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<p><b><font size="2">UNITED STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. &nbsp;20549<br>
</font>
<br>
FORM 8-K</b></p>
<p align="center"><b>CURRENT REPORT<br>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934</b></p>
<p align="center"><br>
Date of Report (Date of earliest event reported) &nbsp;&nbsp;&nbsp;<u>January 31, 2007
(January 25, 2007)</u><br>
</p>
<table border="0" cellspacing="1" width="450">
  <tr>
    <td>
    <p align="center"><b><font size="5">KIMBALL INTERNATIONAL, INC.</font></b></td>
  </tr>
  <tr>
    <td><hr SIZE="1"></td>
  </tr>
  <tr>
    <td>
    <p align="center"><font size="2">(Exact name of registrant as specified in
    its charter)</font></td>
  </tr>
</table>
<p align="center"></p>
<center>
<table cellSpacing="0" width="624" border="0">
  <tr>
    <td width="33%">&nbsp;</td>
    <td width="33%">&nbsp;</td>
    <td width="33%">&nbsp;</td>
  </tr>
  <tr>
    <td>
    <p align="center">Indiana</td>
    <td>
    <p align="center">0-3279</td>
    <td>
    <p align="center">35-0514506</td>
  </tr>
  <tr>
    <td>
    <p align="center"></p>
    <hr width="90%" SIZE="1"></td>
    <td>
    <p align="center"></p>
    <hr width="48%" SIZE="1"></td>
    <td>
    <p align="center"></p>
    <hr width="90%" SIZE="1"></td>
  </tr>
  <tr>
    <td align="center"><font size="2">(State or other jurisdiction of</font></td>
    <td align="center"><font size="2">(Commission File</font></td>
    <td align="center"><font size="2">(IRS Employer Identification No.)</font></td>
  </tr>
  <tr>
    <td align="center"><font size="2">incorporation)</font></td>
    <td align="center"><font size="2">Number)</font></td>
    <td>&nbsp;</td>
  </tr>
</table>
<table cellSpacing="0" width="624" border="0">
  <tr>
    <td width="55%">&nbsp;</td>
    <td width="4%">&nbsp;</td>
    <td width="41%">&nbsp;</td>
  </tr>
  <tr>
    <td>
    <p align="center">&nbsp;</td>
    <td>&nbsp;</td>
    <td>
    <p align="center">&nbsp;</td>
  </tr>
  <tr>
    <td>
    <p align="center">1600 Royal Street, Jasper, Indiana</td>
    <td>&nbsp;</td>
    <td>
    <p align="center">47549-1001</td>
  </tr>
  <tr>
    <td>
    <p align="center"></p>
    <hr width="64%" SIZE="1"></td>
    <td>&nbsp;</td>
    <td>
    <p align="center"></p>
    <hr width="48%" SIZE="1"></td>
  </tr>
  <tr>
    <td align="center"><font size="2">(Address of principal executive offices)</font></td>
    <td>&nbsp;</td>
    <td align="center"><font size="2">(Zip Code)</font></td>
  </tr>
</table>
</center>
<p align="center">Registrant's telephone number, including area code &nbsp;&nbsp;<u>(812)
482-1600</u></p>
<table border="0" cellspacing="1" width="350">
  <tr>
    <td>
    <p align="center">Not Applicable</td>
  </tr>
  <tr>
    <td><hr SIZE="1"></td>
  </tr>
  <tr>
    <td>
    <p align="center"><font size="2">(Former name or former address, if changed
    since last report)</font></td>
  </tr>
</table>
</center>
<p align="left"><font size="2">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):</font></p>
<p align="left"><font size="2">[&nbsp;&nbsp; ] Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425)</font></p>
<p align="left"><font size="2">[&nbsp;&nbsp; ] Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
<p align="left"><font size="2">[&nbsp;&nbsp; ] Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
<p align="left"><font size="2">[&nbsp;&nbsp; ] Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
<p align="center">&nbsp;</p>
<p align="center">1</p>
<hr SIZE="1">
<!-- PAGE BREAK -->
<p>
<b>Item 2.01 Completion of Acquisition or Disposition of Assets<br>
</b><br>
On September 8, 2006, Kimball International, Inc. (the &quot;Company&quot;) approved a
plan to exit the production of wood rear projection (&quot;PTV&quot;) cabinets and stands,
which affected the Company's Juarez, Mexico operation. A Current Report on Form
8-K filed by the Company on September 13, 2006 reported the plan of exit and is
incorporated herein by reference. On January 25, 2007, the Company completed the
disposal of all production equipment that was located at the Juarez, Mexico facility. The equipment was sold to
various unrelated individuals for $0.6 million. The exit of the production of PTV cabinets and stands will be accounted for as discontinued operations in
conformity with Statement of Financial Accounting Standards No. 144 &quot;Accounting
for the Impairment or Disposal of Long-Lived Assets&quot; for the quarter ended
December 31, 2006. This Form 8-K is being filed to provide the pro forma financial
information required by Item 9.01(b) of Form 8-K. </p>
<p>
<br>
<b>Item 9.01 Financial Statements and Exhibits</b></p>
<p>
(b)&nbsp;&nbsp;&nbsp; Pro forma financial information </p>
<blockquote>
	<p>The unaudited pro forma financial information with respect to the
		disposition described in Item 2.01 is attached hereto as Exhibit 99.1
		and incorporated herein by reference.<br>&nbsp;</p>
</blockquote>
<p>
(d)&nbsp;&nbsp;&nbsp;&nbsp; Exhibits</p>
<table border="0" width="100%" cellspacing="0" cellpadding="0" id="table1">
	<tr>
		<td width="54" valign="top">99.1</td>
		<td>&nbsp;</td>
		<td width="1163">Unaudited Pro Forma Consolidated Balance Sheet for the
		period ended September 30, 2006 to reflect disposition of assets.
