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Flexsteel Industries Inc disclosed that one of its directors received an award of 589 shares of common stock on 12/11/2025 as part of quarterly non-executive director compensation.
Following this stock grant, the director beneficially owns 10,873 shares of Flexsteel common stock, held directly.
Flexsteel Industries Inc. reported an insider stock award to one of its directors. On 12/11/2025, the director acquired 589 shares of Flexsteel common stock at a stated price of $0 per share, reflecting a share grant rather than a market purchase. After this transaction, the director beneficially owned a total of 13,145.023 shares of common stock in direct ownership.
According to the footnote, these shares were awarded as part of the company’s quarterly compensation for non-executive directors, indicating routine equity-based board compensation rather than an open-market trade.
Flexsteel Industries reported that one of its directors received 589 shares of common stock on 12/11/2025 as part of quarterly non-executive director compensation. The shares were awarded at no cash cost to the director and are held directly.
After this grant, the director beneficially owns 24,783.7805 Flexsteel common shares, which also include previously unreported shares acquired through a dividend reinvestment program.
Flexsteel Industries Inc director reported receiving 589 shares of common stock on 12/11/2025 as part of quarterly non-executive director compensation. After this stock award at a stated price of $0 per share, the director directly owns 31,445 Flexsteel shares.
Flexsteel Industries director Thomas M. Levine reported receiving 589 shares of common stock as part of his quarterly non-executive director compensation on December 11, 2025.
The shares were awarded at a price of $0, increasing his directly held position to 589 shares. He also reports indirect ownership of 30,936 shares through the 2013 Revocable Trust of Thomas M. Levine and 3,000 shares through a Thomas M. Levine SEP IRA.
Flexsteel Industries, Inc. (FLXS) set its virtual annual meeting for December 10, 2025 at 10:00 a.m. CT. Shareholders of record as of October 13, 2025 may attend and vote.
The Board seeks approval to elect two Class III directors—William S. Creekmuir and M. Scott Culbreth—and to pass two advisory items: a say‑on‑pay vote and the frequency of future say‑on‑pay (Board recommends one year). The Company also requests approval to amend its 2022 Equity Incentive Plan to increase the share reserve by 150,000 shares, bringing the total authorized for future grants to 234,149 shares. Based on the $43.11 closing price on October 13, 2025, the additional 150,000 shares represent an aggregate market value of about $6.5 million.
There were 5,340,446 shares outstanding on the record date. Following Thomas M. Levine’s resignation effective at the December 10, 2025 Board meeting, the Board will be reduced from eight to seven members, and Jeanne McGovern will assume the role of Chair of the Board.
Flexsteel Industries (FLXS) reported stronger quarterly results. Net sales were $110.4 million, up 6.2% year over year, while gross margin improved to 23.5% from 21.5%. Operating income rose to $9.0 million from $6.0 million, and net income increased to $7.3 million, or $1.31 per diluted share, compared with $0.74 a year ago.
Backlog reached $67 million, up 9.8%. Cash and cash equivalents were $38.6 million, and the company had no borrowings on its revolving credit facility. The credit agreement’s maximum revolver was reduced to $55 million in June to align with projected needs. Flexsteel paid a $0.20 per-share dividend and repurchased 31,026 shares for $1.13 million during the quarter. Shares outstanding were 5,340,446 as of October 22, 2025.
Flexsteel Industries (FLXS) reported results for the first quarter ended September 30, 2025 via an 8-K. The company attached a press release as Exhibit 99.1 detailing operating results.
Flexsteel will host a conference call and webcast on October 21, 2025 at 8:00 a.m. Central Time (9:00 a.m. ET) to discuss the results and take questions. Dial 833-816-1123 (domestic) or 412-317-0710 (international), or listen via the Investor Relations site. A replay is available through October 28, 2025 at 877-344-7529 or 412-317-0088, access code 5986682.
Flexsteel Industries, Inc. reported that director Thomas M. Levine has notified the Board of his intention to resign from the Board of Directors. His resignation will be effective at the conclusion of the Board meeting scheduled for December 10, 2025.
The company states that Mr. Levine is stepping down to focus on family and other interests, and that he has confirmed his decision is not due to any disagreement with the company’s operations, policies, or practices. Flexsteel issued a press release on October 9, 2025 announcing his planned departure, which is included as an exhibit to this report.