HNI boosts share buyback authorization to $284.3M

HNI Corporation (HNI) disclosed that its Board of Directors approved an additional expenditure of up to $200 million for repurchases of its outstanding Common Stock under the existing share repurchase program.

Rhea-AI Filing Summary

HNI Corporation (HNI) disclosed that its Board of Directors approved an additional expenditure of up to $200 million for repurchases of its outstanding Common Stock under the existing share repurchase program. As of August 17, 2026, HNI had $84.3 million of remaining authorization under this program.

Following the Board’s action, total share repurchase authorization under the program increased to $284.3 million. The program has no expiration date, does not require HNI to repurchase any shares, and its authorization may be terminated, increased, or decreased by the Board at any time.

Positive

• Board approved an additional $200 million for share repurchases, raising total authorization to $284.3 million, which can support returns of capital to shareholders over time.

Negative

• None.

8-K Event Classification

Item 8.01 — Other Events

1 item

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Key Figures

Additional repurchase authorization: $200 million Remaining authorization before increase: $84.3 million Total repurchase authorization after increase: $284.3 million

3 metrics

Additional repurchase authorization $200 million New amount approved by HNI’s Board for share repurchases under the program

Remaining authorization before increase $84.3 million Amount remaining under HNI’s share repurchase program as of August 17, 2026, before the new approval

Total repurchase authorization after increase $284.3 million Aggregate authorization under HNI’s share repurchase program following the Board’s approval of the increase

Key Terms

share repurchase program, authorization, Emerging growth company

3 terms

share repurchase program financial

"to repurchase the Corporation’s outstanding shares of Common Stock from time to time under the Corporation’s existing share repurchase program"

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

authorization financial

"the Corporation had $84.3 million remaining authorization under the Program, bringing the total authorization to $284.3 million"

Authorization is a formal permission granted by an authority—such as a regulator, board of directors, or government—to carry out a specific activity, sell a product, or use funds. For investors, authorization matters because it often unlocks a company’s ability to generate revenue, launch products, or execute transactions; think of it like a license or green light that reduces uncertainty and can materially change a company’s prospects.

Emerging growth company regulatory

"Emerging growth company |"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What share repurchase change did HNI (HNI) announce?

HNI’s Board approved an additional $200 million for repurchases of its Common Stock under its existing share repurchase program, increasing total authorization to $284.3 million as of August 17, 2026.

What is HNI’s total share repurchase authorization after this increase?

After the increase, HNI’s total share repurchase authorization under its program is $284.3 million, combining the new $200 million authorization with the previously remaining $84.3 million as of August 17, 2026.

How much repurchase capacity did HNI (HNI) have before the new approval?

Before the new approval, HNI had $84.3 million of remaining authorization under its existing share repurchase program as of August 17, 2026.

Does HNI’s share repurchase program have an expiration date?

No. HNI states that its share repurchase program does not have an expiration date. The Board may terminate, increase, or decrease the authorization at any time.

Is HNI required to repurchase shares under this authorization?

No. HNI specifies that the program does not obligate the company to repurchase any shares; it only authorizes repurchases of up to the stated dollar amount from time to time.

Who signed HNI’s disclosure about the repurchase authorization?

The disclosure was signed on behalf of HNI by Vincent P. Berger, who is identified as Executive Vice President and Chief Financial Officer.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/20/2026 - 04:31 PM Accepted by SEC EDGAR 08/20/2026 - 04:30 PM Learn about SEC filing dates

false000004828700000482872026-08-172026-08-17

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):  August 17, 2026

HNI Corporation

(Exact name of registrant as specified in its charter)

Iowa	1-14225	42-0617510
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

600 East Second Street P. O. Box 1109 Muscatine, Iowa		52761-0071
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (563) 272-7400

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.):

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock	HNI	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of  the Exchange Act. ☐

Item 8.01 Other Events

The Board of Directors (the “Board”) of HNI Corporation (the “Corporation”) has approved the additional expenditure of up to $200 million to repurchase the Corporation’s outstanding shares of Common Stock from time to time under the Corporation’s existing share repurchase program (the “Program”).  As of August 17, 2026, the Corporation had $84.3 million remaining authorization under the Program, bringing the total authorization to $284.3 million following approval of the increase.  The Program does not have an expiration date and does not obligate the Corporation to repurchase any shares.  The authorization for the Program may be terminated, increased, or decreased by the Board at any time.

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.

			HNI CORPORATION
Date:	August 20, 2026		By:	/s/ Vincent P. Berger
				Vincent P. Berger Executive Vice President and Chief Financial Officer

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 21.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 15.7 KB