<?xml version="1.0" ?><!--XBRL Document Created with Wdesk from Workiva--><!--Copyright 2023 Workiva--><!--r:f0572d97-b0d4-4ce2-a330-0b47592bb910,g:e5c9c0ec-8956-4dc1-b6e2-536d0626bb24,d:2c2e0d58951a40e3a8932ffef0d137ee--><html xmlns:ixt="http://www.xbrl.org/inlineXBRL/transformation/2020-02-12" xmlns:dei="http://xbrl.sec.gov/dei/2022" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:ix="http://www.xbrl.org/2013/inlineXBRL" xmlns:ixt-sec="http://www.sec.gov/inlineXBRL/transformation/2015-08-31" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xmlns="http://www.w3.org/1999/xhtml" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:link="http://www.xbrl.org/2003/linkbase" xml:lang="en-US"><head><meta http-equiv="Content-Type" content="text/html"/>


<title>kbal-20230307</title></head><body><div style="display:none"><ix:header><ix:hidden><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityCentralIndexKey" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV80L2ZyYWc6YzU3NzIyNTc1YjMyNDdmZDg3MjVlMzY0Y2FiN2YxNDEvdGFibGU6ZTIwNzExZjlkYjU5NDYyODg5N2VmNDNjNWFlMjNmMDUvdGFibGVyYW5nZTplMjA3MTFmOWRiNTk0NjI4ODk3ZWY0M2M1YWUyM2YwNV8wLTEtMS0xLTk2ODAz_cf76299d-270d-4b23-92ee-5c8e1fd00fc5">0000055772</ix:nonNumeric><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:AmendmentFlag" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV80L2ZyYWc6YzU3NzIyNTc1YjMyNDdmZDg3MjVlMzY0Y2FiN2YxNDEvdGFibGU6ZTIwNzExZjlkYjU5NDYyODg5N2VmNDNjNWFlMjNmMDUvdGFibGVyYW5nZTplMjA3MTFmOWRiNTk0NjI4ODk3ZWY0M2M1YWUyM2YwNV80LTEtMS0xLTk2ODAz_c7da8ef0-3098-4e8c-a05d-13792ec2a91e">false</ix:nonNumeric></ix:hidden><ix:references xml:lang="en-US"><link:schemaRef xlink:type="simple" xlink:href="kbal-20230307.xsd"></link:schemaRef></ix:references><ix:resources><xbrli:context id="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307"><xbrli:entity><xbrli:identifier scheme="http://www.sec.gov/CIK">0000055772</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2023-03-07</xbrli:startDate><xbrli:endDate>2023-03-07</xbrli:endDate></xbrli:period></xbrli:context></ix:resources></ix:header></div><div id="i2c2e0d58951a40e3a8932ffef0d137ee_1"></div><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">UNITED STATES</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SECURITIES AND EXCHANGE COMMISSION</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">WASHINGTON, D.C. &#160;20549</span></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">FORM <ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:DocumentType" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8zMTk4_12d7dbb0-e533-4514-9b8b-200afa5f226a">8-K</ix:nonNumeric></span></div><div style="margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">CURRENT REPORT</span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Date of Report (Date of earliest event reported) March 8, 2023 (<ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:DocumentPeriodEndDate" format="ixt:date-monthname-day-year-en" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8yMjM_bc6188ea-830d-4c4d-8bc5-eaf4f72de2ca">March 7, 2023</ix:nonNumeric>)</span></div><div style="text-align:center"><span><br/></span></div><div style="text-align:center"><img src="kbal-20230307_g1.jpg" alt="kbal-20230307_g1.jpg" style="height:41px;margin-bottom:5pt;vertical-align:text-bottom;width:509px"/></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:18pt;font-weight:700;line-height:120%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityRegistrantName" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8zMTk5_e8e62d81-1f13-4fba-b579-d5cbde94d0a1">KIMBALL INTERNATIONAL, INC.</ix:nonNumeric></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:6pt;font-weight:700;line-height:120%">________________________________________________________________________________________________________</span></div><div style="margin-top:9pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:87.772%"><tr><td style="width:1.0%"></td><td style="width:32.067%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.298%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.533%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:32.069%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityIncorporationStateCountryCode" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6ZGU2NjVjNjBhMzI1NDVkNzg2OGFjZTNjMTcwNGMwZjQvdGFibGVyYW5nZTpkZTY2NWM2MGEzMjU0NWQ3ODY4YWNlM2MxNzA0YzBmNF8xLTAtMS0xLTk2ODAz_565f5af3-2e42-4b00-85f0-c06b7259c611">Indiana</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityFileNumber" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6ZGU2NjVjNjBhMzI1NDVkNzg2OGFjZTNjMTcwNGMwZjQvdGFibGVyYW5nZTpkZTY2NWM2MGEzMjU0NWQ3ODY4YWNlM2MxNzA0YzBmNF8xLTItMS0xLTk2ODAz_16d03d95-4677-4fdd-8f40-5cf0877f519d">0-3279</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityTaxIdentificationNumber" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6ZGU2NjVjNjBhMzI1NDVkNzg2OGFjZTNjMTcwNGMwZjQvdGFibGVyYW5nZTpkZTY2NWM2MGEzMjU0NWQ3ODY4YWNlM2MxNzA0YzBmNF8xLTQtMS0xLTk2ODAz_77c41b5e-9de6-498a-a7b9-d6df02b814e2">35-0514506</ix:nonNumeric></span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(State or other jurisdiction of</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Commission File</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(IRS Employer Identification No.)