<SEC-DOCUMENT>0001626129-17-000130.txt : 20170324
<SEC-HEADER>0001626129-17-000130.hdr.sgml : 20170324
<ACCEPTANCE-DATETIME>20170324090250
ACCESSION NUMBER:		0001626129-17-000130
CONFORMED SUBMISSION TYPE:	DEF 14A
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20170509
FILED AS OF DATE:		20170324
DATE AS OF CHANGE:		20170324
EFFECTIVENESS DATE:		20170324

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HNI CORP
		CENTRAL INDEX KEY:			0000048287
		STANDARD INDUSTRIAL CLASSIFICATION:	OFFICE FURNITURE (NO WOOD) [2522]
		IRS NUMBER:				420617510
		STATE OF INCORPORATION:			IA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEF 14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14225
		FILM NUMBER:		17711283

	BUSINESS ADDRESS:	
		STREET 1:		600 EAST SECOND STREET - PO BOX 1109
		CITY:			MUSCATINE
		STATE:			IA
		ZIP:			52761-7109
		BUSINESS PHONE:		5632727400

	MAIL ADDRESS:	
		STREET 1:		600 EAST SECOND STREET
		STREET 2:		P O BOX 1109
		CITY:			MUSCATINE
		STATE:			IA
		ZIP:			52761

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HON INDUSTRIES INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HOME O NIZE CO
		DATE OF NAME CHANGE:	19681001
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>hni-def14a_050917.htm
<DESCRIPTION>DEFINITIVE PROXY STATEMENT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<div style="line-height:120%;text-align:center;font-size:11pt;"><DIV STYLE="padding-left: 0px; text-indent: 0px; line-height: normal; padding-top: 10px"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman; margin-left: auto; margin-right: auto; width: 98.88%; border-collapse: collapse; text-align: left"><TR><TD COLSPAN="1"></TD></TR>
<TR>
    <TD WIDTH="100%"></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt inherit">UNITED STATES</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 10pt"><FONT STYLE="font: 10pt inherit">SECURITIES AND EXCHANGE COMMISSION</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 8pt"><FONT STYLE="font: 8pt inherit">Washington, D.C. 20549</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 20px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 11pt"><FONT STYLE="font: bold 11pt inherit">SCHEDULE 14A INFORMATION</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 13px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(Amendment No.   )</FONT></DIV></TD></TR>
</TABLE></DIV></DIV>

<DIV STYLE="line-height: 120%; text-align: center; font-size: 10pt">

<DIV STYLE="padding-left: 0px; text-indent: 0px; line-height: normal; padding-top: 10px">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman; margin-left: auto; margin-right: auto; width: 100%; border-collapse: collapse; text-align: left">
<TR>
    <TD COLSPAN="1"></TD></TR>
<TR>
    <TD WIDTH="100%"></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: 9pt inherit">Filed by the Registrant  </FONT><FONT STYLE="font: 9pt Wingdings">&#253;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: 9pt inherit">Filed by a Party other than the Registrant  </FONT><FONT STYLE="font: 9pt Wingdings">&#168;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Check the appropriate box:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#168;  </FONT><FONT STYLE="font: 9pt inherit">Preliminary Proxy Statement</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: bold 9pt Wingdings">&#168;  </FONT><FONT STYLE="font: bold 9pt inherit">Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#253;  </FONT><FONT STYLE="font: 9pt inherit">Definitive Proxy Statement</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#168;  </FONT><FONT STYLE="font: 9pt inherit">Definitive Additional Materials</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#168;  </FONT><FONT STYLE="font: 9pt inherit">Soliciting Material Under Rule 14a-12</FONT></DIV></TD></TR>
</TABLE></DIV></DIV>

<DIV STYLE="line-height: 120%; text-align: center; font-size: 11pt">

<DIV STYLE="padding-left: 0px; text-indent: 0px; line-height: normal; padding-top: 10px">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman; margin-left: auto; margin-right: auto; width: 100%; border-collapse: collapse; text-align: left">
<TR>
    <TD COLSPAN="1"></TD></TR>
<TR>
    <TD WIDTH="100%"></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 11pt"><FONT STYLE="font: bold 11pt inherit">HNI CORPORATION</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(Name of Registrant as Specified In Its Charter)</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: center; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></DIV></TD></TR>
</TABLE></DIV></DIV>

<DIV STYLE="line-height: 120%; text-align: center; font-size: 10pt">

<DIV STYLE="padding-left: 0px; text-indent: 0px; line-height: normal; padding-top: 10px">

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman; margin-left: auto; margin-right: auto; width: 99.25%; border-collapse: collapse; text-align: left">
<TR>
    <TD COLSPAN="3"></TD></TR>
<TR>
    <TD WIDTH="4%"></TD>
    <TD WIDTH="3%"></TD>
    <TD WIDTH="93%"></TD></TR>
<TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Payment of Filing Fee (Check the appropriate box):</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#253;</FONT></DIV></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">No fee required</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#168;</FONT></DIV></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(1)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Title of each class of securities to which transaction applies:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(2)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Aggregate number of securities to which transaction applies:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(3)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(4)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Proposed maximum aggregate value of transaction:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(5)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Total fee paid:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#168;</FONT></DIV></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Fee paid previously with preliminary materials.</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt Wingdings">&#168;</FONT></DIV></TD>
    <TD COLSPAN="2" STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously.  Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(1)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Amount Previously Paid:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(2)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Form, Schedule or Registration Statement No.:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(3)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Filing Party:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">(4)</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="text-align: left; font-size: 9pt"><FONT STYLE="font: 9pt inherit">Date Filed:</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 1px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 16px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
<TR>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 6px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 6px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD>
    <TD STYLE="vertical-align: bottom; border-bottom: #000000 2px solid; padding: 2px">
        <DIV STYLE="overflow: hidden; height: 6px; font-size: 10pt"><FONT STYLE="font: 10pt inherit">&#160;</FONT></DIV></TD></TR>
</table></div></div>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><!-- Field: Sequence; Type: Arabic; Name: PageNo-->&nbsp;<!-- Field: /Sequence--></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><table style="width: 100%;" cellpadding="0" cellspacing="0"><tr><td style="width: 100%; text-align: center;">&nbsp;</td></tr></table></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><IMG SRC="hnidef14a050917001.jpg" ALT="(HNI LOGO)">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-size: 12pt"><B>HNI CORPORATION</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>600 EAST SECOND STREET<BR>
MUSCATINE, IOWA 52761<BR>
563-272-7400</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B>NOTICE OF ANNUAL MEETING OF SHAREHOLDERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The 2017 Annual Meeting of Shareholders of HNI Corporation will
be held at HNI Corporate Headquarters, 600 East Second Street, Muscatine, Iowa, on Tuesday, May 9, 2017, beginning at 10:30 a.m.
