secwatch / observer

HNI CORP — fact timeline

Source-grounded facts extracted from HNI CORP's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

HNI HNI CORP JSON
Debt Financings

HNI CORP incurred term loan of $498.75 million with Wells Fargo Bank, National Association at 1.75% for the Replacement Term Loans that are SOFR Loans and (ii) 0.75% for the maturing maturing in 2032.

“Amendment No. 3 provides for a new $498.75 million tranche of term loans maturing in 2032 (the "Replacement Term Loans"), the proceeds of which were used to refinance all outstanding Initial Tranche B Term Loans.”
Material Agreements

HNI CORP amended Amendment No. 3 to Credit Agreement with Wells Fargo Bank, National Association, as Administrative Agent valued at $498.75 million (effective 2026-06-10).

“On June 10, 2026, HNI Corporation, an Iowa corporation (“HNI”) entered into Amendment No. 3 to Credit Agreement (“Amendment No. 3”) by and among HNI, the other Credit Parties party thereto, the 2026 Refinancing Term Lenders (as defined therein), and Wells Fargo Bank, National Association, as Administrative Agent”
Shareholder Votes

HNI CORP shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2026-05-20 meeting.

“The Corporation’s shareholders approved, on an advisory basis, the compensation awarded by the Corporation to its named executive officers disclosed in the Proxy Statement, with votes as follows: For Against Abstain Broker Non-Votes 56,108,616 1,453,871 63,909 5,800,232”
Shareholder Votes

HNI CORP shareholders approved Ratification of KPMG LLP as the Corporation’s Independent Registered Public Accounting Firm for Fiscal 2026 at the 2026-05-20 meeting.

“The Corporation’s shareholders ratified the selection of KPMG LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending January 2, 2027, with votes as follows: For Against Abstain 63,007,838 370,208 48,582”
Shareholder Votes

HNI CORP shareholders approved Election of three directors: John R. Hartnett, Larry B. Porcellato, Dhanusha Sivajee at the 2026-05-20 meeting.

“The Corporation’s shareholders approved three nominees, John R. Hartnett, Larry B. Porcellato, and Dhanusha Sivajee, for election to the Board of Directors of the Corporation for a term expiring at the Corporation’s 2029 Annual Meeting of Shareholders”
Earnings Releases

HNI CORP reported first quarter ended April 4, 2026 results: revenue $1.3 billion, net income net loss of $38.8 million, EPS GAAP diluted EPS totaled $(0.55) and diluted non-GAAP EPS of $0.34.

“HNI Corporation (NYSE: HNI) today announced net sales of $1.3 billion and a net loss of $38.8 million for the first quarter ended April 4, 2026.”
Restructurings & Charges

HNI CORP announced a restructuring with charges of estimated $14.9 million in 2026 and 2027 affecting Wayland, New York, manufacturing facility; workplace furnishings business (approximately 135 members).

“HNI anticipates charges resulting from the consolidation will impact pre-tax earnings by an estimated $14.9 million in 2026 and 2027, including $5.7 million of non-cash charges.”
Material Agreements

HNI CORP entered into New HNI Indenture (5.125% Senior Secured Notes due 2029) with U.S. Bank Trust Company, National Association valued at Issued $350,979,000 in aggregate principal amount of 5.125% Senior Secured Notes due 2029 (effective 2025-12-10).

“Upon completion of the Exchange Offer, HNI issued $350,979,000 in aggregate principal amount of 5.125% Senior Secured Notes due 2029 (the “ New HNI Notes ”), issued pursuant to an indenture, dated as of December 10, 2025 (the “ New HNI Indenture ”), by and among HNI, the guarantors party thereto and U.S. Bank Trust Company, National Association, as trustee (the “ Trustee ”).”
Material Agreements

HNI CORP entered into Amendment No. 2 to Credit Agreement with Wells Fargo Bank, National Association valued at Established a term loan B facility of $500,000,000 and reduced existing term loan A from $500,000,00 (effective 2025-12-10).

