Flexsteel adds Anand Kangala to board, $75K pay

Flexsteel Industries, Inc. (FLXS) announced that its Board of Directors appointed Dr. Anand S. Kangala as an independent Class I director effective September 10, 2026; this class will stand for re-election at the 2027 annual meeting of shareholders.

Rhea-AI Filing Summary

Flexsteel Industries, Inc. (FLXS) announced that its Board of Directors appointed Dr. Anand S. Kangala as an independent Class I director effective September 10, 2026; this class will stand for re-election at the 2027 annual meeting of shareholders. He was also appointed to the Board’s Audit and Ethics Committee.

Dr. Kangala will participate in Flexsteel’s non-executive director compensation program, receiving an annual cash retainer of $75,000 for Board service, a quarterly stock grant valued at $26,250 with no additional vesting requirements, and an additional annual $7,500 retainer for Audit and Ethics Committee service. Flexsteel states there have been no related-party transactions involving Dr. Kangala above $120,000 since the beginning of the last fiscal year and no arrangements or understandings with any other person pursuant to which he was appointed.

On September 11, 2026, Flexsteel issued a press release announcing his appointment and highlighting his experience in digital transformation, enterprise technology, data, and AI across consumer-facing businesses, including his current role as Chief Digital and Technology Officer at Trex Company, Inc.

8-K Event Classification

3 items: 5.02, 7.01, 9.01

3 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Effective date of appointment: September 10, 2026 Annual Board retainer: $75,000 Quarterly stock grant value: $26,250 +4 more

7 metrics

Effective date of appointment September 10, 2026 Date Dr. Anand S. Kangala joined the Flexsteel Board as an independent director

Annual Board retainer $75,000 Cash retainer for Dr. Kangala’s service as a Flexsteel Board member

Quarterly stock grant value $26,250 Value of each quarterly stock grant to Dr. Kangala with no additional vesting requirements

Annual Audit and Ethics Committee retainer $7,500 Additional annual retainer for Dr. Kangala’s service on the Audit and Ethics Committee

Related-party transaction threshold $120,000 Threshold used in the statement that there were no such transactions involving Dr. Kangala under Item 404(a) of Regulation S-K

Press release date September 11, 2026 Date Flexsteel announced Dr. Kangala’s appointment in a press release furnished as Exhibit 99.1

Re-election year for Class I directors 2027 Year when the Class I director class, including Dr. Kangala, will stand for re-election at the annual meeting

Key Terms

independent director, Audit and Ethics Committee, Regulation FD, Item 404(a) of Regulation S-K, +1 more

5 terms

independent director regulatory

"announced the appointment of Dr. Anand Kangala as an independent director"

An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.

Audit and Ethics Committee regulatory

"Dr. Kangala will also serve on the Board’s Audit & Ethics Committee"

Regulation FD regulatory

"Item 7.01 Regulation FD Disclosure"

Regulation FD is a rule that prevents company insiders, like executives, from sharing important information with some people before others get it. It matters because it helps ensure all investors have equal access to key news, making the stock market fairer and reducing chances of insider trading.

Item 404(a) of Regulation S-K regulatory

"within the meaning of Item 404(a) of Regulation S-K"

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What board change did Flexsteel Industries (FLXS) announce in this 8-K?

Flexsteel appointed Dr. Anand S. Kangala as an independent Class I director effective September 10, 2026. He will also serve on the Board’s Audit and Ethics Committee, and his director class is scheduled to stand for re-election at the 2027 annual meeting.

How will Dr. Anand Kangala be compensated as a Flexsteel (FLXS) director?

Dr. Kangala will receive an annual Board retainer of $75,000, a $26,250 quarterly stock grant with no additional vesting requirements, and an additional annual $7,500 retainer for serving on the Audit and Ethics Committee under Flexsteel’s non-executive director compensation program.

Does Flexsteel (FLXS) report any related-party transactions with Dr. Anand Kangala?

Flexsteel states there have been no transactions exceeding $120,000 since the beginning of the last fiscal year in which Dr. Kangala had a direct or indirect material interest, and no such proposed transactions, consistent with Item 404(a) of Regulation S-K.

When did Flexsteel (FLXS) publicly announce Dr. Kangala’s appointment?

Flexsteel issued a press release on September 11, 2026 announcing Dr. Kangala’s appointment as an independent director and Audit & Ethics Committee member. That press release is furnished as Exhibit 99.1 and is incorporated by reference into the report.

What relevant experience does Dr. Anand Kangala bring to Flexsteel (FLXS)?

Dr. Kangala is Chief Digital and Technology Officer of Trex Company, Inc. and has led enterprise digital, technology, data, and AI transformations. He has also held senior roles at The Home Depot, Edward Jones, Carter’s, Cato Corporation, and Lowe’s Companies, focusing on consumer-facing and technology-enabled businesses.

Is Dr. Kangala’s appointment to the Flexsteel (FLXS) Board based on any prior arrangement?

Flexsteel states that no arrangement or understanding exists between Dr. Kangala and any other person pursuant to which he was appointed as a director, indicating the appointment was made by the Board without such an agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/11/2026 - 05:05 PM Accepted by SEC EDGAR 09/11/2026 - 05:04 PM Learn about SEC filing dates

false000003747200000374722026-09-112026-09-11

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 11, 2026

Flexsteel Industries Inc

(Exact name of Registrant as Specified in Its Charter)

Minnesota			0-5151	42-0442319
(State or Other Jurisdiction of Incorporation)			(Commission File Number)	(IRS Employer Identification No.)
385 Bell Street
Dubuque, Iowa				52001-7004
(Address of Principal Executive Offices)				(Zip Code)

Registrant’s Telephone Number, Including Area Code: (563) 556-7730

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		FLXS		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 10, 2026, the Board of Directors (the “Board”) of Flexsteel Industries, Inc. (the “Company”) appointed Anand S. Kangala to the Board. Mr. Kangala will serve as a Class I director, which class will stand for re-election at the 2027 annual meeting of the shareholders. Mr. Kangala was appointed as a member of the Board’s Audit and Ethics Committee.