(Central Daylight Time), for the purposes of:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">1.</TD><TD>Electing the five Directors named in the accompanying proxy statement;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">2.</TD><TD>Ratifying the Audit Committee&rsquo;s selection of KPMG LLP as the Corporation&rsquo;s independent registered public accountant for the
fiscal year ending December 30, 2017;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">3.</TD><TD>Holding an advisory vote to approve named executive officer compensation;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">4.</TD><TD>Holding an advisory vote on the frequency of future advisory votes on named executive officer compensation;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">5.</TD><TD>Approving the HNI Corporation 2017 Stock-Based Compensation Plan;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">6.</TD><TD>Approving the 2017 Equity Plan for Non-Employee Directors of HNI Corporation;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">7.</TD><TD>Approving the HNI Corporation Members&rsquo; Stock Purchase Plan; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 35.95pt">8.</TD><TD>Transacting any other business properly brought before the meeting or any adjournment or postponement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">The holders of record of HNI Corporation common stock, par value
$1.00 per share, as of the close of business on March 10, 2017, are entitled to vote at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">You are encouraged to attend the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>By Order of the Board of Directors,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.25in"><IMG SRC="hnidef14a050917002.jpg" ALT="-s- Steven M. Bradford">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Steven M. Bradford&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Senior Vice President, General Counsel and Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">March 24,
2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><B>YOUR VOTE IS VERY IMPORTANT. PLEASE
MARK, SIGN, DATE AND RETURN PROMPTLY THE ENCLOSED PROXY CARD IN THE ENCLOSED POSTAGE PREPAID ENVELOPE OR VOTE USING THE TELEPHONE
OR INTERNET VOTING PROCEDURES DESCRIBED ON THE PROXY CARD, WHETHER OR NOT YOU PLAN TO ATTEND THE MEETING. IF YOUR SHARES ARE HELD
IN THE NAME OF A BANK, BROKER OR OTHER HOLDER OF RECORD, TELEPHONE OR INTERNET VOTING WILL BE AVAILABLE TO YOU ONLY IF OFFERED
BY THEM. THEIR PROCEDURES SHOULD BE DESCRIBED ON THE VOTING FORM THEY SEND TO YOU.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 94%"><A HREF="#hnidef14a050917a001"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INFORMATION ABOUT VOTING</FONT></A></TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 3%; text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a002"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 9, 2017</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a003"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSAL NO. 1 - ELECTION OF DIRECTORS</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a004"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INCUMBENT DIRECTORS</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a005"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">INFORMATION REGARDING THE BOARD</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a006"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">REVIEW, APPROVAL OR RATIFICATION OF TRANSACTIONS WITH RELATED PERSONS</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a007"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a008"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CODE OF BUSINESS CONDUCT AND ETHICS</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a009"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ANTI-HEDGING POLICY</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a010"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CORPORATE GOVERNANCE GUIDELINES</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a011"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSAL NO. 2 - RATIFICATION OF AUDIT COMMITTEE&rsquo;S SELECTION OF KPMG LLP AS THE CORPORATION&rsquo;S INDEPENDENT REGISTERED PUBLIC ACCOUNTANT FOR FISCAL 2017</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a012"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">AUDIT COMMITTEE REPORT</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a013"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FEES INCURRED FOR KPMG LLP</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a014"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXECUTIVE COMPENSATION</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a015"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compensation Discussion and Analysis</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a016"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Compensation Committee Report</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a017"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Summary Compensation Table</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a018"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Grants of Plan-Based Awards</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a019"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Outstanding Equity Awards at Year End</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">32</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a020"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Option Exercises and Stock Vested</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a021"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Nonqualified Deferred Compensation</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">33</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 0.125in"><A HREF="#hnidef14a050917a022"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Potential Payments Upon Termination or Change in Control</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">34</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a023"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSAL NO. 3 - ADVISORY VOTE TO APPROVE NAMED EXECUTIVE OFFICER COMPENSATION</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">37</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a024"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSAL NO. 4 - ADVISORY VOTE ON FREQUENCY OF FUTURE ADVISORY VOTES ON NAMED EXECUTIVE OFFICER COMPENSATION</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a025"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSAL NO. 5 - APPROVAL OF THE HNI CORPORATION 2017 STOCK-BASED COMPENSATION PLAN</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a026"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSAL NO. 6 - APPROVAL OF THE 2017 EQUITY PLAN FOR NON-EMPLOYEE DIRECTORS OF HNI CORPORATION</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">43</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a027"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROPOSAL NO. 7 - APPROVAL OF HNI CORPORATION MEMBERS&rsquo; STOCK PURCHASE PLAN</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">46</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a028"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DIRECTOR COMPENSATION</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a029"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECURITY OWNERSHIP</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a030"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EQUITY COMPENSATION PLAN INFORMATION</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a031"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a032"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">DEADLINE FOR SHAREHOLDER PROPOSALS FOR THE 2018 ANNUAL MEETING</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a033"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">OTHER MATTERS</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">53</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><A HREF="#hnidef14a050917a034"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">APPENDIX A</FONT></A></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">54</FONT></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->ii<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">[This page intentionally left blank]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>HNI
Corporation</B></FONT><BR>
<B>600 East Second Street</B><BR>
<B>Muscatine, Iowa 52761</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PROXY STATEMENT</B><BR>
<B>FOR ANNUAL MEETING OF SHAREHOLDERS<BR>
TO BE HELD MAY 9, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">HNI Corporation (the &ldquo;Corporation,&rdquo; &ldquo;we,&rdquo;
&ldquo;our&rdquo; or &ldquo;us&rdquo;) is mailing this Proxy Statement, with the accompanying proxy card, to you on or about March
24, 2017, in connection with the solicitation of proxies by and on behalf of the Corporation&rsquo;s Board of Directors (the &ldquo;Board&rdquo;
or &ldquo;Directors&rdquo;) for the 2017 annual meeting of shareholders and any adjournment or postponement of the meeting (the &ldquo;Meeting&rdquo;).
The Meeting will be held on Tuesday, May 9, 2017, beginning at 10:30 a.m., Central Daylight Time, at HNI Corporate Headquarters,
600 East Second Street, Muscatine, Iowa.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a001"></A>INFORMATION ABOUT VOTING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Who can attend and vote at the Meeting?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders of record as of the close of business on
March 10, 2017 (the &ldquo;Record Date&rdquo;) are entitled to attend and vote at the Meeting. Each share of the Corporation&rsquo;s common
stock, par value $1.00 per share (&ldquo;Common Stock&rdquo;), is entitled to one vote on all matters to be voted on at the Meeting
and can be voted only if the shareholder of record is present to vote or is represented by proxy. The proxy card provided with
this Proxy Statement indicates the number of shares of Common Stock you own and are entitled to vote at the Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>What constitutes a quorum at the Meeting?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The presence at the Meeting, in person or represented
by proxy, of the holders of a majority of the outstanding shares of Common Stock (&ldquo;Outstanding Shares&rdquo;) on the Record
Date will constitute a quorum. On the Record Date, there were 44,092,971 Outstanding Shares. To determine whether a quorum exists,
proxies received but marked &ldquo;abstain&rdquo; and so-called &ldquo;broker non-votes&rdquo; (described on the following page) will
be counted as present.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>What will I be voting on?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Election of each of the five nominees for Director named
on page <I>5</I> of this Proxy Statement under &ldquo;<I>Proposal No. 1 &ndash; Election of Directors.&rdquo;</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Ratification of the Audit Committee&rsquo;s selection of KPMG
LLP as the Corporation&rsquo;s independent registered public accountant for the fiscal year ending December 30, 2017 (&ldquo;Fiscal 2017&rdquo;),
as described on page 14 of this Proxy Statement under &ldquo;<I>Proposal No. 2 &ndash; Ratification of Audit Committee&rsquo;s Selection
