{"schema_version":"secwatch.filing_event.v1","accession":"0000950103-25-009762","form_type":"8-K","ticker":"HNI","cik":"0000048287","company_name":"HNI CORP","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.113311+00:00","generated_at":"2026-05-17T21:38:46.490890+00:00","sec_items":["1.01","8.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"HNI Corp to acquire Steelcase Inc. for $7.20 cash plus 0.2192 shares per Steelcase share","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."],"urls":{"canonical":"https://secwatch.observer/filing/0000950103-25-009762","json":"https://secwatch.observer/filing/0000950103-25-009762.json","markdown":"https://secwatch.observer/filing/0000950103-25-009762.md","text":"https://secwatch.observer/filing/0000950103-25-009762.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48287/000095010325009762/0000950103-25-009762-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48287/000095010325009762/dp232552_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:38:46.490890+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"}