STEELCASE INC: Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities, FD Settlement Disclosure, Financial Statements and Exhibits (Form 8-K)

Section 2.02. Results of Operations and Financial Condition.

Steelcase Inc. (the “Company”) today announced its results for the second quarter of fiscal 2023 and provides the earnings release as Exhibit 99.1 attached. Members of the public are invited to listen to the Company’s webcast conference call at September 22, 2022at 8:30 a.m. Eastern Time via the link on ir.steelcase.com. A replay of the webcast will also be available on the Company’s website.

Information provided pursuant to this Section 2.02 and Section 7.01 of this Current Report on Form 8-K (including the attachment) shall not be deemed “filed” under the Securities Exchange Act of 1934, as as amended nor incorporated by reference in any future documents filed by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly states in such future filing that such information shall be deemed “filed” or incorporated by reference therein.

Section 2.05. Costs associated with exit or disposal activities.

On September 21, 2022the company’s board of directors has authorized a series of actions in response to the company’s recent decline in incoming order volume and weaker than expected return-to-work trends in the Americas. Actions may include the elimination of up to 180 salaried positions in
Americas industry and business functions, and the Company currently expects to hire approximately $8 million restructuring costs, consisting of cash severance payments and other separation benefits, related to these actions. The Company expects these actions to be completed in the third quarter of fiscal 2023.

Section 7.01. FD Regulation Disclosure.

The Company has updated its investor presentation and will make it available on the Company’s website at ir.steelcase.com. The Company uses this presentation from time to time when Company officers interact with investors and analysts to discuss the Company’s business strategies and long-term goals.

Section 9.01. Financial statements and supporting documents.

(d) EXHIBITS.

Exhibit
 Number                                  Description

  99.1        Earnings Release - Second Quarter Ended August 26, 2022
104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

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