35:17.040414+00:00","company":{"ticker":"FLXS","cik":37472,"company_name":"FLEXSTEEL INDUSTRIES INC"},"pagination":{"limit":100,"returned":35,"next_cursor":null},"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer","counterparties":{"contract_counterparty":[{"display_name":"F. Brooks Bertsch and certain family related entities","detail":"equity_purchase","count":1,"first_seen":"2026-04-28T23:59:59+00:00","last_seen":"2026-04-28T23:59:59+00:00","evidence_fact_ids":[22638]}]},"facts":[{"fact_type":"material_agreement","fact_key":"805cf0f52274b0df51dcef3813863eaf389fc3a6","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2026-04-28T23:59:59+00:00","payload":{"action":"entry","agreement_name":"Stock Repurchase Agreement","agreement_type":"equity_purchase","counterparty":"F. Brooks Bertsch and certain family related entities","effective_date":"2026-04-26","item_codes_triggered":["1.01"],"value_text":"approximately $60.2 million"},"claim":"FLEXSTEEL INDUSTRIES INC entered into Stock Repurchase Agreement with F. Brooks Bertsch and certain family related entities valued at approximately $60.2 million (effective 2026-04-26).","evidence_excerpt":"On April 26, 2026, Flexsteel Industries, Inc. (the “Company”) entered into a stock repurchase agreement (the “Stock Repurchase Agreement”) with F. Brooks Bertsch, a director of the Company, and certain family related entities listed on Schedule 1 thereto (the “Stockholders”) for the purchase by the Company of 1,279,870 shares of the Company’s common stock, $1.00 par value per share (the “Common Stock”) from the Stockholders in a privately-negotiated transaction at a purchase price of $47.00 per share and for a total purchase price of approximately $60.2 million.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000037472-26-000028","anchor_url":"https://secwatch.observer/filing/0000037472-26-000028#claim-805cf0f52274b0df51dcef3813863eaf389fc3a6","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/0000037472-26-000028-index.htm"},{"fact_type":"executive_change","fact_key":"b5308a5628","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2026-04-28T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2026-04-28","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"F. Brooks Bertsch resigned as Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"F. Brooks Bertsch resigned from the Board pursuant to the terms of the Stock Repurchase Agreement.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-26-000028","anchor_url":"https://secwatch.observer/filing/0000037472-26-000028#claim-b5308a5628","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/0000037472-26-000028-index.htm"},{"fact_type":"earnings_release","fact_key":"86deb05863087a88e61ce4eb666c7fe2f1b110d9","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2026-04-20T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"lowered","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"Fourth Quarter Fiscal 2026","report_date":"2026-04-20","result_type":"guidance_update","revenue_text":"flat to prior year levels"},"claim":"FLEXSTEEL INDUSTRIES INC reported Fourth Quarter Fiscal 2026 results: revenue flat to prior year levels. Guidance lowered.","evidence_excerpt":"Looking ahead, we expect near-term demand and profitability to remain under pressure, with fourth quarter sales likely flat to prior year levels and operating margins similar to third quarter performance.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0001193125-26-164017","anchor_url":"https://secwatch.observer/filing/0001193125-26-164017#claim-86deb05863087a88e61ce4eb666c7fe2f1b110d9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000119312526164017/0001193125-26-164017-index.htm"},{"fact_type":"earnings_release","fact_key":"cdf5a309c062fa0d1c326d874fc4cffec9bb88c8","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2026-04-20T23:59:59+00:00","payload":{"eps_text":"$1.14 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$6.4 million","period_text":"Third Quarter Ended March 31, 2026","report_date":"2026-04-20","result_type":"reported_results","revenue_text":"$115.1 million"},"claim":"FLEXSTEEL INDUSTRIES INC reported Third Quarter Ended March 31, 2026 results: revenue $115.1 million, net income $6.4 million, EPS $1.14 per diluted share.","evidence_excerpt":"furniture products in the United States, today reported third quarter fiscal 2026 results. Key Results for the Third Quarter Ended March 31, 2026 • Net sales for the quarter of $115.1 million compared to $114.0 million in the prior year quarter, an increase of 1.0%. • GAAP operating income of $8.2 million or 7.1% of net sales compared to an operating