HNI Management

Management criteria checks 3/4

HNI's CEO is Jeff Lorenger, appointed in Apr 2018, has a tenure of 6.25 years. total yearly compensation is $7.10M, comprised of 14.4% salary and 85.6% bonuses, including company stock and options. directly owns 0.43% of the company’s shares, worth $9.91M. The average tenure of the management team and the board of directors is 6 years and 8.4 years respectively.

Key information

Jeff Lorenger

Chief executive officer

US$7.1m

Total compensation

CEO salary percentage14.4%
CEO tenure6.3yrs
CEO ownership0.4%
Management average tenure6yrs
Board average tenure8.4yrs

Recent management updates

Recent updates

HNI (NYSE:HNI) Seems To Use Debt Quite Sensibly

May 11
HNI (NYSE:HNI) Seems To Use Debt Quite Sensibly

Is There An Opportunity With HNI Corporation's (NYSE:HNI) 46% Undervaluation?

Apr 05
Is There An Opportunity With HNI Corporation's (NYSE:HNI) 46% Undervaluation?

HNI: Insufficient Margin Of Safety Given Its Modest Growth Outlook

Feb 05

Should You Investigate HNI Corporation (NYSE:HNI) At US$42.35?

Dec 23
Should You Investigate HNI Corporation (NYSE:HNI) At US$42.35?

HNI Corporation: Good Execution And End-Markets Bottoming Should Drive Outperformance

Nov 20

Is HNI (NYSE:HNI) A Risky Investment?

Nov 09
Is HNI (NYSE:HNI) A Risky Investment?

Is There Now An Opportunity In HNI Corporation (NYSE:HNI)?

Sep 10
Is There Now An Opportunity In HNI Corporation (NYSE:HNI)?

HNI's (NYSE:HNI) Dividend Will Be $0.32

Aug 18
HNI's (NYSE:HNI) Dividend Will Be $0.32

HNI Corporation: Dividend Trends Post Q2 Earnings Beat

Aug 17

Here's Why HNI (NYSE:HNI) Can Manage Its Debt Responsibly

Aug 10
Here's Why HNI (NYSE:HNI) Can Manage Its Debt Responsibly

Upgrade: The Latest Revenue Forecasts For HNI Corporation (NYSE:HNI)

Jun 26
Upgrade: The Latest Revenue Forecasts For HNI Corporation (NYSE:HNI)

HNI (NYSE:HNI) Is Paying Out A Dividend Of $0.32

Jun 02
HNI (NYSE:HNI) Is Paying Out A Dividend Of $0.32

HNI And Kimball Tie-Up May Be MillerKnoll 2.0

May 31

HNI (NYSE:HNI) Will Pay A Dividend Of $0.32

May 19
HNI (NYSE:HNI) Will Pay A Dividend Of $0.32

Are Investors Undervaluing HNI Corporation (NYSE:HNI) By 46%?

Apr 27
Are Investors Undervaluing HNI Corporation (NYSE:HNI) By 46%?

Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital

Mar 28
Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital

HNI Non-GAAP EPS of $2.20, revenue of $568.9M

Feb 23

HNI declares $0.32 dividend

Feb 14

Is HNI (NYSE:HNI) A Risky Investment?

Feb 06
Is HNI (NYSE:HNI) A Risky Investment?

An Intrinsic Calculation For HNI Corporation (NYSE:HNI) Suggests It's 45% Undervalued

Jan 09
An Intrinsic Calculation For HNI Corporation (NYSE:HNI) Suggests It's 45% Undervalued

HNI: Moving To Neutral

Dec 19

At US$27.39, Is HNI Corporation (NYSE:HNI) Worth Looking At Closely?

Dec 11
At US$27.39, Is HNI Corporation (NYSE:HNI) Worth Looking At Closely?

Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital

Nov 11
Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital

HNI declares $0.32 dividend

Nov 09

HNI Non-GAAP EPS of $0.71 beats by $0.06, revenue of $598.8M misses by $43.49M

Oct 24

HNI Corporation: Near-Term Headwinds, But Long-Term Prospects Look Good

Aug 29

Does HNI (NYSE:HNI) Have A Healthy Balance Sheet?

Aug 28
Does HNI (NYSE:HNI) Have A Healthy Balance Sheet?

HNI declares $0.32 dividend

Aug 16

An Intrinsic Calculation For HNI Corporation (NYSE:HNI) Suggests It's 34% Undervalued

Aug 15
An Intrinsic Calculation For HNI Corporation (NYSE:HNI) Suggests It's 34% Undervalued

HNI's (NYSE:HNI) Returns On Capital Not Reflecting Well On The Business

Aug 03
HNI's (NYSE:HNI) Returns On Capital Not Reflecting Well On The Business

HNI FQ2 Non-GAAP EPS, revenue beats

Jul 28

HNI Corporation sales Lamex office furniture business for $75M

Jul 20

What Does HNI Corporation's (NYSE:HNI) Share Price Indicate?

Jul 05
What Does HNI Corporation's (NYSE:HNI) Share Price Indicate?

