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FLXS > SEC Filings for FLXS > Form 8-K on 27-Feb-2014All Recent SEC Filings




Entry into a Material Definitive Agreement, Creation of a Direct Financi

Item 1.01. Entry into a Material Definitive Agreement.

On February 25, 2014, Flexsteel Industries, Inc. (the "Company") entered into an $8 million unsecured line of credit with American Trust and Savings Bank. Any amounts outstanding will bear interest of 2.0% below the Wall Street Journal U.S. Prime Rate. The line of credit matures on February 13, 2015. The line of credit will be used for the Company's working capital needs. No amount is outstanding under this line of credit.

The promissory note related to this line of credit is attached to this Current Report on Form 8-K as Exhibits 10.1.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth under Item 1.01 above is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits.

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

Exhibit No.    Description

Exhibit 10.1   Promissory Note dated February 14, 2014 between Flexsteel
               Industries, Inc. and American Trust and Savings Bank

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.


Date: February 27, 2014 By: /s/ Timothy E. Hall Timothy E. Hall Principal Financial Officer, SVP-Finance and CFO

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