Flexsteel Announces Common Stock Repurchase

Furniture World Magazine

The Board of Directors of Flexsteel Industries, Inc. authorized the repurchase of up to 700,000 shares, or slightly more than 10%, of the Company's outstanding common stock. The Company believes its stock is undervalued. The Company will repurchase shares at prevailing market prices as the Company deems appropriate. Flexsteel Industries, Inc., a nation-wide manufacturer of residential and commercial upholstered furniture and recreational vehicle seating has 8 factories throughout the United States. Flexsteel Industries, Inc. is traded on the National Over the Counter Market (NASDAQ) under the symbol "FLXS".