Flexsteel industries - 25% temporary reduction to base salaries of ceo, cfo, among others

Flexsteel industries -on april 8, compensation committee approved 25% temporary reduction to base salaries of ceo, cfo, among others.announced temporary lay-off of employees aligned with business requirements and location shut-downs.flexsteel industries - compensation reductions will include temporary 50% reduction of cash compensation for company's board of directors.flexsteel industries - has borrowed $15 million under its revolving credit facilities to increase liquidity and strengthen its financial position.company's regular quarterly cash dividend is under evaluation.
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