of KPMG LLP as the Corporation&rsquo;s Independent Registered Public Accountant for Fiscal 2017.&rdquo;</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Adoption of an advisory resolution approving the compensation
of the Corporation&rsquo;s named executive officers as described on page 37 of this Proxy Statement under &ldquo;<I>Proposal No. 3 &ndash;
Advisory Vote to Approve Named Executive Officer Compensation.&rdquo;</I></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">For &ldquo;1 YEAR&rdquo; frequency of future advisory votes
on named executive officer compensation as described on page 38 of this Proxy Statement under &ldquo;<I>Proposal No. 4 &ndash;
Advisory Vote on Frequency of Future Advisory Votes on Named Executive Officer Compensation</I>.&rdquo;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">&ldquo;FOR&rdquo; approval of the HNI Corporation 2017
Stock-Based Compensation Plan, as described on page 38 of this Proxy Statement under &ldquo;<I>Proposal No. 5 - Approval of the
HNI Corporation 2017 Stock-Based Compensation Plan</I>.&rdquo;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">&ldquo;FOR&rdquo; approval of the 2017 Equity Plan for
Non-Employee Directors of HNI Corporation, as described on page 43 of this Proxy Statement under &ldquo;<I>Proposal No. 6 - Approval of the 2017 Equity
Plan for Non-Employee Directors of HNI Corporation</I>.&rdquo;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">&ldquo;FOR&rdquo; approval of the HNI Corporation Members&rsquo;
Stock Purchase Plan, as described on page 46 of this Proxy Statement under &ldquo;<I>Proposal No. 7 - Approval of the HNI Corporation
Members&rsquo; Stock Purchase Plan</I>.&rdquo;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>How do I vote?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">We urge you to vote by &ldquo;proxy&rdquo; (one of the individuals
named on your proxy card will vote your shares as you have directed) even if you plan to attend the Meeting so we will know as
soon as possible whether a quorum exists for us to hold the Meeting. Follow</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 5; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">the instructions on your enclosed proxy card. Telephone
and internet voting is available to all registered and most beneficial holders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders voting by proxy may use one of the following
three options:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Fill out the enclosed proxy card, sign it and mail it
in the enclosed, postage-paid envelope;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Vote by <I>internet</I> (if available, instructions are
on the proxy card); or</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">Vote by <I>telephone</I> (if available, instructions
are on the proxy card).</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If your shares of Common Stock are held for you as the
beneficial owner through a broker, trustee or other nominee (such as a bank) in &ldquo;street name,&rdquo; rather than held directly
in your name, please refer to the information provided by your bank, broker or other holder of record to determine the options
available to you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The telephone and internet voting facilities for shareholders
will close at 11:59 p.m. Eastern Daylight Time on May 8, 2017. If you vote by mail, you should mail your signed proxy card sufficiently
in advance for it to be received by May 8, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you hold shares through the Corporation&rsquo;s
retirement plan, your vote must be received by 11:59 p.m. Eastern Daylight Time on May 4, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you sign, date and return the proxy card but do not
specify how your shares are to be voted, then your proxy will vote your shares &ldquo;FOR&rdquo; Proposal Nos. 2, 3, 5, 6 and 7,
&ldquo;FOR&rdquo; election of each nominee for Director, and &ldquo;1 YEAR&rdquo; frequency of future advisory votes on named executive
officer compensation, and in your proxy&rsquo;s discretion as to any other business which may properly come before the Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>How do I vote if my shares of Common Stock are
held in &ldquo;street name&rdquo;?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You will need to instruct your broker, trustee or other
nominee how to vote your shares. Since a beneficial owner is not the shareholder of record, you may not vote these shares in person
at the Meeting unless you obtain a legal proxy from the broker, trustee or other nominee holding your shares, giving you the right
to vote the shares at the Meeting. Your broker, trustee or other nominee has enclosed with this Proxy Statement, or will provide
upon request, voting instructions for you to use in directing the broker, trustee or other nominee how to vote your shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>What discretion does my broker, trustee or other
nominee have to vote my shares of Common Stock held in &ldquo;street name&rdquo;?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A broker, trustee or other nominee holding your shares
of Common Stock in &ldquo;street name&rdquo; must vote those shares according to specific instructions it receives from you. New
York Stock Exchange (&ldquo;NYSE&rdquo;) rules determine the proposals (&ldquo;Non-Routine Proposals&rdquo;) on which brokers may not
vote without specific instructions from you. Your shares will not be voted on any Non- Routine Proposal if you do not provide voting
instructions, giving rise to what is called a &ldquo;broker non-vote.&rdquo; Shares represented by broker non-votes will be counted
as present for purposes of determining a quorum.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">It is important, if you hold shares in &ldquo;street name,&rdquo;
you provide specific voting instructions to your broker, trustee or other nominee or your shares will not be voted with respect
to Proposal Nos. 1, 3, 4, 5, 6 and 7 because they are Non-Routine Proposals for which your broker, trustee or other nominee may
not vote your shares in its discretion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Can I change or revoke my vote or revoke my proxy?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Yes. You may change your vote at any time before the
proxy is voted at the Meeting. For shareholders of record, if you voted your proxy card by mail, you may revoke your proxy at any
time before it is voted by executing and delivering a timely and valid later-dated proxy, by voting by ballot at the Meeting or
by giving written notice to the Secretary. If you voted via the internet or by telephone you may also change your vote with a timely
and valid later-dated internet or telephone vote, as the case may be, or by voting by ballot at the Meeting. Attendance at the
Meeting will not revoke a proxy unless (a) you give proper written notice of revocation to the Secretary before the proxy is exercised
or (b) you vote by ballot at the Meeting. Once voting is completed at the Meeting, you will not be able to revoke your proxy or
change your vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If your shares are held in &ldquo;street name,&rdquo; you
must follow the specific voting directions provided to you by your broker, trustee or other nominee to change or revoke any instructions
you have already provided.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>How do I vote my shares in the Corporation&rsquo;s retirement
plan?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">If you participate in the Corporation&rsquo;s retirement plan,
the proxy card you receive will also include Common Stock allocated to your account. Properly completed and signed proxy cards,
including telephone and internet voting, will serve to instruct the plan trustee on how to vote any shares allocated to your account
and a portion of all shares as to which no instructions have been received (the &ldquo;undirected shares&rdquo;) from plan participants.
The proportion of the undirected shares to which your instructions will apply will be equal to the proportion of the shares to
which the trustee receives instructions represented by your shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>How is the Corporation soliciting proxies?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation bears the cost of preparing, assembling
and mailing the proxy materials related to the solicitation of proxies by and on behalf of the Board. In addition to the use of
the mail, certain of the Corporation&rsquo;s officers may, without additional compensation, solicit proxies in person, by telephone or
through other means of communication. The Corporation will bear the cost of this solicitation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>How will my vote get counted?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Broadridge will use an automated system to tabulate the
votes and will serve as the Inspector of Election.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Is my vote confidential?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Proxy instructions, ballots and voting tabulations identifying
individual shareholders are handled in a manner to protect your voting privacy. Your vote will not be disclosed either within the
Corporation or to third parties, except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">as necessary to meet applicable legal requirements;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">to allow for the tabulation of votes and certification
of the vote; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">to facilitate a successful proxy solicitation.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Occasionally, shareholders provide written comments on
their proxy cards, which may be forwarded to the Corporation&rsquo;s management.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>How do I get to the Meeting location?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Meeting will be held at HNI Corporate Headquarters,
600 East Second Street, Muscatine, Iowa. If driving to the Meeting from Quad City International Airport, from the main exit traffic
light go straight onto I-74 to I-280, turn right (cloverleaf) onto I-280 West, drive approximately 11 miles crossing the Mississippi
River Bridge, take the second exit in Iowa (Exit 6 &ndash; Muscatine), at the traffic light turn left (west) onto Highway 61 South,
continue approximately 22 miles to Muscatine, continue on Hwy 61 bypass, turn left (south) at traffic light onto Park Avenue, veer
right at stop sign at five-way stop onto Second Street, HNI Corporate Headquarters is approximately one mile on the left. If driving
to the Meeting on I-80, take Exit 271 (Hwy 38 South), drive approximately 12 miles, proceed through major intersection of Hwy 38
and Hwy 61, continue on Park Avenue, veer right at stop sign at five-way stop onto Second Street, HNI Corporate Headquarters is
approximately one mile on the left.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>What should I do if I receive more than one set
of voting materials?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">You may receive more than one set of voting materials,
including multiple copies of this Proxy Statement and multiple proxy cards or voting instruction cards. For example, if you hold
your shares in more than one brokerage account, you may receive a separate voting instruction card for each brokerage account.