loss of ($5.1)","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0001193125-26-164017","anchor_url":"https://secwatch.observer/filing/0001193125-26-164017#claim-cdf5a309c062fa0d1c326d874fc4cffec9bb88c8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000119312526164017/0001193125-26-164017-index.htm"},{"fact_type":"executive_change","fact_key":"8cd803932d","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2025-05-21T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2025-05-21","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Terence P. Calloway was appointed as Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"Effective May 21, 2025, the Board of Directors (the “Board”) of Flexsteel Industries, Inc. (the “Company”) appointed Terence P. Calloway to the Board.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-25-075772","anchor_url":"https://secwatch.observer/filing/0000950170-25-075772#claim-8cd803932d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017025075772/0000950170-25-075772-index.htm"},{"fact_type":"earnings_release","fact_key":"0c6b29bc19ad9ce5932269b223b78d1fad4c9c0b","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-04-29T23:59:59+00:00","payload":{"eps_text":null,"guidance_signal":"raised","item_codes_triggered":["2.02"],"net_income_text":null,"period_text":"fourth quarter fiscal 2024","report_date":"2024-04-29","result_type":"guidance_update","revenue_text":null},"claim":"FLEXSTEEL INDUSTRIES INC updated its fourth quarter fiscal 2024 guidance (raised).","evidence_excerpt":"For the fourth quarter fiscal 2024, the Company reiterates previously disclosed sales guidance. The Company is increasing the low-end range of expected adjusted operating margin","confidence":0.8,"filing_url":"https://secwatch.observer/filing/0000950170-24-049888","anchor_url":"https://secwatch.observer/filing/0000950170-24-049888#claim-0c6b29bc19ad9ce5932269b223b78d1fad4c9c0b","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024049888/0000950170-24-049888-index.htm"},{"fact_type":"earnings_release","fact_key":"3a3fc069373b4ebfb98171c66001fa0c1da17ffe","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-04-29T23:59:59+00:00","payload":{"eps_text":"$0.33","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$1.8 million","period_text":"Third Quarter Ended March 31, 2024","report_date":"2024-04-29","result_type":"reported_results","revenue_text":"$107.2 million"},"claim":"FLEXSTEEL INDUSTRIES INC reported Third Quarter Ended March 31, 2024 results: revenue $107.2 million, net income $1.8 million, EPS $0.33.","evidence_excerpt":"Strong sales growth of 8.2%. Net sales for the quarter of $107.2 million compared to $99.1 million in the prior year quarter. • Robust sales orders of $111.5 million representing growth of $12.2M, or 12.3%, compared to the prior year quarter. • Significant gross margin expansion to 21.7% compared to 18.8% in the prior year quarter. • GAAP operating income of $3.0 million or 2.8% of net sales compared to $2.1 million or 2.1% of net sales in the prior year quarter. o Adjusted operating income of $5.6 million or 5.2% of net sales for the third quarter compared to $2.1 million or 2.1% of net sales in the prior year quarter. • GAAP net income per diluted share of $0.33 for the current quarter compared to net income per diluted share of $0.28 in the prior year quarter.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000950170-24-049888","anchor_url":"https://secwatch.observer/filing/0000950170-24-049888#claim-3a3fc069373b4ebfb98171c66001fa0c1da17ffe","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024049888/0000950170-24-049888-index.htm"},{"fact_type":"executive_change","fact_key":"88ef1ca5b9","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-04-29T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"retirement","effective_date":"2024-06-30","interim":false,"role":"Chief Executive Officer","role_category":"ceo","successor_name":"Derek P. Schmidt","successor_named":true},"claim":"Jerald K. Dittmer resigned as Chief Executive Officer at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"Mr. Schmidt will succeed Jerald K. Dittmer who has announced his resignation from the position of Chief Executive Officer effective June 30, 2024, and retirement from the Company on December 31, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-049888","anchor_url":"https://secwatch.observer/filing/0000950170-24-049888#claim-88ef1ca5b9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024049888/0000950170-24-049888-index.htm"},{"fact_type":"executive_change","fact_key":"2a5fcc9e80","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-04-29T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-07-01","interim":false,"role":"Chief