{"url_path":"/sec/ke/8-k/2026-07-01/item-1-01","section_key":"item-1-01","section_title":"Item 1.01 Entry into a Material Definitive Agreement","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-01","source_url":"https://www.sec.gov/Archives/edgar/data/1606757/0001606757-26-000028-index.html","accession_number":"0001606757-26-000028","cik":"0001606757","ticker":"KE","issuer_name":"Kimball Electronics, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1606757/0001606757-26-000028-index.html","primary_entity_key":"0001606757","primary_entity_name":"Kimball Electronics, Inc."},"word_count":220,"has_tables":true,"body_markdown":"Item 1.01 Entry into a Material Definitive Agreement\n\nOn June 26, 2026 Kimball Electronics, Inc., acting through its related wholly-owned subsidiaries (the “Company”), entered into a definitive agreement to acquire the shares of Helvoet Polymer Technologies B.V. and Helvoet Rubber & Plastics Technologies (India) Pvt. Ltd. (collectively referred to as “Helvoet”) from Hydratec Industries N.V. (the “Seller”). The acquisition closed on July 1, 2026.\n\nThe Company paid a cash purchase price of approximately of €90 million, or approximately $103 million. The transaction price is subject to certain post-closing working capital adjustments. Approximately €1.8 million of the cash purchase price otherwise payable to the Seller at the closing will be held in an escrow account after the closing to provide security for the fulfillment of the Seller’s obligations towards the Company pursuant to the Share Purchase Agreement. The acquisition was funded with a combination of the Company’s cash and existing lines of credit. The Share Purchase Agreement contains representations, warranties, indemnification provisions, termination provisions, and other clauses and provisions usual and customary for agreements of this type.\n\nThe foregoing description of the Share Purchase Agreement does not purport to be complete and is qualified by its entirety by reference to the full text of the Share Purchase Agreement, which is attached hereto as Exhibit 2.1 and is incorporated herein by reference."}