</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">incorporation)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Number)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr></table></div><div style="text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:65.938%"><tr><td style="width:1.0%"></td><td style="width:28.701%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.041%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.443%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.274%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityAddressAddressLine1" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6ZjNmNmFiZThlNTliNDljNGI0NTU4NGFjYjhkMjkxYWEvdGFibGVyYW5nZTpmM2Y2YWJlOGU1OWI0OWM0YjQ1NTg0YWNiOGQyOTFhYV8xLTAtMS0xLTk2ODAz_67ea5c84-d5e1-4f3d-8d44-946d5e0ca5d1">1600 Royal Street</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityAddressCityOrTown" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6ZjNmNmFiZThlNTliNDljNGI0NTU4NGFjYjhkMjkxYWEvdGFibGVyYW5nZTpmM2Y2YWJlOGU1OWI0OWM0YjQ1NTg0YWNiOGQyOTFhYV8xLTEtMS0xLTk2ODAz_5ecc82d1-ee3a-4cb0-a2a3-60827f8f2024">Jasper,</ix:nonNumeric></span></td><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityAddressStateOrProvince" format="ixt-sec:stateprovnameen" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6ZjNmNmFiZThlNTliNDljNGI0NTU4NGFjYjhkMjkxYWEvdGFibGVyYW5nZTpmM2Y2YWJlOGU1OWI0OWM0YjQ1NTg0YWNiOGQyOTFhYV8xLTItMS0xLTk2ODAz_4e470b99-4e99-4163-ae21-f4623f0c815f">Indiana</ix:nonNumeric></span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityAddressPostalZipCode" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6ZjNmNmFiZThlNTliNDljNGI0NTU4NGFjYjhkMjkxYWEvdGFibGVyYW5nZTpmM2Y2YWJlOGU1OWI0OWM0YjQ1NTg0YWNiOGQyOTFhYV8xLTQtMS0xLTk2ODAz_ffbe032c-fd59-40cb-8fec-9965ab2f5e24">47546-2256</ix:nonNumeric></span></td></tr><tr><td colspan="9" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Address of principal executive offices)</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Zip Code)</span></td></tr></table></div><div style="margin-bottom:11pt;margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Registrant's telephone number, including area code </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%;text-decoration:underline">&#160;(<ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:CityAreaCode" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl80NzM_e6a2ddae-0a6a-4d1f-a8f2-2731d400ec3c">812</ix:nonNumeric>)&#160;<ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:LocalPhoneNumber" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8zMjAw_e0037916-ba27-4ecd-b32c-4c296183dab2">482-1600</ix:nonNumeric></span></div><div style="margin-bottom:11pt;margin-top:8pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:50.655%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Not Applicable</span></td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">(Former name or former address, if changed since last report)</span></td></tr></table></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:9pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:WrittenCommunications" format="ixt:fixed-true" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl81NDk3NTU4MTcxMTE_712ee208-e77f-4b8f-b1f8-d7b5d75f793f">x</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:SolicitingMaterial" format="ixt:fixed-false" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8zMjAz_d53539b3-a3ed-4731-b93a-bb07750cb89c">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:PreCommencementTenderOffer" format="ixt:fixed-false" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8zMjA0_1f047938-7a21-48db-867a-3aecc0bd1491">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:PreCommencementIssuerTenderOffer" format="ixt:fixed-false" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8zMjA4_52dae4c2-a200-4d97-987d-afe081b4be2e">&#9744;</ix:nonNumeric></span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</span></div><div><span><br/></span></div><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Securities registered pursuant to Section 12(b) of the Act:</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:97.816%"><tr><td style="width:1.0%"></td><td style="width:40.715%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.352%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:7.977%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.870%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.586%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Title of each Class</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Trading