Mr. Kangala will participate in the Company’s non-executive director compensation program. Pursuant to this program, Mr. Kangala will receive: (i) an annual retainer of $75,000 for service as a Board member, and (ii) a quarterly stock grant with a value of $26,250, rounded to the nearest share, with no additional vesting requirements. Mr. Kangala will also receive an annual retainer of $7,500 for service as a member of the Audit and Ethics Committee.

Since the beginning of the Company’s last fiscal year through the present, there have been no transactions with the Company, and there are currently no proposed transactions with the Company, in which the amount involved exceeds $120,000 and in which Mr. Kangala had or will have a direct or indirect material interest within the meaning of Item 404(a) of Regulation S-K. No arrangement or understanding exists between Mr. Kangala and any other person pursuant to which he was appointed as a director of the Company.

Item 7.01 Regulation FD Disclosure.

On September 11, 2026, the Company issued a press release announcing the appointment of Mr. Kangala to the Board of the Company. A copy of the press release is furnished as Exhibit 99.1 and is incorporated herein by reference.

The information in this Item 7.01, including Exhibit 99.1 attached hereto, is intended to be furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit Description
99.1 Press Release by Flexsteel Industries, Inc. dated September 11, 2026.
104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			FLEXSTEEL INDUSTRIES, INC.
Date:	October 9, 2025	By:	/s/ Michael J. Ressler
			Michael J. Ressler Chief Financial Officer

Flexsteel Industries, Inc. Announces Change to Board of Directors

DUBUQUE, Iowa – September 11, 2026 – Flexsteel Industries, Inc. (NASDAQ:FLXS) (“Flexsteel” or the “Company”), one of the largest manufacturers, importers, and marketers of residential furniture products in the United States, today announced the appointment of Dr. Anand Kangala as an independent director of the Company effective September 10, 2026. Dr. Kangala will also serve on the Board’s Audit & Ethics Committee.

"We are pleased to welcome Anand to the Flexsteel Board," said Jeanne McGovern, Chair of the Board. "Anand brings deep experience leading digital transformation, enterprise technology modernization and AI-enabled business improvement in consumer-facing businesses. His background is highly relevant to Flexsteel's strategic priorities, including strengthening our consumer focus, improving execution, using data and technology more effectively, and generating profitable growth."

"Anand has demonstrated the ability to connect technology strategy with measurable operating and financial outcomes," said Derek Schmidt, President and CEO of Flexsteel. "That perspective will be valuable as we continue to build stronger digital capabilities, improve how we serve customers and consumers, and make disciplined investments that support long-term shareholder value. His experience also adds important Board oversight perspective in areas such as enterprise systems, data, AI and technology-enabled risk management."

Professional Background of Anand Kangala

Dr. Anand Kangala is Chief Digital and Technology Officer of Trex Company, Inc., the world’s largest manufacturer of high-performance, eco-friendly wood-alternative decking and railing products. Since joining Trex in 2024, he has led the company’s enterprise transformation, advancing its digital, technology, and AI capabilities to improve customer and consumer experiences and support growth, innovation, and operational excellence.

At Trex, Dr. Kangala has helped shape the company’s strategy for digitally connecting consumers, trade professionals, and channel partners across the end-to-end journey, from inspiration and design through quoting, purchasing, and fulfillment. He leads the advancement of digital, data, AI, and enterprise capabilities supporting growth, innovation, productivity, and operational excellence, including AI-enabled consumer experiences, intelligent sales and decision support, and modernization of the company’s core technology platforms

Prior to Trex, Dr. Kangala held senior digital transformation and technology leadership roles at The Home Depot, Edward Jones, Carter’s, Cato Corporation and Lowe’s Companies. At The Home Depot, he helped define and lead key elements of the company’s enterprise transformation strategy, advancing digital, technology, data, and omnichannel capabilities at significant scale. His experience across manufacturing, retail and financial services provides Flexsteel’s Board with added perspective on growth strategy, consumer engagement, enterprise modernization, technology investment discipline and governance of emerging technology risks.

385 Bell Street T 563.556.7730 flexsteel.com

Dubuque, IA 52001

About Flexsteel

Flexsteel Industries, Inc. and Subsidiaries (the “Company,” “Flexsteel,” or “Our”) is one of the largest residential furniture manufacturers, importers, and marketers in the U.S. Flexsteel addresses different consumer groups through our core brand, Flexsteel, and several category-specific sub-brands: Zecliner, Statements, Zen, Perfect Match, and Pulse, all of which have unique value propositions tailored to specific consumer needs. We offer a wide assortment of product solutions for different areas within the home including stationary and motion sofas, loveseats, chairs, and sectionals, as well as bedroom furniture, dining tables and chairs, occasional and entertainment tables, and kitchen storage. For more than 130 years, Flexsteel has strived to create strong consumer value with unmatched quality, comfort, and durability, backed by innovation and highlighted by its patented Blue Steel Spring technology, designed to deliver lasting comfort and support. Today, Flexsteel products are available nationwide through retail partners and online channels.

INVESTOR CONTACT:

Mike Ressler, Flexsteel Industries, Inc.

563-585-8116

investors@flexsteel.com

385 Bell Street T 563.556.7730 flexsteel.com

Dubuque, IA 52001

Filing Exhibits & Attachments

2 documents

Press Releases

• EX-99.1 EX-99.1 16.4 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA WITH EMBEDDED LINKBASES DOCUMENT 23.3 KB