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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) June 23, 2005
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FLEXSTEEL INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Minnesota 0-5151 42-0442319
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
3400 Jackson Street, Dubuque, Iowa 52001
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 563-556-7730
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 8.01 Other Events
On June 23, 2005, Flexsteel Industries, Inc. Announces Amendment to Credit
Agreement. See the Press Release attached.
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: June 23, 2005 By: /s/ Timothy E. Hall
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Timothy E. Hall
Vice President, CFO, and Treasurer
Principal Financial Officer
Exhibit 99
Flexsteel Announces Amendment to Credit Agreement
DUBUQUE, Iowa--(BUSINESS WIRE)--June 23, 2005--Flexsteel
Industries, Inc. (NASDAQ:FLXS) ... Based on projected borrowing
requirements, the Company has executed an Amendment to its Credit
Agreement with its lead bank reducing the long-term portion of its
credit facility, which expires September 30, 2007, to $13.0 million
from $20.0 million. The Company also reduced its credit facility
available for Letters of Credit to $5.0 million from $7.0 million.
There were no other changes to the terms of the credit facilities,
including interest rates, other than described above.
In addition, the Company renewed under the same conditions, until
June 29, 2006, its $20.0 million Line of Credit Note for working
capital that was set to expire on June 29, 2005.
Flexsteel Industries, Inc. is headquartered in Dubuque, Iowa, and
was incorporated in 1929. Flexsteel is a designer, manufacturer,
importer and marketer of quality upholstered and wood furniture for
residential, recreational vehicle, office, hospitality and healthcare
markets. All products are distributed nationally.
CONTACT: Flexsteel Industries, Inc., Dubuque
Timothy E. Hall, Chief Financial Officer, 563-585-8392