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KBALB > SEC Filings for KBALB > Form 8-K on 3-Jan-2014All Recent SEC Filings




Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(d) Kimball International Inc. (the "Company") today announced plans for a new appointment to the Company's Board of Directors (the "Board"). On January 2, 2014, Timothy Jahnke agreed to join the Board of the Company representing the Class A shareholders. The formal appointment will be made at the Company's next regularly scheduled board meeting on February 18, 2014.

Mr. Jahnke is President and CEO of Elkay Manufacturing Company of Oak Brook, Illinois, a $750 million private, family-owned company that manufactures and markets products for the housing, remodeling, hospitality and commercial markets. He has over thirty years of experience in management and leadership of operations in various manufacturing companies. Mr. Jahnke formerly served as Group President, Home & Family Product Group for the Newell Rubbermaid Corporation. He also has extensive international experience.

Subsequent to the formal appointment on February 18, 2014, Mr. Jahnke will serve as a Director of the Company until the next Annual Meeting of Share Owners of the Company. Mr. Jahnke has not yet been named to serve on any of the committees of the Board. All non-employee Directors of the Company receive an annual retainer of $75,000 per year for service as a Director and may elect to receive their fees in shares of Class B Common Stock of the Company. Directors also are reimbursed for travel expenses incurred in connection with Board meetings. There are no arrangements or understandings between Mr. Jahnke and any other person pursuant to which Mr. Jahnke was selected as a Director of the Company.

The Company's press release announcing the appointment of Mr. Jahnke is attached as Exhibit 99.1 and is incorporated herein by reference.

(d) Exhibits The following exhibits are filed as part of this report:

Number    Description
99.1      Press Release dated January 3, 2014

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