Flexsteel Industries' CEO is Derek Schmidt, appointed in Jan 2024, has a tenure of 2.58 years. total yearly compensation is $2.46M, comprised of 23.2% salary and 76.8% bonuses, including company stock and options. directly owns 5.52% of the company’s shares, worth €15.73M. The average tenure of the management team and the board of directors is 2.6 years and 4.3 years respectively.
Key information
Derek Schmidt
Chief executive officer
US$2.5m
Total compensation
CEO salary percentage
23.18%
CEO tenure
2.6yrs
CEO ownership
5.5%
Management average tenure
2.6yrs
Board average tenure
4.3yrs
Recent management updates
Recent updates
CEO Compensation Analysis
How has Derek Schmidt's remuneration changed compared to Flexsteel Industries's earnings?
Date
Total Compensation
Salary
Company Earnings
Jun 30 2026
n/a
n/a
US$33m
Mar 31 2026
n/a
n/a
US$31m
Dec 31 2025
n/a
n/a
US$21m
Sep 30 2025
n/a
n/a
US$23m
Jun 30 2025
US$2m
US$570k
US$20m
Mar 31 2025
n/a
n/a
US$14m
Dec 31 2024
n/a
n/a
US$20m
Sep 30 2024
n/a
n/a
US$14m
Jun 30 2024
US$1m
US$470k
US$11m
Mar 31 2024
n/a
n/a
US$16m
Dec 31 2023
n/a
n/a
US$15m
Sep 30 2023
n/a
n/a
US$15m
Jun 30 2023
US$1m
US$446k
US$15m
Mar 31 2023
n/a
n/a
US$4m
Dec 31 2022
n/a
n/a
US$8m
Sep 30 2022
n/a
n/a
-US$2m
Jun 30 2022
US$943k
US$437k
US$2m
Mar 31 2022
n/a
n/a
US$8m
Dec 31 2021
n/a
n/a
US$8m
Sep 30 2021
n/a
n/a
US$24m
Jun 30 2021
US$1m
US$394k
US$23m
Mar 31 2021
n/a
n/a
-US$9m
Dec 31 2020
n/a
n/a
-US$19m
Sep 30 2020
n/a
n/a
-US$33m
Jun 30 2020
US$912k
US$83k
-US$27m
Compensation vs Market: Derek's total compensation ($USD2.46M) is above average for companies of similar size in the German market ($USD1.05M).
Compensation vs Earnings: Derek's compensation has increased by more than 20% in the past year.
CEO
Derek Schmidt (53 yo)
2.6yrs
Tenure
US$2,459,195
Compensation
Mr. Derek Paul Schmidt serves as President and Director of Flexsteel Industries, Inc. since January 10, 2024 and serves as its Chief Executive Officer since July 01, 2024. He served as Chief Financial Offi...
Leadership Team
Name
Position
Tenure
Compensation
Ownership
Derek Schmidt
CEO, President & Director
2.6yrs
US$2.46m
5.52% € 15.7m
Michael Ressler
CFO, Treasurer & Secretary
2.6yrs
US$890.66k
0.45% € 1.3m
David Crimmins
Chief Growth Officer
less than a year
US$1.03m
0.88% € 2.5m
Michael McClaflin
Chief Information & Technology Officer
7.4yrs
US$174.92k
0.89% € 2.5m
2.6yrs
Average Tenure
48.5yo
Average Age
Experienced Management: FX3's management team is considered experienced (2.6 years average tenure).
Board Members
Name
Position
Tenure
Compensation
Ownership
Derek Schmidt
CEO, President & Director
2.6yrs
US$2.46m
5.52% € 15.7m
William Creekmuir
Independent Director
7.6yrs
US$174.73k
0.79% € 2.3m
Michael Culbreth
Independent Director
4.7yrs
US$174.73k
0.34% € 957.2k
Kathryn Dickson
Independent Director
5.2yrs
US$173.48k
0.63% € 1.8m
Terence Calloway
Independent Director
1.3yrs
US$41.48k
0.069% € 196.7k
Jeanne McGovern
Independent Chairman of the Board
3.9yrs
US$177.23k
0.29% € 823.2k
4.3yrs
Average Tenure
61yo
Average Age
Experienced Board: FX3's board of directors are considered experienced (4.3 years average tenure).
Company Analysis and Financial Data Status
Data
Last Updated (UTC time)
Company Analysis
2026/08/23 03:30
End of Day Share Price
2026/08/21 00:00
Earnings
2026/06/30
Annual Earnings
2026/06/30
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Flexsteel Industries, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.