{"schema_version":"secwatch.filing_event.v1","accession":"0000048287-23-000085","form_type":"8-K","ticker":"HNI","cik":"0000048287","company_name":"HNI CORP","filed_at":"2023-03-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.709683+00:00","generated_at":"2026-06-18T09:00:20.984964+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"HNI to acquire Kimball International for ~$485M in cash/stock; $12.90/share implied value","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000048287-23-000085","json":"https://secwatch.observer/filing/0000048287-23-000085.json","markdown":"https://secwatch.observer/filing/0000048287-23-000085.md","text":"https://secwatch.observer/filing/0000048287-23-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48287/000004828723000085/0000048287-23-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48287/000004828723000085/hni-20230307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T09:00:20.984964+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}