{"schema_version":"secwatch.filing_event.v1","accession":"0000048287-23-000106","form_type":"8-K","ticker":"HNI","cik":"0000048287","company_name":"HNI CORP","filed_at":"2023-03-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.709902+00:00","generated_at":"2026-06-18T06:01:33.357153+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"HNI Corp to acquire Kimball International for $9.00 cash plus 0.1301 HNI shares per share","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000048287-23-000106","json":"https://secwatch.observer/filing/0000048287-23-000106.json","markdown":"https://secwatch.observer/filing/0000048287-23-000106.md","text":"https://secwatch.observer/filing/0000048287-23-000106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48287/000004828723000106/0000048287-23-000106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48287/000004828723000106/hni-20230307.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T06:01:33.357153+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":[{"claim_id":"5c660cc504d4adfbd4e2ce6c9ada00c7bca617e0","claim":"HNI CORP entered into Agreement and Plan of Merger with Kimball International, Inc. (effective 2023-03-07).","evidence_excerpt":"On March 7, 2023, HNI Corporation, an Iowa corporation (the “ Company ” or “ HNI ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Ozark Merger Sub, Inc., an Indiana corporation and a wholly-owned subsidiary of the Company (“ Merger Sub ”), and Kimball International, Inc., an Indiana corporation (“ Kimball ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000004828723000106/0000048287-23-000106-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Kimball International, Inc."},{"label":"Effective","value":"2023-03-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}