Industrials & Aerospace
Flexsteel Industries Executive Compensation (FY26)
FLXS · Executive and director compensation, fiscal 2022 to 2026
Chief executive, fiscal 2026 ◇ Derek Schmidt | Latest say-on-pay support = December 10, 2025 |
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Data as of November 5, 2026Latest filing (DEF 14A): October 23, 2026
11 filings cited on this page
Method: intel.velarion.ai/methodology
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145 figures on this page: 137 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
More on Flexsteel Industries
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2025 to fiscal 2026
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Derek Schmidt: $2,459,195 → $2,469,412 (0.4% higher)
Say-on-pay support: 90.3% → 97.0% (6.7 points higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is Flexsteel Industries' chief executive and what were they paid?
Derek Schmidt, President and Chief Executive Officer, received $2,469,412 in total compensation for fiscal 2026. Compared with the $2,459,195 reported for fiscal 2025, Schmidt's total was 0.4% higher.
What was Flexsteel Industries' say-on-pay result?
The say-on-pay proposal drew 97.0% of votes cast for or against in favor at the meeting held December 10, 2025 for fiscal 2025.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jerald Dittmer President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Derek Schmidt Chief Financial Officer and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Jerald Dittmer President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Derek Schmidt Chief Financial Officer and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Timothy Newlin Vice President of Strategic Business Development | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Derek Schmidt President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Crimmins Vice President of Sales and Product Management | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Derek Schmidt President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Crimmins Vice President of Sales and Product Management | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Ressler Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2026
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Derek Schmidt President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Crimmins Chief Growth Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Michael Ressler Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2026
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David Crimmins | RSU | — | — | — | — | — | — | ◇ |
| Derek Schmidt | RSU | — | — | — | — | — | — | ◇ |
| Michael Ressler | RSU | — | — | — | — | — | — | ◇ |
Fiscal 2023, 2025 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2026 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Derek Schmidt | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| David Crimmins | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — | |
| Michael Ressler | PSU | ◇ | ◇ | — | — |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Thomas M. Levine Board chair | ◇ | ◇ | — | — | — | — | ◇ |
Jeanne McGovern | ◇ | ◇ | — | — | — | — | ◇ |
M. Scott Culbreth | ◇ | ◇ | — | — | — | — | ◇ |
William S. Creekmuir | ◇ | ◇ | — | — | — | — | ◇ |
Kathryn P. Dickson | ◇ | ◇ | — | — | — | — | ◇ |
Jerald K. Dittmer | ◇ | — | — | — | — | — | ◇ |
F. Brooks Bertsch | ◇ | ◇ | — | — | — | — | ◇ |
Terence P. Calloway | ◇ | ◇ | — | — | — | — | ◇ |
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | December 10, 2025 | = | ◇ | ◇ | ◇ |
| 2024 | December 11, 2024 | = | ◇ | ◇ | ◇ |
| 2023 | December 13, 2023 | = | ◇ | ◇ | ◇ |
| 2022 | December 14, 2022 | = | ◇ | ◇ | ◇ |
| 2021 | December 8, 2021 | = | ◇ | ◇ | ◇ |
| 2020 | December 9, 2020 | = | ◇ | ◇ | ◇ |
| 2019 | December 9, 2019 | = | ◇ | ◇ | ◇ |
| 2016 | December 5, 2016 | = | ◇ | ◇ | ◇ |
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Derek Schmidt (President and Chief Executive Officer), FY2026 total compensation $2,469,412 (base salary $600,000) [exec_comp, SEC accession 0001140361-26-040658, filed 2026-10-23]What this page does not include
Everything above is a fact Flexsteel Industries disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $500Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
145 figures on this page: 137 cited to the filing that reported them, 8 calculated from figures it prints.
137 cited to the filing
8 calculated from the filing
Documents cited
- 0001140361-26-040658
- 0001193125-25-320861Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-25-039303
- 0000950170-24-135818Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000950170-23-071480Item 5.07 Submission of Matters to a Vote of Security Holders
- 0001140361-23-049719
- 0000037472-22-000064Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0000037472-21-000035Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0000037472-20-000061Item 5.07. Submission of Matters to a Vote of Security Holders
- 0000037472-19-000020Item 5.07. Submission of Matters to a Vote of Security Holders.
- 0000897101-16-003359Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Flexsteel Industries executive compensation, FY2022–FY2026.” https://intel.velarion.ai/comp/FLXS (accessed 2026).
Short form: data: Velarion
The paid brief for Flexsteel Industries
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
$500 for the Executive Compensation Report. Both reports for $900.
11 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}