secwatch.observer — SEC 8-K summary
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Issuer:     KIMBALL INTERNATIONAL INC (—)
CIK:        0000055772
Form:       8-K
Filed at:   2023-06-01T23:59:59+00:00
Accession:  0001140361-23-027820
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.02, 2.01, 5.01, 5.03, 3.01, 3.03, 5.02, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNI completes acquisition of Kimball International for $9.00 cash + 0.1301 HNI shares per KBAL share
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- Shareholders approved merger on May 31, 2023; transaction closed June 1, 2023.
- Each KBAL share converted into $9.00 cash and 0.1301 HNI shares.
- Pro forma combined revenue ~$3B and EBITDA ~$305M including $25M expected synergies within 3 years.
- Kimball directors and most officers ceased; five officers remain with Kimball International as subsidiary.
- KBAL shares delisted from NASDAQ; Kimball to deregister with SEC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/55772/000114036123027820/0001140361-23-027820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/55772/000114036123027820/brhc20053845_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-027820

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