Flexsteel Industries Management
Management criteria checks 2/4
Flexsteel Industries' CEO is Derek Schmidt, appointed in Jan 2024, has a tenure of less than a year. total yearly compensation is $1.42M, comprised of 31.5% salary and 68.5% bonuses, including company stock and options. directly owns 3.9% of the company’s shares, worth €7.98M. The average tenure of the management team and the board of directors is 5 years and 3 years respectively.
Key information
Derek Schmidt
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 31.5% |
| CEO tenure | less than a year |
| CEO ownership | 3.9% |
| Management average tenure | 5yrs |
| Board average tenure | 3yrs |
Recent management updates
No updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2024 | n/a | n/a | 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$27m |
Compensation vs Market: Derek's total compensation ($USD1.42M) is above average for companies of similar size in the German market ($USD815.10K).
Compensation vs Earnings: Derek's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
CEO
Derek Schmidt (51 yo)
less than a year
Tenure
US$1,415,048
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 |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.42m | 3.9% $ 8.0m | |
| CFO, Treasurer & Secretary | less than a year | no data | 0.28% $ 580.7k | |
| Chief Information & Technology Officer | 5.5yrs | US$174.92k | 0.67% $ 1.4m | |
| Vice President of Sales & Product Management | 5yrs | US$645.18k | 0.51% $ 1.0m | |
| VP of Human Resources & Assistant Secretary | 10.7yrs | no data | 0.45% $ 928.1k |
5.0yrs
Average Tenure
47.5yo
Average Age
Experienced Management: FX3's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | less than a year | US$1.42m | 3.9% $ 8.0m | |
| Independent Chair of the Board | 13.8yrs | US$227.49k | 0.61% $ 1.2m | |
| Independent Director | 5.7yrs | US$156.99k | 0.55% $ 1.1m | |
| Independent Director | 2.8yrs | US$149.99k | 0.21% $ 431.3k | |
| Independent Director | 3.3yrs | US$146.99k | 0.41% $ 841.7k | |
| Director | 2yrs | US$111.87k | 0.15% $ 314.6k |
3.0yrs
Average Tenure
61.5yo
Average Age
Experienced Board: FX3's board of directors are considered experienced (3 years average tenure).