Quantisnow Logo
Dashboard

SEC Form SC 13G/A filed by Kimball Electronics Inc. (Amendment)

$KE
Electrical Products
Technology
Get the next $KE alert in real time by email
SC 13G/A 1 us49428j1097_012424.txt us49428j1097_012424.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) KIMBALL ELECTRONICS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 49428J109 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 49428J109 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 2330247 (6) Shared voting power 0 (7) Sole dispositive power 2435351 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 2435351 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.8% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- KIMBALL ELECTRONICS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1205 KIMBALL BLVD. JASPER IN 47546 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ----------------------------------------------------------------------- BlackRock, Inc. 50 Hudson Yards New York, NY 10001 2(c) Citizenship: -------------------------------------------------------------------- See Item 4 of Cover Page 2(d) Title of class of securities: ------------------------------------------------------------------- Common Stock 2(e) CUSIP No.: See Cover Page Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: [ ] Broker or dealer registered under Section 15 of the Act; [ ] Bank as defined in Section 3(a)(6) of the Act; [ ] Insurance company as defined in Section 3(a)(19) of the Act; [ ] Investment company registered under Section 8 of the Investment Company Act of 1940; [ ] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); [ ] An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); [X] A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; [ ] A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Amount beneficially owned: 2435351 Percent of class 9.8% Number of shares as to which such person has: Sole power to vote or to direct the vote 2330247 Shared power to vote or to direct the vote 0 Sole power to dispose or to direct the disposition of 2435351 Shared power to dispose or to direct the disposition of 0 Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following [ ]. Item 6. Ownership of More than 5 Percent on Behalf of Another Person If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Various persons have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the common stock of KIMBALL ELECTRONICS INC. No one person's interest in the common stock of KIMBALL ELECTRONICS INC is more than five percent of the total outstanding common shares. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. See Exhibit A Item 8. Identification and Classification of Members of the Group If a group has filed this schedule pursuant to Rule 13d-1(b)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group. Item 9. Notice of Dissolution of Group Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5. Item 10. Certifications By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature. After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 24, 2024 BlackRock, Inc. Signature: Spencer Fleming ------------------------------------------- Name/Title Attorney-In-Fact The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). Exhibit A Subsidiary BlackRock Life Limited BlackRock Advisors, LLC Aperio Group, LLC BlackRock Institutional Trust Company, National Association BlackRock Asset Management Ireland Limited BlackRock Financial Management, Inc. BlackRock Japan Co., Ltd. BlackRock Asset Management Schweiz AG BlackRock Investment Management, LLC BlackRock Investment Management (UK) Limited BlackRock Asset Management Canada Limited BlackRock Fund Advisors BlackRock Fund Managers Ltd *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G. Exhibit B POWER OF ATTORNEY The undersigned, BlackRock, Inc., a corporation duly organized under the laws of the State of Delaware, United States (the "Company"), does hereby make, constitute and appoint each of Eric Andruczyk, Richard Cundiff, R. Andrew Dickson, III, Spencer Fleming, Daniel Goldmintz, Laura Hildner, Elizabeth Kogut, David Maryles, Christopher Meade, Una Neary, Charles Park, Daniel Riemer, David Rothenberg and Brenda Schulz, acting severally, as its true and lawful attorneys-in-fact, for the purpose of, from time to time, executing, in its name and on its behalf and on behalf of its direct and indirect subsidiaries, any and all documents, certificates, instruments, statements, filings, agreements and amendments (collectively, "documents") determined by such person to be necessary or appropriate to comply with ownership or control-person reporting requirements imposed by any United States or non-United States governmental or regulatory authority, including, without limitation, Schedules 13D and 13G and Forms 3, 4, 5, 13F and 13H and any amendments to any of the foregoing as may be required to be filed with the Securities and Exchange Commission, and delivering, furnishing or filing any such documents with the appropriate governmental or regulatory authority or other person, and giving and granting to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully and to all intents and purposes as the Company and/or its direct and indirect subsidiaries, as applicable, might or could do if personally present by one of its authorized signatories, hereby ratifying and confirming all that said attorney-in-fact shall lawfully do or cause to be done by virtue hereof. Any such determination by an attorney-in-fact named herein shall be conclusively evidenced by such person's execution, delivery, furnishing or filing of the applicable document. This power of attorney shall expressly revoke the power of attorney dated 2nd day of January, 2019 in respect of the subject matter hereof, shall be valid from the date hereof and shall remain in full force and effect until either revoked in writing by the Company, or, in respect of any attorney-in-fact named herein, until such person ceases to be an employee of the Company or one of its affiliates. IN WITNESS WHEREOF, the undersigned has caused this power of attorney to be executed as of this 30th day of April, 2023. BlackRock, Inc. By: /s/ R. Andrew Dickson, III Name: R. Andrew Dickson, III Title: Corporate Secretary
Get the next $KE alert in real time by email

