SEC Form SC 13G/A filed by Flexsteel Industries Inc. (Amendment)

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 1)^*

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Item 1(a). Name of Issuer:

 Flexsteel Industries, Inc.

Item 1(b). Address of Issuer's Principal Executive Offices:

 385 Bell Street, Dubuque, IA 52001-0877

Item 2(a). Name of Person Filing:

The shares are held by the Carolyn T. Bleile Declaration of Trust dated August 8, 2001 (the “Trust”). Carolyn T. Bertsch Bleile is the sole trustee of the Trust.

Item 2(b). Address of Principal Business Office, or if none, Residence:

c/o Maslon LLP, 90 South 7^th Street, Suite 3300, Minneapolis, MN 55402

Item 2(c). Citizenship:

Carolyn T. Bertsch Bleile is a United States Citizen, The Trust is domiciled in Iowa.

Item 2(d). Title of Class of Securities:

Common Stock, par value $1.00 per share

Item 2(e). CUSIP Number:

339382103

Item 3. If This Statement is Filed Pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: __________________.

Item 4. Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

The Trust holds 329,632 shares

The percentage ownership for each Reporting Person Based upon 5,177,386 shares of the Issuer’s common stock outstanding on February 8th, 2023, as reported by Flexsteel Industries, Inc. in its Quarterly Report on Form 10-Q filed on February 8th, 2023.

Carolyn T. Bertsch Bleile, as sole trustee of the Carolyn T. Bleile Declaration of Trust dated August 8, 2001, has sole voting and dispositive power over 329,632 shares of Common Stock.

Item 5. Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to the beneficial owner of more than 5 percent of the class of securities, check the following: ☐

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

N/A

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

N/A

Item 8. Identification and Classification of Members of the Group.

N/A

Item 9. Notice of Dissolution of Group.

N/A

Item 10. Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.

Dated: February 14, 2023