Kimball International Expects Separation Of Kimball Electronics On Oct. 31

(RTTNews) - Kimball International Inc. (KBALB) Tuesday announced the U.S. Securities and Exchange Commission declared effective the Form 10 Registration Statement filed by the company regarding its spin-off of Electronic Manufacturing Services business. Kimball now expects to complete the separation of Kimball Electronics on October 31.

The announcement follows the approval last week by the Kimball International Board of Directors of the final distribution ratio and the declaration of a pro rata dividend in the amount of three shares of Kimball Electronics common stock for every four shares of Kimball International Class A or Class B common stock.

Kimball International will continue to operate its furniture business under the Kimball brand names of Kimball Office, National Office Furniture and Kimball Hospitality.