{"filings":[{"id":974517,"accession_number":"0000950103-26-008782","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2026-06-10T20:51:34+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"HNI refinances $498.75M term loans with new 2032 tranche under amended credit agreement","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["New $498.75M Replacement Term Loans mature in 2032; proceeds refinance all outstanding Initial Tranche B Term Loans.","Amortization rate of 1.00% per annum, first installment due September 30, 2026.","Interest rate spread: 1.75% for SOFR Loans, 0.75% for Alternate Base Rate Loans.","Amendment No. 3 executed June 10, 2026; Wells Fargo acts as additional term lender."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":583036,"accession_number":"0001140361-26-022463","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2026-05-21T20:36:50+00:00","items":["5.02","5.07"],"status":"ready","headline":"HNI CFO enters new CIC agreement; annual meeting elects directors, ratifies auditor, approves say-on-pay","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["HNI entered a new Change in Control Employment Agreement with CFO Vincent P. Berger II, effective June 1, 2026, with terms substantially identical to prior.","At May 20 annual meeting, shareholders elected directors Hartnett, Porcellato, Sivajee with over 55M votes each (against ~1.4-2.7M).","KPMG LLP ratified as independent auditor for fiscal 2026 with 63.0M votes for, 370k against.","Advisory vote on named executive officer compensation approved with 56.1M for, 1.5M against."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":98173,"accession_number":"0000048287-26-000098","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2026-05-06T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI Q1: GAAP loss $0.55/sh; adj EPS $0.34; sales $1.35B; organic sales -3.2%; guides FY mid-teens adj EPS growth","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP net loss $38.8M ($0.55 diluted EPS); non-GAAP diluted EPS $0.34 modestly above internal expectations.","Net sales $1.35B, up 125% YoY on Steelcase acquisition; organic net sales down 3.2% YoY.","Workplace Furnishings organic sales -5.2% YoY; Residential Building Products +2.1% with 190bps margin expansion to 17.6%.","Guides full-year 2026 mid-teens non-GAAP EPS growth; Q2 non-GAAP EPS expected to decline modestly YoY.","Steelcase integration on track; $120M total synergies expected; terminated Steelcase ERP to cut costs and focus on profitable growth."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.55,"consensus_revenue_estimate":null,"consensus_revenue_actual":1347500000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113474,"accession_number":"0000048287-26-000059","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2026-02-25T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI FY25 non-GAAP EPS $3.74 (+22%); completed Steelcase acquisition, $120M synergies targeted","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["FY25 GAAP diluted EPS $1.11; non-GAAP diluted EPS $3.74 (+22% YoY), fourth straight year of double-digit non-GAAP EPS growth.","Q4 net loss $49.2M ($0.94 GAAP diluted loss); Q4 non-GAAP EPS $0.83 vs $0.87 prior year.","Completed acquisition of Steelcase in Q4; expected synergies of $120M with $1.20 non-GAAP EPS accretion when fully mature.","FY25 net sales $2.84B (+12% YoY); organic net sales +5.6%; Residential Building Products operating margin 18.0% (+60bps).","FY2026 outlook: expects fifth consecutive year of double-digit non-GAAP EPS growth; modest organic revenue growth; leverage to return to pre-acquisition levels in 18-24 months."],"consensus_eps_estimate":null,"consensus_eps_actual":1.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":2839000000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113472,"accession_number":"0001140361-26-006800","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K/A","filed_at":"2026-02-25T23:59:59+00:00","items":["9.01"],"status":"ready","headline":"HNI closes $1.92B acquisition of Steelcase; pro forma net sales $5.69B in FY2024","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total purchase consideration $1.92B; Steelcase shareholders got $7.20 cash + 0.2192 HNI shares per share.","Pro forma combined net sales $5.69B (FY2024) and $4.41B (nine months ended Sep 27, 2025).","Pro forma net income $75.5M (FY2024 diluted EPS $1.00) and $143.0M (nine-month diluted EPS $1.93).","Recorded $497.7M goodwill and $590M fair value of identifiable intangible assets.","HNI issued $935.9M in 5.125% Notes due 2029 to finance the deal; transaction costs $124.5M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":113473,"accession_number":"0001140361-26-000697","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2026-01-08T23:59:59+00:00","items":["2.05","2.06","9.01"],"status":"ready","headline":"HNI Corp to exit Wayland NY plant, consolidate production; expects $7.5-8M annual savings","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Closing Wayland, NY facility in 2027; production shifted to other North American plants.","Estimated pre-tax charges of $14.9M in 2026-2027, including $5.7M non-cash.","Annual cost savings of $7.5-8.0M once fully mature.","Total KII integration cost synergies now expected to reach $68M by end of 2028.","Approximately 135 employees affected; support and resources promised for transition."