Chat with this insight

Save time and jump to the most important pieces.

Recent Analyst Ratings for
$KE

DatePrice TargetRatingAnalyst
8/15/2024Buy → Neutral
Sidoti
10/9/2023$39.00Buy
B. Riley Securities
6/15/2023$3.40Overweight
Cantor Fitzgerald
5/11/2022$27.00Buy
Lake Street
More analyst ratings

$KE
 Press Releases

Fastest customizable press release news feed in the world

See more

  • Kimball Electronics Releases 2024 Annual Sustainability Report

    Kimball Electronics, Inc. (NASDAQ:KE) today announced the release of its 2024 Guiding Principles Report, which includes the company's annual sustainability disclosures. Themed "Strategically Focused," the Report outlines progress on environmental, social, and governance (ESG) initiatives and reflects the company's continued focus on the issues that matter most—where it can make a meaningful and lasting difference for people and the environment, while supporting long-term business success. About the Report Now in its sixth edition, the Report reflects how Kimball Electronics integrates sustainability into every area of its business, guided by its Guiding Principles: Customers, People, Citi

    $KE
    Electrical Products
    Technology

  • Kimball Electronics Reports Q2 Results, Company Updates Outlook for Fiscal Year 2025

     Second Quarter Fiscal 2025 Highlights Net sales totaled $357.4 million Operating income of $8.2 million, or 2.3% of net sales, adjusted operating income of 3.7% Inventory ended the quarter at $306 million, a reduction of $29 million from Q1, and down $182 million, or 37%, from peak levels Cash generated by operating activities of $29.5 million, the fourth consecutive quarter of positive cash flow Borrowings on credit facilities of $205 million, a $41 million decrease from the first quarter, and down $90 million, or 30%, from the beginning of the fiscal year Enhanced the capital structure by amending the credit facility with the addition of a 5-year, $100 million Term Loan

    $KE
    Electrical Products
    Technology

  • Kimball Electronics, Inc. Announces Date For Reporting Second Quarter Fiscal Year 2025 Financial Results

    Kimball Electronics, Inc. (NASDAQ:KE) today announced that it will report second quarter fiscal year 2025 financial results on Tuesday, February 4, 2025, after the closing of the market. The company will host a conference call and live webcast to review the results on Wednesday, February 5, 2025, at 10:00 a.m. Eastern Time. The telephone number to access the conference call is 877-407-8293 / +1 201-689-8349. A live webcast of the conference call can be accessed at investors.kimballelectronics.com. For those unable to participate in the live webcast, a replay will be archived at investors.kimballelectronics.com. About Kimball Electronics, Inc. Kimball Electronics is a global, mult

    $KE
    Electrical Products
    Technology

$KE
 Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

$KE
 Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

$KE
 SEC Filings

See more

$KE
 Leadership Updates

Live Leadership Updates

See more

  • PureTech Appoints Michele Holcomb, PhD, to Board of Directors

    Strategic healthcare leader brings more than 30 years of global experience to PureTech's Board following notable positions with Cardinal Health, Teva Pharmaceuticals and McKinsey & Company PureTech Health plc (NASDAQ:PRTC, LSE: PRTC))) ("PureTech" or the "Company"), a clinical-stage biotherapeutics company dedicated to changing the lives of patients with devastating diseases, today announced that Michele Holcomb, PhD, will join its board of directors as an independent non-executive director. Dr. Holcomb's appointment will take effect as of September 23, 2024. She brings more than 30 years of expertise leading global healthcare companies through strategic inflection points and preparing in

    $KE
    $PRTC
    Electrical Products
    Technology
    Biotechnology: Pharmaceutical Preparations
    Health Care

  • Averna Expands its Asian and North American Footprint with the Acquisition of Global Equipment Services, Inc. from Kimball Electronics, Inc.