If you are a shareholder of record and your shares are registered in more than one name, you will receive more than one proxy card.
Please complete, sign, date and return each proxy card and voting instruction card you receive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Securities and Exchange Commission (the &ldquo;SEC&rdquo;)
has adopted rules permitting delivery of a single annual report and/or proxy statement to any household at which two or more shareholders
reside, whom the Corporation believes to be members of the same family. If you wish to participate in this program and receive
only one copy of future annual reports and/or proxy statements, please write to Broadridge, Householding Department, 51 Mercedes
Way, Edgewood, New York 11717. Your consent to receive only one copy of the annual report and/or proxy statement will remain in
effect until Broadridge receives a written revocation notice from you, in which case the Corporation will begin sending individual
copies within 30 days. The Corporation will continue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">to separately mail a proxy card for each registered shareholder
account. The Corporation will promptly deliver separate copies of its annual report and/or proxy statement upon request. Shareholders
may request copies by writing to the Corporate Secretary at HNI Corporation, 600 East Second Street, Muscatine, Iowa 52761, or
calling the Corporation at 563-272-7123.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Did the Corporation utilize the SEC&rsquo;s notice and
access proxy rules for delivery of the voting materials this year?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">No. The Corporation delivered its voting materials in
the same manner as it has in the past. However, many shareholders have previously consented to receive electronic delivery of the
proxy statement and annual report to security holders and therefore did not receive hard copies of these materials.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><I>Why is the Corporation asking shareholders to approve, on a non-binding
and advisory basis, named executive officer compensation again this year?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation is asking shareholders to approve, on
a nonbinding, advisory basis, the compensation of the Corporation&rsquo;s Chief Executive Officer, Chief Financial Officer and three
other most highly compensated executives (collectively, the &ldquo;Named Executive Officers&rdquo;), as disclosed below under &ldquo;<I>Executive
Compensation&rdquo;</I> beginning on page 17 of this Proxy Statement. The Corporation&rsquo;s shareholders expressed a preference for,
and the Board recommended, holding an advisory vote to approve named executive officer compensation every year. The Board recommends
shareholders vote &ldquo;FOR&rdquo; the resolution approving the compensation of the Named Executive Officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Where can I find the voting results of the Meeting?</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation intends to announce preliminary voting
results at the Meeting and will publish final results on a Current Report on Form 8-K, which will be filed with the SEC within
four business days after the Meeting and available on the Corporation&rsquo;s website.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"><B><A NAME="hnidef14a050917a002"></A>IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR <BR>
THE
ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON MAY 9, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>The Proxy Statement and annual report
to security holders are available at <U>http://investors.hnicorp.com/Docs</U>.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation provides its annual reports, annual meeting
notices and proxy statements over the internet. If you wish to receive these documents in the future over the internet rather than
receiving paper copies in the mail, please follow the instructions on your proxy card. These documents will be available on or
about March 24, 2017, at http://investors.hnicorp.com/Docs. Once you give your consent, it will remain in effect until you notify
the Corporation you wish to resume mail delivery of the annual reports and proxy statements. Even though you give your consent,
you still have the right at any time to request copies of these documents at no charge by writing to the Corporate Secretary at
HNI Corporation, 600 East Second Street, Muscatine, Iowa 52761, or calling the Corporation at 563-272-7123.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><I><A NAME="hnidef14a050917a003"></A>PROPOSAL NO. 1 </I>&ndash; ELECTION OF DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Amended and Restated By-laws, as amended, of HNI
Corporation (the &ldquo;By-laws&rdquo;) currently provide for ten Directors and the Board currently consists of ten Directors. Nine
of the ten Directors are independent Directors as further discussed on page 8 of this Proxy Statement under &ldquo;<I>Information
Regarding the Board &ndash; Director Independence</I>.&rdquo; Stan A. Askren, Chairman, President and Chief Executive Officer of
the Corporation, is the only Director currently employed by the Corporation and is not independent under the NYSE listing standards
or the Corporation&rsquo;s categorical independence standards for Directors (the &ldquo;Categorical Standards&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board is divided into three classes. Generally, one
class is elected each year for a term of three years. The terms of the five nominees, all of whom are current Directors, expire
in 2017. The Board has nominated four Director candidates, Miguel M. Calado, Cheryl A. Francis, John R. Hartnett and Brian E. Stern,
each to serve a three-year term expiring at the Corporation&rsquo;s 2020 annual meeting of shareholders. Additionally, in order to equalize
the number of Directors in each class as required by the Corporation&rsquo;s By-Laws and Iowa law, the Board has nominated one Director,
Larry B. Porcellato, to serve a two-year term expiring at the Corporation&rsquo;s 2019 annual meeting of the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Director Nominations</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has adopted guidelines for identifying and
evaluating candidates for Director. Under those guidelines, the Corporation&rsquo;s Public Policy and Corporate Governance Committee
(the &ldquo;Governance Committee&rdquo;) takes into account a number of factors when identifying potential nominees, including: possession
of desired skills, experience and abilities identified by the Governance Committee; ability to communicate ideas and contribute
to Board deliberations; independence from management; diversity; judgment, integrity and reputation; existing commitments to other
businesses; potential conflicts of interest with other pursuits; and legal constraints. Although the Corporation has no specific
policy on diversity, the guidelines broadly define diversity to include factors such as age, race, gender, education, ethnicity,
career experience and personality; understanding of and experiences in manufacturing, distribution, technology, finance and marketing;
and international experience and culture. The Governance Committee reviews these factors and others considered useful by the Governance
Committee in the context of an assessment of the perceived needs of the Board from time to time. The Governance Committee may use
a variety of means to identify potential nominees, including recommendations from the Chairman, Directors or others associated
with the Corporation. The Governance Committee may also retain third-party search firms to identify potential nominees based on
the Corporation&rsquo;s established criteria for director candidates discussed above. The Governance Committee screens potential candidates
and recommends suitable candidates to the Board for nomination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation does not have minimum qualifications
for Directors; however, Directors should possess the highest personal and professional integrity and ethics and be willing and
able to devote the required time to the Corporation. The Board believes it should be comprised of Directors with varied and complementary
backgrounds, which together build the overall strength of the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders wishing to recommend a candidate
for nomination by the Corporation as Director for inclusion in the Corporation&rsquo;s proxy statement for the 2018 annual meeting
of shareholders should write to the Corporation&rsquo;s Corporate Secretary before September 30, 2017, and include the information
required by Section 2.16(a)(2) of the By-laws. The Governance Committee will consider candidates for Director recommended by shareholders
by applying the criteria for candidates described above and considering the additional information required by the By-laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Nominees for Election</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board is nominating for election at the Meeting Miguel
M. Calado, Cheryl A. Francis, John R. Hartnett, and Brian E. Stern, each for a term of three years and Larry B. Porcellato for
a term of two years (collectively, the &ldquo;Nominees&rdquo;). The Nominees elected as Directors at the Meeting will hold office
for the indicated term or until their respective successors are elected and qualified, subject to their prior death, resignation
or removal.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ms. Francis and Messrs. Calado, Porcellato and Stern
were most recently elected as Directors at the Corporation&rsquo;s 2014 annual meeting of shareholders. Mr. Hartnett was appointed to
the Board on August 9, 2016 at the recommendation of the Governance Committee after its evaluation of Mr. Hartnett based on the
key attributes, experience and skills described under &ldquo;Director Nominations&rdquo; above. Mr. Hartnett was identified by
a third party firm engaged by the Board to assist in director recruitment. Below is biographical information as well as the particular
experience, qualifications, attributes and/or skills of each Nominee which led the Board to conclude the Nominee should serve as
a Director. In addition, each Nominee must possess the highest</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">personal and professional integrity and
ethics and a willingness and ability to devote the required time to the Corporation. The Board has determined each Nominee possesses
these qualities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Miguel M. Calado</B>, age 61, has been
a Director of the Corporation since 2004. Mr. Calado has been Vice President, Corporate Development and President of the iMAX
Diagnostic Imaging Business Unit of Hovione SA, an international fine chemicals company with manufacturing facilities and offices
in the United States, Europe and Asia, since 2014. Previously, from 2006 to 2014, he was the Vice President and Chief Financial
Officer of Hovione SA. He has been an advising partner of The Trion Group, a strategic management consulting group based in Dallas,
Texas, since 2006 and President of GAMCAL, LLC, an investment company, since 2006. He also serves as a member of the Advisory
Board for the Business School of Catholic University of Portugal. Mr. Calado brings to the Board extensive international, general
management, manufacturing and financial expertise derived primarily from his service as Chief Financial Officer of an international
manufacturing company and prior service in various roles at several large, packaged and consumer goods public companies. These
roles and companies include Executive Vice President and President, International for Dean Foods Company and several international
finance roles for PepsiCo, Inc., including Senior Vice President, Finance and Chief Financial Officer, PepsiCo Foods International.
