Steelcase (SCS) terminates SEC registration as HNI-owned subsidiary
Rhea-AI Filing Summary
Steelcase Inc. is terminating the SEC registration of its Class A common stock and 5.125% Senior Notes due 2029 and suspending its duty to file periodic reports. This follows the New York Stock Exchange filing a Form 25 on December 10, 2025 to remove Steelcase’s Class A common stock from listing and registration. The company states that Steelcase is now a wholly owned subsidiary of HNI and has fewer than 300 record holders, which allows it to file this Form 15 to end public reporting for the covered securities.
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Insights
Steelcase is ending SEC registration and reporting after its NYSE delisting and acquisition by HNI.
Steelcase Inc. is using Form 15 to terminate registration of its Class A common stock and 5.125% Senior Notes due 2029 under the Exchange Act and to suspend its obligation to file ongoing reports. This step comes after the New York Stock Exchange filed Form 25 on
The filing notes that Steelcase is a wholly owned subsidiary of HNI and has fewer than 300 record holders, which is a key threshold that permits deregistration. This indicates that public equity investors no longer hold Steelcase shares, and remaining holders are primarily tied to the listed debt security.
For investors focused on governance and transparency, the main change is that Steelcase will no longer provide standalone Exchange Act reports for these securities. Subsequent disclosures, if any, would be expected through HNI or other required communications, based on applicable rules and contractual terms.