10 unchanged sentences
Rule 10b5-1 Trading Plans
−Removed: On May 10, 2024 , Mr.
−Removed: Derek Schmidt , an officer of the Company, terminated a previously established dividend reinvestment election on certain Company shares held inside employee retirement plans.
−Removed: Other than as described above, for the quarter ended June 30, 2024, none of our directors or officers adopted , modified or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" as each term is defined in Item 408(a) of Regulation S-K.
+Added: During the quarter ended June 30, 2025 , no director or officer of the Company adopted , modified or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" as each term is defined in Item 408(a) of Regulation S-K.
+Added: Benefit Plan Amendments
+Added: Effective August 19, 2025, the Company amended its “Cash Incentive Plan,” “Cash Incentive Notification of Award,” and “Severance Plan for Management Employees” to align plan terms with current peer and market practices and improve administrative consistency.
+Added: Revisions include the removal of outdated tax code references and the alignment of key definitions such as “retirement,” “change in control,” “termination for cause”, “disability”, and “good reason” across benefit plans.
+Added: Amendments to the “Severance Plan for Management Employees” also include an increase to the change of control protection period to 24 months after termination and an increase to the chief executive officer severance benefits to twice the severance benefits of other eligible employees.
+Added: The amended “Cash Incentive Plan,” “Cash Incentive Notification of Award,” and “Severance Plan for Management Employees” have been attached to this Form 10-K as Exhibits 10.1, 10.2 and 10.11, respectively.
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.
41 unchanged sentences
August 22, 2025
−Removed: /S/ Jerald K.
+Added: Brooks Bertsch
+Added: Brooks Bertsch
August 22, 2025
6 unchanged sentences
Janne McGovern
+Added: August 22, 2025
+Added: /s/ Terence P.
Exhibit Index
3 unchanged sentences
4.1 to the Annual Report on Form 10-K for the fiscal year ended June 30, 2019).
−Removed: 2009 Stock Option Plan (incorporated by reference to Appendix A from the 2009 Flexsteel definitive proxy statement).
−Removed: Cash Incentive Compensation Plan, dated July 1, 2013 (incorporated by reference to Appendix A to the Definitive Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on October 28, 2013).
−Removed: Form of Notification of Award for the Cash Incentive Compensation Plan (incorporated by reference to Form 10-K filed with the Securities and Exchange Commission on September 8, 2021).
+Added: Amended Cash Incentive Compensation Plan, dated August 19, 2025. *
+Added: Form of Notification of Award for the Cash Incentive Compensation Plan. *
Form of Notification of Award for the Long-Term Incentive Compensation Plan (incorporated by reference to Form 10-K filed with the Securities and Exchange Commission on September 8, 2021).
6 unchanged sentences
Form of Notification of Restricted Stock Award under the Omnibus Stock Plan (incorporated by reference to Form 10-K filed with the Securities and Exchange Commission on September 8, 2021).
−Removed: Severance Plan for Management Employees dated October 25, 2018, including Form of Participation Agreement (incorporated by reference to Form 8-K filed with the Securities and Exchange Commission on November 2, 2018).
−Removed: First Amendment to the Flexsteel Industries, Inc.
−Removed: Severance Plan for Management Employees, dated April 15, 2020 (incorporated by reference to Form 10-Q filed with the Securities and Exchange Commission on May 1, 2020).
−Removed: Form of Confidentiality and Noncompetition Agreement between the Company and Jerald K.
−Removed: Dittmer (incorporated by reference to Form 8-K filed with the Securities and Exchange Commission on December 20, 2018).
−Removed: Executive Employment Agreement, dated December 28, 2018 with Jerald K.
−Removed: Dittmer (incorporated by reference to Form 10-Q filed with the Securities and Exchange Commission on February 6, 2019).
−Removed: Notification of Non-Statutory Stock Option Award, dated December 28, 2018 for Jerald K.
−Removed: Dittmer (incorporated by reference to Form 10-Q filed with the Securities and Exchange Commission on February 6, 2019).
−Removed: Notification of Restricted Stock Award, dated December 28, 2018 for Jerald K.
−Removed: Dittmer (incorporated by reference to Form 10-Q filed with the Securities and Exchange Commission on February 6, 2019).
−Removed: First Amendment Executive Employment Agreement between the Company and Jerald K.
−Removed: Dittmer dated August 30, 2019 (incorporated by reference to Form 8-K filed with the Securities and Exchange Commission on September 5, 2019).
−Removed: Transition and Retirement Agreement and Release with Mr.
−Removed: Dittmer dated April 25, 2024 (incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on April 29, 2024.*
+Added: Amended Severance Plan for Management Employees dated August 19, 2025, including Form of Participation Agreement. *
Letter Agreement dated March 10, 2020, by and between Flexsteel Industries, Inc.
2 unchanged sentences
Schmidt dated April 25, 2024 (incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on April 29, 2024).*
−Removed: Credit Agreement dated August 28, 2020, between Flexsteel Industries, Inc.
−Removed: and Dubuque Bank and Trust Company (incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on September 1, 2020).
−Removed: Revolving Line of Credit Note dated August 28, 2020, between Flexsteel Industries, Inc.
−Removed: and Dubuque Bank and Trust Company (incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on September 1, 2020).
−Removed: Security Agreement dated August 28, 2020, between Flexsteel Industries, Inc.
−Removed: and Dubuque Bank and Trust Company (incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on September 1, 2020).
Credit Agreement between Flexsteel Industries, Inc.
4 unchanged sentences
and Wells Fargo Bank, National Association, dated May 24, 2023 (incorporated by reference to Form 10-K filed with the Securities and Exchange Commission on August 25, 2023).
+Added: Third Amendment to the Credit Agreement between Flexsteel Industries, Inc.
+Added: and Wells Fargo Bank, National Association, dated June 3, 2025 (incorporated by reference to Form 8-K filed with the Securities and Exchange Commission on June 3, 2025).
Letter Agreement dated January 10, 2024 by and between Flexsteel Industries, Inc.
4 unchanged sentences
Form of Restricted Stock Unit Agreement under the 2022 Equity Incentive Plan (incorporated by reference to Form 10-K filed with the Securities and Exchange Commission on August 25, 2023).
−Removed: Board Observer Agreement between the Company and F.
−Removed: Brooks Bertsch dated April 17, 2024 (incorporated by reference to the Form 8-K filed with the Securities and Exchange Commission on April 18, 2024).
+Added: Flexsteel Industries, Inc.
+Added: Insider Trading Policy.
Subsidiaries of the Company.
4 unchanged sentences
Section 1350 as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
−Removed: Incentive Compensation Clawback Policy adopted October 6, 2023.
+Added: Incentive Compensation Clawback Policy adopted October 6, 2023 (incorporated by reference to Form 10-K filed with the Securities and Exchange Commission on August 30, 2024).
Management contracts, compensatory plans and arrangements required to be filed as an exhibit to this report.
1 unchanged sentence
XBRL Instance Document**
−Removed: XBRL Taxonomy Extension Schema Document
−Removed: XBRL Taxonomy Extension Calculation Linkbase Document
−Removed: XBRL Taxonomy Extension Labels Linkbase Document
−Removed: XBRL Taxonomy Extension Definition Linkbase Document
−Removed: XBRL Taxonomy Extension Presentation Linkbase Document
+Added: Inline XBRL Taxonomy Extension Schema With Embedded Linkbase Documents
104.Cover Page
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.