Although Mr. Calado does not currently serve on the Corporation&rsquo;s Audit Committee, he qualifies as an &ldquo;audit committee
financial expert.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Cheryl A. Francis</B>, age 63, has been a Director
of the Corporation since 1999. Ms. Francis has been an independent business and financial advisor since 2000 and the Co-Chairman
of the Corporate Leadership Center, a not-for-profit organization focused on developing tomorrow&rsquo;s business leaders, since 2008.
Previously, from 2002 to 2008, she was the Vice Chairman of the Corporate Leadership Center. Ms. Francis is a director of Aon Corporation,
the leading global provider of risk management services, insurance and reinsurance brokerage, and human resources solutions and
outsourcing, and Morningstar, Inc., a leading provider of independent investment research in North America, Europe, Australia and
Asia. Ms. Francis brings to the Board significant financial expertise based primarily on her prior role as Chief Financial Officer
of R.R. Donnelley &amp; Sons Company and service on the audit and finance committees of other public companies. She also brings
to the Board corporate governance experience through her service on the compensation and governance committees of other public
companies, and executive leadership development experience based on Corporate Leadership Center work with CEOs, leading academic
institutions and corporate executives. She currently serves on the Corporation&rsquo;s Audit Committee and qualifies as an &ldquo;audit
committee financial expert.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>John R. Hartnett</B>, age 56, has been a Director
of the Corporation since August 2016. Mr. Hartnett is an Executive Vice President at Illinois Tool Works Inc., a Fortune 200 global
multi-industrial manufacturing leader with seven industry-leading business segments. Mr. Hartnett has been with ITW for 36 years
and currently heads its Welding segment. He brings to the Board extensive engineering, marketing, manufacturing and management
experience from his numerous business roles at ITW including his most recent roles as head of ITW&rsquo;s Construction Products segment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Larry B. Porcellato</B>, age 58, has been a Director
of the Corporation since 2004. From 2009 to July 2014, Mr. Porcellato was the Chief Executive Officer of The Homax Group, Inc.,
a leading specialty application consumer products supplier to the home care and repair markets. Previously, from February 2007
to December 2008, he was an independent business consultant and, from 2002 to January 2007, he was the Chief Executive Officer
of ICI Paints North America, a manufacturer and distributor of decorative coatings and a subsidiary of Imperial Chemical Industries
PLC. Mr. Porcellato is a director of OMNOVA Solutions, Inc., an innovator of emulsion polymers, specialty chemicals and decorative
and functional surfaces for a variety of commercial, industrial and residential end uses, and a director of privately held PSAV
Holding LLC, an international, full-service technology in-house audiovisual provider. Mr. Porcellato brings to the Board chief
executive officer experience in the building products industry through his former leadership of Homax and his former role as Chief
Executive Officer of ICI Paints and financial expertise derived primarily from his service on the audit committee of another public
company and previous finance and division leadership roles at other public companies. He also brings to the Board international
and marketing expertise derived primarily from his service in various international and marketing roles at Rubbermaid Incorporated
and Braun Canada Inc. and corporate governance experience through his service on the compensation and governance committees of
another public company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Brian E. Stern</B>, age 69, has been a Director
of the Corporation since 1998. Mr. Stern has been a director of Starboard Capital Partners, LLC, a financial sponsor that
initiates, finances and partners with management and private equity investors in the acquisition of companies, since July
2007. He is a director and investor in Blackrock Microsystems LLC (Utah). Previously, from 2004 to June 2007, Mr. Stern was
the Senior Vice President, Xerox, Fuji Xerox Operations of Xerox Corporation, a developer, marketer, manufacturer, financier
and servicer of document processing products and services. Mr. Stern brings to the Board significant knowledge of the office
products and office supplies industry and expertise in product development, sales and marketing derived primarily from his
service in various roles for Xerox. He also has substantial experience in international operations, manufacturing, channels
of distribution and general management, also based primarily on his service at Xerox.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation believes all Nominees listed above will
be available to serve if elected. However, if any one of them becomes unavailable, the persons named as proxies in the accompanying
proxy card have discretionary authority to vote for a substitute chosen by the Board. Any vacancies not filled at the Meeting may
be filled by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Required Vote</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Election of the Nominees as Directors requires the affirmative
vote of the holders of a majority of the Outstanding Shares voted at the Meeting. Abstentions and broker non-votes will not be
counted for purposes of determining whether this Proposal has received sufficient votes for approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recommendation of the Board</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%; border: Black 1pt solid">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; text-align: center; padding-top: 5.4pt; padding-bottom: 5.4pt"><B><I>THE BOARD RECOMMENDS A VOTE &ldquo;FOR&rdquo; THE ELECTION OF THE NOMINEES
    AS DIRECTORS.</I></B></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a004"></A>INCUMBENT DIRECTORS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Below is biographical information about each incumbent
Director as well as the particular experience, qualifications, attributes and/or skills which led the Board to conclude the Director
should serve as a Director. In addition, each Director must possess the highest personal and professional integrity and ethics
and a willingness and ability to devote the required time to the Corporation. The Board has determined each Director possesses
these qualities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Messrs. Askren and Waters and Ms. Bell
comprise a class of Directors whose terms will expire at the Corporation&rsquo;s 2018 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Stan A. Askren</B>, age 56, has been a Director of
the Corporation since 2003. Mr. Askren has also been the Chairman and Chief Executive Officer of the Corporation since 2004 and
the President of the Corporation since 2003. He is a director of Armstrong World Industries, Inc., a global leader in the design
and manufacture of floors and ceiling systems and a director of Allison Transmission Holdings, Inc., the world&rsquo;s largest manufacturer
of fully automatic transmissions for medium- and heavy duty-commercial vehicles and a leader in hybrid-propulsion systems for
city buses. Mr. Askren brings to the Board extensive experience and knowledge of the Corporation&rsquo;s business, operations and culture.
