---
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"
generated_at: "2026-05-15T03:21:59.277982+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000037472-26-000028
- JSON: https://secwatch.observer/filing/0000037472-26-000028.json
- Plain text: https://secwatch.observer/filing/0000037472-26-000028.txt

## Key facts
- Executive change
  F. Brooks Bertsch resigned as Director at FLEXSTEEL INDUSTRIES INC.
  - Action: resigned
  - Role: Director
  source text: F. Brooks Bertsch resigned from the Board pursuant to the terms of the Stock Repurchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/0000037472-26-000028-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: F. Brooks Bertsch and certain family related entities
  - Value: approximately $60.2 million
  - Effective: 2026-04-26
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/37472/000003747226000028/0000037472-26-000028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.