Symbol(s)</span></td><td colspan="9" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:100%;text-decoration:underline">Name of each exchange on which registered</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:Security12bTitle" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6MzUxMzAyNzI5ZmRkNDA4MTkyYzAzM2Y0NzMxMjdlMDYvdGFibGVyYW5nZTozNTEzMDI3MjlmZGQ0MDgxOTJjMDMzZjQ3MzEyN2UwNl8xLTAtMS0xLTk2ODAz_17b5ba25-4bb1-4cf9-8a41-b5314db1105b">Class B Common Stock, par value $0.05 per share</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:TradingSymbol" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6MzUxMzAyNzI5ZmRkNDA4MTkyYzAzM2Y0NzMxMjdlMDYvdGFibGVyYW5nZTozNTEzMDI3MjlmZGQ0MDgxOTJjMDMzZjQ3MzEyN2UwNl8xLTEtMS0xLTk2ODAz_53a83a04-9bb9-4d97-a09e-b176c0863da9">KBAL</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The</span></td><td colspan="3" style="padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%"><ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:SecurityExchangeName" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGFibGU6MzUxMzAyNzI5ZmRkNDA4MTkyYzAzM2Y0NzMxMjdlMDYvdGFibGVyYW5nZTozNTEzMDI3MjlmZGQ0MDgxOTJjMDMzZjQ3MzEyN2UwNl8xLTMtMS0xLTk2ODAz_cecbaffe-aa92-4cc4-b202-8e0ec036ed6e">NASDAQ</ix:nonNumeric></span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Stock Market LLC</span></td></tr></table></div><div style="margin-top:6pt;text-align:center"><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter). </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Emerging growth company &#160;<ix:nonNumeric contextRef="ie1aafd7a5e01416395941d731d40cd91_D20230307-20230307" name="dei:EntityEmergingGrowthCompany" format="ixt:fixed-false" id="id3VybDovL2RvY3MudjEvZG9jOjJjMmUwZDU4OTUxYTQwZTNhODkzMmZmZWYwZDEzN2VlL3NlYzoyYzJlMGQ1ODk1MWE0MGUzYTg5MzJmZmVmMGQxMzdlZV8xL2ZyYWc6N2MzZTU3NjgwYWEwNDljM2E0N2MxYjViNDAzMzk4NjYvdGV4dHJlZ2lvbjo3YzNlNTc2ODBhYTA0OWMzYTQ3YzFiNWI0MDMzOTg2Nl8zMjEw_1414a977-6610-4a26-99a6-11ca87a59d1a">&#9744;</ix:nonNumeric></span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. </span><span style="color:#000000;font-family:'Wingdings',sans-serif;font-size:10pt;font-weight:400;line-height:120%">o</span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">1</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-bottom:8pt;margin-top:8pt"><span><br/></span></div><div id="i2c2e0d58951a40e3a8932ffef0d137ee_126"></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">Item 8.01 Other Events</span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">On March 8, 2023, HNI Corporation, an Iowa corporation (&#8220;HNI&#8221;) and Kimball International, Inc., an Indiana corporation (&#8220;Kimball&#8221;), issued a joint press release announcing the execution of an Agreement and Plan of Merger, dated as of March 7, 2023 (the &#8220;Merger Agreement&#8221;), by and between HNI, Kimball and Ozark Merger Sub, Inc., an Indiana corporation and wholly owned subsidiary of HNI (&#8220;Merger Sub&#8221;), pursuant to which, upon the terms and subject to the conditions set forth therein, Merger Sub will merge with and into Kimball, with Kimball continuing as the surviving entity and becoming a wholly owned subsidiary of HNI. A copy of the joint press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.</span></div><div><span><br/></span></div><div style="text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">In connection with the announcement of the Merger Agreement, Kimball and HNI intend to provide supplemental information regarding the proposed transaction in presentations to analysts and investors. The slides that will be made available in connection with the presentations are attached hereto as Exhibit 99.2 and are incorporated by reference herein.</span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div id="i2c2e0d58951a40e3a8932ffef0d137ee_7"></div><div style="-sec-extract:summary;margin-bottom:8pt;margin-top:8pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Item 9.01 Financial Statements and Exhibits</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">(d) Exhibits</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.563%"><tr><td style="width:1.0%"></td><td style="width:9.572%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.823%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:87.205%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Exhibit</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Number</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Description</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">99.1</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit991jointpressrelease.htm">Joint Press Release, dated as of March 8, 2023</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">99.2</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline"><a style="-sec-extract:exhibit;color:#0000ff;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%;text-decoration:underline" href="exhibit992hniinvestorpre.htm">Investor