FLEXSTEEL INDUSTRIES, INC. (NASDAQ:FLXS) Files An 8-K Regulation FD Disclosure

At the Company’s conference call held at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) on Tuesday, August 27, 2019, it was incorrectly stated that the amount of the remaining restructuring expense to be incurred was $17 – $23 million. The following table compares the restructuring and related expenses recorded and cash expended as of June 30, 2019 to the ranges disclosed in the press release dated June 18, 2019:

As of June 30, 2019, approximately $30 – $35 million of restructuring expense remains to be incurred based on program roll out and timing. As a result of accrued restructuring expense incurred through June 30, 2019, approximately $32 – $36 million in cash payments remain to be made.

About FLEXSTEEL INDUSTRIES, INC. (NASDAQ:FLXS)

Flexsteel Industries, Inc. is a manufacturer, importer, marketer and distributor of residential and commercial upholstered and wood furniture products in the United States. The Company offers its products for contract under categories, such as hospitality, healthcare, senior living, government and commercial office. It offers furniture for common areas, guest rooms, dining areas, patient rooms, resident rooms, work spaces, reception areas, administrative and collaborative spaces. Its range of offering includes chairs, sofas, benches, ottomans, pillows, barstools, tables, headboards, group seating, desks & hutches, causeway collection, presentation boards, bookcases, recliners and storage. It also offers sectionals, reclining furniture, lift reclining furniture, media consoles, night stands and side tables, among others, for home. It offers various products for recreation, such as bucket seats, fold-n-tumble, dinette seating, helm seating and modular sectionals.