Flexsteel Industries, Inc.

NasdaqGS:FLXS Stock Report

Market Cap: US$195.6m

Flexsteel Industries Management

Management criteria checks 1/4

Flexsteel Industries' CEO is Jerry Dittmer, appointed in Dec 2018, has a tenure of 5.33 years. total yearly compensation is $3.06M, comprised of 24% salary and 76% bonuses, including company stock and options. directly owns 2.49% of the company’s shares, worth $4.88M. The average tenure of the management team and the board of directors is 4.8 years and 2.8 years respectively.

Key information

Jerry Dittmer

Chief executive officer

US$3.1m

Total compensation

CEO salary percentage24.0%
CEO tenure5.3yrs
CEO ownership2.5%
Management average tenure4.8yrs
Board average tenure2.8yrs

Recent management updates

Recent updates

Flexsteel Industries: Navigating A Recovering Furniture Market

Mar 25

Flexsteel Is Going In The Right Direction But Is Too Expensive

Feb 25

Flexsteel Industries: A Window Of Opportunity

Jan 20

Flexsteel declares $0.15 dividend

Sep 13

Flexsteel Non-GAAP EPS of $0.41 misses by $0.02, revenue of $124.52M beats by $5.1M

Aug 22

Flexsteel Industries (NASDAQ:FLXS) Use Of Debt Could Be Considered Risky

Jul 05
Flexsteel Industries (NASDAQ:FLXS) Use Of Debt Could Be Considered Risky

Flexsteel: Strong Quarter, +22% EPS On +18% Revenue, Estimates Beat, 14% Buyback During Quarter

Apr 27

Flexsteel: +19% Sales But Weak Quarter, 7x P/E And 56% Upside

Jan 26

Here's Why Flexsteel Industries (NASDAQ:FLXS) Has A Meaningful Debt Burden

Oct 28
Here's Why Flexsteel Industries (NASDAQ:FLXS) Has A Meaningful Debt Burden

Flexsteel: +24% EPS Growth, 8x P/E, And 45% Upside

Oct 26

Flexsteel: Record EPS And Retail Backlog Equal 44% Upside

Aug 25

CEO Compensation Analysis

How has Jerry Dittmer's remuneration changed compared to Flexsteel Industries's earnings?
DateTotal CompensationSalaryCompany Earnings
Dec 31 2023n/an/a

US$15m

Sep 30 2023n/an/a

US$15m

Jun 30 2023US$3mUS$735k

US$15m

Mar 31 2023n/an/a

US$4m

Dec 31 2022n/an/a

US$8m

Sep 30 2022n/an/a

-US$2m

Jun 30 2022US$2mUS$735k

US$2m

Mar 31 2022n/an/a

US$8m

Dec 31 2021n/an/a

US$8m

Sep 30 2021n/an/a

US$24m

Jun 30 2021US$3mUS$656k

US$23m

Mar 31 2021n/an/a

-US$9m

Dec 31 2020n/an/a

-US$19m

Sep 30 2020n/an/a

-US$33m

Jun 30 2020US$2mUS$664k

-US$27m

Mar 31 2020n/an/a

-US$21m

Dec 31 2019n/an/a

-US$31m

Sep 30 2019n/an/a

-US$24m

Jun 30 2019US$3mUS$350k

-US$33m

Compensation vs Market: Jerry's total compensation ($USD3.06M) is above average for companies of similar size in the US market ($USD1.60M).

Compensation vs Earnings: Jerry's compensation has increased by more than 20% in the past year.

CEO

Jerry Dittmer (65 yo)

5.3yrs

Tenure

US$3,062,037

Compensation

Mr. Jerald K. Dittmer, also known as Jerry, has been Chief Executive Officer and Director at Flexsteel Industries, Inc. since December 28, 2018. He had been President at Flexsteel Industries, Inc. since De...

Leadership Team

NamePositionTenureCompensationOwnership
Jerald Dittmer
CEO & Director5.3yrsUS$3.06m2.49%
$ 4.9m
Derek Schmidt
President & Directorless than a yearUS$1.42m3.8%
$ 7.4m
Michael Ressler
CFO, Treasurer & Secretaryless than a yearno data0.29%
$ 558.8k
Michael McClaflin
Chief Information & Technology Officer5.1yrsUS$174.92k0.61%
$ 1.2m
David Crimmins
Vice President of Sales & Product Management4.6yrsUS$645.18k0.43%
$ 837.9k
Stacy Kammes
VP of Human Resources & Assistant Secretary10.3yrsno data0.42%
$ 820.2k

4.8yrs

Average Tenure

50yo

Average Age

Experienced Management: FLXS's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jerald Dittmer
CEO & Director5.3yrsUS$3.06m2.49%
$ 4.9m
Derek Schmidt
President & Directorless than a yearUS$1.42m3.8%
$ 7.4m
Thomas Levine
Independent Chair of the Board13.3yrsUS$227.49k0.58%
$ 1.1m
William Creekmuir
Independent Director5.3yrsUS$156.99k0.53%
$ 1.0m
M. Culbreth
Independent Director2.3yrsUS$149.99k0.19%
$ 367.2k
Kathryn Dickson
Independent Director2.8yrsUS$146.99k0.39%
$ 757.2k
Jeanne McGovern
Director1.6yrsUS$111.87k0.13%
$ 254.3k

2.8yrs

Average Tenure

64yo

Average Age

Experienced Board: FLXS's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.

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