He has worked for the Corporation for 23 years. Mr. Askren was vice president of marketing, an executive vice president and president
of the Corporation&rsquo;s hearth products operating segment. He worked in the Corporation&rsquo;s office furniture operating segment as a
group vice president of The HON Company and president of Allsteel Inc. Mr. Askren has served as the vice president of human resources
and an executive vice president of the Corporation. Mr. Askren also brings to the Board finance and corporate governance experience
through his service on the audit and compensation committees of other public companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mary A. Bell</B>, age 56, has been
a Director of the Corporation since 2006. Ms. Bell is a business consultant and a retired Vice President of Caterpillar, Inc.,
the world&rsquo;s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines
and diesel-electric locomotives. She led Caterpillar&rsquo;s Building and Construction Products Division from 2008 until her retirement
in 2015. From 2004 to 2007, she was the Vice President of Caterpillar&rsquo;s Logistics Division and served as Chairman and President
of Cat Logistics Services, Inc., formerly a wholly owned subsidiary of Caterpillar. Ms. Bell brings to the Board considerable
logistics, manufacturing and dealer channel expertise and general management experience derived primarily from her service in
various roles at Caterpillar.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Ronald V. Waters III</B>, age 65, has been a Director
of the Corporation since 2002. Mr. Waters has been an independent business consultant since May 2010. Previously, from 2009 to
May 2010, he was a Director and the President and Chief Executive Officer of LoJack Corporation, a premier worldwide marketer of
wireless tracking and recovery systems for valuable mobile assets and a leader in global stolen vehicle recovery, and, from 2007
to 2008, he was a Director and the President and Chief Operating Officer of LoJack. He is a director of Fortune Brands Home &amp;
Security, Inc., an industry-leading home and security products company, and Paylocity Corporation, a leading software provider
of cloud-based payroll and human capital management software. From October 2012 to January 2015, Mr. Waters was a director of Chiquita
Brands International, Inc., a leading international marketer and distributor of nutritious high-quality fresh and value-added food
products. Mr. Waters brings to the Board chief executive officer experience through his former role as Chief Executive Officer
of LoJack and significant finance expertise derived primarily from his service on the audit committee of two other public companies
and previous roles as Chief Operating Officer at two public</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">companies, Chief Financial Officer at Wm. Wrigley Jr.
Company, Controller at The Gillette Company and partner of a large public accounting firm. He has extensive outside audit experience,
and although Mr. Waters does not currently serve on the Corporation&rsquo;s Audit Committee, he qualifies as an &ldquo;audit committee
financial expert.&rdquo; Mr. Waters also brings to the Board international, law and information technology expertise derived primarily
from his service in various roles at several large public companies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mses. Jones and Smith comprise a class of Directors whose
terms will expire at the Corporation&rsquo;s 2019 Annual Meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Mary K.W. Jones</B>, age 48, has been a Director of
the Corporation since February 2016. Since January 2013, Ms. Jones has been Senior Vice President and General Counsel of Deere
&amp; Company, a world leader in providing advanced products and services for agriculture, construction, forestry and turf care.
From 2010 through 2012, she served as Deere&rsquo;s Vice President, Global Human Resources. Ms. Jones brings to the Board significant
risk management, corporate governance and general legal expertise, derived largely from her role leading the Deere compliance and
legal functions. In addition, she brings to the Board significant expertise in the areas of talent strategy, executive succession
planning and compensation, derived from her former role as Deere&rsquo;s Vice President, Global Human Resources.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Abbie J. Smith</B>, age 63, has been a Director of
the Corporation since 2000 and the Lead Director since May 2014. Ms. Smith is the Boris and Irene Stern Distinguished Service Professor
of Accounting, and since 1999 has been a Chaired Professor, of The University of Chicago Booth School of Business, a national leader
in higher education and research. She is a director of DFA Investment Dimensions Group Inc., Dimensional Investment Group Inc.
and Ryder System, Inc., a commercial transportation, logistics and supply chain management solutions company. Ms. Smith is also
a trustee of The UBS Funds (Chicago), UBS Relations Trust, UBS SMA Relationship Trust and Fort Dearborn Income Securities, Inc.
Ms. Smith brings to the Board considerable financial and corporate governance expertise based primarily on her extensive research
and teaching at the University of Chicago and her service on mutual fund complex and other public company audit, performance, finance
and nominating committees. Although Ms. Smith does not currently serve on the Corporation&rsquo;s Audit Committee, she qualifies as an
&ldquo;audit committee financial expert.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a005"></A>INFORMATION REGARDING THE BOARD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Director Independence</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to complying with NYSE listing
standards and applicable SEC rules pertaining to director independence, the Corporation adopted the Categorical Standards, which
are attached as Exhibit A to the Governance Guidelines and available on the Corporation&rsquo;s website at <U>www.hnicorp.com</U>,
under &ldquo;<I>Investors </I>- <I>Corporate Governance - Governance Guidelines</I>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the Governance Guidelines, at least three-fourths
of the Directors must meet the NYSE listing standards pertaining to director independence and the Categorical Standards. The Board
has determined each Director, including each nominee for Director, other than Mr. Askren, has no material relationship with the
Corporation (either directly or as a partner, shareholder or officer of an organization having a relationship with the Corporation)
and is independent under the NYSE listing standards and the Categorical Standards, including any heightened independence standards
applicable to a Director&rsquo;s service on the Corporation&rsquo;s Audit Committee (the &ldquo;Audit Committee&rdquo;), Human Resources and
Compensation Committee (the &ldquo;Compensation Committee&rdquo;) or Governance Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Mr. Askren, the Corporation&rsquo;s Chairman, President and
Chief Executive Officer, does not meet these independence standards because he is employed by the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Board Committees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board has three standing committees,
the Audit Committee, the Compensation Committee and the Governance Committee. The Governance Committee fulfills the role of a
nominating committee. Each committee operates under a written charter, which has been approved by the Board. The Board reviews
each committee charter at least annually. Current copies of the committees&rsquo; charters can be found on the Corporation&rsquo;s
website at <U>www.hnicorp.com</U>, under &ldquo;<I>Investors</I> - <I>Corporate Governance - Committee Charters</I>.&rdquo; Shareholders
may request a copy of the Board&rsquo;s committees&rsquo; charters by writing to the Corporate Secretary at HNI Corporation, 600
East Second Street, Muscatine, Iowa 52761. During 2016, each current Director attended all of the meetings of the committees on
which the Director served as well as all Board meetings.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Audit Committee.</I></B> The Audit Committee is
comprised of Cheryl A. Francis, Chairperson, John R. Hartnett and Larry B. Porcellato. The Board has determined all members of
the Audit Committee are financially literate under NYSE listing standards. The Board</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">has also determined Ms. Francis is an &ldquo;audit committee
financial expert,&rdquo; as defined by Item 407(d)(5) of Regulation S-K. In accordance with the Audit Committee Charter, none of
the Audit Committee members serve simultaneously on audit committees of more than three public companies. The Audit Committee met
eight times during 2016. The Audit Committee appoints the Corporation&rsquo;s independent registered public accountant and reviews the
independent registered public accountant&rsquo;s performance, independence, fees and audit plans. The Audit Committee also reviews the
annual and quarterly financial statements; internal audit staffing, plans and reports; nonaudit services provided by the independent
registered public accountant; the Corporation&rsquo;s insurance coverage; and any other matters as directed by the Board, including key
risk oversight.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Human Resources and Compensation Committee. </I></B>
The Compensation Committee is comprised of Ronald V. Waters, III, Chairperson, Mary A. Bell and Miguel M. Calado. In addition,
each member qualifies as an &ldquo;outside director&rdquo; for purposes of Section 162(m) (&ldquo;Section 162(m)&rdquo;) of the Internal
Revenue Code of 1986, as amended (the &ldquo;Code&rdquo;) and a &ldquo;non-employee director&rdquo; for purposes of Rule 16b-3 under
the Securities Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;). The Compensation Committee met four times during 2016. The
Compensation Committee reviews executive compensation; executive succession planning; benefit programs for all members; management&rsquo;s
recommendations on election of officers and human resources development; oversees evaluation of the Chairman and CEO by the Board;
and any other matters as directed by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Public Policy and Corporate Governance Committee.</I></B>
The Governance Committee is comprised of Brian E. Stern, Chairperson, Abbie J. Smith and Mary K.W. Jones. The Governance Committee
met four times during 2016. The Governance Committee serves as the nominating committee and identifies individuals qualified to
serve as Directors of the Corporation consistent with criteria approved by the Board; recommends director nominees to the Board
for the next annual meeting of shareholders; develops and recommends to the Board corporate governance principles applicable to
the Corporation; oversees the Corporation&rsquo;s finance policy, capital structure and evaluation of the Board and the Corporation by
the Directors; and any other matters as directed by the Board.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Processes and Procedures for the Consideration
and Determination of Director Compensation by Governance Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Governance Committee is responsible for annually
reviewing the compensation paid to Directors for service on the Board and for recommending changes in compensation to the Board,
if appropriate. The Board is responsible for approving Director compensation based on recommendations of the Governance Committee.
