Flexsteel Industries Inc. CEO Ronald Klosterman’s total compensation rose 52 percent in the fiscal year that ended June 30, according to a filing with the Securities and Exchange Commission. Incentive pay was the key to boosting Klosterman’s cash package to $1.21 million in 2010 compared with $795,509 the previous year.

The Dubuque-based furniture maker also rewarded two other executives with sizable incentives. James Richardson, senior vice president of marketing, saw his total compensation rise to $612,108 from $437,597. Donald Dreher, CEO of DMI Furniture Inc., received $603,570 in fiscal 2010, compared with $419,836 a year earlier.

Flexsteel executive officers also qualified for bonuses in 2009, but according to the filing: “The Executive Officers believed that it was inappropriate to receive any cash bonuses for fiscal year 2009 due to the overall actions taken in response to the dramatic economic downturn. These actions included closing facilities, significant employee terminations, salary deferrals and a reduction in the dividend payments to shareholders. … No cash bonuses were awarded or paid for fiscal year 2009.”