HNI-Steelcase merger election deadline set for Dec. 4, 2025 at 5pm ET

HNI CORP

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.

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