Derek Schmidt is President and Chief Executive Officer of Flexsteel Industries Inc (FLXS). The company reported total compensation of $2,459,195 for fiscal year 2025.
| Salary | $570,000 |
|---|---|
| Bonus | $0 |
| Stock awards | $902,990 |
| Option awards | $0 |
| Non-equity incentive plan | $908,010 |
| Pension and non-qualified deferred compensation | $0 |
| All other compensation | $78,195 |
| Total | $2,459,195 |
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed, without adjustment.
Cited to the compensation disclosure Flexsteel Industries Inc filed October 24, 2025, accession 0001140361-25-039303.
| Fiscal year | Role | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | President and Chief Executive Officer | $570,000 | $0 | $902,990 | $0 | $908,010 | $0 | $78,195 | $2,459,195 |
| FY2024 | President and Chief Executive Officer | $470,000 | $0 | $446,465 | $0 | $493,500 | $0 | $50,680 | $1,460,645 |
Totals as disclosed in each year's own compensation disclosure for Flexsteel Industries Inc.
| Named executive officer | Role | FY2025 total |
|---|---|---|
| Derek Schmidt this page | President and Chief Executive Officer | $2,459,195 |
| David Crimmins | Vice President of Sales and Product Management | $1,026,339 |
| Michael Ressler | Chief Financial Officer | $890,661 |
The company's named executive officers for fiscal year 2025, and what it reported for each. See the full Flexsteel Industries Inc compensation brief.
Derek Schmidt's compensation sits inside Flexsteel Industries Inc's full executive and board picture — the peer group, pay against peers, incentive design and the board itself.