Executive Officer","role_category":"ceo","successor_name":null,"successor_named":false},"claim":"Derek P. Schmidt was appointed as Chief Executive Officer at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On April 29, 2024, Flexsteel Industries, Inc. (the “Company”) announced the appointment of Derek P. Schmidt to the position of Chief Executive Officer effective on July 1, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-049888","anchor_url":"https://secwatch.observer/filing/0000950170-24-049888#claim-2a5fcc9e80","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024049888/0000950170-24-049888-index.htm"},{"fact_type":"executive_change","fact_key":"3e6b255d37","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-04-18T23:59:59+00:00","payload":{"action":"departing","action_category":"departure","departure_tone":"routine","effective_date":"2024-04-30","interim":false,"role":"VP – Strategic Business Development","role_category":"other_named_officer","successor_name":null,"successor_named":false},"claim":"Timothy P. Newlin departed as VP – Strategic Business Development at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"The Company has announced that Timothy P. Newlin, VP – Strategic Business Development’s last day with the Company will be on April 30, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-045439","anchor_url":"https://secwatch.observer/filing/0000950170-24-045439#claim-3e6b255d37","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024045439/0000950170-24-045439-index.htm"},{"fact_type":"governance_change","fact_key":"aa8688ca938112fb0eeddd4062ebffa45b3607f1","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-03-08T23:59:59+00:00","payload":{"change_type":"bylaw_amendment","effective_date":"2024-03-05","item_codes_triggered":["5.03"],"summary_text":"Amended and Restated Bylaws to address Universal Proxy Rules and make related changes"},"claim":"FLEXSTEEL INDUSTRIES INC: Amended and Restated Bylaws to address Universal Proxy Rules and make related changes (effective 2024-03-05).","evidence_excerpt":"On March 5, 2024, in connection with Rule 14a-19 adopted by the U.S. Securities and Exchange Commission and related requirements (collectively, the “Universal Proxy Rules”) and a periodic review of the Bylaws of Flexsteel Industries, Inc. (“Flexsteel”), the Board of Directors (the “Board”) of Flexsteel amended and restated Flexsteel’s Bylaws (the “Amended and Restated Bylaws”), effective immediately.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000950170-24-028722","anchor_url":"https://secwatch.observer/filing/0000950170-24-028722#claim-aa8688ca938112fb0eeddd4062ebffa45b3607f1","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024028722/0000950170-24-028722-index.htm"},{"fact_type":"earnings_release","fact_key":"1d9e27fb8003d3087d4594aaa59810f5849ca093","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-02-05T23:59:59+00:00","payload":{"eps_text":"$0.57 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$3.1 million","period_text":"s econd Quarter Ended December 31, 2023","report_date":"2024-02-05","result_type":"reported_results","revenue_text":"$100.1 million"},"claim":"FLEXSTEEL INDUSTRIES INC reported s econd Quarter Ended December 31, 2023 results: revenue $100.1 million, net income $3.1 million, EPS $0.57 per diluted share.","evidence_excerpt":"Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000950170-24-011243","anchor_url":"https://secwatch.observer/filing/0000950170-24-011243#claim-1d9e27fb8003d3087d4594aaa59810f5849ca093","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024011243/0000950170-24-011243-index.htm"},{"fact_type":"restructuring_charge","fact_key":"5025362ff2f7f0365a14cb2b3d0bf68095a0ca4c","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-02-05T23:59:59+00:00","payload":{"affected_area":"Dublin, Georgia manufacturing plant","charge_text":"$2.5 million and $3.2 million","effective_date":"2024-02-05","event_type":"restructuring","headcount_text":"approximately $2.0 million to $2.5 million for employee separations","item_codes_triggered":["2.05"]},"claim":"FLEXSTEEL INDUSTRIES INC announced a restructuring with charges of $2.5 million and $3.2 million affecting Dublin, Georgia manufacturing plant (approximately $2.0 million to $2.5 million for employee separations).","evidence_excerpt":"the company expects to incur pre-tax restructuring and related expenses between $2.5 million and $3.2 million. The one-time costs include approximately $2.0 million to $2.5 million for employee separations and $0.5 million to $0.7 million for other expenses directly related to the closure.