Presentation, dated as of March 8, 2023</a></span></div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">104</span></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">Cover Page interactive data file (embedded within the Inline XBRL document)</span></td></tr></table></div><div style="margin-bottom:8pt;margin-top:8pt"><span><br/></span></div><div id="i2c2e0d58951a40e3a8932ffef0d137ee_120"></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">FORWARD-LOOKING STATEMENTS</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">This communication contains &#8220;forward-looking statements&#8221; within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which involve inherent risks and uncertainties. Any statements about HNI&#8217;s, Kimball&#8217;s or the combined company&#8217;s plans, objectives, expectations, strategies, beliefs, or future performance or events constitute forward-looking statements. Such statements are identified as those that include words or phrases such as &#8220;believes,&#8221; &#8220;expects,&#8221; &#8220;anticipates,&#8221; &#8220;plans,&#8221; &#8220;trend,&#8221; &#8220;objective,&#8221; &#8220;continue,&#8221; or similar expressions or future or conditional verbs such as &#8220;will,&#8221; &#8220;would,&#8221; &#8220;should,&#8221; &#8220;could,&#8221; &#8220;might,&#8221; &#8220;may,&#8221; or similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time and could cause actual results to differ materially from any results, performance, or events expressed or implied by such forward-looking statements. Such forward-looking statements include but are not limited to statements about the benefits of the business combination transaction between HNI and Kimball (the &#8220;Transaction&#8221;), including future financial and operating results, the combined company&#8217;s plans, objectives, expectations and intentions, and other statements that are not historical facts.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. In addition to factors previously disclosed in HNI&#8217;s and Kimball&#8217;s reports filed with the U.S. Securities and Exchange Commission (the &#8220;SEC&#8221;) and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the occurrence of any event, change, or other circumstance that could give rise to the right of one or both of the parties to terminate the </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">definitive merger agreement between HNI and Kimball; the outcome of any legal proceedings that may be instituted against HNI or Kimball; the possibility that the Transaction does not close when expected or at all because required regulatory, shareholder, or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which HNI and Kimball operate; the ability to promptly and effectively integrate the businesses of HNI and Kimball; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of HNI&#8217;s or Kimball&#8217;s customers, employees or other business partners, including those resulting from the announcement or completion of the Transaction; the dilution caused by HNI&#8217;s issuance of additional shares of its capital stock in connection with the Transaction; the diversion of management&#8217;s attention and time from ongoing business operations and opportunities on merger-related matters; and the impact of the global COVID-19 pandemic on HNI&#8217;s or Kimball&#8217;s businesses, the ability to complete the Transaction or any of the other foregoing risks.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">These factors are not necessarily all of the factors that could cause HNI&#8217;s, Kimball&#8217;s or the combined company&#8217;s actual results, performance, or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other unknown or unpredictable factors also could harm HNI&#8217;s, Kimball&#8217;s or the combined company&#8217;s results.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">All forward-looking statements attributable to HNI, Kimball, or the combined company, or persons acting on HNI&#8217;s or Kimball&#8217;s behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and HNI and Kimball do not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If HNI or Kimball update one or more forward-looking statements, no inference should be drawn that HNI or Kimball will make additional updates with respect to those or other forward-looking statements. Further information regarding HNI, Kimball and factors which could affect the forward-looking statements contained herein can be found in HNI&#8217;s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its other filings with the SEC, and in Kimball&#8217;s Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its other filings with the SEC.