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129868,"accession_number":"0000950103-25-015967","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-12-10T23:59:59+00:00","items":["1.01","2.01","2.03","5.02","8.01","9.01"],"status":"ready","headline":"HNI completes acquisition of Steelcase; combined revenue $5.8B","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["HNI completes acquisition of Steelcase; combined pro forma annual revenues of $5.8B.","Steelcase shareholders received $7.20 cash and 0.2192 HNI shares (or alternative mix) per share.","HNI issued $350.979M in 5.125% Senior Secured Notes due 2029 for Steelcase’s notes.","HNI added $500M TLB facility and reduced Term Loan A from $500M to $350M to fund merger.","HNI board expanded to 12; added former Steelcase directors Timothy C.E. Brown and Linda K. Williams."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.95,"calibrated_materiality_score":0.95,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129867,"accession_number":"0000950103-25-015834","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-12-08T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"HNI exchange offer expires with 78% of Steelcase notes tendered; acquisition approved, close Dec 10","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["78% ($351M) of Steelcase's $450M 5.125% notes tendered in exchange for new HNI notes.","Shareholders of HNI and Steelcase voted to approve the acquisition on Dec 5.","Acquisition expected to close Dec 10; exchange offer settlement also Dec 10.","Consent solicitation to eliminate restrictive covenants effective on settlement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129866,"accession_number":"0000950103-25-015816","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-12-05T23:59:59+00:00","items":["5.07","7.01","9.01"],"status":"ready","headline":"HNI and Steelcase shareholders approve acquisition; closing expected Dec 10, 2025","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["HNI shareholders approved stock issuance for Steelcase acquisition (96.88% of votes cast; ~84.52% of outstanding).","Steelcase shareholders approved Merger Agreement adoption (99.60% of votes cast; ~69.93% of outstanding).","Transaction anticipated to close on December 10, 2025, subject to customary closing conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129865,"accession_number":"0000950103-25-015193","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-11-25T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"HNI-Steelcase merger election deadline set for Dec. 4, 2025 at 5pm ET","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Deadline for Steelcase shareholders to elect cash/stock/mixed consideration is 5:00 p.m. ET on Dec. 4, 2025.","Election forms must be received by Equiniti Trust Company by deadline; street-name holders may have an earlier deadline.","Holders not electing properly receive Mixed Consideration: 0.2192 HNI shares + $7.20 cash per Steelcase share.","Reference price for cash/stock elections is VWAP of HNI common over 10 trading days ending 2 days before closing.","Transaction remains subject to HNI and Steelcase shareholder approvals and other customary conditions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129864,"accession_number":"0000950103-25-014337","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-11-05T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"HNI amends credit agreement; adds $105M springing maturity threshold, appoints Bank of America as issuer","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Amendment No. 1 to Credit Agreement sets a $105,000,000 threshold for springing maturity dates on revolving, Term Loan A, and Term Loan B facilities.","Bank of America, N.A. appointed as an additional Issuing Lender and a Revolving Lender, Initial Tranche A Term Lender.","Amendment approved by all existing lenders; no new borrowing or change to total commitments disclosed.","Credit Agreement dated September 5, 2025 remains in effect as modified; no changes to interest rates or financial covenants evident."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129863,"accession_number":"0000950103-25-014111","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-11-03T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"HNI-Steelcase merger clears HSR waiting period; shareholder vote still required","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["HSR waiting period expired at 11:59 p.m. ET on October 31, 2025.","Expiration satisfies a key condition to closing the merger with Steelcase.","Transaction remains subject to shareholder approvals and other customary conditions.","Merger Agreement was entered on August 3, 2025; registration statement on Form S-4 filed but not yet effective."