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<p><b>SECURITIES AND EXCHANGE COMMISSION<br>
WASHINGTON, D.C. &nbsp;20549<br>
<br>
FORM 8-K</b></p>
<p align="center">CURRENT REPORT<br>
</p>
<p align="center">Pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934</p>
<p align="center"><br>
Date of Report (Date of earliest event reported) &nbsp;&nbsp;&nbsp;<u>March 14, 2003</u><br>
<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="center">1</p>
<hr SIZE="1">
<p><b>Item 9. Regulation FD Disclosure<br>
<br>
Kimball International, Inc. Announces Third Quarter Outlook</b></p>
<p align="left">Jasper, IN (March 14, 2003) - Kimball International, Inc.
(NASDAQ: KBALB) today announced its earnings outlook for its third quarter
fiscal 2003 ending March 31, 2003. <br>
<br>
Kimball International expects overall third quarter fiscal 2003 consolidated
sales to approximate the prior year level. A projected increase in sales volumes
in the Electronic Contract Assemblies segment is anticipated to be offset by
lower sales in the Furniture and Cabinets segment. Sales volumes in most major
product lines within the Furniture and Cabinets segment are projected to be
below the prior year third quarter level. <br>
<br>
The Company expects its net income for the third quarter of fiscal 2003 to be
$0.06 to $0.11 per Class B share. This estimate is inclusive of costs, including
adjustments to original cost estimates, associated with executing incremental
cost scaling actions under the Company's previously announced restructuring plan
which are projected to reduce third quarter earnings by $0.02 per share.
Excluding costs associated with executing the restructuring plan, the Company
projects its net income will be $0.08 to $0.13 per share. Net income in the
prior year third quarter, inclusive of a one-time gain of $0.22 per share on the
sale of a piano subsidiary, was $0.42 per share. Excluding the gain on the sale
of the piano subsidiary, prior year earnings totaled $0.20 per share.<br>
<br>
The Company is projecting the net income level in the Electronic Contract
Assemblies segment, exclusive of costs associated with restructuring activities,
will be above the prior year. The projected improvement is primarily due to
stronger volumes and associated improvements in operating efficiencies at select
locations. The net income level in the Furniture and Cabinets segment, exclusive
of costs associated with restructuring activities and the prior year $0.22
one-time gain on the sale of the piano subsidiary, is projected to be well below
the prior year. The projected reduction is due primarily to lower sales volumes
and an overall reduction in gross profit levels despite some benefit from the
partial completion of this segment's restructuring activities. The lower margins
are attributable in part to competitive pricing pressures, reduced operating
efficiencies at select manufacturing locations and a LIFO inventory reserve
reduction in the prior year. The prior year LIFO inventory reserve reduction,
which was associated with lower inventory levels, totaled approximately $0.02
per share on an isolated basis. <br>
<br>
Third Quarter Conference Call / Webcast<br>
Kimball International will conduct a conference call on Tuesday, April 29, 2003
following the release of its third quarter fiscal 2003 results. A webcast of the
conference call will take place simultaneously. Details of the conference call
and webcast will be released on or about April 22, 2003.<br>
<br>
Forward-Looking Statements<br>
The above third quarter fiscal 2003 earnings guidance is considered
forward-looking under the Private Securities Litigation Reform Act of 1995, and
is subject to risks and uncertainties including, but not limited to, actual
costs to complete incremental cost scaling activities in the third quarter
exceeding the estimates disclosed above, significant volume reductions from key
contract customers, loss of key customers or suppliers within specific
industries, availability or cost of raw materials, and increased competitive
pricing pressures reflecting excess industry capacities. Additional cautionary
statements regarding other risk factors that could have an effect on the future
performance of the Company are contained in the Company's Form 10-K filing for
the period ending June 30, 2002. <br>
<br>
About Kimball International, Inc. <br>
Kimball International, Inc. provides a vast array of products from its two
business segments: the Furniture and Cabinets segment and the Electronic
Contract Assemblies segment. The Furniture and Cabinets segment provides
furniture for the office, residential, lodging and healthcare industries, all
sold under the Company's family of brand names. Other products produced by
Kimball on a contract basis include store fixtures, television cabinets and
stands, residential furniture and furniture components. The Electronic Contract
Assemblies segment provides engineering and manufacturing services to a variety
of industries on a global scale. <br>
<br>
For more information about Kimball International, Inc., visit the Company's web
site on the Internet at www.kimball.com.</p>
<p align="center">&quot;We Build Success&quot;</p>
<p align="center">2</p>
<p align="center"></p>
<hr SIZE="1"><center>
<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 hereto 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<br>
      Treasurer</td>
    </tr>
  </table>
</div>
<p><br>
Date: March 14, 2003</p>
<p align="center">3</p>
<hr>

</body>

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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 14, 2003
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)
1
Item 9. Regulation FD Disclosure
Kimball International, Inc. Announces Third Quarter Outlook
Jasper, IN (March 14, 2003) - Kimball International, Inc.
