kbal-20221221

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) December 21, 2022

KIMBALL INTERNATIONAL, INC.

________________________________________________________________________________________________________

(Exact name of registrant as specified in its charter)

Indiana

0-3279

35-0514506

(State or other jurisdiction of

(Commission File

(IRS Employer Identification No.)

incorporation)

Number)

1600 Royal Street

Jasper,

Indiana

47546-2256

(Address of principal executive offices)

(Zip Code)

Registrant's telephone number, including area code (812) 482-1600


Not Applicable
(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 obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ 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

Class B Common Stock, par value $0.05 per share

KBAL

The

NASDAQ

Stock Market LLC

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

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. o

Item 1.01 Entry into a Material Definitive Agreement

On December 21, 2022, Kimball International, Inc. (the “Company”) entered into a Third Amendment to Amended and Restated Credit Agreement among the Company, the lender parties thereto, JPMorgan Chase Bank, National Association, as administrative agent (“Administrative Agent”), and the guarantors named therein (the “Third Amendment”). The Third Amendment amends the Second Amended and Restated Credit Agreement, originally dated September 21, 2021 and as previously amended, by and among the Company, the lender parties thereto, the Administrative Agent, and the guarantors named thereon (the “Credit Agreement”). The Third Amendment provides, among other items, amendments to the Credit Agreement to (a) extend the maturity date of the Credit Facility from October 24, 2024 to December 21, 2025, and (b) establish SOFR as a pricing benchmark for dollar borrowings in replacement of LIBOR.

The foregoing description of the Third Amendment and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the full text of the Third Amendment, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

The information set forth under Item 1.01 of this Current Report on Form 8-K related to the Credit Agreement is incorporated by reference in this Item 2.03.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits


Exhibit
Number						Description
10.1						Third Amendment to Amended and Restated Credit Agreement By and Among Kimball International, Inc., And The Lenders Party Hereto And JPMorgan Chase Bank, National Association, As Administrative Agent, Dated As Of December 21, 2022
104						Cover Page interactive data file (embedded within the Inline XBRL document)

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.



			KIMBALL INTERNATIONAL, INC.


By:			/s/ Mark W. Johnson
			MARK W. JOHNSON Chief Legal Officer & Corporate Secretary

Date: December 22, 2022