BlackRock (NYSE: BLK) discloses 6.8% beneficial stake in Flexsteel Industries (FLXS)
Rhea-AI Filing Summary
BlackRock, Inc. has filed an amended ownership report for Flexsteel Industries Inc. common stock. As of June 30, 2026, BlackRock reports beneficial ownership of 275,720 shares, representing 6.8% of the outstanding common stock. It reports sole voting power over 272,540 shares and sole dispositive power over 275,720 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than five percent of Flexsteel’s outstanding common shares.
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Key Figures
Beneficial ownership: 275,720 shares
Percent of class: 6.8 %
Sole voting power: 272,540 shares
+3 more
6 metrics
Beneficial ownership
275,720 shares
Shares of Flexsteel Industries Inc. common stock beneficially owned by BlackRock as of June 30, 2026
Percent of class
6.8 %
Percentage of Flexsteel Industries Inc. common stock class beneficially owned by BlackRock
Sole voting power
272,540 shares
Number of Flexsteel shares over which BlackRock has sole power to vote or direct the vote
Shared voting power
0
Number of Flexsteel shares over which BlackRock has shared power to vote or direct the vote
Sole dispositive power
275,720 shares
Number of Flexsteel shares over which BlackRock has sole power to dispose or direct the disposition
Shared dispositive power
0
Number of Flexsteel shares over which BlackRock has shared power to dispose or direct the disposition
Key Terms
beneficially owned, Sole Voting Power, dispositive power, parent holding company, +1 more
5 terms
beneficially owned financial
"this reflects the securities beneficially owned, or deemed to be beneficially owned, by certain business units"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"Sole Voting Power 272,540.00 6 | Shared Voting Power 0.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
dispositive power financial
"Sole Dispositive Power 275,720.00 8 | Shared Dispositive Power 0.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
parent holding company financial
"Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company"
Power of Attorney regulatory
"Exhibit 24: Power of Attorney Exhibit 99: Item 7"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What percentage of Flexsteel Industries Inc (FLXS) does BlackRock currently report owning?
BlackRock reports beneficial ownership of 6.8% of Flexsteel Industries Inc’s common stock, representing 275,720 shares as of June 30, 2026. This level of ownership requires disclosure under beneficial ownership reporting rules.
Do any of BlackRock’s clients individually own more than 5% of Flexsteel (FLXS)?
No individual client of BlackRock is reported as having an interest in more than 5% of Flexsteel’s outstanding common shares. Various persons may receive dividends or sale proceeds, but none exceed that threshold.
Who signed the BlackRock ownership report for Flexsteel (FLXS) and when?
The ownership report was signed by Spencer Fleming, a Managing Director at BlackRock, on July 28, 2026. This signature confirms the information reported on behalf of BlackRock’s relevant business units.
What type of Flexsteel (FLXS) securities are reported as owned by BlackRock?
The filing covers common stock of Flexsteel Industries Inc., identified by CUSIP 339382103. BlackRock’s beneficial ownership and related voting and dispositive powers all relate to this class of securities.