Kimball Electronics Inc SEC Filings

Jana T. Croom, Chief Financial Officer of Kimball Electronics, Inc. (KE), reported multiple equity transactions on 08/27/2025. Performance-based shares and restricted shares vested and were recorded as acquisitions while a portion of shares was withheld to satisfy tax obligations.

The filing shows three non-derivative entries: 11,091 shares added under code M, 18,967 shares added under code A, and 13,711 shares withheld (disposed) under code F at a withholding price of $27.97 per share. The reported beneficial ownership following those transactions is 27,068, 46,035, and 32,324 shares on the respective reporting lines. Explanations state the 11,091 and 18,967 share amounts relate to performance-based awards and restricted shares vesting, and that withheld shares satisfied tax liabilities.

Jessica L. DeLorenzo, Chief Human Resources Officer of Kimball Electronics, reported multiple equity transactions on 08/27/2025. Performance-based shares granted under the 2023 Equity Incentive Plan vested, and restricted shares vested as scheduled, resulting in acquisitions recorded at $0 per share. Separately, 5,579 shares were withheld and disposed of at $27.97 to satisfy tax withholding obligations. After these transactions the filing shows the reporting person beneficially owned 29,595 shares. Some restricted shares remain subject to future vesting through August 2028 and will lapse if employment ends for reasons other than death, disability, or retirement.

Kimball Electronics insider Douglas Hass reported equity changes tied to his compensation and tax withholding. On 08/27/2025 performance-based shares and prior restricted shares vested, adding a total of 15,746 common shares to his beneficial ownership through vesting events recorded as acquisitions at $0. The report also shows 6,842 shares disposed of at $27.97 to satisfy tax obligations, leaving the reporting person with 20,247 shares beneficially owned after that sale and 30,458 shares following other vesting-related accruals. Some restricted shares remain subject to future vesting through August 2028 and expire upon termination for reasons other than death, disability, or retirement.

Kimball Electronics insider Steven T. Korn reported multiple transactions on 08/27/2025 that changed his holdings. He gifted 3,000 shares to a charitable organization and 1,000 shares to a charitable education organization, and had 13,885 shares withheld to satisfy tax obligations. Performance-based and restricted shares vested: 11,762 performance-based shares and 11,762 previously granted restricted shares vested on that date, and an additional 20,148 performance-based shares were reported as granted/awarded. Following these transactions, Mr. Korn beneficially owned 125,010 shares directly, with 15,752 shares held indirectly in a retirement fund. Some restricted shares remain subject to future vesting schedules and forfeiture conditions if employment terminates.

Richard D. Phillips, CEO and director of Kimball Electronics, reported equity changes dated 08/27/2025. Performance-based and restricted shares vested on that date after certification by the Talent, Culture, and Compensation Committee. The filing shows 24,307 performance-based shares vested and were acquired, and an additional 49,936 restricted shares recorded as acquired (with a portion subject to future vesting schedules). To satisfy tax obligations, 49,474 shares were withheld/disposed at a price of $27.97 per share. The report lists beneficial ownership totals following the transactions on several lines: 36,134 shares, 127,285 shares, and 77,811 shares, corresponding to different grant types and holdings. The filing also notes future vesting tranches for restricted shares in 2026–2028 and expiration conditions if employment terminates for reasons other than death, disability, or retirement.

Kimball Electronics (KE) insider Kathy R. Thomson reported equity activity on 08/27/2025 related to vested performance and restricted shares under the 2023 Equity Incentive Plan. 6,654 performance-based shares vested at $0 price after certification by the Talent, Culture, and Compensation Committee, and 7,929 shares were sold/withheld to satisfy tax obligations at an average price of $27.97, leaving 34,457 shares beneficially owned after that disposition. Additionally, 10,227 shares were reported as acquired (performance/award accounting) leaving 42,386 shares beneficially owned in a later line. Former restricted shares of 6,654 also vested; remaining restricted share tranches total 24,107 and vest across August 2026–2028, and they expire on termination except for death, disability, or retirement.

Kimball Electronics, Inc. (KE) reported a challenging fiscal 2025 with consolidated net sales down 13% year-over-year, driven by the loss of a major automotive program, medical customer overstocking, and divestitures in industrial markets. The company completed the sale of GES for $18.5 million of proceeds and repurchased $11.9 million of common stock under an ongoing repurchase plan that authorizes up to $120 million. Liquidity improved: as of June 30, 2025 the company reported $88.8 million in cash and $284.7 million of unused borrowing capacity under credit facilities, including a $300 million revolver and a $100 million term loan added in December 2024. Capital investments totaled $33.7 million in fiscal 2025 and capital commitments were about $35 million. The company sold $19.4 million of receivables under a new receivables purchase agreement and continues restructuring actions including closure of the Tampa facility with estimated additional pre-tax charges of $0.5 to $1.0 million.

Kimball Electronics, Inc. furnished a Form 8-K reporting that it issued an earnings release on August 13, 2025 for the fiscal fourth quarter ended June 30, 2025, and attached that release as Exhibit 99.1. The filing states the earnings release is furnished and not filed, so the content is not subject to Section 18 liability and is not incorporated by reference into other filings unless expressly stated. The 8-K also includes a Cover Page Interactive Data File in Inline XBRL as Exhibit 104. The body of this filing does not include any financial results; the earnings details are contained in the attached Exhibit 99.1. The report is signed by CFO Jana T. Croom and was submitted pursuant to Section 13 or 15(d) of the Exchange Act.