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TheStreet Open House

HNI Corp's CEO Hosts Annual Shareholder Meeting (Transcript)

Stocks in this article: HNI

HNI Corp. (HNI)

Annual Shareholder Meeting Call

May 8, 2012 11:30 am ET

Executives

Stan Askren - Chairman, President & CEO

Steve Bradford - VP, General Counsel and Secretary

Analysts

Presentation

Stan Askren

Good morning. I would like to call the 2012 annual meeting to shareholders to order. Welcome to those shareholders joining us here today and those participating in the webcast. I am pleased that attending today's meeting are all of the corporation’s directors. I would like to introduce each of them to you. They will stand as I call their name. Please hold your applause until I have completed all introductions. Mary Bell, Vice President of Caterpillar leading their business, Building Construction Products division; Miguel Calado, Director and the Chief Financial Officer of Hovione; Cheryl Francis, Independent Business and Financial Advisor, Co-Chairman of the Corporate Leadership Center and the Director of Aon and Morning Star; James R. Jenkins, Senior Vice President and General Counsel, of John Deere; Dennis Martin, Director, President and Chief Executive Officer of Federal Signal and the Director of Coleman Cable; Larry Porcellato, Chief Executive Officer of The Homax Group and a Director of OMNOVA Solutions; Abbie Smith, Chaired Professor of The University of Chicago’s Booth School of Business and the Director of DFA Investment Dimensions Group, Dimensional Investment Group and Rizor; Brian Stern, Director of Starboard Capital Partners and a retired Senior Vice President of Xerox; and then Ronald Waters, III, Independent Business Consultant and retired Director and President and Chief Executive Officer of Lojack and the Director of Fortune Brands Home & Security and Ron is also currently our lead Director.

Finally I would like to introduce Gary Christensen, active with Wind Point Partners Private Equity Investments and retired President and CEO of Pella Corporation. Gary is retiring from our board at this meeting. I would like take a moment to offer a special thanks to Gary for his dedicated and long service as a director of this corporation. Gary joined our board 12 years ago and has served as our first lead director for 3 years. And Gary, last night we had an opportunity to chat with Gary and expressed our appreciation for his many years of outstanding service. Gary has had a huge impact on this corporation and on this board and has been a great friend and mentor to me as well. So Gary thank you so much for all your years, all your contributions and we wish you the best and we look forward to staying in touch and leaning on you every now and then for counsel.

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