HNI's (NYSE:HNI) Shareholders Will Receive A Bigger Dividend Than Last Year

May 20
HNI's (NYSE:HNI) Shareholders Will Receive A Bigger Dividend Than Last Year

HNI (NYSE:HNI) Seems To Use Debt Quite Sensibly

May 18
HNI (NYSE:HNI) Seems To Use Debt Quite Sensibly

HNI Corporation's Outperformance Should Continue

May 16

CEO Compensation Analysis

How has Jeff Lorenger's remuneration changed compared to HNI's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 30 2024n/an/a

US$65m

Dec 30 2023US$7mUS$1m

US$49m

Sep 30 2023n/an/a

US$43m

Jul 01 2023n/an/a

US$68m

Apr 01 2023n/an/a

US$111m

Dec 31 2022US$6mUS$998k

US$124m

Oct 01 2022n/an/a

US$116m

Jul 02 2022n/an/a

US$72m

Apr 02 2022n/an/a

US$59m

Jan 01 2022US$9mUS$973k

US$60m

Oct 02 2021n/an/a

US$74m

Jul 03 2021n/an/a

US$86m

Apr 03 2021n/an/a

US$81m

Jan 02 2021US$5mUS$891k

US$42m

Sep 26 2020n/an/a

US$67m

Jun 27 2020n/an/a

US$82m

Mar 28 2020n/an/a

US$86m

Dec 28 2019US$4mUS$923k

US$111m

Sep 28 2019n/an/a

US$95m

Jun 29 2019n/an/a

US$89m

Mar 30 2019n/an/a

US$92m

Dec 29 2018US$3mUS$779k

US$93m

Sep 29 2018n/an/a

US$95m

Jun 30 2018n/an/a

US$92m

Mar 31 2018n/an/a

US$87m

Dec 30 2017US$1mUS$546k

US$90m

Compensation vs Market: Jeff's total compensation ($USD7.10M) is about average for companies of similar size in the US market ($USD5.53M).

Compensation vs Earnings: Jeff's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


CEO

Jeff Lorenger (58 yo)

6.3yrs

Tenure

US$7,102,944

Compensation

Mr. Jeffrey D. Lorenger, also known as Jeff, is Chairman of the Board at HNI Corporation since February 12, 2020. He serves as Director at THOR Industries, Inc. since Febrary 1, 2024. Mr. Lorenger serves a...


Leadership Team

NamePositionTenureCompensationOwnership
Jeffrey Lorenger
Chairman of the Board6.3yrsUS$7.10m0.43%
$ 9.9m
Marshall Bridges
Senior VP & CFO7.5yrsUS$2.27m0.12%
$ 2.9m
Steven Bradford
Senior VP16.5yrsUS$1.59m0.12%
$ 2.7m
Vincent Berger
Executive VP and President of Hearth & Home Technologies6.4yrsUS$1.67m0.11%
$ 2.5m
Brandon Bullock
President of The HON Company5.7yrsUS$1.58m0.033%
$ 766.0k
Jack Herring
VP of Corporate Finance & Treasurerno datano datano data
Radhakrishna Rao
VP and Chief Information & Digital Officer4.5yrsno data0.035%
$ 813.7k
Matthew McCall
Vice President of Investor Relations & Corporate Developmentno datano datano data
Gregory Meunier
Executive Vice President of Global Operations - Kimball International1.5yrsno data0.022%
$ 511.6k
Michael Roch
Chief Customer Officer of Kimball International1.5yrsno data0.018%
$ 410.4k
Kourtney Smith
Chief Operating Officer of Kimball International?1.5yrsno data0.079%
$ 1.8m
Julie Abramowski
VP & Corporate Controller9.5yrsno datano data

6.0yrs

Average Tenure

53yo

Average Age

Experienced Management: HNI's management team is seasoned and experienced (6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Jeffrey Lorenger
Chairman of the Board6.3yrsUS$7.10m0.43%
$ 9.9m
Miguel Calado
Independent Lead Director19.9yrsUS$226.15k0.077%
$ 1.8m
Mary Bell
Independent Director17.7yrsUS$207.60k0.078%
$ 1.8m
Cheryl Francis
Independent Director25.2yrsUS$224.90k0.18%
$ 4.1m
Abbie Smith
Independent Director24yrsUS$203.65k0.072%
$ 1.7m
Larry Porcellato
Independent Director19.9yrsUS$205.22k0.037%
$ 869.5k
David Roberts
Directorless than a yearno datano data
Mary K. Jones
Independent Director8.4yrsUS$218.65k0.072%
$ 1.7m
John Hartnett
Independent Director7.9yrsUS$208.65k0.079%
$ 1.8m
Patrick Hallinan
Independent Director1.8yrsUS$203.65k0.025%
$ 581.3k
Dhanusha Sivajee
Independent Director5yrsUS$218.65k0.045%
$ 1.0m

8.4yrs

Average Tenure

63yo

Average Age

Experienced Board: HNI's board of directors are considered experienced (8.4 years average tenure).


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