---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-315864"
form_type: "8-K"
ticker: null
cik: "0001050825"
company_name: "STEELCASE INC"
filed_at: "2025-12-11T23:59:59+00:00"
generated_at: "2026-05-16T13:27:40.613430+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# HNI Corporation completes acquisition of Steelcase Inc.; SCS delisted from NYSE

## Summary
- Each SCS share receives either $7.20 cash + 0.2192 HNI shares, $16.19 cash + 0.0009 HNI shares, or 0.3940 HNI shares.
- Combined pro forma annual revenues of $5.8 billion.
- SCS common stock halted and delisted from NYSE; Form 25 filed on December 10, 2025.
- All prior SCS directors resigned; new directors appointed: Jeffrey Lorenger, Vincent Berger, Steven Bradford.
- Steelcase's credit agreement terminated with no outstanding borrowings as of closing.

## SEC filing metadata
- accession: 0001193125-25-315864
- form_type: 8-K
- cik: 0001050825
- company_name: STEELCASE INC
- filed_at: 2025-12-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.02, 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1050825/000119312525315864/0001193125-25-315864-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1050825/000119312525315864/d77540d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-315864
- JSON: https://secwatch.observer/filing/0001193125-25-315864.json
- Plain text: https://secwatch.observer/filing/0001193125-25-315864.txt

## Source-grounded claims
- claim_id: f0fc03f98bdab8db99c28a63c4234cb67b0853e2
  claim: STEELCASE INC completed an acquisition involving HNI Corporation for $7.20 in cash and 0.2192 shares of HNI common stock per share; or $16.19 in cash and 0.0009 shares of HNI common stock; or 0.3940 shares of HNI common stock (closed 2025-12-10).
  evidence_excerpt: adjustment, the right to receive the following consideration (collectively with, if applicable, cash in lieu of fractional shares, the “ merger consideration ”): (i) (a) 0.2192 shares of common stock of HNI (“ HNI common stock ”) and (b) $7.20 in cash (together, the “ mixed election consideration ”); (ii) $16.19 in cash and 0.0009 shares of HNI common
  evidence_url: https://www.sec.gov/Archives/edgar/data/1050825/000119312525315864/0001193125-25-315864-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.