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129862,"accession_number":"0000950103-25-013681","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-10-28T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"HNI extends exchange offer for Steelcase notes to Dec 5; 77.95% tendered as of Oct 27","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["HNI extended expiration of exchange offer for outstanding Steelcase 5.125% Notes due 2029 to Dec 5, 2025.","As of Oct 27, $350.8M of $450M principal (77.95%) validly tendered and not withdrawn.","Consents sufficient to amend indenture received Oct 9; supplemental indenture executed but only operative upon settlement.","Exchange offer remains conditioned on closing of HNI's acquisition of Steelcase; no financing condition.","Tenders previously submitted remain valid; all other offer terms unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129861,"accession_number":"0000048287-25-000134","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-10-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI Q3 non-GAAP EPS $1.10 (+7% YoY); guides double-digit EPS growth in 2025; Steelcase deal on track","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Non-GAAP diluted EPS $1.10 (+7% YoY); GAAP EPS $0.88 (-10% YoY). Net sales $683.8M (+1.7% YoY).","Non-GAAP operating margin 10.8% (highest Q3); Workplace segment margin up 40 bps to 12.3%.","Steelcase acquisition (NYSE: SCS) expected to close before end of 2025; debt reduced $120M during Q3.","Q4 outlook: high single-digit sales growth in both segments; double-digit non-GAAP EPS growth in 2025.","Adjusted Workplace orders +2% excluding hospitality/tariffs; Residential orders +2% YoY."],"consensus_eps_estimate":null,"consensus_eps_actual":2.19,"consensus_revenue_estimate":null,"consensus_revenue_actual":1950600000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":129860,"accession_number":"0000950103-25-013056","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-10-10T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"HNI receives 77.83% consent from Steelcase note holders for exchange offer related to pending acquisition","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Holders representing 77.83% ($350.2M) of Steelcase's 5.125% Notes due 2029 tendered and consented by early deadline.","Consents sufficient to amend Steelcase indenture to eliminate certain covenants; supplemental indenture executed.","Early tender consideration: $1,000 principal of new HNI notes per $1,000 old notes plus $2.50 cash consent payment.","Late tenders receive $970 principal of new HNI notes; expiration is Oct. 27, 2025; settlement within 5 business days.","Exchange offer is a condition to HNI's pending acquisition of Steelcase; HNI may extend expiration if acquisition not yet closable."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146457,"accession_number":"0000950103-25-012282","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-09-26T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"HNI launches $450M exchange offer for Steelcase notes; deal targeted for Q4 2025 close","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Exchange offer for up to $450M principal of 5.125% Steelcase Notes due 2029 for new HNI secured notes with identical rate and maturity.","Consent solicitation to eliminate certain covenants in Steelcase indenture; $2.50 cash payment per $1,000 for tendering holders.","Early tender payment of $30 per $1,000 plus consent payment for holders tendering by Oct. 9, 2025; total consideration $1,000 principal plus $2.50 cash.","Exchange offer and solicitation conditioned on completion of HNI's acquisition of Steelcase, announced Aug. 4, 2025; combined pro forma net sales ~$5.7B."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146456,"accession_number":"0000950103-25-011326","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-09-05T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"HNI signs $1.725B credit facility to fund Steelcase acquisition","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Credit facility includes $425M revolver, $500M term loan A, and up to $800M term loan B.","Proceeds to finance a portion of the Steelcase merger consideration, refinance existing debt, and pay fees.","Revolver and TLA mature 5 years post-closing; TLB matures 7 years post-closing with quarterly amortization.","Interest on TLA/revolver priced at SOFR + 1.25%-1.875% or base rate + 0.25%-0.875%.","TLA requires quarterly amortization starting at 2.5% p.a. in year one, increasing to 10% in year five."