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">NO OFFER OR SOLICITATION</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">This communication is for informational purposes only and is not an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">In connection with the Transaction, HNI will file with the SEC a Registration Statement on Form S-4 to register the shares of HNI capital stock to be issued in connection with the Transaction. The Registration Statement will include a proxy statement of Kimball that also constitutes a prospectus of HNI. The </span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">3</span></div></div></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">definitive joint proxy statement/prospectus will be sent to the shareholders of Kimball seeking their approval of the Transaction and other related matters.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE JOINT PROXY STATEMENT/PROSPECTUS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING HNI, KIMBALL, THE TRANSACTION AND RELATED MATTERS.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by HNI or Kimball through the website maintained by the SEC at http://www.sec.gov or from HNI at its website, www.hnicorp.com, or from Kimball at its website, www.kimballinternational.com.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:112%">PARTICIPANTS IN THE SOLICITATION</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:112%">HNI, Kimball, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Kimball in connection with the Transaction under the rules of the SEC. Information about the interests of the directors and executive officers of HNI and Kimball and other persons who may be deemed to be participants in the solicitation of shareholders of Kimball in connection with the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the joint proxy statement/prospectus related to the Transaction, which will be filed with the SEC. Additional information about HNI, the directors and executive officers of HNI and their ownership of HNI common stock is also set forth in the definitive proxy statement for HNI&#8217;s 2022 Annual Meeting of Shareholders, as filed with the SEC on Schedule 14A on April 1, 2022, and other documents subsequently filed by HNI with the SEC. Additional information about Kimball, the directors and executive officers of Kimball and their ownership of Kimball common stock can also be found in Kimball&#8217;s definitive proxy statement in connection with its 2022 Annual Meeting of Shareholders, as filed with the SEC on September 7, 2022, and other documents subsequently filed by Kimball with the SEC. Free copies of these documents may be obtained as described above.</span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">4</span></div></div></div><div id="i2c2e0d58951a40e3a8932ffef0d137ee_10"></div><hr style="page-break-after:always"/><div style="min-height:42.75pt;width:100%"><div><span><br/></span></div><div><span><br/></span></div></div><div style="margin-bottom:8pt;margin-top:8pt;text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:120%">SIGNATURES</span></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</span><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:48.471%"><tr><td style="width:1.0%"></td><td style="width:10.912%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:86.888%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">KIMBALL INTERNATIONAL, INC.</span></td></tr><tr style="height:17pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">By:</span></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">/s/ Mark W. Johnson</span></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">&#160;</span></td><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:100%">MARK W. JOHNSON<br/>Chief Legal Officer &amp; Corporate Secretary</span></td></tr></table></div><div style="margin-bottom:8pt;margin-top:8pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:400;line-height:120%">Date: March 8, 2023 </span></div><div><span><br/></span></div><div style="height:42.75pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">5</span></div></div></div></body></html>
[{"type": "8-K", "sequence": "1", "filename": "kbal-20230307.htm", "description": "KIMBALL INTERNATIONAL, INC FORM 8-K", "secsgml_size_bytes": 50648}]
{"company-data": {"conformed-name": "KIMBALL INTERNATIONAL INC", "cik": "0000055772", "assigned-sic": "2510", "irs-number": "350514506", "state-of-incorporation": "IN", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-03279", "film-number": "23717074"}, "business-address": {"street1": "1600 ROYAL ST", "city": "JASPER", "state": "IN", "zip": "47546-2256", "phone": "8124821600"}, "mail-address": {"street1": "1600 ROYAL STREET", "city": "JASPER", "state": "IN", "zip": "47546-2256"}, "former-company": {"former-conformed-name": "JASPER CORP", "date-changed": "19740826"}}
kbal-20230307
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.  20549
FORM
8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 8, 2023 (
March 7, 2023
)
KIMBALL INTERNATIONAL, INC.