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000950170-24-011243","anchor_url":"https://secwatch.observer/filing/0000950170-24-011243#claim-5025362ff2f7f0365a14cb2b3d0bf68095a0ca4c","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024011243/0000950170-24-011243-index.htm"},{"fact_type":"earnings_release","fact_key":"9f12286b556eb0cac74d3ebd5e9528c8677b307f","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-01-11T23:59:59+00:00","payload":{"eps_text":"GAAP net income per diluted share of $0.57 for the current quarter compared to net income of $0.53 in the prior year qua","guidance_signal":"reaffirmed","item_codes_triggered":["2.02"],"net_income_text":"GAAP net income per diluted share of $0.57 for the current quarter","period_text":"Second Quarter Ended December 31, 2023","report_date":"2024-01-11","result_type":"preliminary_results","revenue_text":"Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter."},"claim":"FLEXSTEEL INDUSTRIES INC reported Second Quarter Ended December 31, 2023 results: revenue Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter., net income GAAP net income per diluted share of $0.57 for the current quarter, EPS GAAP net income per diluted share of $0.57 for the current quarter compared to net income of $0.53 in the prior year qua. Guidance reaffirmed.","evidence_excerpt":"The Company expects to report the following financial results for its second quarter ended December 31, 2023: • Healthy sales growth of 7.5%: Net sales for the quarter of $100.1 million compared to $93.1 million in the prior year quarter. • Robust sales orders of $104.8 million representing growth of $12.8 million, or 13.9%, compared to prior year quarter. •","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-003938","anchor_url":"https://secwatch.observer/filing/0000950170-24-003938#claim-9f12286b556eb0cac74d3ebd5e9528c8677b307f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024003938/0000950170-24-003938-index.htm"},{"fact_type":"executive_change","fact_key":"f26acf80f7","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-01-11T23:59:59+00:00","payload":{"action":"relinquished","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2024-01-10","interim":false,"role":"Chief Executive Officer","role_category":"ceo","successor_name":"Derek P. Schmidt","successor_named":true},"claim":"Jerald K. Dittmer changed role as Chief Executive Officer at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On January 10, 2024, in connection with Derek P. Schmidt being appointed President, Jerald K. Dittmer is relinquishing his position as President and will continue to serve as the Chief Executive Officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-003938","anchor_url":"https://secwatch.observer/filing/0000950170-24-003938#claim-f26acf80f7","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024003938/0000950170-24-003938-index.htm"},{"fact_type":"executive_change","fact_key":"2a8c47a882","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-01-11T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2024-01-10","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Derek P. Schmidt was appointed as Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"Mr. Schmidt will also be appointed to the Company’s Board of Directors effective January 10, 2024.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-003938","anchor_url":"https://secwatch.observer/filing/0000950170-24-003938#claim-2a8c47a882","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024003938/0000950170-24-003938-index.htm"},{"fact_type":"executive_change","fact_key":"dc090f2284","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-01-11T23:59:59+00:00","payload":{"action":"promoted","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2024-01-10","interim":false,"role":"President","role_category":"president","successor_name":"Michael J. Ressler","successor_named":true},"claim":"Derek P. Schmidt changed role as President at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"Mr. Schmidt was promoted to the position of President to reflect the level of responsibility he holds for the Company’s operations and growth strategy.