{"schema_version":"secwatch.filing_event.v1","accession":"0001140361-23-027805","form_type":"8-K","ticker":"HNI","cik":"0000048287","company_name":"HNI CORP","filed_at":"2023-06-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.870097+00:00","generated_at":"2026-06-14T09:53:51.933465+00:00","sec_items":["1.01","2.01","5.02","8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"HNI Corp closes Kimball International acquisition for $9 cash + 0.1301 shares per share; proforma revenue ~$3B","bullets":["Kimball shareholders receive $9 cash + 0.1301 HNI shares per share; HNI assumed equity plan with ~1.1M shares.","Proforma revenue of ~$3.0B and combined EBITDA of ~$305M, including $25M in synergies expected within 3 years.","HNI amended credit agreements, increasing term loan by $20M and revolver by $25M to finance the merger.","Kimball's board and most officers ceased; certain officers remain including COO Kourtney Smith and EVP Gregory Meunier."],"urls":{"canonical":"https://secwatch.observer/filing/0001140361-23-027805","json":"https://secwatch.observer/filing/0001140361-23-027805.json","markdown":"https://secwatch.observer/filing/0001140361-23-027805.md","text":"https://secwatch.observer/filing/0001140361-23-027805.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/0001140361-23-027805-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/brhc20053833_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T09:53:51.933465+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":"3e55b9cb8f","claim":"Lonnie Nicholson was appointed as Chief Human Resources Officer at HNI CORP.","evidence_excerpt":"the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/0001140361-23-027805-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"remain"},{"label":"Role","value":"Chief Human Resources Officer"}],"fact_type":"executive_change"},{"claim_id":"3fc563f040","claim":"Gregory Meunier was appointed as EVP Global Operations at HNI CORP.","evidence_excerpt":"the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/0001140361-23-027805-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"remain"},{"label":"Role","value":"EVP Global Operations"}],"fact_type":"executive_change"},{"claim_id":"934b8591ff","claim":"Kourtney Smith was appointed as Chief Operating Officer at HNI CORP.","evidence_excerpt":"the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/0001140361-23-027805-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"remain"},{"label":"Role","value":"Chief Operating Officer"}],"fact_type":"executive_change"},{"claim_id":"a144513b4c","claim":"Michael Roch was appointed as Chief Customer Officer Workplace & Health at HNI CORP.","evidence_excerpt":"the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/0001140361-23-027805-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"remain"},{"label":"Role","value":"Chief Customer Officer Workplace & Health"}],"fact_type":"executive_change"},{"claim_id":"b7b904583e","claim":"Chris Robison was appointed as President of Poppin at HNI CORP.","evidence_excerpt":"the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/0001140361-23-027805-index.htm","confidence":1.0,"family_label":"Executive change","details":[{"label":"Action","value":"remain"},{"label":"Role","value":"President of Poppin"}],"fact_type":"executive_change"},{"claim_id":"312912474ee9cb41a983741ae1840d0b376c697f","claim":"HNI CORP completed an acquisition involving Kimball International, Inc. for $9.00 in cash and 0.1301 shares of HNI common stock per share (closed 2023-06-01).","evidence_excerpt":"law, and (d) certain shares of Kimball Common Stock subject to long-term incentive awards (collectively, the “ Excluded Shares ”)), was converted into the right to receive (i) $9.00 in cash (the “ Cash Consideration ”) and (ii) 0.1301 of a validly issued, fully paid and nonassessable share of common stock of HNI, par value $1.00 per share (“ HNI Common Stock","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/48287/000114036123027805/0001140361-23-027805-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"acquisition"},{"label":"Counterparty","value":"Kimball International, Inc."},{"label":"Consideration","value":"$9.00 in cash and 0.1301 shares of HNI common stock per share"},{"label":"Closing","value":"2023-06-01"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}