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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported) December 17, 2003
(Exact name of registrant as specified in its charter)
Flexsteel Industries, Inc.
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
Minnesota 0-5151 42-0442319
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Registrant's telephone number, including area code 563-556-7730
Item 5. Other Events
On December 17, 2003, Flexsteel Industries, Inc. announces Monaghan Steps
Down; Flexsteel Promotes Four Officers. See the Press Release attached hereto
and incorporated herein for further information.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Flexsteel Industries, Inc.
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(Registrant)
Date: December 17, 2003 By: /s/ R. J. Klosterman
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R. J. Klosterman
Financial Vice President &
Principal Financial Officer
Exhibit 99.1
Monaghan Steps Down; Flexsteel Promotes Four Officers
DUBUQUE, Iowa--(BUSINESS WIRE)--Dec. 17, 2003--Flexsteel
Industries, Inc. (Nasdaq:FLXS)
Edward J. Monaghan, Executive Vice President and Chief Operating
Officer, announced his retirement after 35 years with the Company. Ed
spent many years in sales, sales management, general management, and
has served as Executive Vice President and Chief Operating Officer
since October 1993. "We are going to miss Ed's seasoned input and his
vast experience; however, we are happy he will remain on our Board of
Directors to provide guidance and counsel," said K. Bruce Lauritsen,
President & Chief Executive Officer.
Mr. Lauritsen also announced the following promotions and division
of the Chief Operating Officer's responsibilities and duties:
-- Ronald J. Klosterman - has been promoted to Executive Vice
President and Director of Operations. He will retain the
positions of Chief Financial Officer and Secretary.
-- Patrick M. Crahan - has been promoted to Senior Vice
President, Commercial Seating and will also oversee the
operations of the Dubuque and Lancaster Divisions.
-- Jeffrey T. Bertsch - has been promoted to Senior Vice
President, Corporate Services. His new responsibilities will
include corporate purchasing, sourcing, logistics,
coordinating operations with DMI and working with offshore
suppliers.
-- James R. Richardson - Senior Vice President of Marketing will
assume additional responsibilities for residential sales
activities.
"All of these seasoned officers have strong Flexsteel management
backgrounds and the added responsibilities will be important assets in
Flexsteel's future growth," stated Lauritsen.
Flexsteel Industries, Inc., headquartered in Dubuque, is one of
the oldest and largest manufacturers and marketers of residential,
recreational vehicle, healthcare and hospitality upholstered seating
in the country. Flexsteel recently purchased DMI Furniture Inc., a
design, manufacturing and marketing company of residential, commercial
and home office furniture. A long-established company with quality
lines including bedroom and dining room furniture, DMI dovetails with
Flexsteel in philosophy and markets. Both Flexsteel and DMI product
lines are distributed nationally.
CONTACT: Flexsteel Industries, Inc., Dubuque
Timothy E. Hall, 563/556-7734 x392