secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K/A
Filed at:   2023-07-06T23:59:59+00:00
Accession:  0001140361-23-033473
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNI closes Kimball merger; pro forma FY2022 revenue $3.06B, net income $65.4M
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- Pro forma FY2022 (year ended Dec 31, 2022): net sales $3,058M, net income $65.4M, diluted EPS $1.39.
- Pro forma Q1 2023 (3 months ended Apr 1, 2023): net sales $640.4M, net income $1.6M, diluted EPS $0.04.
- Total estimated purchase consideration $503.6M: 0.1301 HNI shares + $9.00 cash per Kimball share.
- Preliminary purchase price allocation: goodwill $189.1M, intangible assets $194.0M, net debt $356.6M added.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000114036123033473/0001140361-23-033473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000114036123033473/brhc20055540_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-033473

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