Neither the Governance Committee nor the Board delegates its authority with respect to setting Director compensation to any other
person or group. However, the Corporation&rsquo;s management may, at the request of the Governance Committee, assist the Governance Committee
in its review of Director compensation, which may include recommending changes to compensation. Although it has not done so recently,
the Governance Committee has authority to retain and terminate a consultant to assist in the evaluation of the compensation and
benefits for Directors and to approve the consultant&rsquo;s fees and other retention terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Processes and Procedures for the Consideration
and Determination of Executive Compensation by Compensation Committee</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee is responsible for developing
and implementing the Corporation&rsquo;s compensation policies and programs for the Chairman and CEO and other senior executives as further
discussed throughout the Compensation Discussion and Analysis (the &ldquo;CD&amp;A&rdquo;) which begins on page 17 of this Proxy
Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Board Leadership Structure</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation&rsquo;s current board
leadership structure consists of a combined Chairman and CEO position and nine independent Directors, one of whom has been designated
Lead Director.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">While certain of the conventional functions for the Chairman
have been shared by all Directors, the Chairman position has traditionally been held by the Corporation&rsquo;s CEO. The Board believes
the combined role of Chairman and CEO promotes unified leadership and direction for the Corporation, which allows for a single,
clear focus for management to execute the Corporation&rsquo;s strategy and business plans. The Board believes this leadership structure
has contributed to the long-term growth and financial success of the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation has strong governance structures and
processes in place to ensure the independence of the Board, eliminate conflicts of interest and prevent dominance of the Board
by management. All Directors, with the exception of the Chairman, are independent as defined under NYSE listing standards, applicable
SEC rules and the Categorical Standards, and all committees of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">the Board are comprised entirely of independent Directors.
In addition, the Board and the Governance Committee have assembled a Board comprised of strong and sophisticated Directors who
are currently or have recently been leaders of major companies or institutions, are independent thinkers and have a wide range
of expertise and skills.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In February 2005, the Board adopted Lead Director Guidelines.
The Lead Director&rsquo;s duties and responsibilities include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">presiding at all meetings of the independent Directors;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">communicating to the Chairman and CEO the substance of
the discussions and consensus reached at the meetings of independent Directors;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">encouraging the independent Directors and the Chairman
and CEO to communicate with each other at any time and to act as principal liaison between the independent Directors and the Chairman
and CEO on sensitive matters;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">providing input to the Chairman and CEO on preparation
of agendas for Board and committee meetings;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">presiding at Board meetings when the Chairman and CEO
is not in attendance;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">acting as spokesperson for the Corporation in the event
the Chairman and CEO is unable to act due to conflict of interest or incapacity; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">receiving and responding to communications from interested
parties to the independent Directors. </TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Abbie J. Smith has been the Lead Director since May 2014.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board regularly meets in executive session without
the presence of management and the independent Directors meet at least quarterly without the presence of management or the CEO.
The Lead Director presides at these meetings and provides the Board&rsquo;s guidance and feedback to the Chairman and CEO and the Corporation&rsquo;s
management team. Further, the Board has regular and complete access to the Corporation&rsquo;s management team. At each Board and committee
meeting, Directors receive valuable information and insight from management on matters impacting the Corporation as well as current
and future issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Given the strong leadership of the Chairman and CEO,
the counterbalancing role of the Lead Director and a Board comprised of strong and independent Directors, the Board believes it
is in the best long-term interests of the Corporation and its shareholders to maintain a combined role of Chairman and CEO.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Board&rsquo;s Role in Risk Oversight</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board administers its risk oversight role primarily
through its committee structure and the committees&rsquo; regular reports to the Board at each quarterly Board meeting. The Audit Committee
meets frequently during the year (eight times in 2016) and discusses with management, the Corporation&rsquo;s Vice President, Internal
Audit, and the Corporation&rsquo;s independent registered public accountant:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">current business trends affecting the Corporation;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">major risks facing the Corporation;</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">steps management has taken to monitor and control such
risks; and</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left">&#9679;</TD><TD STYLE="text-align: justify">adequacy of internal controls that could significantly
affect the Corporation&rsquo;s financial statements.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At least annually, the Board discusses with management
the appropriate level of risk relative to corporate strategy and business objectives and reviews with management the Corporation&rsquo;s
existing risk management processes and their effectiveness. The Audit Committee also reviews the Corporation&rsquo;s enterprise risk
management process for identification of, and response to, major risks. The Audit Committee provides the Board with a report concerning
its risk oversight activities at each quarterly Board meeting. Each key risk identified for the Corporation is referred to the
Board or assigned a committee of the Board for oversight and each committee regularly reports to the Board regarding these risks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Compensation Risk Assessment</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A senior management team, under the oversight of the
Compensation Committee, annually conducts a risk assessment of the Corporation&rsquo;s compensation policies and practices to ensure
they do not encourage excessive risk taking by members which could result in a material adverse effect on the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based on this most recent compensation risk assessment,
both management and the Compensation Committee believe the risks arising from the Corporation&rsquo;s compensation policies and practices,
as managed, are not reasonably likely to have a material adverse effect on the Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><B>Board Meetings</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board held four regular meetings
and no special meetings during 2016. All current Directors attended 100% of the meetings of the Board and of any committee on
which he or she served.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with the NYSE listing standards
regarding corporate governance and the Governance Guidelines, the Corporation&rsquo;s non-management Directors meet in executive sessions
without management present at each regular Board meeting. Ms. Smith, Lead Director, presides at these executive sessions. The
Corporation&rsquo;s non-management Directors met in executive sessions at all four regular Board meetings during 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Director Attendance at Annual Meetings
of Shareholders</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All Directors are encouraged to attend
annual meetings of shareholders when possible. Last year all Directors attended the 2016 annual meeting of shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Shareholder Communications with
the Board</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shareholders
and interested parties may communicate with the Lead Director, the Chairperson of the Governance Committee, the Senior Vice President,
General Counsel and Secretary, or with the Corporation&rsquo;s non-management Directors as a group, by sending an email to</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;BoardOfDirectors@hnicorp.com&rdquo;
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">or by writing to Lead Director, Chairperson
of the Governance Committee, Senior Vice President, General Counsel and Secretary or Non-Management Directors at HNI Corporation,
600 East Second Street, Muscatine, Iowa 52761, Attention: Corporate Secretary. All communications received will be opened by the
office of the Corporate Secretary for the sole purpose of determining whether the contents are a message to the Directors. Any
communications not in the nature of advertising or promotions of a product or service will be promptly forwarded to the appropriate
party.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="hnidef14a050917a006"></A>REVIEW, APPROVAL OR RATIFICATION
OF TRANSACTIONS WITH RELATED PERSONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Corporation has adopted a written
policy for review of transactions involving the Corporation (including the Corporation&rsquo;s subsidiaries) and its Directors, executive
officers and other related persons. The transactions subject to the policy include proposed, existing or completed transactions,
