8-KThe WireStrategic
Material Agreement
Filed Jun 5, 2025 · 1y ago · Accession 0000950170-25-082301
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): June 03, 2025
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 1.01 Entry into a Material Definitive Agreement.
On June 3, 2025, Flexsteel Industries, Inc. (the “Company”) entered into a third amendment to its Credit Agreement ("Third Amendment to the Credit Agreement") with Wells Fargo Bank, NA. The amendment reduces the maximum revolving line of credit amount to $55 million and modifies certain definitions in the Credit Agreement which include dollar figures derived from the maximum revolver amount. The reduction in the maximum revolving line of credit amount was initiated by the Company to better align with current and projected borrowing availability under the terms of the Credit Agreement. As of June 3, 2025, there were no outstanding amounts under this revolving line of credit.
The Third Amendment to the Credit Agreement is attached to this Current Report on Form 8-K as exhibit 10.1.
Item 9.01 Financial Statements and Exhibits.
Exhibit No.
Description
10.1
Third Amendment to the Credit Agreement dated June 3, 2025 between Flexsteel Industries, Inc. and Wells Fargo Bank, NA.
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:
June 5, 2025
By:
/s/ Michael J. Ressler
Michael J. Ressler
Chief Financial Officer
Filing details
- Company
- FLEXSTEEL INDUSTRIES INC
- Ticker
- FLXS
- CIK
- 37472
- Form type
- 8-K
- Filing date
- Jun 5, 2025
- Report date
- Jun 3, 2025
- Document
- flxs-20250603.htm
- Size
- 201 KB