Flexsteel repurchases ~24% of shares from Bertsch family for $60.2M; director resigns

FLEXSTEEL INDUSTRIES INC

Repurchased 1,279,870 shares at $47.00 each, a 2.5% discount to April 24 closing price.
Total price ~$60.2M, funded with cash and revolver borrowings; closed April 28, 2026.
Shares represent about 24% of outstanding common stock prior to transaction.
Director F. Brooks Bertsch resigned from board effective April 28, not due to disagreement.
Special committee of independent directors approved; KeyBanc and Faegre Drinker advisors.

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