UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

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)  August 14, 2014

 

 

FLEXSTEEL INDUSTRIES, INC.

(Exact name of registrant as specified in its charter)

 

Minnesota 0-5151 42-0442319
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)
     
385 Bell Street, Dubuque, Iowa 52001
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code 563-556-7730

 

 
(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 1.01.  Entry into a Material Definitive Agreement.

 

On August 8, 2014, Flexsteel Industries, Inc. (the “Buyer”) entered into an agreement with ELHC I, LLC (the “Seller”), to purchase certain real property from the Seller for $24.1 million. The real property is located in Edgerton, Kansas and includes approximately 26.6 acres of land together with a building of approximately 500,000 square feet. The Buyer intends to utilize available cash and borrowing availability to fund the transaction.

 

The foregoing description of the agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which is filed as Exhibit 10.1 hereto.

 

 

Item 9.01  Financial Statements and Exhibits.

 

  (a) Not applicable
  (b) Not applicable
  (c) Not applicable
  (d) Exhibits

 

  Exhibit No. Description
     
  Exhibit 10.1 Purchase and Sale Agreement, dated as of August 8, 2014, among ELHC I, LLC and Flexsteel Industries, Inc.

 

 

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.
    (Registrant)
       
Date:   August 14, 2014   By:   /s/ Timothy E. Hall
      Timothy E. Hall
Principal Financial Officer, SVP-Finance and CFO