Flexsteel Industries, Inc. (NASDAQ:FLXS) announced on October 10, 2025 that long‑time board member Thomas (Tom) M. Levine will retire following the December 2025 board meeting, reducing the board from eight to seven directors. In the same announcement, the company named Jeanne McGovern, who has served on the board since 2022, as the new Chair of the Board.
Levine joined the Flexsteel board in December 2010 and served as Chair from 2018 through the current term. He also chaired the Audit & Ethics Committee from 2016 to 2018 and has been a member of the Nominating & Governance Committee for six years. McGovern currently chairs the Audit and Ethics Committee and is a member of the Nominating and Governance Committee, bringing over 40 years of audit and advisory experience to the board.
The board change is a routine governance update with no immediate financial impact. It signals continuity in leadership and governance stability for investors, but does not alter the company’s strategic direction or financial outlook.
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