{"schema_version":"secwatch.filing_event.v1","accession":"0000037472-26-000028","form_type":"8-K","ticker":"FLXS","cik":"0000037472","company_name":"FLEXSTEEL INDUSTRIES INC","filed_at":"2026-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.586013+00:00","generated_at":"2026-05-15T03:21:59.277982+00:00","sec_items":["1.01","5.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Flexsteel repurchases ~24% of shares from Bertsch family for $60.2M; director resigns","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000037472-26-000028","json":"https://secwatch.observer/filing/0000037472-26-000028.json","markdown":"https://secwatch.observer/filing/0000037472-26-000028.md","text":"https://secwatch.observer/filing/0000037472-26-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/0000037472-26-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/flxs-20260426.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T03:21:59.277982+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b5308a5628","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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/0000037472-26-000028-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"805cf0f52274b0df51dcef3813863eaf389fc3a6","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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/0000037472-26-000028-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"F. Brooks Bertsch and certain family related entities"},{"label":"Value","value":"approximately $60.2 million"},{"label":"Effective","value":"2026-04-26"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}