---
schema_version: "secwatch.filing_event.v1"
accession: "0000950103-25-013056"
form_type: "8-K"
ticker: "HNI"
cik: "0000048287"
company_name: "HNI CORP"
filed_at: "2025-10-10T23:59:59+00:00"
generated_at: "2026-05-17T04:07:27.059472+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HNI receives 77.83% consent from Steelcase note holders for exchange offer related to pending acquisition

## Summary
- 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.

## SEC filing metadata
- accession: 0000950103-25-013056
- form_type: 8-K
- ticker: HNI
- cik: 0000048287
- company_name: HNI CORP
- filed_at: 2025-10-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48287/000095010325013056/0000950103-25-013056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48287/000095010325013056/dp235704_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950103-25-013056
- JSON: https://secwatch.observer/filing/0000950103-25-013056.json
- Plain text: https://secwatch.observer/filing/0000950103-25-013056.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.