Business Wire·Oct 9, 2025, 4:10 PM ET

Flexsteel Industries, Inc. Announces Change to Board of Directors

Flexsteel Industries announced that long-time board member Thomas M. Levine plans to retire following the December 2025 board meeting.
Levine, who joined the board in December 2010, served as Chair from 2018 to present, Audit & Ethics Committee Chair from 2016 to 2018, and held other committee roles.
CEO Derek Schmidt praised Levine's 15 years of dedication his background in general management & legal matters his significant leadership contributions & gratitude for his impact on the business.
Levine stated his retirement is due to a desire to spend more time with family & pursue personal interests not due to concerns with the board or management.
The board size will decrease from eight to seven directors concurrently with Levine's departure.
Jeanne McGovern who has served on the board since 2022 will assume the role of Chair of the Board.
McGovern brings over 40 years of audit & advisory experience currently holds the Audit & Ethics Committee Chair position and serves on the Nominating & Governance Committee.
The board is currently reviewing the reassignment of McGovern's committee positions.
Flexsteel is a major U.S. manufacturer & marketer of residential furniture including sofas recliners tables desks bedroom furniture outdoor furniture and products featuring its unique steel drop-in seat spring.
The company distributes products via its e-commerce channel & direct sales force.