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Patrick M. Crahan, Senior Vice President, Announces Retirement

Stocks in this article: FLXS

Following 30 years of dedicated service in various leadership roles, Patrick M. Crahan, Senior Vice President of Flexsteel Industries, Inc., has announced his retirement from the company effective June 30, 2013. He will continue to serve on the Board of Directors following his retirement.

Mr. Crahan began his career with Flexsteel as a Corporate Accounting Manager. He was promoted to General Manager, then named a Vice President in 1989, and promoted to Senior Vice President in 2005. He was elected to the Board of Directors in 1997. Prior to joining Flexsteel, he was a Partner at Frank Mooney, CPA and VP Finance at California Natural Foods, both based in California.

“Flexsteel has been fortunate to have an executive with Pat’s wealth of experience,” said Karel Czanderna, President & Chief Executive Officer. “Pat has been involved in every aspect of Flexsteel’s operations, including manufacturing, management and finance. He has been instrumental in implementing and leading Flexsteel’s corporate environmental compliance program. He is respected within the company, the furniture industry and the Dubuque community. We wish Pat the very best in his retirement.”

“On behalf of the entire Board of Directors, I thank Pat for his many contributions to Flexsteel,” said Lynn Davis, Chairman of the Board. “We were fortunate to have his guidance and direction at the core of our organization for the past 30 years, and are pleased that Pat will remain actively involved in the company by continuing as a board member.”

In addition to serving on the Flexsteel Board, he serves on the Boards of United Steelworkers Pension Trust Fund, Dubuque Bank and Trust, University of Dubuque, Dubuque Racing Association and Dubuque United Way.

Flexsteel Industries, Inc. (NASDAQ: FLXS) is headquartered in Dubuque, Iowa, and was incorporated in 1929. Flexsteel designs, manufactures, imports and markets quality upholstered and wood furniture for the residential, recreational vehicle, office, hospitality and healthcare markets. For more information on Flexsteel, please visit www.flexsteel.com.

Copyright Business Wire 2010

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