8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)   October 6, 2014 (October 3, 2014)

KIMBALL INTERNATIONAL, INC.

________________________________________________________________________________________________________

(Exact name of registrant as specified in its charter)

Indiana	0-3279	35-0514506
(State or other jurisdiction of	(Commission File	(IRS Employer Identification No.)
incorporation)	Number)

1600 Royal Street, Jasper, Indiana	47549-1001
(Address of principal executive offices)	(Zip Code)

Registrant's telephone number, including area code   (812) 482-1600

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On October 3, 2014, the Board of Directors (the “Board”) of Kimball International, Inc. (the “Company”), in connection with the spin-off of the Company’s electronic manufacturing services (“EMS”) business, declared a pro rata distribution to its existing shareholders of all the common stock of Kimball Electronics, Inc., which will hold the EMS business after the spin-off. The Company will distribute Kimball Electronics, Inc. common stock at 5:00 p.m., New York Time, on October 31, 2014 to the Company’s shareholders of record as of 5:00 p.m., New York Time, on October 22, 2014 (the “Record Date”). Each shareholder of the Company will receive a distribution of three shares of Kimball Electronics, Inc. common stock for every four shares of the Company’s Class A or Class B common stock that it holds on the Record Date. The distribution is subject to the satisfaction of certain conditions.

The Company’s press release announcing this approval is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(d) The following exhibit is filed as part of this report:

Exhibit
Number	Description
99.1	Kimball International, Inc. Press Release dated October 6, 2014

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	KIMBALL INTERNATIONAL, INC.
By:	/s/ Robert F. Schneider
	ROBERT F. SCHNEIDER Executive Vice President, Chief Financial Officer

Date: October 6, 2014

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Kimball International, Inc. Press Release dated October 6, 2014

EX-99.1

Exhibit 99.1

KIMBALL INTERNATIONAL DECLARES SPIN-OFF DIVIDEND OF KIMBALL ELECTRONICS, INC. SHARES;

Record, Distribution Dates and Final Distribution Ratio Announced

Kimball International, Inc. (NASDAQ: KBALB) (“Kimball International”), today announced the timing and details regarding the spin-off of Kimball Electronics, Inc. from Kimball International.

The Kimball International Board of Directors has approved the final distribution ratio and declared a pro rata dividend of the outstanding shares of Kimball Electronics, Inc. common stock, which will result in the complete legal and structural separation of the two companies. The distribution is subject to the satisfaction or waiver of certain conditions.

On the distribution date of October 31, 2014, Kimball International shareholders of record as of 5:00 p.m., New York Time, October 22, 2014, the record date for the distribution, will receive three (3) shares of Kimball Electronics, Inc. common stock for every four (4) shares of Kimball International Class A or Class B common stock they hold on the record date.

Fractional shares of Kimball Electronics, Inc. common stock will not be distributed to Kimball International shareholders. Instead, the fractional shares of Kimball Electronics, Inc. common stock will be aggregated and sold in the open market, with the net proceeds distributed ratably in cash payments to the Kimball International shareholders who would otherwise receive a fractional share of Kimball Electronics, Inc. common stock.

No action or payment is required by Kimball International shareholders to receive the shares of Kimball Electronics, Inc. common stock. Shareholders who hold Kimball International common stock on the record date will receive a book-entry account statement reflecting their ownership of Kimball Electronics, Inc. common stock. Kimball Electronics, Inc. will not issue paper stock certificates. An Information Statement containing details regarding the distribution, tax implications, business and management of Kimball Electronics, Inc. following the spin-off, or a Notice of Internet Availability of Information Statement Materials containing instructions on how to access such Information Statement, will be mailed to Kimball International shareholders prior to the distribution date.

Kimball International shareholders are urged to consult with their tax and/or financial advisors with respect to the tax and investment consequences, as applicable, of the spin-off.

About Kimball International:

Recognized with a reputation for excellence, Kimball International is committed to a high performance culture that values personal and organizational commitment to quality, reliability, value, speed, and ethical behavior. Kimball employees know they are part of a corporate culture that builds success for Customers while enabling employees to share in the Company’s success through personal, professional and financial growth.

Kimball International, Inc. (NASDAQ: KBALB) is a diversified global manufacturer and marketer, providing a variety of products from its two business segments: the Furniture segment and the Electronic Manufacturing Services segment. The Furniture segment provides an extensive and growing selection of furniture for the office and hospitality industries, sold under the Company’s family of brand names: Kimball Office, National Office Furniture, and Kimball Hospitality. The Electronic Manufacturing Services segment provides engineering, manufacturing, and supply chain services which utilize common production and support capabilities to a variety of industries globally.

To learn more about Kimball International, Inc., visit the Company’s website on the Internet at: www.kimball.com

“Kimball International … We Build Success!”