Steelcase SEC Filings

Dimensional Fund Advisors LP reported beneficial ownership of 5,619,726 shares of Steelcase Inc common stock, representing 4.9% of the outstanding class as of 09/30/2025. Dimensional discloses it acts as investment adviser or sub‑advisor to multiple funds that own these shares and disclaims beneficial ownership, explaining the securities are owned by the Funds while Dimensional may exercise voting or investment power on their behalf. The filing shows sole voting power over 5,517,408 shares and sole dispositive power over 5,619,726 shares. The filing certifies the holdings were acquired in the ordinary course of business and not for the purpose of changing control.

Steelcase Inc. reported interim results and company actions in its Form 10-Q for Q2 2026. The filing discloses a planned merger with HNI Corporation announced August 3, 2025, under which Steelcase shareholders may receive a mixed consideration of 0.2192 shares of HNI plus $7.20 in cash, or an all-cash or all-stock alternative, subject to automatic election adjustments and customary closing conditions. The Merger Agreement includes termination fees of $67 million (Steelcase payable) and $71 million or $134 million (HNI payable, as applicable).

The company disclosed restructuring programs across regions: Americas, International and Asia Pacific with expected incremental costs of approximately $13–$15 million (EMEA), $6–$7 million (Asia Pacific) and $10–$12 million (Americas). Year-to-date restructuring costs recorded were $21.1 million. As of August 29, 2025, Steelcase reported $447.4 million of total consolidated debt, $426.8 million of total liquidity and short-term investments fair value of $41.1 million. The year-to-date effective tax rate was 31.5% versus 26.0% in the prior year period. The filing also notes conversion of Class B shares into Class A and continuation of defined non-GAAP metrics and disclosures.

Linda K. Williams, a director of Steelcase Inc. (NYSE: SCS), reported a Section 16 Form 4 disclosing an open-market purchase on 09/10/2025. The filing shows 2,063 shares of Class A common stock were acquired, bringing her total beneficial ownership to 60,907 shares following the transaction. The report was executed via power of attorney by Liesl A. Maloney on 09/12/2025. The form does not state a per-share purchase price; the filing provides a standard explanatory note that item 1 is not applicable.

Robert C. Pew III, a director of Steelcase Inc. (NYSE: SCS), reported a purchase of 3,095 shares of Class A common stock on 09/10/2025. After the reported transaction he is shown as beneficially owning 1,868,267 shares directly. The filing also discloses 500 shares held indirectly by his wife and 2,216,114 shares held indirectly by trusts for his children for which he is co-trustee. The Form 4 was signed by Liesl A. Maloney by power of attorney on 09/12/2025. The filing contains only changes in beneficial ownership and no derivative transactions.

Jennifer C. Niemann, a director of Steelcase Inc. (NYSE: SCS), acquired 2,197 shares of Class A common stock on 09/10/2025. The Form 4 shows she directly beneficially owned 502,862 shares following the reported transaction and also reports multiple indirect holdings: 5,803 shares held by her spouse, 104,384 and 77,200 and 51,957 shares held by various trusts, 1,459,753 shares held by CRASTECOM B Limited Partnership, and 10,000 shares held by PILACON Limited Partnership. The filing notes Ms. Niemann’s roles with those trusts and partnerships and disclaims beneficial ownership of partnership-held shares except to the extent of her pecuniary interest. The Form 4 was executed by power of attorney on 09/12/2025.

Steelcase Inc. (SCS) director Kelsey Todd P. reported a purchase of Class A common stock. The Form 4 shows a non-derivative acquisition of 2,287 shares on 09/10/2025, bringing the director's beneficial ownership to 50,851 shares. The filing identifies the reporting person as a director and was signed by a power of attorney on 09/12/2025. The transaction details list the acquisition code but do not state a purchase price. No derivative transactions or additional explanations are included.

Steelcase insider acquisition recorded on Form 4: Sanjay Gupta, identified as a director of Steelcase Inc. (NYSE: SCS), reported an acquisition of 2,063 shares of Class A common stock with a transaction date of 09/10/2025. After this transaction he beneficially owns 42,341 shares in total. The filing was made individually and signed under power of attorney by Liesl A. Maloney on 09/12/2025.

The Form 4 shows no derivative transactions and lists the reporting relationship as Director. The form does not list a per-share price for the acquisition and includes the explanatory note "Not applicable."

Director Connie K. Duckworth acquired 2,063 shares of Steelcase Inc. Class A common stock on 09/10/2025, increasing her reported beneficial ownership to 133,575 shares. The transaction is a non-derivative purchase reported on a Form 4 and was signed by a power of attorney. No derivative transactions or additional securities were reported. The filing lists the reporting person as a director and indicates the Form 4 was filed by one reporting person.