Highest-materiality recent filing
HNI refinances $498.75M term loans with new 2032 tranche under amended credit agreement
New $498.75M Replacement Term Loans mature in 2032; proceeds refinance all outstanding Initial Tranche B Term Loans.
HNI entered a new Change in Control Employment Agreement with CFO Vincent P. Berger II, effective June 1, 2026, with terms substantially identical to prior.
GAAP net loss $38.8M ($0.55 diluted EPS); non-GAAP diluted EPS $0.34 modestly above internal expectations.
HNI closes $1.92B acquisition of Steelcase; pro forma net sales $5.69B in FY2024
Total purchase consideration $1.92B; Steelcase shareholders got $7.20 cash + 0.2192 HNI shares per share.
HNI FY25 non-GAAP EPS $3.74 (+22%); completed Steelcase acquisition, $120M synergies targeted
FY25 GAAP diluted EPS $1.11; non-GAAP diluted EPS $3.74 (+22% YoY), fourth straight year of double-digit non-GAAP EPS growth.
HNI Corp to exit Wayland NY plant, consolidate production; expects $7.5-8M annual savings
Closing Wayland, NY facility in 2027; production shifted to other North American plants.
HNI completes acquisition of Steelcase; combined revenue $5.8B
HNI completes acquisition of Steelcase; combined pro forma annual revenues of $5.8B.
HNI exchange offer expires with 78% of Steelcase notes tendered; acquisition approved, close Dec 10
78% ($351M) of Steelcase's $450M 5.125% notes tendered in exchange for new HNI notes.
HNI and Steelcase shareholders approve acquisition; closing expected Dec 10, 2025
HNI shareholders approved stock issuance for Steelcase acquisition (96.88% of votes cast; ~84.52% of outstanding).
HNI-Steelcase merger election deadline set for Dec. 4, 2025 at 5pm ET
Deadline for Steelcase shareholders to elect cash/stock/mixed consideration is 5:00 p.m. ET on Dec. 4, 2025.
Amendment No. 1 to Credit Agreement sets a $105,000,000 threshold for springing maturity dates on revolving, Term Loan A, and Term Loan B facilities.
HNI-Steelcase merger clears HSR waiting period; shareholder vote still required
HSR waiting period expired at 11:59 p.m. ET on October 31, 2025.
HNI Q3 non-GAAP EPS $1.10 (+7% YoY); guides double-digit EPS growth in 2025; Steelcase deal on track
Non-GAAP diluted EPS $1.10 (+7% YoY); GAAP EPS $0.88 (-10% YoY). Net sales $683.8M (+1.7% YoY).
HNI extends exchange offer for Steelcase notes to Dec 5; 77.95% tendered as of Oct 27
HNI extended expiration of exchange offer for outstanding Steelcase 5.125% Notes due 2029 to Dec 5, 2025.
Holders representing 77.83% ($350.2M) of Steelcase's 5.125% Notes due 2029 tendered and consented by early deadline.
HNI launches $450M exchange offer for Steelcase notes; deal targeted for Q4 2025 close
Exchange offer for up to $450M principal of 5.125% Steelcase Notes due 2029 for new HNI secured notes with identical rate and maturity.
HNI signs $1.725B credit facility to fund Steelcase acquisition
Credit facility includes $425M revolver, $500M term loan A, and up to $800M term loan B.
HNI Corp to acquire Steelcase Inc. for $7.20 cash plus 0.2192 shares per Steelcase share
Merger consideration per Steelcase share: mixed of 0.2192 HNI shares + $7.20 cash, or all cash, or all stock.
HNI reports Q2 2025 earnings beat: EPS $1.02 GAAP, $1.11 non-GAAP, revenue up 7% YoY
GAAP diluted EPS $1.02 (+36% YoY); non-GAAP diluted EPS $1.11 (+41% YoY); net income $48.2M.
HNI appoints Brandon Bullock as COO; base salary raised to $526,900
Brandon Bullock appointed COO effective June 16, 2025; previously President of HON Company subsidiary.