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-003938","anchor_url":"https://secwatch.observer/filing/0000950170-24-003938#claim-dc090f2284","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024003938/0000950170-24-003938-index.htm"},{"fact_type":"executive_change","fact_key":"2362985148","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-01-11T23:59:59+00:00","payload":{"action":"promoted","action_category":"role_change","departure_tone":"not_applicable","effective_date":"2024-01-10","interim":false,"role":"Chief Financial Officer, Treasurer & Secretary","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Michael J. Ressler changed role as Chief Financial Officer, Treasurer & Secretary at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On January 10, 2024, Flexsteel Industries, Inc. (the “Company”) announced that Michael J. Ressler has been promoted to assume the role of Chief Financial Officer, Treasurer & Secretary effective immediately.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-003938","anchor_url":"https://secwatch.observer/filing/0000950170-24-003938#claim-2362985148","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024003938/0000950170-24-003938-index.htm"},{"fact_type":"executive_change","fact_key":"f2661d0904","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2024-01-11T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2024-01-09","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Matt Kaness resigned as Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On January 9, 2024, Matt Kaness notified the Company that he is resigning from the Board of Directors effective immediately due to a need to focus on his primary professional commitments and to consider other opportunities.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-24-003938","anchor_url":"https://secwatch.observer/filing/0000950170-24-003938#claim-f2661d0904","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017024003938/0000950170-24-003938-index.htm"},{"fact_type":"shareholder_vote","fact_key":"18809f4c1ee11dbfa608ee5c503aa1e7c585fbdb","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-12-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-12-13","outcome":"passed","proposal_text":"Advisory vote on compensation of named executive officers","proposal_type":"say_on_pay","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"133,738","votes_against":"548,745","votes_for":"3,150,653","votes_withheld":null}]},"claim":"FLEXSTEEL INDUSTRIES INC shareholders approved Advisory vote on compensation of named executive officers at the 2023-12-13 meeting.","evidence_excerpt":"The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000950170-23-071480","anchor_url":"https://secwatch.observer/filing/0000950170-23-071480#claim-18809f4c1ee11dbfa608ee5c503aa1e7c585fbdb","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017023071480/0000950170-23-071480-index.htm"},{"fact_type":"shareholder_vote","fact_key":"a16c59864c82e681a784c63283a155d26ba5ff67","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-12-19T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":"2023-12-13","outcome":"passed","proposal_text":"Election of three Class I directors to serve until 2026 Annual Meeting","proposal_type":"director_election","results":[{"broker_non_votes":null,"subject":"Matthew A. Kaness","votes_abstain":null,"votes_against":null,"votes_for":"1,963,207","votes_withheld":"1,869,929"},{"broker_non_votes":null,"subject":"Thomas M. Levine","votes_abstain":null,"votes_against":null,"votes_for":"3,542,905","votes_withheld":"290,231"},{"broker_non_votes":null,"subject":"Jeanne McGovern","votes_abstain":null,"votes_against":null,"votes_for":"3,662,590","votes_withheld":"170,546"}]},"claim":"FLEXSTEEL INDUSTRIES INC shareholders approved Election of three Class I directors to serve until 2026 Annual Meeting at the 2023-12-13 meeting.","evidence_excerpt":"The shareholders elected three Class I directors to serve as members of the Company’s Board of Directors until the year 2026 Annual Meeting and until their respective successors have been elected and qualified or until their earlier resignation, removal, or termination.","confidence":0.9,"filing_url":"https://secwatch.observer/filing/0000950170-23-071480","anchor_url":"https://secwatch.observer/filing/0000950170-23-071480#claim-a16c59864c82e681a784c63283a155d26ba5ff67","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017023071480/0000950170-23-071480-index.htm"},{"fact_type":"earnings_release","fact_key":"8319cc29f61f23ef16aa67ad012bb450d3a51db9","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-10-31T23:59:59+00:00","payload":{"eps_text":"$0.14 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$0.8 million","period_text":"first quarter fiscal 2024","report_date":"2023-10-31","result_type":"reported_results","revenue_text":"$94.6 million"},"claim":"FLEXSTEEL INDUSTRIES INC reported first quarter fiscal 2024 results: revenue $94.6 million, net income $0.8 million, EPS $0.14 per diluted share.","evidence_excerpt":"products