---
schema_version: "secwatch.filing_event.v1"
accession: "0001606757-24-000020"
form_type: "8-K"
ticker: "KE"
cik: "0001606757"
company_name: "Kimball Electronics, Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:50:27.909716+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# KE divests AT&M business for $24.3M cash; VP Thyen departs with $260K transition

## Summary
- Closed sale of AT&M subsidiary to Averna on July 31, 2024 for ~$24.3M in cash initial consideration.
- Proceeds to fund organic growth, debt reduction, and share repurchases.
- VP Christopher Thyen left effective July 31; not due to disagreement; eligible for $260K cash incentive.
- Divestiture allows KE to focus on core Electronics Manufacturing Services (EMS) operations.
- AT&M had been classified as held for sale in May 2024.

## SEC filing metadata
- accession: 0001606757-24-000020
- form_type: 8-K
- ticker: KE
- cik: 0001606757
- company_name: Kimball Electronics, Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1606757/000160675724000020/0001606757-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1606757/000160675724000020/ke-20240731.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001606757-24-000020
- JSON: https://secwatch.observer/filing/0001606757-24-000020.json
- Plain text: https://secwatch.observer/filing/0001606757-24-000020.txt

## Key facts
- Executive change
  Christopher J. Thyen departed as Vice President, New Platforms at Kimball Electronics, Inc..
  - Action: departed
  - Role: Vice President, New Platforms
  source text: Effective as of the July 31, 2024 closing of the Agreement and the Company’s divestiture of the AT&M business, Christopher J. Thyen, Vice President, New Platforms, became affiliated with Averna and is no longer employed by Kimball Electronics.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1606757/000160675724000020/0001606757-24-000020-index.htm

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