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146455,"accession_number":"0000950103-25-009762","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-08-04T23:59:59+00:00","items":["1.01","8.01","7.01","9.01"],"status":"ready","headline":"HNI Corp to acquire Steelcase Inc. for $7.20 cash plus 0.2192 shares per Steelcase share","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger consideration per Steelcase share: mixed of 0.2192 HNI shares + $7.20 cash, or all cash, or all stock.","HNI secured $1.1B bridge loan from JPMorgan and Wells Fargo to fund cash consideration and refinance debt.","Termination fees: Steelcase pays $67M; HNI pays $71M or $134M in specified termination scenarios.","Voting agreements with Pew, Taylor, Niemann cover ~5% of Steelcase shares post conversion of Class B to Class A.","Steelcase Class B common stock to be converted to Class A within 10 business days under Pew Voting Agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":146454,"accession_number":"0001628280-25-035838","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-07-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI reports Q2 2025 earnings beat: EPS $1.02 GAAP, $1.11 non-GAAP, revenue up 7% YoY","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP diluted EPS $1.02 (+36% YoY); non-GAAP diluted EPS $1.11 (+41% YoY); net income $48.2M.","Net sales $667.1M (+7% YoY); organic net sales +7.7%; Workplace segment +7.4%, Residential +5.3%.","Non-GAAP operating margin 11.0% (record Q2); GAAP operating margin 10.2% (+160 bps YoY).","Full-year 2025: double-digit EPS growth, mid-single-digit revenue growth; Q3 EPS expected up slightly.","KII synergies and Mexico ramp contributed $0.24 EPS in H1; additional $0.50-$0.60 expected over 18 months."],"consensus_eps_estimate":null,"consensus_eps_actual":1.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":1266800000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":164827,"accession_number":"0001140361-25-023132","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-06-20T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"HNI appoints Brandon Bullock as COO; 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GAAP EPS $0.29 (-22%), non-GAAP EPS $0.44 (+19%).","Workplace Furnishings sales $441.1M (flat), non-GAAP op margin 5.8% (-20bps).","Residential Building Products sales $158.7M (+7.1%), op margin 15.7% (+130bps).","FY 2025 double-digit non-GAAP EPS growth outlook unchanged; $0.70-$0.80 incremental EPS from KII/Mexico over 2025-2026.","$40M stock repurchased in Q1; Workplace backlog up 16% vs prior year."],"consensus_eps_estimate":null,"consensus_eps_actual":0.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":599800000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":182536,"accession_number":"0000048287-25-000063","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2025-02-20T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI reports Q4 EPS $0.87 non-GAAP; full-year EPS $3.06 (+15.5% YoY); guides to double-digit EPS growth in 2025","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 net sales $642.5M (-5.5% YoY); GAAP EPS $0.79, non-GAAP $0.87.","Full-year 2024 GAAP EPS $2.88 (+164%), non-GAAP $3.06 (+15.5%); operating cash flow >$225M.","Workplace Furnishings full-year non-GAAP op margin 9.5% (highest since 2007); segment op profit +44% YoY.","Residential Building Products full-year non-GAAP op margin 17.5% (+50bps) despite 8% sales decline.","FY2025 guidance: low-to-mid single-digit sales growth both segments; double-digit EPS growth; $0.70-$0.80 incremental EPS from KII/Mexico over 2025-2026."],"consensus_eps_estimate":null,"consensus_eps_actual":2.88,"consensus_revenue_estimate":null,"consensus_revenue_actual":2526400000.0,"consensus_period":"2024-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":199131,"accession_number":"0000048287-24-000191","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2024-10-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI Q3 GAAP EPS $0.98 (+23% YoY), non-GAAP $1.03 (+11%); 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record EPS expected in 2024","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["GAAP EPS $0.75, non-GAAP $0.79 (+44% YoY); net sales $623.7M (+10.7% YoY, organic -3.0%).","Workplace Furnishings operating margin expanded 750 bps GAAP / 370 bps non-GAAP YoY to 11.3%/11.9%.","Residential Building Products net sales down 4.6% YoY to $143.5M; operating margin up 350 bps GAAP to 13.8%.","Guidance: H2 net sales growth (low-single digit WF, mid-single digit RBP); record full-year non-GAAP EPS.","Beyond 2024: $70-75M of savings from KII synergies and Mexico ramp; $45-50M benefit in 2025-2026."],"consensus_eps_estimate":null,"consensus_eps_actual":1.11,"consensus_revenue_estimate":null,"consensus_revenue_actual":1211700000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234463,"accession_number":"0000048287-24-000138","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2024-06-25T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"HNI