in the United States, today reported first quarter fiscal 2024 results. Key Results for the f irst Quarter Ended September 30, 2023 • Net sales for the quarter of $94.6 million compared to $95.7 million in the prior year quarter, a decrease of (1.1%). • Gross margin increased to 19.5% for the first quarter compared to 16.0% in the prior year quarter. •","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-23-056869","anchor_url":"https://secwatch.observer/filing/0000950170-23-056869#claim-8319cc29f61f23ef16aa67ad012bb450d3a51db9","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017023056869/0000950170-23-056869-index.htm"},{"fact_type":"executive_change","fact_key":"b63a37fd46","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-10-10T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2023-12-13","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Mary C. Bottie resigned as Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On October 9, 2023, Mary C. Bottie gave the Board of Directors (the “Board”) of Flexsteel Industries, Inc. (the “Company”) notice that she intends to resign from the Board effective at the conclusion of the Board meeting to be held December 13, 2023.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000950170-23-052639","anchor_url":"https://secwatch.observer/filing/0000950170-23-052639#claim-b63a37fd46","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000095017023052639/0000950170-23-052639-index.htm"},{"fact_type":"earnings_release","fact_key":"95985aa747cd0f4429fc6d813a836bacbcdcb9ca","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-08-21T23:59:59+00:00","payload":{"eps_text":"$1.91 per diluted share","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"$10.2 million, or $1.91 per diluted share","period_text":"Fourth Quarter and Fiscal Year Ended June 30, 2023","report_date":"2023-08-21","result_type":"reported_results","revenue_text":"$105.8 million"},"claim":"FLEXSTEEL INDUSTRIES INC reported Fourth Quarter and Fiscal Year Ended June 30, 2023 results: revenue $105.8 million, net income $10.2 million, or $1.91 per diluted share, EPS $1.91 per diluted share.","evidence_excerpt":"Net sales were $105.8 million for the fourth quarter","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-23-000019","anchor_url":"https://secwatch.observer/filing/0000037472-23-000019#claim-95985aa747cd0f4429fc6d813a836bacbcdcb9ca","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000019/0000037472-23-000019-index.htm"},{"fact_type":"executive_change","fact_key":"c9b0ef0061","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-06-01T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2023-05-30","interim":true,"role":"Chief Financial Officer","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Derek P. Schmidt was appointed as Chief Financial Officer at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"Derek P. Schmidt, Chief Operating Officer, was appointed by the Board of Directors on May 30, 2023 to also serve in the roles of Chief Financial Officer and Principal Financial and Accounting Officer on an interim basis until a successor for Mr. Huerta is named.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-23-000016","anchor_url":"https://secwatch.observer/filing/0000037472-23-000016#claim-c9b0ef0061","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000016/0000037472-23-000016-index.htm"},{"fact_type":"executive_change","fact_key":"564db6fd2f","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-06-01T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2023-05-26","interim":false,"role":"Chief Financial Officer","role_category":"cfo","successor_name":"Derek P. Schmidt","successor_named":true},"claim":"G. Alejandro Huerta resigned as Chief Financial Officer at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On May 26, 2023, G. Alejandro Huerta, Chief Financial Officer and Principal Financial and Accounting Officer of the Company, submitted his resignation to pursue another opportunity.