________________________________________________________________________________________________________
(Exact name of registrant as specified in its charter)
Indiana
0-3279
35-0514506
(State or other jurisdiction of
(Commission File
(IRS Employer Identification No.)
incorporation)
Number)
1600 Royal Street
Jasper,
Indiana
47546-2256
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code
(
812
)
482-1600
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
x
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each Class
Trading Symbol(s)
Name of each exchange on which registered
Class B Common Stock, par value $0.05 per share
KBAL
The
NASDAQ
Stock Market LLC
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
o
1
Item 8.01 Other Events
On March 8, 2023, HNI Corporation, an Iowa corporation ("HNI") and Kimball International, Inc., an Indiana corporation ("Kimball"), issued a joint press release announcing the execution of an Agreement and Plan of Merger, dated as of March 7, 2023 (the "Merger Agreement"), by and between HNI, Kimball and Ozark Merger Sub, Inc., an Indiana corporation and wholly owned subsidiary of HNI ("Merger Sub"), pursuant to which, upon the terms and subject to the conditions set forth therein, Merger Sub will merge with and into Kimball, with Kimball continuing as the surviving entity and becoming a wholly owned subsidiary of HNI. A copy of the joint press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
In connection with the announcement of the Merger Agreement, Kimball and HNI intend to provide supplemental information regarding the proposed transaction in presentations to analysts and investors. The slides that will be made available in connection with the presentations are attached hereto as Exhibit 99.2 and are incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number
Description
99.1
Joint Press Release, dated as of March 8, 2023
99.2
Investor Presentation, dated as of March 8, 2023
104
Cover Page interactive data file (embedded within the Inline XBRL document)
FORWARD-LOOKING STATEMENTS
This communication contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, which involve inherent risks and uncertainties. Any statements about HNI's, Kimball's or the combined company's plans, objectives, expectations, strategies, beliefs, or future performance or events constitute forward-looking statements. Such statements are identified as those that include words or phrases such as "believes," "expects," "anticipates," "plans," "trend," "objective," "continue," or similar expressions or future or conditional verbs such as "will," "would," "should," "could," "might," "may," or similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time and could cause actual results to differ materially from any results, performance, or events expressed or implied by such forward-looking statements. Such forward-looking statements include but are not limited to statements about the benefits of the business combination transaction between HNI and Kimball (the "Transaction"), including future financial and operating results, the combined company's plans, objectives, expectations and intentions, and other statements that are not historical facts.
