HNI Corporation (NYSE:HNI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
|
Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
Lorenger to the position of President, Office Furniture, HNI
Corporation, effective June 7, 2017. Mr. Lorenger, age 52, joined
the corporation in 1998 and has held multiple executive level
positions, with broad experience in corporate and operating company
roles, in all HNI furniture markets and segments. Mr. Lorenger most
recently served as Executive Vice President, HNI Corporation;
President, HNI Contract Furniture Group.
salary for 2017 increased to $600,000. He will continue to
participate in the Corporation’s benefit and compensation programs
in which he participated prior to his promotion, including both
annual and long-term incentive opportunities, as described in the
Corporation’s 2017 Proxy Statement filed with the Securities and
Exchange Commission on March 24, 2017. Mr. Lorenger entered into an
Indemnity Agreement with the Corporation, effective>November 9,
2007, and a Change in Control Agreement, effective November 15,
2006, as amended, which will both remain in effect.
person required to be disclosed to Item 404(a) of Regulation S-K.
|
Item 7.01
|
Regulation FD Disclosure
|
appointment of Mr. Lorenger as President, Office Furniture, HNI
Corporation, is attached to this Current Report on Form 8-K as
Exhibit 99.1.
attached hereto, is furnished and shall not be treated as filed for
purposes of the Securities Exchange Act of 1934, as amended.
|
Item 9.01
|
Financial Statements and Exhibits
|
|
Exhibit No.
|
Description
|
|
|
|
|
99.1
|
Press Release dated June 7, 2017
|
About HNI Corporation (NYSE:HNI)
HNI Corporation is a provider of office furniture and hearth products. The Company manufactures and markets gas and wood burning fireplaces. It operates through two segments: office furniture and hearth products. Its office furniture segment manufactures and markets a range of metal and wood commercial and home office furniture, which includes storage products, desks, credenzas, chairs, tables, bookcases, freestanding office partitions, and panel systems and other related products. Its hearth products segment manufactures and markets a range of gas, electric, wood and biomass burning fireplaces, inserts, stoves, facings and accessories, principally for the home. Its office furniture products are sold through dealers, wholesalers and office product distributors, and are also sold directly to end user customers, and federal, state and local governments. Its hearth products are sold through dealers and distributors, as well as through the Company-owned distribution and retail outlets.