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-23-000016","anchor_url":"https://secwatch.observer/filing/0000037472-23-000016#claim-564db6fd2f","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000016/0000037472-23-000016-index.htm"},{"fact_type":"earnings_release","fact_key":"61ec96684a9a3bf2a6f030e4e627a5a362df35f8","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2023-02-06T23:59:59+00:00","payload":{"eps_text":"0.53","guidance_signal":"none","item_codes_triggered":["2.02"],"net_income_text":"2.9 million","period_text":"second quarter ended December 31, 2022","report_date":"2023-02-06","result_type":"reported_results","revenue_text":"93.1 million"},"claim":"FLEXSTEEL INDUSTRIES INC reported second quarter ended December 31, 2022 results: revenue 93.1 million, net income 2.9 million, EPS 0.53.","evidence_excerpt":"environment, I am pleased with our second quarter results,” said Jerry Dittmer, President, and CEO of Flexsteel Industries. “ We delivered net sales for the quarter of $93.1 million, which was within our sales guidance of $87 to $97 million, as our growth initiatives helped partially offset the hurdles posed by high retail inventories and waning consumer","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-23-000003","anchor_url":"https://secwatch.observer/filing/0000037472-23-000003#claim-61ec96684a9a3bf2a6f030e4e627a5a362df35f8","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747223000003/0000037472-23-000003-index.htm"},{"fact_type":"shareholder_vote","fact_key":"900bcda11d82c59917cfb2be5265128062870e75","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2022-12-16T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Approval of Flexsteel Industries, Inc. 2022 Equity Incentive Plan","proposal_type":"equity_plan","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"3,355","votes_against":"300,650","votes_for":"3,352,350","votes_withheld":null}]},"claim":"FLEXSTEEL INDUSTRIES INC shareholders approved Approval of Flexsteel Industries, Inc. 2022 Equity Incentive Plan.","evidence_excerpt":"3. The shareholders approved Flexsteel Industries, Inc. 2022 Equity Incentive Plan. There were 3,352,350 votes cast for the proposal; 300,650 votes were cast against the proposal; 3,355 votes abstained, and there were 0 broker non-votes.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-22-000064","anchor_url":"https://secwatch.observer/filing/0000037472-22-000064#claim-900bcda11d82c59917cfb2be5265128062870e75","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747222000064/0000037472-22-000064-index.htm"},{"fact_type":"shareholder_vote","fact_key":"ba615cb635ad0bb62b0a5b69d683077935471d55","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2022-12-16T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Advisory vote on executive compensation","proposal_type":"say_on_pay","results":[{"broker_non_votes":"0","subject":null,"votes_abstain":"7,397","votes_against":"539,767","votes_for":"3,109,191","votes_withheld":null}]},"claim":"FLEXSTEEL INDUSTRIES INC shareholders approved Advisory vote on executive compensation.","evidence_excerpt":"2. The shareholders approved, on an advisory basis, the compensation of the Company’s named executive officers. There were 3,109,191 votes cast for the proposal; 539,767 votes were cast against the proposal; 7,397 votes abstained, and there were 0 broker non-votes.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-22-000064","anchor_url":"https://secwatch.observer/filing/0000037472-22-000064#claim-ba615cb635ad0bb62b0a5b69d683077935471d55","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747222000064/0000037472-22-000064-index.htm"},{"fact_type":"shareholder_vote","fact_key":"733f91ba4980a9a2b4d1731e9aca9aaa7e533c95","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2022-12-16T23:59:59+00:00","payload":{"item_codes_triggered":["5.07"],"meeting_date":null,"outcome":"passed","proposal_text":"Election of Class III Directors","proposal_type":"director_election","results":[{"broker_non_votes":null,"subject":"William S. Creekmuir","votes_abstain":null,"votes_against":null,"votes_for":"3,277,573","votes_withheld":"378,782"},{"broker_non_votes":null,"subject":"M. Scott Culbreth","votes_abstain":null,"votes_against":null,"votes_for":"3,487,824","votes_withheld":"168,531"},{"broker_non_votes":null,"subject":"Jerald K. Dittmer","votes_abstain":null,"votes_against":null,"votes_for":"3,500,287","votes_withheld":"156,068"}]},"claim":"FLEXSTEEL INDUSTRIES INC shareholders approved Election of Class III Directors.","evidence_excerpt":"1. The shareholders elected three Class III directors to serve as members of the Company’s Board of Directors until the year 2025 Annual Meeting and until their respective successors have been elected and qualified or until their earlier resignation, removal, or termination. The shareholders present in person or by proxy cast the following number of votes in connection with the election of directors, resulting in the election of all director nominees: Nominee Votes For Votes Withheld William S. Creekmuir 3,277,573 378,782 M. Scott Culbreth 3,487,824 168,531 Jerald K. Dittmer 3,500,287 