These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. In addition to factors previously disclosed in HNI's and Kimball's reports filed with the U.S. Securities and Exchange Commission (the "SEC") and those identified elsewhere in this document, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the occurrence of any event, change, or other circumstance that could give rise to the right of one or both of the parties to terminate the
2
definitive merger agreement between HNI and Kimball; the outcome of any legal proceedings that may be instituted against HNI or Kimball; the possibility that the Transaction does not close when expected or at all because required regulatory, shareholder, or other approvals and other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the risk that the benefits from the Transaction may not be fully realized or may take longer to realize than expected, including as a result of changes in, or problems arising from, general economic and market conditions, interest and exchange rates, monetary policy, laws and regulations and their enforcement, and the degree of competition in the geographic and business areas in which HNI and Kimball operate; the ability to promptly and effectively integrate the businesses of HNI and Kimball; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; reputational risk and potential adverse reactions of HNI's or Kimball's customers, employees or other business partners, including those resulting from the announcement or completion of the Transaction; the dilution caused by HNI's issuance of additional shares of its capital stock in connection with the Transaction; the diversion of management's attention and time from ongoing business operations and opportunities on merger-related matters; and the impact of the global COVID-19 pandemic on HNI's or Kimball's businesses, the ability to complete the Transaction or any of the other foregoing risks.
These factors are not necessarily all of the factors that could cause HNI's, Kimball's or the combined company's actual results, performance, or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other unknown or unpredictable factors also could harm HNI's, Kimball's or the combined company's results.
All forward-looking statements attributable to HNI, Kimball, or the combined company, or persons acting on HNI's or Kimball's behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and HNI and Kimball do not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If HNI or Kimball update one or more forward-looking statements, no inference should be drawn that HNI or Kimball will make additional updates with respect to those or other forward-looking statements. Further information regarding HNI, Kimball and factors which could affect the forward-looking statements contained herein can be found in HNI's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its other filings with the SEC, and in Kimball's Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q, and its other filings with the SEC.
NO OFFER OR SOLICITATION
This communication is for informational purposes only and is not an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction pursuant to the proposed transactions or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
ADDITIONAL INFORMATION ABOUT THE TRANSACTION AND WHERE TO FIND IT
In connection with the Transaction, HNI will file with the SEC a Registration Statement on Form S-4 to register the shares of HNI capital stock to be issued in connection with the Transaction. The Registration Statement will include a proxy statement of Kimball that also constitutes a prospectus of HNI. The
3
definitive joint proxy statement/prospectus will be sent to the shareholders of Kimball seeking their approval of the Transaction and other related matters.
INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND THE JOINT PROXY STATEMENT/PROSPECTUS INCLUDED WITHIN THE REGISTRATION STATEMENT ON FORM S-4 WHEN THEY BECOME AVAILABLE, AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION OR INCORPORATED BY REFERENCE INTO THE JOINT PROXY STATEMENT/PROSPECTUS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING HNI, KIMBALL, THE TRANSACTION AND RELATED MATTERS.
Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by HNI or Kimball through the website maintained by the SEC at http://www.sec.gov or from HNI at its website, www.hnicorp.com, or from Kimball at its website, www.kimballinternational.com.
PARTICIPANTS IN THE SOLICITATION
HNI, Kimball, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Kimball in connection with the Transaction under the rules of the SEC. Information about the interests of the directors and executive officers of HNI and Kimball and other persons who may be deemed to be participants in the solicitation of shareholders of Kimball in connection with the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be included in the joint proxy statement/prospectus related to the Transaction, which will be filed with the SEC. Additional information about HNI, the directors and executive officers of HNI and their ownership of HNI common stock is also set forth in the definitive proxy statement for HNI's 2022 Annual Meeting of Shareholders, as filed with the SEC on Schedule 14A on April 1, 2022, and other documents subsequently filed by HNI with the SEC. Additional information about Kimball, the directors and executive officers of Kimball and their ownership of Kimball common stock can also be found in Kimball's definitive proxy statement in connection with its 2022 Annual Meeting of Shareholders, as filed with the SEC on September 7, 2022, and other documents subsequently filed by Kimball with the SEC. Free copies of these documents may be obtained as described above.
4
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
KIMBALL INTERNATIONAL, INC.
By:
/s/ Mark W. Johnson
MARK W. JOHNSON
Chief Legal Officer & Corporate Secretary
Date: March 8, 2023
5