Corporation elects David Roberts, Verra Mobility CEO, to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["David Roberts elected to HNI Board effective June 25, 2024, for a term expiring at 2025 annual meeting.","Roberts is President & CEO of Verra Mobility (NASDAQ: VRRM), a smart mobility technology firm.","He will serve on the Board's Public Policy and Governance Committee.","Board now has 11 directors: 10 independent plus the CEO; Roberts qualifies as independent.","Roberts will receive standard compensation for non-employee directors as disclosed in March 2024 proxy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234462,"accession_number":"0001140361-24-026875","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2024-05-20T23:59:59+00:00","items":["2.05","2.06","5.07","9.01"],"status":"ready","headline":"HNI to close Hickory plant, consolidates production; charges $10.3M, saves ~$11M annually","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Hickory, NC plant closing in H1 2025; ~200 production/ops positions affected; HBF brand HQ remains in Hickory.","Annual savings estimated at ~$11M when fully mature in 2026; $8-9M expected in 2025.","Total cost synergies from Kimball International acquisition now $50M, including $11M from this consolidation and ~$4M from procurement.","Pre-tax charges of $10.3M over 2024-2025 ($8.5M in 2024, $1.8M in 2025); $1.5M non-cash.","Shareholders elected three directors, ratified KPMG as auditor, and approved advisory say-on-pay and equity plan increase."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":234461,"accession_number":"0000048287-24-000095","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2024-04-29T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI Q1 EPS $0.37 (+825% GAAP, +185% non-GAAP); 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Kimball to become HNI subsidiary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":306829,"accession_number":"0000048287-23-000126","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2023-04-04T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"HNI secures $280M unsecured term loan to fund Kimball International acquisition","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["$280M unsecured delayed draw term loan facility; proceeds for Kimball International merger.","Matures five years from funding; quarterly amortization escalates from 0% to 10% of principal.","Interest at adjusted Term SOFR + 1.125%-1.875% or base rate + 0.125%-0.875%, based on leverage.","Covenants require maximum leverage ratio and minimum interest coverage ratio.","Ticking fee of 0.125%-0.250% on unused commitments; increases by 0.10% if merger extended."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325903,"accession_number":"0000048287-23-000116","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2023-03-16T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"HNI amends credit agreement to allow $160M borrowing for Kimball International merger","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["$160M of existing commitments made available for Kite Acquisition (Kimball International merger) subject to conditions.","Leverage ratio covenant raised to max 3.75:1.00 (4.25:1.00 post-acquisition) with unrestricted cash deduction permitted.","Capacity for additional loans under credit facility increased from $150M to $250M.","EBITDA calculation adjusted after Senior Notes event to include cost savings and non-recurring charges up to $40M or 12.5%.","Amendment defines Kite Borrowing, Term Loan Facility up to $280M, and bridge facility up to $440M."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325902,"accession_number":"0000048287-23-000106","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2023-03-10T23:59:59+00:00","items":["1.01","9.01"],"status":"ready","headline":"HNI Corp to acquire Kimball International for $9.00 cash plus 0.1301 HNI shares per share","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Merger consideration per Kimball share: $9.00 cash + 0.1301 HNI common shares.","HNI secured $440M bridge loan from Wells Fargo and U.S. Bank to finance the deal.","Termination fee: Kimball pays HNI $15.8M if terminated for a superior proposal; HNI pays $24.3M if it breaches.","Closing expected by Sept 2023 (extendable to Dec 2023) subject to Kimball shareholder and antitrust approvals.","HNI board unanimously approved the acquisition; Kimball will become a wholly-owned subsidiary."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325901,"accession_number":"0000048287-23-000085","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2023-03-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"HNI to acquire Kimball International for ~$485M in cash/stock; $12.90/share implied value","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Total consideration $12.90/share: $9 cash + 0.1301 HNI shares; 81% premium to KBAL 30-day VWAP.","Pro forma annual revenue ~$3.1B, pro forma adj. EBITDA ~$290M inclusive of ~$25M annual cost synergies within 3 years.","Transaction approved by both boards; expected close by mid-2023 subject to KBAL shareholder vote and regulatory approval.","Kimball CEO Kristie Juster to remain until close; combined co. led by HNI CEO Jeff Lorenger.","KBAL shareholders will own ~10% of combined company."