false000105082500010508252023-10-302023-10-30



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 30, 2023
_____________________

STEELCASE INC.
(Exact name of registrant as specified in its charter)
Michigan1-1387338-0819050
(State or other jurisdiction of incorporation)(Commission File Number)
(IRS Employer Identification No.)
901 44th Street SE
Grand Rapids,Michigan49508
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code: (616247-2710

None
(Former name, former address and former fiscal year, 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):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to section 12(b) of the Act:
Title of each classTrading symbol(s)Name of each exchange on which registered
Class A Common StockSCSNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  



ITEM 8.01 Other Events.
 
On October 30, 2023, Steelcase Inc. (the "Company") entered into a stock repurchase agreement with an independent third party broker under which the broker is authorized to repurchase up to 2.0 million shares of the Company's common stock on behalf of the Company during the period from October 31, 2023 through February 23, 2024, subject to certain price, market and volume constraints specified in the agreement. The agreement was established in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The shares will be purchased pursuant to the Company's share repurchase programs in a manner consistent with applicable laws and regulations, including the provisions of the safe harbor contained in Rule 10b-18 under the Exchange Act.

The repurchases that may be made under the agreement are authorized under a $150.0 million share repurchase program approved by the Company’s Board of Directors in January 2016, of which $6.4 million currently remains available, and a $100.0 million share repurchase program approved by the Company’s Board of Directors in October 2023, all of which currently remains available.

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.
STEELCASE INC.


By: 
/s/ David C. Sylvester
David C. Sylvester
Senior Vice President, Chief Financial Officer
Date: October 30, 2023


v3.23.3
Cover Page
Oct. 30, 2023
Cover [Abstract]  
Amendment Flag false
Document Period End Date Oct. 30, 2023
Entity Central Index Key 0001050825
Entity Registrant Name STEELCASE INC
Document Type 8-K
Entity Incorporation, State or Country Code MI
Entity Address, Address Line One 901 44th Street SE
Entity Address, City or Town Grand Rapids,
Entity Address, State or Province MI
Entity Address, Postal Zip Code 49508
Entity File Number 1-13873
Entity Tax Identification Number 38-0819050
City Area Code 616
Local Phone Number 247-2710
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A Common Stock
Trading Symbol SCS
Security Exchange Name NYSE
Entity Emerging Growth Company false

Steelcase (NYSE:SCS)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Steelcase Charts.
Steelcase (NYSE:SCS)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Steelcase Charts.