“On December 10, 2025, HNI entered into Amendment No. 2 to the Credit Agreement (“ Amendment No. 2 ”), which amends the Credit Agreement (dated as of September 5, 2025, and as amended by that certain Amendment No. 1, dated as of November 5, 2025, the “ Existing Credit Agreement ”, and the Existing Credit Agreement as amended by Amendment No. 2 , the “ Credit Agreement ”) among HNI, as borrower, certain domestic subsidiaries of HNI, as guarantors, certain lenders and Wells Fargo Bank, National Association, as administrative agent.”
Debt Financings

HNI CORP amended credit facility of reduction of existing term loan A facility from $500,000,000 to $350,000,000 with lenders under Existing Credit Agreement and Wells Fargo Bank, National Association as administrative agent at unchanged per Existing Credit Agreement (not specified further) maturing unchanged per Existing Credit Agreement (not specified further).

“document the reduction of the existing term loan A facility from an aggregate principal amount of $500,000,000 to $350,000,000”

B. Brandon Bullock III was appointed as Chief Operating Officer at HNI CORP.

“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”).”

Vincent Paul (VP) Berger II was appointed as Executive Vice President and Chief Financial Officer at HNI CORP.

“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.”

Marshall H. Bridges retired as Senior Vice President and Chief Financial Officer at HNI CORP.

“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.”

David Roberts was elected as director at HNI CORP.

“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 .”
Restructurings & Charges

HNI CORP announced a restructuring with charges of $10.3 million affecting workplace furnishings business (approximately 200 production and operations members).

“secondary geographies, healthcare, and hospitality. • Resulting charges. HNI anticipates charges resulting from the consolidation will impact pre-tax earnings by an estimated $10.3 million in 2024 and 2025, including $1.5 million of non-cash charges. The following table lists the estimated composition and timing of these charges: (Dollars in millions) Time Period”
Shareholder Votes

HNI CORP shareholders approved Approval of a Share Increase Amendment to the 2017 Equity Plan for Non-Employee Directors of HNI Corporation at the 2024-05-16 meeting.

“The Corporation’s shareholders approved an amendment to the 2017 Equity Plan for Non-Employee Directors of HNI Corporation to increase the total number of shares of common stock authorized for issuance by 200,000 shares: %For 1 For Against Abstain Broker Non-Votes 94.87% 36,184,854.836 1,956,502.959 52,875.524 3,701,849.000”
Shareholder Votes

HNI CORP shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2024-05-16 meeting.

“The Corporation’s shareholders approved, on an advisory basis, the compensation awarded by the Corporation to its named executive officers disclosed in the Proxy Statement with votes as follows: %For 1 For Against Abstain Broker Non-Votes 96.53% 36,676,337.643 1,316,656.424 201,239.252 3,701,849.000”
Shareholder Votes

HNI CORP shareholders approved Ratification of KPMG LLP as the Corporation's Independent Registered Public Accounting Firm for Fiscal 2024 at the 2024-05-16 meeting.

“The Corporation’s shareholders ratified the selection of KPMG LLP as the Corporation’s independent registered public accounting firm for the fiscal year ending December 28, 2024, with votes as follows: %For 1 For Against Abstain 99.33% 41,551,173.283 281,975.938 62,933.098”
Shareholder Votes

HNI CORP shareholders approved Election of Directors at the 2024-05-16 meeting.

“The Corporation’s shareholders approved three nominees, Mary A. Bell, Mary K.W. Jones, and Patrick D. Hallinan, for election to the Board of Directors of the Corporation for a term expiring at the Corporation’s 2027 Annual Meeting of Shareholders and until their respective successors are elected and qualified, subject to their prior death, resignation, or removal, with votes as follows: Director % For 1 For Against Abstain Broker Non- Votes Mary A. Bell 90.65% 34,570,015.059 3,564,417.690 59,800.570 3,701,849.000 Mary K.W. Jones 95.97% 36,597,567.546 1,538,386.203 58,279.570 3,701,849.000 Patrick D. Hallinan 99.25% 37,853,236.713 286,378.036 54,618.570 3,701,849.000”
Earnings Releases

HNI CORP reported first quarter ended March 30, 2024 results: revenue $588.0 million, net income $17.7 million, EPS $0.37. Guidance reaffirmed.

“HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended March 30, 2024 of $588.0 million and net income of $17.7 million.”
Earnings Releases

HNI CORP reported financial results for its fourth quarter and fiscal year-ended December 30, 2023.

“On February 22, 2024 , HNI Corporation issued a press release announcing its financial results for its fourth quarter and fiscal year-ended December 30, 2023.”
Earnings Releases

HNI CORP reported third quarter ended September 30, 2023 results: revenue $711.6 million, net income $37.8 million, EPS $0.80.

“HNI Corporation (NYSE: HNI) today announced sales for the third quarter ended September 30, 2023 of $711.6 million and net income of $37.8 million. GAAP earnings per diluted share declined from $1.51 in the prior year to $0.80 in the current year”
Earnings Releases

HNI CORP reported second quarter ended July 1, 2023 results: revenue $563.5 million, net income net loss of $12.8 million, EPS ($0.30).

“HNI Corporation (NYSE: HNI) today announced sales for the second quarter ended July 1, 2023 of $563.5 million and a net loss of $12.8 million. GAAP earnings per diluted share declined from $0.72 in the prior year to ($0.30) in the current year”
M&A Transactions

HNI CORP completed an acquisition involving Kimball International, Inc. for $9.00 in cash and 0.1301 shares of HNI common stock per share (closed 2023-06-01).

“law, and (d) certain shares of Kimball Common Stock subject to long-term incentive awards (collectively, the “ Excluded Shares ”)), was converted into the right to receive (i) $9.00 in cash (the “ Cash Consideration ”) and (ii) 0.1301 of a validly issued, fully paid and nonassessable share of common stock of HNI, par value $1.00 per share (“ HNI Common Stock”

Chris Robison was appointed as President of Poppin at HNI CORP.

“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.”

Michael Roch was appointed as Chief Customer Officer Workplace & Health at HNI CORP.

“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.”

Lonnie Nicholson was appointed as Chief Human Resources Officer at HNI CORP.

“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.”

Gregory Meunier was appointed as EVP Global Operations at HNI CORP.

“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.”

Kourtney Smith was appointed as Chief Operating Officer at HNI CORP.

“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.”
Shareholder Votes

HNI CORP shareholders approved Advisory Vote on the Frequency of Future Advisory Votes on Named Executive Officer Compensation at the 2023-05-17 meeting.

“The Corporation’s shareholders approved, on an advisory basis, every year as the frequency of future advisory votes on Named Executive Officer compensation, with votes as follows: Every Year Every Two Years Every Three Years Abstain Broker Non-Vote Total 32,728,334.841 228,252.030 1,279,474 144,925 2,713,865”
Shareholder Votes

HNI CORP shareholders approved Advisory Vote to Approve Named Officer Compensation at the 2023-05-17 meeting.

“The Corporation’s shareholders approved, on an advisory basis, the compensation awarded by the Corporation to its Named Executive Officers disclosed in the Proxy Statement with votes as follows: %For 1 For Against Abstain Broker Non-Votes 97.09% 32,994,524.123 987,171.748 399,290 2,713,865”
Shareholder Votes

HNI CORP shareholders approved Ratification of KPMG LLP as the Corporation’s Independent Registered Public Accountant for Fiscal 2023 at the 2023-05-17 meeting.

“The Corporation’s shareholders ratified the selection of KPMG LLP as the Corporation’s independent registered public accountant for the fiscal year ending December 30, 2023, with votes as follows: %For 1 For Against Abstain 99.40% 36,824,430.797 223,719 46,701.074”
Shareholder Votes

HNI CORP shareholders approved Election of Directors at the 2023-05-17 meeting.

