SCS
Steelcase Inc.16.14
+0.02+0.12%
Dec 9, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.85BP/E (TTM)
20.18Basic EPS (TTM)
0.80Dividend Yield
0.02%Recent Filings
8-K
HNI completes Steelcase acquisition
HNI Corporation completed its acquisition of Steelcase Inc. on December 10, 2025, via dual mergers, converting Steelcase shares into elected consideration: $7.20 cash plus 0.2192 HNI shares, $16.19 cash plus 0.0009 HNI shares, or 0.3940 HNI shares. Steelcase delisted from NYSE; HNI terminated Steelcase's credit agreement with no borrowings outstanding. Deal unites complementary portfolios for $5.8 billion pro forma revenue. Integration phases ahead.
8-K
Merger approval secured
Steelcase shareholders overwhelmingly approved the merger with HNI on December 5, 2025, with 99.60% of voted shares in favor, clearing a key hurdle for HNI's acquisition. The deal, signed August 3, now eyes a December 10 close pending customary conditions. Advisory pay vote failed. Integration risks loom large.
8-K
Election deadline set
Steelcase shareholders must elect merger consideration—cash, stock, or mixed—by 5:00 p.m. ET December 4, 2025, for HNI's pending acquisition announced August 3. Late filers default to mixed: 0.2192 HNI shares plus $7.20 cash per Steelcase share. Closing awaits shareholder votes. Election deadline looms.
8-K
Steelcase supplements merger disclosures
Steelcase issued supplemental disclosures to its definitive joint proxy statement/prospectus on November 25, 2025, mooting shareholder lawsuits filed November 18 in Michigan and New York courts seeking injunctions against its merger vote with HNI over alleged disclosure gaps. Steelcase denies merit in the claims but added details to BofA and Goldman Sachs fairness opinions, including updated multiples and DCF ranges. Lawsuits threaten vote delay.
8-K
Post-merger leadership changes
Steelcase announced on November 6, 2025, that CEO Sara Armbruster and Chief People Officer Donna Flynn's employment will terminate immediately after the pending HNI acquisition closes, triggering change-in-control severance under the ESP. COO Robert Krestakos leads operations through early 2026 transition, then exits with severance. Key leaders like Allan Smith and David Sylvester stay on with expanded roles. Leadership shakeup smooths merger path.
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