Flexsteel Announces Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)
Flexsteel Industries, Inc. (FLXS)
US:NASDAQ Investor Relations:
flexsteel.com/content/investors
Company Research
Source: Business Wire
DUBUQUE, Iowa--(BUSINESS WIRE)--Flexsteel Industries, Inc., (the “Company”) (NASDAQ: FLXS) today announced that the Company granted Derek P. Schmidt, in connection with his appointment as the Company’s Chief Financial Officer and Chief Operating Officer, an option to purchase 78,884 shares of the Company’s common stock with a per share exercise price of $9.97, the closing trading price of the Company’s common stock on the grant date of April 6, 2020. The stock option vests on April 6, 2023 and has a ten-year term. The stock option was granted outside of the Company’s Omnibus Stock Plan in accordance with Nasdaq Listing Rule 5635(c)(4) as an inducement material to Mr. Schmidt entering into employment with the Company. This option grant was previously disclosed, as part of the terms of Mr. Schmidt’s Letter Agreement dated March 10, 2020, in a Current Report on Form 8-K filed with the Securities and Exchange Commission on March 18, 2020.About FlexsteelFlexsteel Industries, Inc. and S
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FLXS
Earnings
- 4/29/24 - Beat
FLXS
Analyst Actions
- 2/6/24 - TheStreet
FLXS
Sec Filings
- 5/1/24 - Form 10-Q
- 4/29/24 - Form 8-K
- 4/18/24 - Form 8-K
- FLXS's page on the SEC website