HNI Management
Management criteria checks 3/4
HNI's CEO is Jeff Lorenger, appointed in Apr 2018, has a tenure of 6.08 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 $8.46M. The average tenure of the management team and the board of directors is 5.8 years and 12.9 years respectively.
Key information
Jeff Lorenger
Chief executive officer
US$7.1m
Total compensation
| CEO salary percentage | 14.4% |
| CEO tenure | 6.1yrs |
| CEO ownership | 0.4% |
| Management average tenure | 5.8yrs |
| Board average tenure | 12.9yrs |
Recent management updates
Recent updates
Is There An Opportunity With HNI Corporation's (NYSE:HNI) 46% Undervaluation?
Apr 05
HNI: Insufficient Margin Of Safety Given Its Modest Growth Outlook
Feb 05Should You Investigate HNI Corporation (NYSE:HNI) At US$42.35?
Dec 23HNI Corporation: Good Execution And End-Markets Bottoming Should Drive Outperformance
Nov 20Is HNI (NYSE:HNI) A Risky Investment?
Nov 09Is There Now An Opportunity In HNI Corporation (NYSE:HNI)?
Sep 10HNI's (NYSE:HNI) Dividend Will Be $0.32
Aug 18HNI Corporation: Dividend Trends Post Q2 Earnings Beat
Aug 17Here's Why HNI (NYSE:HNI) Can Manage Its Debt Responsibly
Aug 10Upgrade: The Latest Revenue Forecasts For HNI Corporation (NYSE:HNI)
Jun 26HNI (NYSE:HNI) Is Paying Out A Dividend Of $0.32
Jun 02HNI And Kimball Tie-Up May Be MillerKnoll 2.0
May 31HNI (NYSE:HNI) Will Pay A Dividend Of $0.32
May 19Are Investors Undervaluing HNI Corporation (NYSE:HNI) By 46%?
Apr 27Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital
Mar 28HNI Non-GAAP EPS of $2.20, revenue of $568.9M
Feb 23HNI declares $0.32 dividend
Feb 14Is HNI (NYSE:HNI) A Risky Investment?
Feb 06An Intrinsic Calculation For HNI Corporation (NYSE:HNI) Suggests It's 45% Undervalued
Jan 09HNI: Moving To Neutral
Dec 19At US$27.39, Is HNI Corporation (NYSE:HNI) Worth Looking At Closely?
Dec 11Investors Could Be Concerned With HNI's (NYSE:HNI) Returns On Capital
Nov 11HNI declares $0.32 dividend
Nov 09HNI Non-GAAP EPS of $0.71 beats by $0.06, revenue of $598.8M misses by $43.49M
Oct 24HNI Corporation: Near-Term Headwinds, But Long-Term Prospects Look Good
Aug 29Does HNI (NYSE:HNI) Have A Healthy Balance Sheet?
Aug 28HNI declares $0.32 dividend
Aug 16An Intrinsic Calculation For HNI Corporation (NYSE:HNI) Suggests It's 34% Undervalued
Aug 15HNI's (NYSE:HNI) Returns On Capital Not Reflecting Well On The Business
Aug 03HNI FQ2 Non-GAAP EPS, revenue beats
Jul 28HNI Corporation sales Lamex office furniture business for $75M
Jul 20What Does HNI Corporation's (NYSE:HNI) Share Price Indicate?
