Boothbay Fund Management LLC has acquired 24,330 shares of Steelcase Inc. (NYSE:SCS)

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8 March, 2023

According to the most recent disclosure by Steelcase INC (NYSE: SCS) with the Securities and Exchange Commission (SEC), Boothbay Fund Management LLC bought new company shares during the third quarter.

The institutional investor purchased 24,330 shares of the company’s stock for approximately $159,000 to complete the transaction.

In a separate report distributed on November 29th, Benchmark downgraded Steelcase from a “buy” recommendation to a “hold” rating.

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Two giants merge: HNI acquires Kimball for $485M

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8 March, 2023

MUSCATINE, Iowa – Office and contract furniture giant HNI Corp. has acquired Kimball, another big player in the office furniture space. The cash and stock transaction is valued at $485 million.

Under the terms of the agreement, Kimball shareholders will receive $9 in cash and 0.1301 shares of HNI common stock for each share of Kimball International common stock they own. As a result of the transaction, Kimball shareholders will own approximately 10% of the combined company.

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Cubist Systematic Strategies LLC sells La-Z-Boy Incorporated (NYSE:LZB) stock.

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8 March, 2023

The most recent 13F filing that Cubist Systematic Strategies LLC submitted with the Securities and Exchange Commission (SEC) revealed that during the third quarter, the company’s investment in La-Z-Boy Incorporated (NYSE: LZB) was reduced by 63.1%.

The business was left in possession of 134,496 shares of the company’s stock after selling 229,847 shares during the period above.

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AlphaCrest Capital Management LLC sells shares of La-Z-Boy Incorporated (NYSE:LZB)

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5 March, 2023

The most recent disclosure that AlphaCrest Capital Management LLC made to the Securities and Exchange Commission indicated that the company’s holdings in La-Z-Boy Incorporated (NYSE: LZB) were reduced by 46.1% during the third quarter of 2018.

This information was provided in response to a request from the SEC.

As a result of the fund selling 48,728 shares of the company’s stock during the quarter, the total number of shares it currently holds in its portfolio is 56,999.

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Steelcase Inc. is acquired by Axa S.A. (NYSE:SCS)

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3 March, 2023

Axa S.A. reportedly increased its ownership in Steelcase INC (NYSE: SCS) during the third quarter, as stated in the most recent report that the company has submitted to the Securities and Exchange Commission (SEC).

The institutional investor made a purchase of 45,400 shares of stock in the business services provider, and they were paid a total of approximately $296,400 to complete the transaction.

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La-Z-Boy expands its board with new member

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1 March, 2023

MONROE, Mich. — La-Z-Boy Inc. named Mark S. LaVigne to its board of directors, expanding the board to 10 members. He will serve on the board’s audit committee.

LaVigne is the president and CEO of Energizer Holdings. Also an attorney, he has expertise in corporate law, including mergers, acquisitions and securities. Energizer’s brand portfolio includes Energizer, Ray-O-Vac and Eveready batteries and portable lighting, and auto care brands such as Armor All, STP and Lexol.

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Haworth reports ‘strongest global sales performance ever’ in 2022

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27 February, 2023

HOLLAND, Mich. – Office furniture giant Haworth reported $2.5 billion in 2022 sales, a substantial 27.5% increase over 2021. According to the company, it was the “best global sales performance” in its history.

“Achieving this level of sales is an important milestone for Haworth with credit due to the entire organization and our dealer partners,” said Franco Bianchi, president and CEO of the privately owned company. “Together with our clients and suppliers, we faced a tumultuous 2022 and achieved these results with deliberate strategy, a diversified portfolio and design innovation.”

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MillerKnoll 3D Leader, La-Z-Boy Alumna Join 3D Cloud by Marxent Advisory Board

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23 February, 2023

ST. PETERSBURG, Fla., Feb. 23, 2023 /PRNewswire/ — Today 3D Cloud™ by Marxent, the 3D experience platform for furniture and home improvement, announced the appointment of Lorna Jean Marcuzzo of MillerKnoll and Gail Applin, formerly of La-Z-Boy, to the 3D Cloud by Marxent Advisory Board. The Advisory Board is comprised of industry veterans from across home improvement, contract furniture, home furnishings, and adjacent industries.

Marcuzzo, currently Senior Digital Product Manager for 3D Visualization at MillerKnoll, brings over a decade of experience in the contract furniture space with a focus on innovation. Similarly, Applin served as Director of eCommerce and Interactive Customer Experience at La-Z-Boy for nearly a decade and is presently Director of E-Commerce Strategy and Operations for Smith & Noble.

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Sales fall at office furniture giant HNI, but cost-cutting comes up big

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23 February, 2023

MUSCATINE, Iowa – Office furniture manufacturer HNI Corp. reported fourth quarter sales of $568.9 million, a 6% decline from last year.

But despite the decline, the company reported a 47% increase in earnings per share, primarily due to a major cost-cutting initiative and margin expansion strategy that began last quarter.

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