“The Corporation’s shareholders approved three nominees, Jeffrey D. Lorenger, Larry B. Porcellato, and Abbie J. Smith, for election to the Board for a term expiring at the Corporation’s 2025 Annual Meeting of Shareholders, with votes as follows: Director % For 1 For Withheld Broker Non-Votes Miguel M. Calado 95.44% 32,813,766.797 1,567,219.074 2,713,865 Cheryl A. Francis 96.80% 33,281,043.797 1,099,942.074 2,713,865 John R. Hartnett 98.04% 33,708,388.797 672,597.074 2,713,865 Dhanusha Sivajee 95.82% 32,944,251.797 1,436,734.074 2,713,865”
Earnings Releases

HNI CORP reported first quarter ended April 1, 2023 results: revenue $479.1 million, net income $1.6 million, EPS $0.04.

“HNI Corporation (NYSE: HNI) today announced sales for the first quarter ended April 1, 2023 of $479.1 million and net income of $1.6 million. GAAP net income per diluted share was $0.04”
Material Agreements

HNI CORP entered into Term Loan Credit Agreement with Wells Fargo Bank, National Association, as administrative agent, U.S. Bank National Association, as syndication agent, and Wells Fargo Bank, National Association and U.S. Bank National Association as joint lead arrangers and joint lead bookrunners valued at $280.0 million (effective 2023-03-31).

“On March 31, 2023, HNI Corporation (the "Company") entered into a Term Loan Credit Agreement, by and among the Company, the lenders from time to time party thereto, Wells Fargo Bank, National Association, as administrative agent, U.S. Bank National Association, as syndication agent, and Wells Fargo Bank, National Association and U.S. Bank National Association as joint lead arrangers and joint lead bookrunners (the "Term Loan Credit Agreement").”
Material Agreements

HNI CORP amended First Amendment to Fourth Amended and Restated Credit Agreement with Wells Fargo Bank, National Association (effective 2023-03-14).

“On March 14, 2023, HNI Corporation (“HNI” or the “Company”) entered into the First Amendment to Fourth Amended and Restated Credit Agreement (the “First Amendment"), which amends the Fourth Amended & Restated Credit Agreement (the “Existing Credit Agreement”) among the Company, as borrower, certain domestic subsidiaries of the Company, as guarantors, certain lenders and Wells Fargo Bank, National Association, as administrative agent.”
Material Agreements

HNI CORP entered into Agreement and Plan of Merger with Kimball International, Inc. (effective 2023-03-07).

“On March 7, 2023, HNI Corporation, an Iowa corporation (the “ Company ” or “ HNI ”) entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among the Company, Ozark Merger Sub, Inc., an Indiana corporation and a wholly-owned subsidiary of the Company (“ Merger Sub ”), and Kimball International, Inc., an Indiana corporation (“ Kimball ”).”
Earnings Releases

HNI CORP reported fourth quarter ended December 31, 2022 results: revenue $568.9 million, net income $16.3 million, EPS $0.39.

“Fourth quarter sales of $568.9 million were down 6 percent from year-ago levels, and fourth quarter net income was $16.3 million. GAAP net income per diluted share was $0.39”
Earnings Releases

HNI CORP reported fiscal year ended December 31, 2022 results: revenue $2.362 billion, net income $123.9 million, EPS $2.94.

“HNI Corporation (NYSE: HNI) today announced sales for the full year ended December 31, 2022 of $2.362 billion and net income of $123.9 million. GAAP net income per diluted share was $2.94”

Patrick D. Hallinan was elected as Director at HNI CORP.

“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 departed as President, HNI International, and Senior Vice President, HNI Corporation at HNI CORP.

“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”

Ronald V. Waters, III retired as Director at HNI CORP.

“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.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.