Jul 05HNI's (NYSE:HNI) Shareholders Will Receive A Bigger Dividend Than Last Year
May 20HNI (NYSE:HNI) Seems To Use Debt Quite Sensibly
May 18HNI Corporation's Outperformance Should Continue
May 16HNI (NYSE:HNI) May Have Issues Allocating Its Capital
May 03CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 30 2024 | n/a | n/a | US$65m |
| Dec 30 2023 | US$7m | US$1m | US$49m |
| Sep 30 2023 | n/a | n/a | US$43m |
| Jul 01 2023 | n/a | n/a | US$68m |
| Apr 01 2023 | n/a | n/a | US$111m |
| Dec 31 2022 | US$6m | US$998k | US$124m |
| Oct 01 2022 | n/a | n/a | US$116m |
| Jul 02 2022 | n/a | n/a | US$72m |
| Apr 02 2022 | n/a | n/a | US$59m |
| Jan 01 2022 | US$9m | US$973k | US$60m |
| Oct 02 2021 | n/a | n/a | US$74m |
| Jul 03 2021 | n/a | n/a | US$86m |
| Apr 03 2021 | n/a | n/a | US$81m |
| Jan 02 2021 | US$5m | US$891k | US$42m |
| Sep 26 2020 | n/a | n/a | US$67m |
| Jun 27 2020 | n/a | n/a | US$82m |
| Mar 28 2020 | n/a | n/a | US$86m |
| Dec 28 2019 | US$4m | US$923k | US$111m |
| Sep 28 2019 | n/a | n/a | US$95m |
| Jun 29 2019 | n/a | n/a | US$89m |
| Mar 30 2019 | n/a | n/a | US$92m |
| Dec 29 2018 | US$3m | US$779k | US$93m |
| Sep 29 2018 | n/a | n/a | US$95m |
| Jun 30 2018 | n/a | n/a | US$92m |
| Mar 31 2018 | n/a | n/a | US$87m |
| Dec 30 2017 | US$1m | US$546k | US$90m |
Compensation vs Market: Jeff's total compensation ($USD7.10M) is about average for companies of similar size in the US market ($USD5.72M).
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 (57 yo)
6.1yrs
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
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.1yrs | US$7.10m | 0.43% $ 8.5m | |
| Senior VP & CFO | 7.3yrs | US$2.27m | 0.12% $ 2.4m | |
| Senior VP | 16.3yrs | US$1.59m | 0.12% $ 2.3m | |
| Executive VP and President of Hearth & Home Technologies | 6.3yrs | US$1.67m | 0.11% $ 2.1m | |
| President of The HON Company | 5.5yrs | US$1.58m | 0.033% $ 654.2k | |
| VP of Corporate Finance & Treasurer | no data | no data | no data | |
| VP and Chief Information & Digital Officer | 4.3yrs | no data | 0.035% $ 694.8k | |
| Vice President of Investor Relations & Corporate Development | no data | no data | no data | |
| Executive Vice President of Global Operations - Kimball International | 1.3yrs | no data | 0.0077% $ 153.6k | |
| Chief Customer Officer of Kimball International | 1.3yrs | no data | 0.0079% $ 156.3k | |
| Chief Operating Officer of Kimball International? | 1.3yrs | no data | 0.084% $ 1.7m | |
| VP & Corporate Controller | 9.3yrs | no data | no data |
5.8yrs
Average Tenure
52yo
Average Age
Experienced Management: HNI's management team is seasoned and experienced (5.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman of the Board | 6.1yrs | US$7.10m | 0.43% $ 8.5m | |
| Independent Lead Director | 19.8yrs | US$212.69k | 0.075% $ 1.5m | |
| Independent Director | 17.5yrs | US$207.60k | 0.072% $ 1.4m | |
| Independent Director | 25yrs | US$219.57k | 0.17% $ 3.4m | |
| Independent Director | 23.8yrs | US$203.65k | 0.066% $ 1.3m | |
| Independent Director | 19.8yrs | US$195.28k | 0.037% $ 726.4k | |
| Independent Director | 8.3yrs | US$218.65k | 0.067% $ 1.3m | |
| Independent Director | 7.8yrs | US$194.57k | 0.074% $ 1.5m | |
| Independent Director | 1.7yrs | US$109.84k | 0.019% $ 384.9k | |
| Independent Director | 4.8yrs | US$205.82k | 0.039% $ 776.8k |
12.9yrs
Average Tenure
62.5yo
Average Age
Experienced Board: HNI's board of directors are seasoned and experienced ( 12.9 years average tenure).