(NASDAQ: KBALB) today announced its earnings outlook for its third quarter
fiscal 2003 ending March 31, 2003.
Kimball International expects overall third quarter fiscal 2003 consolidated
sales to approximate the prior year level. A projected increase in sales volumes
in the Electronic Contract Assemblies segment is anticipated to be offset by
lower sales in the Furniture and Cabinets segment. Sales volumes in most major
product lines within the Furniture and Cabinets segment are projected to be
below the prior year third quarter level.
The Company expects its net income for the third quarter of fiscal 2003 to be
$0.06 to $0.11 per Class B share. This estimate is inclusive of costs, including
adjustments to original cost estimates, associated with executing incremental
cost scaling actions under the Company's previously announced restructuring plan
which are projected to reduce third quarter earnings by $0.02 per share.
Excluding costs associated with executing the restructuring plan, the Company
projects its net income will be $0.08 to $0.13 per share. Net income in the
prior year third quarter, inclusive of a one-time gain of $0.22 per share on the
sale of a piano subsidiary, was $0.42 per share. Excluding the gain on the sale
of the piano subsidiary, prior year earnings totaled $0.20 per share.
The Company is projecting the net income level in the Electronic Contract
Assemblies segment, exclusive of costs associated with restructuring activities,
will be above the prior year. The projected improvement is primarily due to
stronger volumes and associated improvements in operating efficiencies at select
locations. The net income level in the Furniture and Cabinets segment, exclusive
of costs associated with restructuring activities and the prior year $0.22
one-time gain on the sale of the piano subsidiary, is projected to be well below
the prior year. The projected reduction is due primarily to lower sales volumes
and an overall reduction in gross profit levels despite some benefit from the
partial completion of this segment's restructuring activities. The lower margins
are attributable in part to competitive pricing pressures, reduced operating
efficiencies at select manufacturing locations and a LIFO inventory reserve
reduction in the prior year. The prior year LIFO inventory reserve reduction,
which was associated with lower inventory levels, totaled approximately $0.02
per share on an isolated basis.
Third Quarter Conference Call / Webcast
Kimball International will conduct a conference call on Tuesday, April 29, 2003
following the release of its third quarter fiscal 2003 results. A webcast of the
conference call will take place simultaneously. Details of the conference call
and webcast will be released on or about April 22, 2003.
Forward-Looking Statements
The above third quarter fiscal 2003 earnings guidance is considered
forward-looking under the Private Securities Litigation Reform Act of 1995, and
is subject to risks and uncertainties including, but not limited to, actual
costs to complete incremental cost scaling activities in the third quarter
exceeding the estimates disclosed above, significant volume reductions from key
contract customers, loss of key customers or suppliers within specific
industries, availability or cost of raw materials, and increased competitive
pricing pressures reflecting excess industry capacities. Additional cautionary
statements regarding other risk factors that could have an effect on the future
performance of the Company are contained in the Company's Form 10-K filing for
the period ending June 30, 2002.
About Kimball International, Inc.
Kimball International, Inc. provides a vast array of products from its two
business segments: the Furniture and Cabinets segment and the Electronic
Contract Assemblies segment. The Furniture and Cabinets segment provides
furniture for the office, residential, lodging and healthcare industries, all
sold under the Company's family of brand names. Other products produced by
Kimball on a contract basis include store fixtures, television cabinets and
stands, residential furniture and furniture components. The Electronic Contract
Assemblies segment provides engineering and manufacturing services to a variety
of industries on a global scale.
For more information about Kimball International, Inc., visit the Company's web
site on the Internet at www.kimball.com.
"We Build Success"
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 hereto duly authorized.
KIMBALL INTERNATIONAL, INC.
By:
/s/ Robert F. Schneider
ROBERT F. SCHNEIDER
Executive Vice President,
Chief Financial Officer
Treasurer
Date: March 14, 2003
3