8-KThe WireStrategic
Material Agreement
Filed Jan 3, 2020 · 6y ago · Accession 0000037472-20-000002
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗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) : December 31 , 2019
FLEXSTEEL INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Minnesota
(State or other jurisdiction of incorporation)
0-5151
(Commission File Number)
42-0442319
(IRS Employer Identification No.)
385 Bell Street, Dubuque, Iowa 52001-0877
(Address of principal executive offices, including zip code)
563-556-7730
(Registrant’s telephone number, including area code)
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 (see General Instruction A.2. below):
[ ] 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))
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. ⃞
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, $1.00 Par Value
FLXS
The NASDAQ Stock Market LLC
Item 1 .0 1 . Entry into a Material Definitive Agreement .
On December 31, 2019, Flexsteel Industries, Inc. (the “Company”) renewed its $10 million unsecured revolving line of credit with MidWestOne Bank . The revolving line of credit is short-term and matures on June 30, 2020. Any amounts outstanding will bear interest of 2.0% below the Wall Street Journal U.S. Prime Rate, subject to a floor of 3.75%. The revolving line of credit will be used for the Company’s working capital needs. As of December 31, 2019, there were no outstanding amounts under this revolving line of credit.
The promissory note related to this line of credit is attached to this Current Report on Form 8-K as exhibit 10.1.
Item 9.01 . Financial Statements and Exhibits .
(d) Exhibits
Exhibit No.
Description
10.1
Promissory Note dated December 31, 2019 between Flexsteel Industries, Inc. and MidWestOne Bank.
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.
(Registrant)
Date: December 31 , 2019
By:
/s / Marcus D. Hamilton
Marcus D. Hamilton
Chief Financial Officer
Principal Financial and Accounting Officer
Filing details
- Company
- FLEXSTEEL INDUSTRIES INC
- Ticker
- FLXS
- CIK
- 37472
- Form type
- 8-K
- Filing date
- Jan 3, 2020
- Report date
- Dec 31, 2019
- Document
- flxs-20191231x8k.htm
- Size
- 202 KB