HNI Corp annual meeting: all proposals pass, directors reelected
Directors Jeffrey D. Lorenger, Larry B. Porcellato, and David M. Roberts elected with strong support.
HNI Q1 sales up 2% to $599.8M; GAAP EPS $0.29, non-GAAP $0.44; FY guidance unchanged
Net sales $599.8M (+2% YoY); GAAP EPS $0.29 (-22%), non-GAAP EPS $0.44 (+19%).
Q4 net sales $642.5M (-5.5% YoY); GAAP EPS $0.79, non-GAAP $0.87.
HNI Q3 GAAP EPS $0.98 (+23% YoY), non-GAAP $1.03 (+11%); revenue down 5.5%; Q4 outlook soft
Q3 net sales $672.2M (-5.5% YoY); GAAP EPS $0.98 vs $0.80; non-GAAP EPS $1.03 vs $0.93.
HNI CFO Marshall Bridges retiring Dec 28; VP Berger appointed EVP & CFO effective Dec 29
Marshall H. Bridges to retire as SVP and CFO of HNI effective December 28, 2024.
HNI Q2 GAAP EPS $0.75, non-GAAP $0.79 (+44% YoY); record EPS expected in 2024
GAAP EPS $0.75, non-GAAP $0.79 (+44% YoY); net sales $623.7M (+10.7% YoY, organic -3.0%).
HNI Corporation elects David Roberts, Verra Mobility CEO, to Board of Directors
David Roberts elected to HNI Board effective June 25, 2024, for a term expiring at 2025 annual meeting.
HNI to close Hickory plant, consolidates production; charges $10.3M, saves ~$11M annually
Hickory, NC plant closing in H1 2025; ~200 production/ops positions affected; HBF brand HQ remains in Hickory.
HNI Q1 EPS $0.37 (+825% GAAP, +185% non-GAAP); Workplace margin expands 730 bps
Revenue $588.0M (+22.7% total; organic -8.1% due to housing softness).
HNI Q4 non-GAAP EPS $0.98 (+56% YoY); FY23 non-GAAP EPS $2.65; raises Kimball synergies to $35M
Q4 GAAP EPS $0.48; non-GAAP EPS $0.98 (+56% YoY); sales $679.8M (+19.5% YoY; organic -6.4%).
HNI Q3 non-GAAP EPS $0.93 (+31% YoY); Workplace margin 10.0%; Poppin divested
GAAP revenue $711.6M (+18.8% YoY), organic revenue down 7.1%.
HNI Q2 GAAP loss $0.30/sh, non-GAAP EPS $0.55; plans Poppin divestiture
Net sales $563.5M (-9.4% YoY); GAAP net loss $12.8M vs $0.72 EPS prior year.
HNI closes Kimball merger; pro forma FY2022 revenue $3.06B, net income $65.4M
Pro forma FY2022 (year ended Dec 31, 2022): net sales $3,058M, net income $65.4M, diluted EPS $1.39.
Kimball shareholders receive $9 cash + 0.1301 HNI shares per share; HNI assumed equity plan with ~1.1M shares.
HNI annual meeting: all director nominees elected, KPMG ratified, say-on-pay approved
Elected Miguel M. Calado (95.44%), Cheryl A. Francis (96.80%), John R. Hartnett (98.04%), Dhanusha Sivajee (95.82%) as directors for 3-year terms.
HNI Q1 sales down 16.3% YoY, EPS $0.04 GAAP; Workplace orders up 13%
Q1 net sales $479.1M, GAAP EPS $0.04 vs $0.33 YoY; non-GAAP EPS $0.13 vs $0.33.
HSR waiting period expires for HNI's acquisition of Kimball International
Hart-Scott-Rodino waiting period expired at 11:59 p.m. ET on April 20, 2023.
HNI secures $280M unsecured term loan to fund Kimball International acquisition
$280M unsecured delayed draw term loan facility; proceeds for Kimball International merger.
