Juan
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of Flexsteel
Industries Inc. (“Flexsteel” or the “Company”) (NasdaqGS:FLXS) for
potential breaches of fiduciary duties in connection with their conduct
in seeking shareholders’ approval for the Company’s Long-Term Incentive
Compensation Plan and Omnibus Stock Plan.
Specifically, in the Proxy Statement filed by the Company with the
Securities and Exchange Commission on October 28, 2013, the Board of
Directors recommends that Flexsteel’s shareholders vote to approve the
Long-Term Incentive Compensation Plan and Omnibus Stock Plan. Under each
plan, up to 700,000 shares of common stock are available for
distribution. The issuance of the additional shares could have a
substantial dilutive effect on the shares of Flexsteel common stock.
Request more information now by clicking here: www.faruqilaw.com/FLXS.
There is no cost or obligation to you.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
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If you own common stock in Flexsteel Industries and wish to obtain
additional information and protect your investments free of charge,
please visit us at www.faruqilaw.com/FLXS
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2013 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
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Copyright Business Wire 2013