secwatch.observer — SEC 8-K summary
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Issuer:     HNI CORP (HNI)
CIK:        0000048287
Form:       8-K/A
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001140361-26-006800
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HNI closes $1.92B acquisition of Steelcase; pro forma net sales $5.69B in FY2024
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- Total purchase consideration $1.92B; Steelcase shareholders got $7.20 cash + 0.2192 HNI shares per share.
- Pro forma combined net sales $5.69B (FY2024) and $4.41B (nine months ended Sep 27, 2025).
- Pro forma net income $75.5M (FY2024 diluted EPS $1.00) and $143.0M (nine-month diluted EPS $1.93).
- Recorded $497.7M goodwill and $590M fair value of identifiable intangible assets.
- HNI issued $935.9M in 5.125% Notes due 2029 to finance the deal; transaction costs $124.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/48287/000114036126006800/0001140361-26-006800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/48287/000114036126006800/ef20066501_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001140361-26-006800

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