HNI amends credit agreement to allow $160M borrowing for Kimball International merger
$160M of existing commitments made available for Kite Acquisition (Kimball International merger) subject to conditions.
HNI Corp to acquire Kimball International for $9.00 cash plus 0.1301 HNI shares per share
Merger consideration per Kimball share: $9.00 cash + 0.1301 HNI common shares.
HNI to acquire Kimball International for ~$485M in cash/stock; $12.90/share implied value
Total consideration $12.90/share: $9 cash + 0.1301 HNI shares; 81% premium to KBAL 30-day VWAP.
HNI Q4 non-GAAP EPS $0.63 beats $0.43 prior year; full year sales $2.36B
Q4 GAAP EPS $0.39 (up 105% YoY); non-GAAP EPS $0.63 (up 47% YoY) on sales $568.9M (down 6%).
Q3 GAAP EPS $1.51 (includes $0.50 gain from Lamex sale); non-GAAP EPS $0.71 up 65% YoY.
HNI Corporation elects Patrick D. Hallinan to Board of Directors
Patrick D. Hallinan elected to HNI Board effective September 13, 2022.
President HNI International Kurt Tjaden to retire Sep 30; separation includes $425K payment
Kurt Tjaden retires as President HNI International and SVP, effective September 30, 2022, after 14 years of service.
HNI Q2 sales $622M, EPS $0.72; lowers 2022 outlook on macro concerns
Q2 GAAP EPS $0.72 vs $0.39 YoY; non-GAAP EPS $0.52 vs $0.40 YoY; revenue $621.7M, up 21.8%.
HNI Corp corrects credit facility maturity to June 2027; $400M revolver executed
Revolving commitment reduced from $450M to $400M; option to increase by $150M retained.
HNI sells Lamex office furniture business to Kokuyo for $75M
Sale completed for $75 million in cash, subject to standard post-closing adjustments.
HNI amends credit facility: reduces revolver to $400M, extends maturity to June 2028
Revolving commitment reduced from $450M to $400M; option to increase by $150M retained.
HNI shareholders elect directors, ratify auditor, approve executive compensation at annual meeting
Proposal 1: elected Jeffrey D. Lorenger (95.70%), Larry B. Porcellato (97.12%), and Abbie J. Smith (93.29%) as directors for terms ending 2025.
On June 16, 2025, B. Brandon Bullock III was appointed Chief Operating Officer (“COO”) of HNI Corporation (the “Corporation” or “HNI”) with immediate effect (the “Effective Date”).
On October 1, 2024, the Board of Directors appointed Vincent Paul (VP) Berger II as Executive Vice President (“EVP”) and CFO, effective December 29, 2024, to succeed Mr. Bridges as the Corporation’s principal financial officer.
On September 27, 2024, Marshall H. Bridges notified HNI Corporation (the “Corporation” or “HNI”) of his decision to retire as Senior Vice President (“SVP”) and Chief Financial Officer (“CFO”), effective December 28, 2024.
On June 25, 2024, the Board of Directors of HNI Corporation (the “Corporation”) elected David Roberts as a director of the Corporation, to serve an initial term expiring at the Corporation’s 2025 annual meeting of shareholders .
the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.
the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.
the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.
the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.
the following who will remain officers of Kimball International: Kourtney Smith, Chief Operating Officer, Gregory Meunier, EVP Global Operations, Lonnie Nicholson, Chief Human Resources Officer, Michael Roch, Chief Customer Officer Workplace & Health, and Chris Robison, President of Poppin.
On September 13, 2022, the Board of Directors of HNI Corporation (the “Corporation”) elected Patrick D. Hallinan as a director of the Corporation
Kurt Tjaden informed HNI Corporation (the “Corporation”) he will retire from his position as President, HNI International, and Senior Vice President, HNI Corporation, effective September 30, 2022
Mr. Ronald V. Waters, III, notified HNI Corporation (the “Corporation”) of his decision to retire from the Board of Directors of the Corporation, effective following the Board meeting on May 17, 2022.
Max materiality 1.00 · Median 0.70 · Most common event earnings