Flexsteel modifies LTIP awards to annual performance vesting over three-year period ending June 2025

FLEXSTEEL INDUSTRIES INC

Compensation Committee approved LTIP awards for three-year performance period ending June 30, 2025.
One-third of award vests each year based on meeting annual performance objectives.
Cumulative payout after June 30, 2025, conditioned on continued employment through that date.
No specific performance targets or award amounts disclosed in the filing.
Plan aims to address current economic conditions and promote long-term shareholder value.

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