FLXS · Flexsteel Industries Inc · Executive Compensation

$75.96 +8.57 (+12.72%) Q1 2027 earnings call transcript

Russell 2000 member Rebalance outlook locked

Market Cap

$275.74M

4.09M

Volume · Oct 28 81.87K Avg daily vol (3M) 79.12K

Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.

Fiscal 2025

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Derek P. Schmidt	President and Chief Executive Officer	$570,000	—	$902,990	—	$908,010	$78,195	$2,459,195
David E. Crimmins	Chief Growth Officer	$352,000	—	$246,378	—	$373,824	$54,137	$1,026,339
Michael J. Ressler	Chief Financial Officer	$325,000	—	$252,461	—	$287,625	$25,275	$890,661

Fiscal 2024

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jerald Dittmer	President and Chief Executive Officer	$735,000	—	$992,227	—	$1,234,800	$52,998	$3,015,025
Jerald K. Dittmer	President and Chief Executive Officer	$735,000	—	$992,227	—	$1,234,800	$52,998	$3,015,025
David E. Crimmins	Vice President of Sales and Product Management	$335,000	—	$234,484	—	$281,400	$30,463	$881,347

Fiscal 2023

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jerald K. Dittmer	President and Chief Executive Officer	$735,000	—	$1,392,227	—	$890,820	$43,990	$3,062,037
Jerald Dittmer	President and Chief Executive Officer	$735,000	—	$1,392,227	—	$890,820	$43,990	$3,062,037
Derek P. Schmidt	Current President and Chief Executive Officer and Former Chief Financial Officer and Chief Operating Officer	$470,000	—	$446,465	—	$493,500	$50,680	$1,460,645
Derek Schmidt	CEO	$470,000	—	$446,465	—	$493,500	$50,680	$1,460,645

Fiscal 2022

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jerald Dittmer	President and Chief Executive Officer	$735,000	—	$918,723	—	$291,060	$41,279	$1,986,061
Jerald K. Dittmer	President and Chief Executive Officer	$735,000	—	$918,723	—	$291,060	$41,279	$1,986,061
Derek Schmidt	CFO	$437,000	—	$371,450	—	$108,158	$26,476	$943,084
Derek P. Schmidt	Chief Financial Officer and Chief Operating Officer	$437,000	—	$371,450	—	$108,158	$26,476	$943,084
David E. Crimmins	Vice President Sales	$280,000	—	$292,953	—	$55,440	$16,788	$645,181

Fiscal 2021

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jerald Dittmer	President and Chief Executive Officer	$656,250	—	$875,001	$60,000	$1,141,491	$40,439	$2,773,181
Jerald K. Dittmer	President and Chief Executive Officer	$656,250	—	$875,001	$60,000	$1,141,491	$40,439	$2,773,181
Derek Schmidt	CFO	$393,750	—	$272,999	$35,000	$456,200	$189,227	$1,347,176
Derek P. Schmidt	Chief Financial Officer and Chief Operating Officer	$393,750	—	$272,999	$35,000	$456,200	$189,227	$1,347,176
Timothy P. Newlin	Vice President Product Management	$300,000	—	$180,006	—	$253,215	$24,986	$758,207

Fiscal 2020

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jerald Dittmer	President and Chief Executive Officer	$663,542	—	$874,993	—	—	$51,679	$1,590,214
Jerald K. Dittmer	President and Chief Executive Officer	$663,542	—	$874,993	—	—	$51,679	$1,590,214
Marcus D. Hamilton	Chief Financial Officer (terminated 3/20/2020)	$261,923	$108,000	$715,985	—	—	$359,524	$1,445,432
Timothy P. Newlin	Vice President Product Management	$272,112	$84,000	$667,989	—	—	$34,016	$1,058,117
Derek P. Schmidt	Chief Financial Officer and Chief Operating Officer	$82,923	$151,920	$537,441	$122,000	—	$17,654	$911,938
Derek Schmidt	CFO	$82,923	$151,920	$537,441	$122,000	—	$17,654	$911,938

Fiscal 2019

Executive	Role	Salary	Bonus	Stock Awards	Option Awards	Incentive	Other	Total
Jerald K. Dittmer	President and Chief Executive Officer	$350,000	$408,478	$728,765	$410,550	—	$327,479	$2,225,272
Jerald Dittmer	President and Chief Executive Officer	$350,000	$408,478	$728,765	$410,550	—	$327,479	$2,225,272
Marcus D. Hamilton	Chief Financial Officer (terminated 3/20/2020)	$350,000	—	$662,911	—	—	$38,394	$1,051,305
Timothy P. Newlin	Vice President Marketing and Product Management	$230,000	—	$313,287	$46,685	—	$18,789	$608,761

Executive changes

Person	Role	Change	Effective	Filed
Anand S. Kangala	Class I director	Appointed	2026-09-10	2026-09-11
F. Brooks Bertsch	Director	Resigned	2026-04-28	2026-04-28
Jeanne McGovern	Chair of the Board	Appointed	—	2025-10-09
Thomas M. Levine	Board of Directors	Resigned	2025-12-10	2025-10-09
Terence P. Calloway	Class I director	Appointed	2025-05-21	2025-05-21
Jerald K. Dittmer	Board of Directors	Retired	2024-12-31	2024-04-29
Jerald K. Dittmer	Chief Executive Officer	Resigned	2024-06-30	2024-04-29
Derek P. Schmidt	Chief Executive Officer	Appointed	2024-07-01	2024-04-29
Jerald K. Dittmer	President	Resigned	2024-01-10	2024-01-11
Derek P. Schmidt	Board of Directors	Appointed	2024-01-10	2024-01-11
Derek P. Schmidt	President	Appointed	2024-01-10	2024-01-11
Derek P. Schmidt	interim Chief Financial Officer, Principal Financial and Accounting Officer, Treasurer and Secretary	Resigned	2024-01-10	2024-01-11
Michael J. Ressler	Chief Financial Officer, Treasurer & Secretary	Appointed	2024-01-10	2024-01-11
Matt Kaness	Board of Directors	Resigned	2024-01-09	2024-01-11
Mary C. Bottie	Board of Directors	Resigned	2023-12-13	2023-10-10
Derek P. Schmidt	Chief Financial Officer and Principal Financial and Accounting Officer	Appointed	2023-05-30	2023-06-01
G. Alejandro Huerta	Chief Financial Officer and Principal Financial and Accounting Officer	Resigned	2023-05-26	2023-06-01
Jerald K. Dittmer	Class III director	Appointed	2022-12-14	2022-12-16
M. Scott Culbreth	Class III director	Appointed	2022-12-14	2022-12-16
William S. Creekmuir	Class III director	Appointed	2022-12-14	2022-12-16
Jeanne McGovern	Board	Appointed	2022-09-30	2022-10-04
Eric S. Rangen	Board	Resigned	2022-12-14	2022-10-04

Leadership

Derek P. Schmidt CEO, CFO, COO, Chief Accounting Officer, Board Member
Derek Schmidt CEO, CFO, COO
Jeanne McGovern Chairman, Board Member
Michael J. Ressler CFO
Anand S. Kangala Board Member
Jerald Dittmer Board Member
Jerald K. Dittmer Board Member
Kathryn P. Dickson Board Member
M. Scott Culbreth Board Member
Michael Scott Culbreth Board Member
Terence P. Calloway Board Member
William S. Creekmuir Board Member

Key facts CIK 37472 CUSIP 339382103 13F (30d) 30 filings 30 filers Visit website Investor relations