--- schema_version: "secwatch.filing_event.v1" accession: "0001140361-24-026875" form_type: "8-K" ticker: "HNI" cik: "0000048287" company_name: "HNI CORP" filed_at: "2024-05-20T23:59:59+00:00" generated_at: "2026-06-01T13:34:47.509643+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.7 calibrated_materiality_score: 0.7 confidence: "high" source: SEC EDGAR --- # HNI to close Hickory plant, consolidates production; charges $10.3M, saves ~$11M annually ## Summary - Hickory, NC plant closing in H1 2025; ~200 production/ops positions affected; HBF brand HQ remains in Hickory. - Annual savings estimated at ~$11M when fully mature in 2026; $8-9M expected in 2025. - Total cost synergies from Kimball International acquisition now $50M, including $11M from this consolidation and ~$4M from procurement. - Pre-tax charges of $10.3M over 2024-2025 ($8.5M in 2024, $1.8M in 2025); $1.5M non-cash. - Shareholders elected three directors, ratified KPMG as auditor, and approved advisory say-on-pay and equity plan increase. ## SEC filing metadata - accession: 0001140361-24-026875 - form_type: 8-K - ticker: HNI - cik: 0000048287 - company_name: HNI CORP - filed_at: 2024-05-20T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.7 - calibrated_materiality_score: 0.7 - confidence: high - sec_items: 2.05, 2.06, 5.07, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/48287/000114036124026875/0001140361-24-026875-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48287/000114036124026875/ef20029475_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001140361-24-026875 - JSON: https://secwatch.observer/filing/0001140361-24-026875.json - Plain text: https://secwatch.observer/filing/0001140361-24-026875.txt ## Source-grounded claims - claim_id: 04390c8a3fbd80044454afb0d364f24e46660d56 claim: HNI CORP shareholders approved Ratification of KPMG LLP as the Corporation’s Independent Registered Public Accounting Firm for Fiscal 2024 at the 2024-05-16 meeting. evidence_excerpt: Proposal No. 2 – Ratification of KPMG LLP as the Corporation’s Independent Registered Public Accounting Firm for Fiscal 2024. The Corporation’s shareholders ratified the selection of KPMG LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 28, 2024, with votes as follows: %For 1 For Against Abstain 99.33% 41,551,173.283 281,975.938 62,933.098 1 Percentage of votes cast, which excludes abstentions (in accordance with Iowa law). evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000114036124026875/0001140361-24-026875-index.htm - claim_id: 4cd0409ee44b9aea884b1f8b57a63692b0969ad7 claim: HNI CORP shareholders approved Election of Directors at the 2024-05-16 meeting. evidence_excerpt: Proposal No. 1 – Election of Directors. The Corporation’s shareholders approved three nominees, Mary A. Bell, Mary K.W. Jones, and Patrick D. Hallinan, for election to the Board of Directors of the Corporation for a term expiring at the Corporation’s 2027 Annual Meeting of Shareholders and until their respective successors are elected and qualified, subject to their prior death, resignation, or removal, with votes as follows: Director % For 1 For Against Abstain Broker Non- Votes Mary A. Bell 90.65% 34,570,015.059 3,564,417.690 59,800.570 3,701,849.000 Mary K.W. Jones 95.97% 36,597,567.546 1,538,386.203 58,279.570 3,701,849.000 Patrick D. Hallinan 99.25% 37,853,236.713 286,378.036 54,618.570 3,701,849.000 1 Percentage of votes cast, which excludes abstentions (in accordance with Iowa law) and broker non-votes. evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000114036124026875/0001140361-24-026875-index.htm - claim_id: 68b4d8002bf84eb65b7d41840796da719daf6a76 claim: HNI CORP shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2024-05-16 meeting. evidence_excerpt: Proposal No. 3 – Advisory Vote to Approve Named Executive Officer Compensation. The Corporation’s shareholders approved, on an advisory basis, the compensation awarded by the Corporation to its named executive officers disclosed in the Proxy Statement with votes as follows: %For 1 For Against Abstain Broker Non-Votes 96.53% 36,676,337.643 1,316,656.424 201,239.252 3,701,849.000 1 Percentage of votes cast, which excludes abstentions (in accordance with Iowa law) and broker non-votes. evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000114036124026875/0001140361-24-026875-index.htm - claim_id: 76c8d900ceb0abb992e2918fb7d0f77690cfd7df claim: HNI CORP shareholders approved Approval of a Share Increase Amendment to the 2017 Equity Plan for Non-Employee Directors of HNI Corporation at the 2024-05-16 meeting. evidence_excerpt: Proposal No. 4 – Approval of a Share Increase Amendment to the 2017 Equity Plan for Non-Employee Directors of HNI Corporation. The Corporation’s shareholders approved an amendment to the 2017 Equity Plan for Non-Employee Directors of HNI Corporation to increase the total number of shares of common stock authorized for issuance by 200,000 shares: %For 1 For Against Abstain Broker Non-Votes 94.87% 36,184,854.836 1,956,502.959 52,875.524 3,701,849.000 1 Percentage of votes cast, which excludes abstentions (in accordance with Iowa law) and broker non-votes. evidence_url: https://www.sec.gov/Archives/edgar/data/48287/000114036124026875/0001140361-24-026875-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.