On June 16, 2025, HNI Corporation announced the appointment of B. Brandon Bullock III as Chief Operating Officer, along with new compensation terms. Mr. Bullock, who has been with HNI for six years, will see his base salary increase from $479,000 to $526,900 annually. Additionally, his long-term incentive award target for fiscal 2025 will be raised from 100% to 125% of his base salary, effective immediately. Mr. Bullock received a prorated long-term incentive award valued at $113,430, comprised equally of restricted stock units and performance share units for the 2025-2027 performance period. He will continue to participate in HNI's various executive compensation and benefit programs.
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