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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>March 7,
2008 (March 5, 2008)</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="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"><div style="page-break-before:always"></div>
<p><b>Item 2.05.&nbsp; Costs Associated with Exit or Disposal Activities<br>
<br>
</b>In an effort to improve profitability and increase shareowner value while
remaining committed to its business model of being market driven and customer
centered, on March 5, 2008, Kimball International, Inc. (the &quot;Company&quot;) approved
a restructuring plan designed to more appropriately align its workforce in a
changing business environment. Within the Company's Electronic Manufacturing
Services (EMS) segment, the restructuring activities include realigning
engineering and technical resources closer to the customer and streamlining
administrative and sales processes. Within the Company's Furniture segment, the
restructuring activities include realigning information technology and
procurement resources closer to the customer and streamlining administrative and
sales processes to drive further synergies afforded by the recent alignment of
the sales and manufacturing functions within this segment. The plan also
includes reducing corporate personnel costs to more properly align with the
overall sales mix change within the Company. The restructuring activities will
eliminate approximately 150 full-time positions worldwide. The plan is expected
to be primarily complete by June 30, 2008 with a few activities occurring in the
first half of fiscal year 2009. <br>
<br>
Total pre-tax restructuring expenses are primarily for employee severance and
transition costs and are expected to be approximately $3.0 million, of which an
estimated 31% is related to the EMS segment, 64% to the Furniture segment and 5%
to Corporate. The Company expects to recognize a majority of these charges in
the third quarter of fiscal year 2008. Approximately 86% of the total cost is
cash expenditures. When fully implemented, the Company anticipates the total
annualized pre-tax savings resulting from this plan will approximate $12.0 to
$13.0 million. Of the savings estimate, approximately 46% is related to
activities in the EMS segment, 42% is related to activities in the Furniture
segment and 12% is related to activities in Corporate. <br>
<br>
Certain statements contained within this document are considered
&quot;forward-looking&quot; under the Private Securities Litigation Reform Act of 1995.
These statements can be identified by the use of words such as &quot;expects&quot;,
&quot;anticipates&quot;, &quot;approximately&quot; and &quot;estimates&quot;. These forward-looking statements
are subject to risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Cautionary statements regarding
risk factors that could have an effect on future performance of the Company are
contained in the Company's Annual Report on Form 10-K for the fiscal year ended
June 30, 2007.<br>
<br>
&nbsp;</p>
<p align="center">2</p>
<p align="center"></p>
<hr SIZE="1"><div style="page-break-before:always"></div><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 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: March 7, 2008</p>
<p align="center">3</p>
<hr size="1">

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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 7,
2008 (March 5, 2008)
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 2.05.  Costs Associated with Exit or Disposal Activities
In an effort to improve profitability and increase shareowner value while
remaining committed to its business model of being market driven and customer
centered, on March 5, 2008, Kimball International, Inc. (the "Company") approved
a restructuring plan designed to more appropriately align its workforce in a
changing business environment. Within the Company's Electronic Manufacturing
Services (EMS) segment, the restructuring activities include realigning
engineering and technical resources closer to the customer and streamlining
administrative and sales processes. Within the Company's Furniture segment, the
restructuring activities include realigning information technology and
procurement resources closer to the customer and streamlining administrative and
sales processes to drive further synergies afforded by the recent alignment of
the sales and manufacturing functions within this segment. The plan also
includes reducing corporate personnel costs to more properly align with the
overall sales mix change within the Company. The restructuring activities will
eliminate approximately 150 full-time positions worldwide. The plan is expected
to be primarily complete by June 30, 2008 with a few activities occurring in the
first half of fiscal year 2009.
Total pre-tax restructuring expenses are primarily for employee severance and
transition costs and are expected to be approximately $3.0 million, of which an
estimated 31% is related to the EMS segment, 64% to the Furniture segment and 5%
to Corporate. The Company expects to recognize a majority of these charges in
the third quarter of fiscal year 2008. Approximately 86% of the total cost is
cash expenditures. When fully implemented, the Company anticipates the total
annualized pre-tax savings resulting from this plan will approximate $12.0 to
$13.0 million. Of the savings estimate, approximately 46% is related to
activities in the EMS segment, 42% is related to activities in the Furniture
segment and 12% is related to activities in Corporate.
Certain statements contained within this document are considered
"forward-looking" under the Private Securities Litigation Reform Act of 1995.
These statements can be identified by the use of words such as "expects",
"anticipates", "approximately" and "estimates". These forward-looking statements
are subject to risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements. Cautionary statements regarding
risk factors that could have an effect on future performance of the Company are
contained in the Company's Annual Report on Form 10-K for the fiscal year ended
June 30, 2007.
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: March 7, 2008
3