Flexsteel Inds SEC Filings

Schedule 13G/A filed for Flexsteel Industries Inc (FLXS) reports that Steven H. Bertsch and the Steven H. Bertsch Declaration of Trust dated November 6, 2020 beneficially own 410,815 shares of common stock, representing 7.8% of the class. The filing states the reporting persons have sole voting and sole dispositive power over all 410,815 shares and that the holdings were not acquired to change or influence control of the issuer. The filing lists the trustee and trust as the reporting parties and gives a business address c/o counsel in Chicago. The statement is certified by Steven H. Bertsch with signatures dated 10/08/2025.

Flexsteel Industries, Inc. Schedule 13G/A shows that Carolyn T. Bertsch Bleile, both individually and as trustee of the Carolyn T. Bleile Declaration of Trust dated August 8, 2001, reports beneficial ownership of 446,303 shares of common stock, representing 8.5% of the outstanding class. The filing states Ms. Bleile has sole voting and dispositive power over all reported shares and affirms the holdings were not acquired to change or influence control of the company. The report lists the issuer address in Dubuque, Iowa, and the filing is dated 10/07/2025 with signatures dated 10/08/2025.

Flexsteel Industries, Inc. (FLXS) reports that on 10/07/2025 a reporting person who served as trustee caused 208,179 shares of common stock to be transferred, for $0, to beneficiaries after three trusts were dissolved. The Form 4 shows the reporting person disclaimed beneficial ownership while trustee; following the transactions the reported indirect ownership of the listed trust holdings is 0 shares. The filing was signed by an attorney-in-fact on 10/08/2025.

Flexsteel Industries insider Stacy Marie Kammes, the company's Vice President of Human Resources, reported transactions on 08/22/2025. She was granted or received 5,655 shares (code A) at no cash price and sold 2,565 shares (code F) at $43.97 per share, leaving her with 28,346 shares beneficially owned after the reported transactions.

Michael Joseph McClaflin, Chief Information Officer and director of Flexsteel Industries (FLXS), reported share transactions on 08/22/2025. He acquired 8,899 shares with a reported price of $0, bringing his beneficial ownership to 40,479 shares, and disposed of 4,303 shares at $43.97, leaving 36,176 shares beneficially owned after the transactions. The Form 4 was signed by an attorney-in-fact, Jennifer Zeman, on 08/26/2025.

Insider transactions by Flexsteel Industries (FLXS): David E. Crimmins, Vice President – Sales & Product Management and officer of Flexsteel, reported transactions on 08/22/2025. He received 8,144 shares (reported as acquisition at $0) and sold 3,759 shares at $43.97. After these transactions he beneficially owned 32,688 shares. The Form 4 was signed by an attorney-in-fact on 08/26/2025.

Flexsteel Industries (FLXS) insider filing shows transactions by CFO Michael J. Ressler on 08/22/2025. The filing reports an acquisition of 790 shares at no cash cost (Code A) and a separate disposition of 341 shares at $43.97 per share (Code F). After these transactions Mr. Ressler directly beneficially owned 15,418 shares. The Form 4 was signed via attorney-in-fact on 08/26/2025. All entries are reported as direct ownership by the reporting person.

Flexsteel Industries insider activity by President & CEO Derek P. Schmidt

The filing reports that Mr. Schmidt acquired 18,784 shares of Flexsteel common stock on 08/22/2025 at a reported price of $0 (transaction code A), increasing his direct beneficial ownership to 163,625 shares. On the same date he disposed of 8,106 shares at $43.97, leaving 155,519 shares held directly. The form also shows indirect holdings: 1,080.977 shares held in Christine Schmidt IRA, 60,912.6509 shares in a Derek Schmidt 401(k), and 1,096.065 shares in a Derek Schmidt IRA. The form is signed by an attorney-in-fact.

Flexsteel Industries operates a single reportable segment selling residential furniture across the U.S. The company tested and documented controls over inventory valuation and lease right-of-use assets. Management recorded a $14.1 million pre-tax non-cash impairment on the Mexicali, Mexico manufacturing facility lease right-of-use asset and completed several property disposals, recording pre-tax gains of $0.7 million and $3.7 million on ancillary building sales. The company holds 3,207,158 treasury shares at a cost of $71.7 million and has $30 million remaining under its December 2024 repurchase authorization. Customer deposits were $0.25 million at June 30, 2025 versus $0.14 million a year earlier. The credit agreement provides an $85 million revolving line (plus up to $5 million in letters of credit), contains customary covenants including a fixed coverage ratio >=1.00, and management reported covenant compliance as of June 30, 2025.