		Unaudited Pro Forma Consolidated Statements of Income for the three
		months ended September 30, 2006 and the fiscal years ended June 30,
		2006, June 30, 2005, and June 30, 2004 to reflect discontinued operations
		treatment for the exit of the production of PTV cabinets and stands.</td>
	</tr>
</table>
<p align="center">
2</p><hr size="1"><center>
<!-- PAGE BREAK -->
<p><b>SIGNATURES</b></p>
</center>
<p>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. </p>
<div align="right">
  <table cellSpacing="0" border="0" cellpadding="0">
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">&nbsp;</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">KIMBALL INTERNATIONAL, INC.</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">&nbsp;</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">&nbsp;</td>
    </tr>
    <tr>
      <td width="30">
      <p align="center">By:</td>
      <td width="300">/s/ Robert F. Schneider</td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300"><hr align="left" width="70%" SIZE="1"></td>
    </tr>
    <tr>
      <td width="30">&nbsp;</td>
      <td width="300">ROBERT F. SCHNEIDER<br>
      Executive Vice President, <br>
      Chief Financial Officer</td>
    </tr>
  </table>
</div>
<p><br>
Date: January 31, 2007</p>
<p align="center">3</p>
<hr size="1">
<!-- PAGE BREAK -->

<p align="center">
<b>EXHIBIT INDEX</b></p>
<table border="0" width="100%" cellspacing="0" cellpadding="0" id="table2">
	<tr>
		<td width="54">Exhibit</td>
		<td>&nbsp;</td>
		<td width="1171">&nbsp;</td>
	</tr>
	<tr>
		<td width="54"><u>Number</u></td>
		<td>&nbsp;</td>
		<td width="1171"> <u>Description</u></td>
	</tr>
	<tr>
		<td width="54" valign="top">99.1</td>
		<td>&nbsp;</td>
		<td width="1171">Unaudited Pro Forma Financial Information</td>
	</tr>
</table>
<p align="center">4</p>
<p align="center"></p>
<hr SIZE="1">
<!-- PAGE BREAK -->
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</html>
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{"company-data": {"conformed-name": "KIMBALL INTERNATIONAL INC", "cik": "0000055772", "assigned-sic": "2520", "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": "07566639"}, "business-address": {"street1": "1600 ROYAL ST", "city": "JASPER", "state": "IN", "zip": "47549", "phone": "8124821600"}, "mail-address": {"street1": "1600 ROYAL STREET", "city": "JASPER", "state": "IN", "zip": "47549"}, "former-company": {"former-conformed-name": "JASPER CORP", "date-changed": "19740826"}}
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)
January 31, 2007
(January 25, 2007)
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
47549-1001
(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):
[   ] 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))
1
Item 2.01 Completion of Acquisition or Disposition of Assets
On September 8, 2006, Kimball International, Inc. (the "Company") approved a
plan to exit the production of wood rear projection ("PTV") cabinets and stands,
which affected the Company's Juarez, Mexico operation. A Current Report on Form
8-K filed by the Company on September 13, 2006 reported the plan of exit and is
incorporated herein by reference. On January 25, 2007, the Company completed the
disposal of all production equipment that was located at the Juarez, Mexico facility. The equipment was sold to
various unrelated individuals for $0.6 million. The exit of the production of PTV cabinets and stands will be accounted for as discontinued operations in
conformity with Statement of Financial Accounting Standards No. 144 "Accounting
for the Impairment or Disposal of Long-Lived Assets" for the quarter ended
December 31, 2006. This Form 8-K is being filed to provide the pro forma financial
information required by Item 9.01(b) of Form 8-K.
Item 9.01 Financial Statements and Exhibits
(b)    Pro forma financial information
The unaudited pro forma financial information with respect to the
		disposition described in Item 2.01 is attached hereto as Exhibit 99.1
		and incorporated herein by reference.
(d)     Exhibits
99.1
Unaudited Pro Forma Consolidated Balance Sheet for the
		period ended September 30, 2006 to reflect disposition of assets.
		Unaudited Pro Forma Consolidated Statements of Income for the three
		months ended September 30, 2006 and the fiscal years ended June 30,
		2006, June 30, 2005, and June 30, 2004 to reflect discontinued operations
		treatment for the exit of the production of PTV cabinets and stands.
2
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/ Robert F. Schneider
ROBERT F. SCHNEIDER
Executive Vice President,
Chief Financial Officer
Date: January 31, 2007
3
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Unaudited Pro Forma Financial Information
4