156,068","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-22-000064","anchor_url":"https://secwatch.observer/filing/0000037472-22-000064#claim-733f91ba4980a9a2b4d1731e9aca9aaa7e533c95","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747222000064/0000037472-22-000064-index.htm"},{"fact_type":"executive_change","fact_key":"f94bb7d73a","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2022-10-04T23:59:59+00:00","payload":{"action":"resigned","action_category":"departure","departure_tone":"routine","effective_date":"2022-12-14","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Eric S. Rangen resigned as Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On September 30, 2022, Eric S. Rangen gave the Board of Directors (the “Board”) of Flexsteel Industries, Inc. (the “Company”) notice that he intends to resign from the Board effective at the conclusion of the Board meeting to be held December 14, 2022, to focus on family and other personal interests.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000037472-22-000051","anchor_url":"https://secwatch.observer/filing/0000037472-22-000051#claim-f94bb7d73a","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747222000051/0000037472-22-000051-index.htm"},{"fact_type":"executive_change","fact_key":"772cb6712d","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2022-10-04T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-09-30","interim":false,"role":"Class I Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Jeanne McGovern was appointed as Class I Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On September 30, 2022, Jeanne McGovern was appointed to the Board.","confidence":1.0,"filing_url":"https://secwatch.observer/filing/0000037472-22-000051","anchor_url":"https://secwatch.observer/filing/0000037472-22-000051#claim-772cb6712d","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747222000051/0000037472-22-000051-index.htm"},{"fact_type":"executive_change","fact_key":"48e2568350","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2022-05-24T23:59:59+00:00","payload":{"action":"relinquished CFO, expanded as COO","action_category":"role_change","departure_tone":"routine","effective_date":"2022-06-01","interim":false,"role":"Chief Operating Officer","role_category":"coo","successor_name":"Alejandro Huerta","successor_named":true},"claim":"Derek P. Schmidt changed role as Chief Operating Officer at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"On June 1, 2022, in connection with the hiring of Mr. Huerta, Derek P. Schmidt is relinquishing his positions as Chief Financial Officer and Principal Financial and Accounting Officer and expanding his responsibilities as Chief Operating Officer.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-22-000030","anchor_url":"https://secwatch.observer/filing/0000037472-22-000030#claim-48e2568350","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747222000030/0000037472-22-000030-index.htm"},{"fact_type":"executive_change","fact_key":"6d16c5f8bd","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2022-05-24T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2022-06-01","interim":false,"role":"Chief Financial Officer, Treasurer & Secretary","role_category":"cfo","successor_name":null,"successor_named":false},"claim":"Alejandro Huerta was appointed as Chief Financial Officer, Treasurer & Secretary at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"the Company announced that Alejandro Huerta will join the Company and assume the role of Chief Financial Officer, Treasurer & Secretary on June 1, 2022.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-22-000030","anchor_url":"https://secwatch.observer/filing/0000037472-22-000030#claim-6d16c5f8bd","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747222000030/0000037472-22-000030-index.htm"},{"fact_type":"executive_change","fact_key":"56ad3c2446","cik":37472,"ticker":"FLXS","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2021-12-22T23:59:59+00:00","payload":{"action":"appointed","action_category":"appointment","departure_tone":"not_applicable","effective_date":"2021-12-21","interim":false,"role":"Director","role_category":"director","successor_name":null,"successor_named":false},"claim":"Michael Scott Culbreth was appointed as Director at FLEXSTEEL INDUSTRIES INC.","evidence_excerpt":"Effective December 21, 2021, the Board of Directors (the “Board”) of Flexsteel Industries, Inc. (the “Company”) appointed Michael Scott Culbreth to the Board.","confidence":0.95,"filing_url":"https://secwatch.observer/filing/0000037472-21-000043","anchor_url":"https://secwatch.observer/filing/0000037472-21-000043#claim-56ad3c2446","edgar_index_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747221000043/0000037472-21-000043-index.htm"}]}