Flexsteel Industries Management
Management criteria checks 2/4
We currently do not have sufficient information about the CEO.
Key information
Derek Schmidt
Chief executive officer
US$2.5m
Total compensation
| CEO salary percentage | 23.18% |
| CEO tenure | 2yrs |
| CEO ownership | 4.1% |
| Management average tenure | 6.3yrs |
| Board average tenure | 3.3yrs |
Recent management updates
Recent updates
A Look At The Fair Value Of Flexsteel Industries, Inc. (NASDAQ:FLXS)
Nov 26
Shareholders Can Be Confident That Flexsteel Industries' (NASDAQ:FLXS) Earnings Are High Quality
Oct 30Flexsteel Recognizes Channel Challenges, With Even Higher Tariffs Coming
Oct 21With EPS Growth And More, Flexsteel Industries (NASDAQ:FLXS) Makes An Interesting Case
Oct 20Investors Will Want Flexsteel Industries' (NASDAQ:FLXS) Growth In ROCE To Persist
Oct 07Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
Aug 26A Piece Of The Puzzle Missing From Flexsteel Industries, Inc.'s (NASDAQ:FLXS) 31% Share Price Climb
Jul 03Flexsteel Q3: Tariff Uncertainty Weighs Too Much On Valuation (Rating Upgrade)
Apr 24Flexsteel Industries, Inc.'s (NASDAQ:FLXS) 35% Dip In Price Shows Sentiment Is Matching Earnings
Mar 07Impressive Earnings May Not Tell The Whole Story For Flexsteel Industries (NASDAQ:FLXS)
Feb 13Flexsteel: Cyclical Recovery Continues, But Does Not Deserve A High Teens Multiple
Feb 04Flexsteel's Turnaround Is Finally Priced In (Rating Downgrade)
Jan 06Investors Appear Satisfied With Flexsteel Industries, Inc.'s (NASDAQ:FLXS) Prospects As Shares Rocket 30%
Oct 28Flexsteel Reached A Year Of Cyclical Recovery, And The Stock Reaches Peak Optimism
Oct 22
Innovative Strategies And Efficient Operations Propel Company Towards Market Expansion And Enhanced Profits
Flexsteel's focus on innovation and market expansion aims to drive revenue growth by entering new markets and developing products.Flexsteel Industries (NASDAQ:FLXS) Could Easily Take On More Debt
Sep 19Flexsteel's FY24 Was Great, But The Stock Is At Best Fairly Valued
Sep 03Why Investors Shouldn't Be Surprised By Flexsteel Industries, Inc.'s (NASDAQ:FLXS) P/E
Aug 25Flexsteel Industries: Recent Q3 Top-Line Growth Of 8%+ Will Be Difficult To Maintain
Jul 11Flexsteel Industries' Turnaround Has Been Demonstrated, But Undervaluation Remains
Jul 05Flexsteel Industries: Navigating A Recovering Furniture Market
Mar 25Flexsteel Is Going In The Right Direction But Is Too Expensive
Feb 25Flexsteel Industries: A Window Of Opportunity
Jan 20CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 US market ($USD1.44M).
Compensation vs Earnings: Derek's compensation has increased by more than 20% in the past year.
CEO
Derek Schmidt (52 yo)
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 | 2yrs | US$2.46m | 4.09% $ 8.8m | |
| CFO, Treasurer & Secretary | 2yrs | US$890.66k | 0.29% $ 623.8k | |
| Vice President of Sales & Product Management | 6.3yrs | US$1.03m | 0.61% $ 1.3m | |
| Chief Information & Technology Officer | 6.8yrs | US$174.92k | 0.63% $ 1.4m | |
| VP of Human Resources & Assistant Secretary | 12yrs | no data | 0.53% $ 1.1m |
Experienced Management: FLXS's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 2yrs | US$2.46m | 4.09% $ 8.8m | |
| Independent Director | 7yrs | US$174.73k | 0.59% $ 1.3m | |
| Independent Director | 4.1yrs | US$174.73k | 0.25% $ 531.8k | |
| Independent Director | 4.6yrs | US$173.48k | 0.46% $ 1.0m | |
| Independent Director | less than a year | US$41.48k | 0.035% $ 76.2k | |
| Independent Chairman of the Board | 3.3yrs | US$177.23k | 0.20% $ 439.9k | |
| Independent Director | 1.1yrs | US$82.99k | 0.71% $ 1.5m |
Experienced Board: FLXS's board of directors are considered experienced (3.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/01/06 01:54 |
| End of Day Share Price | 2026/01/06 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/06/30 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Flexsteel Industries, Inc. is covered by 2 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.
| Analyst | Institution |
|---|---|
| Georgy Vashchenko | Freedom Broker |
| Anthony Lebiedzinski | Sidoti & Company, LLC |