    600 new employees will be based in Asia and the U.S., with offices in Vietnam, China, India, Japan and Silicon Valley. MONTREAL, Aug. 1, 2024 /PRNewswire/ - Averna, a leading global test & quality solutions provider, announced the acquisition of Global Equipment Services, Inc. (GES), a division of Kimball Electronics, Inc. (NASDAQ:KE) specialized in automation, test and measurement solutions for industries such as consumer electronics, semiconductor and medical devices. This strategic acquisition combines both companies' strengths and footprint to create one of the largest in

    $KE
    Electrical Products
    Technology

  • Kimball Electronics Announces Appointment of New Treasurer in Advance of Participating at the Stifel 2024 Cross Sector Insight Conference

    Kimball Electronics, Inc. (NASDAQ:KE) today announced that it has expanded the role of Andrew D. Regrut, Vice President, Investor Relations, to include Treasury operations. Mr. Regrut, who has led Investor Relations since March 2021, will serve as Treasurer and Investor Relations Officer effective June 1, 2024. Commenting on the organizational change, Jana T. Croom, Chief Financial Officer, stated, "I am very pleased with Andy's appointment to this expanded role. Under his leadership, our Investor Relations program has increased investor engagement and added research coverage. We look to make similar improvements in Treasury with the refinement of our capital structure to support and enab

    $KE
    Electrical Products
    Technology

$KE
 Financials

Live finance-specific insights

See more

  • Kimball Electronics Reports Q2 Results, Company Updates Outlook for Fiscal Year 2025

     Second Quarter Fiscal 2025 Highlights Net sales totaled $357.4 million Operating income of $8.2 million, or 2.3% of net sales, adjusted operating income of 3.7% Inventory ended the quarter at $306 million, a reduction of $29 million from Q1, and down $182 million, or 37%, from peak levels Cash generated by operating activities of $29.5 million, the fourth consecutive quarter of positive cash flow Borrowings on credit facilities of $205 million, a $41 million decrease from the first quarter, and down $90 million, or 30%, from the beginning of the fiscal year Enhanced the capital structure by amending the credit facility with the addition of a 5-year, $100 million Term Loan

    $KE
    Electrical Products
    Technology

  • Kimball Electronics, Inc. Announces Date For Reporting Second Quarter Fiscal Year 2025 Financial Results

    Kimball Electronics, Inc. (NASDAQ:KE) today announced that it will report second quarter fiscal year 2025 financial results on Tuesday, February 4, 2025, after the closing of the market. The company will host a conference call and live webcast to review the results on Wednesday, February 5, 2025, at 10:00 a.m. Eastern Time. The telephone number to access the conference call is 877-407-8293 / +1 201-689-8349. A live webcast of the conference call can be accessed at investors.kimballelectronics.com. For those unable to participate in the live webcast, a replay will be archived at investors.kimballelectronics.com. About Kimball Electronics, Inc. Kimball Electronics is a global, mult

    $KE
    Electrical Products
    Technology

  • Kimball Electronics Reports Q1 Results and Confirms Guidance for Fiscal Year 2025, Company Continues to Sharpen Its Strategic Focus With Closure of Its Manufacturing Facility in Tampa, FL

    First Quarter Fiscal 2025 Highlights Net sales totaled $374.3 million Operating income of $9.1 million, or 2.4% of net sales, adjusted operating income of 3.4% Cash generated by operating activities of $45.5 million, borrowings on credit facilities reduced to 2-year low Company continues to sharpen its strategic focus by completing the divestiture of the Automation, Test, and Measurement business and announcing the closure of its manufacturing facility in Tampa, FL Kimball Electronics, Inc. (NASDAQ:KE) today announced financial results for the first quarter ended September 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/ne

    $KE
    Electrical Products
    Technology

$KE
 Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more