Kimball Electronics Files 8-K with Bylaw Amendments
Ticker: KE · Form: 8-K · Filed: Sep 23, 2024 · CIK: 1606757
| Field | Detail |
|---|---|
| Company | Kimball Electronics, Inc. (KE) |
| Form Type | 8-K |
| Filed Date | Sep 23, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, financials, filing
TL;DR
Kimball Electronics filed an 8-K on 9/18/24 for bylaw changes and financials.
AI Summary
Kimball Electronics, Inc. filed an 8-K on September 18, 2024, reporting amendments to its articles of incorporation or bylaws and financial statements. The company, headquartered in Jasper, Indiana, with a fiscal year ending June 30, is involved in the manufacturing of printed circuit boards.
Why It Matters
This filing indicates potential changes in the company's governance or operational structure, which could impact its strategic direction and shareholder rights.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of corporate actions and financial information, not indicating immediate operational or financial distress.
Key Numbers
- 0630 — Fiscal Year End (Indicates the end of the company's annual financial reporting period.)
Key Players & Entities
- Kimball Electronics, Inc. (company) — Registrant
- September 18, 2024 (date) — Date of earliest event reported
- Jasper, Indiana (location) — Principal executive offices
- 3672 (sic_code) — Standard Industrial Classification for Printed Circuit Boards
FAQ
What specific amendments were made to Kimball Electronics' articles of incorporation or bylaws?
The filing indicates that amendments were made, but the specific details of these amendments are not provided in the provided text excerpt.
What is the primary business of Kimball Electronics, Inc.?
Kimball Electronics, Inc. is primarily involved in the manufacturing of printed circuit boards, as indicated by its SIC code 3672.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on September 18, 2024.
Where are Kimball Electronics, Inc.'s principal executive offices located?
Kimball Electronics, Inc.'s principal executive offices are located at 1205 Kimball Boulevard, Jasper, Indiana 47546.
What is the Commission File Number for Kimball Electronics, Inc.?
The Commission File Number for Kimball Electronics, Inc. is 001-36454.
Filing Stats: 820 words · 3 min read · ~3 pages · Grade level 11.9 · Accepted 2024-09-23 16:52:04
Filing Documents
- ke-20240918.htm (8-K) — 35KB
- exhibit32amendedandrestate.htm (EX-3.2) — 166KB
- ke-20240918_g1.jpg (GRAPHIC) — 686KB
- 0001606757-24-000044.txt ( ) — 1951KB
- ke-20240918.xsd (EX-101.SCH) — 2KB
- ke-20240918_def.xml (EX-101.DEF) — 15KB
- ke-20240918_lab.xml (EX-101.LAB) — 26KB
- ke-20240918_pre.xml (EX-101.PRE) — 15KB
- ke-20240918_htm.xml (XML) — 3KB
03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year On September 18, 2024, the Board of Directors (the "Board") of Kimball Electronics, Inc. (the "Company") amended and restated the Company's Amended and Restated By-Laws (the "By-Laws"). Through engagement with Share Owners and other stakeholders, the Company has gained valuable feedback regarding specific terms that our Share Owners and other stakeholders view as appropriate for the Company's By-Laws, allowing the Board to implement terms that provide for proxy access and Share Owner rights to call special meetings, as well as an updated director resignation policy in uncontested elections, as summarized below: Section 2.15 Proxy Access: This new section was added to allow proxy access for shareholders while limiting the potential for abuse and advancing the long-term interests of the Company and its shareholders. New Section 2.15 of the By-Laws permits a shareholder, or a group of up to 20 shareholders, owning at least three percent of the Company's outstanding stock continuously for at least three years to nominate, and include in the Company's annual meeting proxy materials, director nominees constituting up to the greater of two directors or twenty-five percent of the Board, provided that the shareholders and nominees satisfy the requirements specified in the By-Laws. Section 2.2 Special Meetings: This section was modified to include a right for record shareholders to call special meetings of the shareholders. Revised Section 2.2 of the By-Laws provides that shareholders who own at least 25% of the outstanding shares of the common stock of the Company and comply with the requirements set forth in the By-Laws may call a special meeting of shareholders. Section 2.14 Director Resignation Policy: The Company modified its majority director election standard for uncontested elections. Revised Section 2.14 of the By-Laws requires directors to provide a signed, irrevocable resignation
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits The following exhibits are filed as part of this report: Exhibit Number Description 3.2 Amended and Restated By-Laws of Kimball Electronics, Inc. 104 Cover Page Interactive Data File (formatted in Inline XBRL)
SIGNATURES
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 ELECTRONICS, INC. By: /s/ Douglas A. Hass DOUGLAS A. HASS Chief Legal & Compliance Officer, Secretary Date: September 23, 2024