Exhibit 1.01
Flexsteel Industries, Inc.
Conflict Minerals Report
For the reporting period from January 1, 2023, to December 31, 2023
As used herein, the terms Company, Flexsteel, we, us or our refer to Flexsteel Industries, Inc.,
the Registrant, and its subsidiaries.
This Conflict Minerals Report (the Report) of Flexsteel Industries, Inc. has been prepared pursuant to
Rule 13p-1 and Form SD (the Rule) promulgated under the Securities and Exchange Act of 1934, as amended (the 1934 Act), for the reporting period January 1, 2023, to
December 31, 2023. Many terms in this Report are defined in Rule 13p-1 and Form SD and the reader is referred to those sources and to the 1934 Act Release
No. 34-67716 (August 22, 2012) for such definitions.
The Rule requires disclosure of certain information
when a company manufactures or contracts to manufacture products and the minerals specified in the Rule are necessary to the functionality or production of those products. The specified minerals, which we collectively refer to in this Report as the
Conflict Minerals are columbite-tantalite (coltan), cassiterite, gold, wolframite, or their derivatives, which are limited to tantalum, tin, and tungsten. The Covered Countries for the purposes of the Rule and this Report are
the Democratic Republic of the Congo, the Republic of the Congo, the Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania, Zambia, and Angola. As described in this Report, certain of our operations manufacture, or contract to
manufacture products, and the Conflict Minerals are necessary to the functionality or production of those products.
Description of the Companys
Products Covered By this Report
Flexsteel Industries, Inc. and subsidiaries is one of the largest manufacturers, importers, and marketers of furniture
products in the United States. Product offerings include a wide variety of furniture such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and
chairs, kitchen storage, bedroom furniture, and outdoor furniture. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name Flexsteel is
derived. The Company distributes its products throughout the United States through its e-commerce channel and dealer sales force.
This Report relates to products: (i) for which Conflict Minerals are necessary to the functionality or production of the product; (ii) that were
manufactured, or contracted to be manufactured, by the Company; and (iii) for which the manufacture was completed during the calendar year 2023. The Companys products may contain Conflict Minerals and are covered by this report.
Due Diligence
Due Diligence Process
Flexsteel assembled an internal Conflict Minerals compliance team including representatives from supply chain management, design and development,
manufacturing, and finance with overall support from executive leaders. The compliance team conducted internal training educating internal personnel on the requirements of the Conflict Minerals regulations.