Spin-off of Kimball Electronics, Inc.

Spin-off of Kimball Electronics, Inc.


Baird served as exclusive financial advisor to Kimball International, Inc. on this transaction.


Kimball International, Inc. (“Kimball International”) (NASDAQ-GS: KBAL) recently completed the spin-off of its electronics manufacturing services business, Kimball Electronics, Inc. (“Kimball Electronics”) (NASDAQ-GS: KE) by distributing all outstanding shares of common stock of Kimball Electronics to shareholders. Kimball International distributed three shares of Kimball Electronics common stock for every four shares of Kimball International Class A or Class B common stock.

Kimball International is a leading manufacturer of furnishings under the National Office Furniture, Kimball Office and Kimball Hospitality family of brands. Kimball International’s diverse portfolio provides solutions for workplace, learning, healing and hospitality environments. Following the spin-off, Kimball International will continue to operate as a global provider of furniture products with operations in the United States, China and Vietnam. Kimball International is based in Jasper, Indiana.

Kimball Electronics is a global contract electronics manufacturing services company that specializes in durable goods electronics for the medical, automotive, industrial and public safety markets. Kimball Electronics has manufacturing operations in the United States, Mexico, Thailand, Poland and China. Kimball Electronics is based in Jasper, Indiana.

For additional information about this transaction, please contact:

Chris Cooper +1 (704) 553-6610
Paul Rogalski +1 (312) 609-4912
Lance Lange +1 (414) 765-7079
Vinay Ghai +44 207 667 8225
Spin-off of Kimball Electronics, Inc.
November 2014
Kimball International, Inc.
Target Location
North America