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":325900,"accession_number":"0000048287-23-000049","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2023-02-23T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI Q4 non-GAAP EPS $0.63 beats $0.43 prior year; full year sales $2.36B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 GAAP EPS $0.39 (up 105% YoY); non-GAAP EPS $0.63 (up 47% YoY) on sales $568.9M (down 6%).","Full year 2022 sales $2.362B, GAAP EPS $2.94, non-GAAP EPS $2.20 (up 35% YoY).","Workplace Furnishings non-GAAP operating profit $8.4M in Q4 (up 136.5%); margin expanded 150 bps.","Residential Building Products Q4 sales up 4.2% to $217.7M; non-GAAP operating margin 19.9% (up 170 bps).","Guidance: Q1 2023 non-GAAP operating income approx. breakeven; expects >85% of annual profit in H2 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":2.94,"consensus_revenue_estimate":null,"consensus_revenue_actual":2361800000.0,"consensus_period":"2022-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":343644,"accession_number":"0000048287-22-000178","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2022-10-24T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI Q3 non-GAAP EPS $0.71 beats $0.43 prior year; Lamex sale gains $0.50; demand softens, outlook lowered","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q3 GAAP EPS $1.51 (includes $0.50 gain from Lamex sale); non-GAAP EPS $0.71 up 65% YoY.","Revenue $598.8M, +2.1% YoY; organic +3.3%; Workplace Furnishings -4.6%, Residential Building Products +15.5%.","Initiated $30M annual cost savings; Workplace orders fell 15%, Residential orders fell 6% in Q3.","Q4 outlook: Workplace revenue decline low-teens; Residential revenue growth low-to-mid single digits; non-GAAP EPS modestly above prior year but down sequentially.","Balance sheet strong; low leverage; free cash flow expected to support investment, dividends, M&A, buybacks."],"consensus_eps_estimate":null,"consensus_eps_actual":2.54,"consensus_revenue_estimate":null,"consensus_revenue_actual":1792900000.0,"consensus_period":"2022-Q3","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":360170,"accession_number":"0000048287-22-000170","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2022-09-15T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"HNI Corporation elects Patrick D. Hallinan to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Patrick D. 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separation includes $425K payment","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Kurt Tjaden retires as President HNI International and SVP, effective September 30, 2022, after 14 years of service.","Separation agreement provides $425,000 lump-sum cash payment (less withholding), release of claims, and non-competition covenants.","Board removed Tjaden as Section 16 executive officer following the sale of the Lamex business in July 2022."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":360168,"accession_number":"0000048287-22-000155","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2022-07-28T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"HNI Q2 sales $622M, EPS $0.72; 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HNI thanks employees for their contributions."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":360166,"accession_number":"0000048287-22-000152","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K/A","filed_at":"2022-07-20T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"HNI Corp corrects credit facility maturity to June 2027; $400M revolver executed","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving commitment reduced from $450M to $400M; option to increase by $150M retained.","Maturity date extended to June 2027 (corrected from inadvertently reported June 2028).","Prior facility's April 2023 maturity replaced; subsidiary guarantor released.","Proceeds for working capital, acquisitions, dividends, stock repurchases; other terms unchanged."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":2275695760.5146685,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":379142,"accession_number":"0000048287-22-000144","cik":48287,"company_name":"HNI CORP","ticker":"HNI","form_type":"8-K","filed_at":"2022-06-17T23:59:59+00:00","items":["1.01","2.03","9.01"],"status":"ready","headline":"HNI amends credit facility: reduces revolver to $400M, extends maturity to June 2028","summary_kind":"llm","event_type":"debt","confidence":"high","bullets":["Revolving commitment reduced from $450M to $400M; 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