SHAREHOLDER ALERT: Weiss Law Investigates Kimball International, Inc.

NEW YORK, March 8, 2023 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Kimball International, Inc. ("Kimball" or the "Company") (NASDAQ: KBAL), in connection with the proposed acquisition of the Company by HNI Corporation (NYSE: HNI) ("HNI"). Under the terms of the merger agreement, the Company's shareholders will receive $9.00 in cash and 0.1301 shares of HNI common stock for each share of Kimball common stock owned, representing implied per-share consideration of $12.90 based upon HNI's March 7, 2023 closing price of $29.94. Upon completion of the transaction, HNI shareholders will own 90% of the combined company, while Kimball shareholders will only own 10% of the combined company. The transaction is valued at approximately $485 million.