r8k92107.htm
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): September 24,
2007
HNI
Corporation
(Exact
Name of Registrant as Specified in Charter)
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Iowa
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1-14225
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42-0617510
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(State
or Other Jurisdiction
of
Incorporation)
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(Commission
File Number)
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(IRS
Employer
Identification
No.)
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408
East Second Street, P.O. Box 1109, Muscatine,
Iowa 52761-0071
(Address
of Principal Executive Offices, Including Zip Code)
Registrant's
telephone number, including area code: (563)
272-7400
N/A
(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 obligations of the registrant under any of the following
provisions (see General Instruction A.2.):
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Section
7 — Regulation FD Disclosure
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Item
7.01
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Regulation
FD Disclosure.
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On
September 24, 2007, HNI Corporation's operating subsidiary, Hearth & Home
Technologies Inc. ("HHT"), (i) entered into an agreement (the "Agreement")
to
purchase substantially all of the assets and business of Harman Stove Company
("Harman"), a privately held, domestic manufacturer and marketer of
free-standing stoves and fireplace inserts, and (ii) consented to Harman's
disclosure of the transaction to certain of Harman's trade
creditors. HHT is not related to or affiliated with Harman or its
principals. Harman is a leader in the alternative fuels segment of
the U.S. hearth industry and generates annual sales in excess of
$40,000,000. The acquisition is expected to close in the fourth
quarter of 2007, subject to satisfactory completion of closing
conditions.
Under
the
Agreement, HHT will pay consideration of $29,750,000 in cash, subject to certain
adjustments, and assume certain leases, purchase money security interests and
accruals. The Agreement also provides for a contingent future payment
by HHT to Harman should the acquired business achieve certain financial
targets. HHT will not assume any of Harman's liabilities to Harman's
general creditors.
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.
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HNI
CORPORATION |
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Date:
September 24, 2007
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By:
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/s/
Jeffrey D. Lorenger |
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Jeffrey D. Lorenger |
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Vice President, General Counsel and Secretary |
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