---
schema_version: "secwatch.filing_event.v1"
accession: "0001606757-21-000053"
form_type: "8-K"
ticker: "KE"
cik: "0001606757"
company_name: "Kimball Electronics, Inc."
filed_at: "2021-07-06T23:59:59+00:00"
generated_at: "2026-06-30T07:17:26.759975+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Kimball Electronics adopts new performance share formula and executive severance plan

## Summary
- Performance shares for FY2022 now calculated using profitability attainment (actual operating income vs plan) replacing prior bonus percentage component.
- New Executive Severance & Change in Control Plan effective July 1, 2021, superseding prior executive employment agreements.
- Severance benefits tiered (Tier I CEO, Tier II, Tier III) include salary continuation, COBRA, bonus payout, and equity vesting.
- Change-in-control protection period lasts 24 months; within one year of effective date, prior more beneficial agreements may apply.

## SEC filing metadata
- accession: 0001606757-21-000053
- form_type: 8-K
- ticker: KE
- cik: 0001606757
- company_name: Kimball Electronics, Inc.
- filed_at: 2021-07-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606757/000160675721000053/0001606757-21-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606757/000160675721000053/ke-20210630.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606757-21-000053
- JSON: https://secwatch.observer/filing/0001606757-21-000053.json
- Plain text: https://secwatch.observer/filing/0001606757-21-000053.txt

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