arrangements or relationships in which the Corporation is a participant and in which any Director, executive officer or other
related person has a direct or indirect material interest except:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">transactions available to all members
                                         generally;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">transactions involving less than
                                         $100,000 when aggregated with all similar transactions;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">transactions involving compensation
                                         or indemnification of executive officers and Directors duly authorized by the appropriate
                                         Board committee;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">transactions involving reimbursement
                                         for routine expenses in accordance with Corporation policy;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">transactions in which a related
                                         person&rsquo;s interest arises (a) only from the person&rsquo;s position as a director of a corporation
                                         or organization, (b) only from the person&rsquo;s direct or indirect ownership (which will
                                         include the ownership of any immediate family members of the related person) of less
                                         than a 10% equity interest in another person (other than a partnership) or (c) from the
                                         position as a director and ownership of less than 10%;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">transactions in which a related
                                         person&rsquo;s interest arises only from the ownership of a class of equity securities of the
                                         Corporation and all holders of the class receive the same benefits on a pro rata basis;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">transactions in which the rate charged
                                         by a related person is determined by competitive bid; and</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">purchases of any products on the
                                         same terms available to all members generally.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Corporation&rsquo;s Office of the General
Counsel (the &ldquo;General Counsel&rdquo;) performs the initial review of all transactions subject to the policy. Factors to be
considered by the General Counsel in reviewing the transaction include:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">whether the transaction is in conformity
                                         with the Corporation&rsquo;s Member Code of Integrity (the code of business conduct and ethics)
                                         (the &ldquo;Ethics Code&rdquo;), the Governance Guidelines, the By-laws and other related
                                         policies, including outside business activities of officers and managers, outside directorships
                                         of officers and conflicts of interest, and is in the best interests of the Corporation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">whether the transaction is in the
                                         ordinary course of the Corporation&rsquo;s business;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">whether the transaction is on terms
                                         comparable to those that could be obtained in arm&rsquo;s length dealings with an unrelated
                                         third party;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">the disclosure standards set forth
                                         in Item 404 of Regulation S-K or any similar provision; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0 0.5in; text-indent: -0.5in"></P>

<!-- Field: Page; Sequence: 15; Options: NewSection; Value: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">whether the transaction could call
                                         into question the status of any Director or Director nominee as an independent director
                                         under the NYSE listing standards pertaining to director independence and the Categorical
                                         Standards.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">After reviewing the terms of the proposed transaction and
taking into account the factors set forth above, the General Counsel will either:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">approve the transaction if entered
                                         into in the ordinary course of business, for an aggregate amount of $120,000 or less
                                         and on terms comparable to those that could be obtained in arm&rsquo;s length dealings with
                                         an unrelated third party;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">disallow the transaction if not
                                         in the best interests of the Corporation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">recommend the Audit Committee review
                                         the transaction in advance; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">allow the transaction, subject to
                                         ratification by the Audit Committee, but only if the interests of the Corporation will
                                         be best served by allowing the transaction to proceed.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Quarterly, the General Counsel reports
to the Audit Committee each known transaction to be considered by the Audit Committee pursuant to the policy, including the proposed
aggregate value of each transaction and any other relevant information. After review, the Audit Committee approves, ratifies or
disallows each transaction in accordance with the guidelines set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If the General Counsel learns of an ongoing or completed transaction,
arrangement or relationship not submitted for prior review and approval, the General Counsel will:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">in the case of an ongoing transaction,
                                         submit it to the Audit Committee for ratification, amendment or termination; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">in the case of a completed transaction,
                                         submit it to the Audit Committee for ratification, amendment or rescission.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For purposes of the policy, an &ldquo;executive
officer&rdquo; is an executive officer of the Corporation subject to Section 16 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For purposes of the policy, a &ldquo;related
person&rdquo; is:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">an executive officer, Director or
                                         Director nominee of the Corporation;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">a person who is an immediate family
                                         member (including a person&rsquo;s spouse, parents, stepparents, children, stepchildren, siblings,
                                         fathers- and mothers-in-law, sons- and daughters-in-law, brothers- and sisters-in-law,
                                         and anyone (other than members) who share the person&rsquo;s home) of an executive officer,
                                         Director or Director nominee;</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">a shareholder owning in excess of
                                         5% of the Corporation&rsquo;s voting securities (or its controlled affiliates), or an immediate
                                         family member of such 5% shareholder; or</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0%"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">an entity which is owned or controlled
                                         by a related person or an entity in which a related person has a substantial ownership
                                         interest.</TD></TR></TABLE>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center"></P>

<!-- Field: Page; Sequence: 16; Value: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center"><B><A NAME="hnidef14a050917a007"></A>CERTAIN RELATIONSHIPS AND
RELATED TRANSACTIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">State Farm beneficially owns more than
5% of Common Stock. One of the Corporation&rsquo;s office furniture business units has an office furniture purchase agreement with State
Farm Insurance Companies. State Farm purchased approximately $283,624 of office furniture and related services in 2016. The Corporation&rsquo;s
General Counsel reviewed and approved the transaction and informed the Audit Committee in accordance with the Corporations related
party transactions policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="hnidef14a050917a008"></A>CODE OF BUSINESS CONDUCT AND ETHICS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Corporation maintains the Ethics Code as part of its corporate compliance program. The Ethics Code applies to all Directors and
members (i.e., employees), including the Corporation&rsquo;s principal executive officer, principal financial officer, principal
accounting officer or controller or persons performing similar functions. The Ethics Code is available for download on the Corporation&rsquo;s
website at <U>www.hnicorp.com</U>, under &ldquo;<I>Investors - Corporate Governance - Member Code of Integrity</I>.&rdquo; The
Corporation intends to disclose amendments to or waivers of the Ethics Code granted to the individual executive officers listed
above and the Directors on the Corporation&rsquo;s website within four business days of such amendment or waiver. Shareholders
may request a copy of the Ethics Code by writing to the Corporate Secretary at HNI Corporation, 600 East Second Street, Muscatine,
Iowa 52761.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="hnidef14a050917a009"></A>ANTI-HEDGING POLICY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Corporation&rsquo;s insider trading policy
prohibits hedging transactions. Specifically, the Corporation prohibits members, directors, or their designees, from hedging their
ownership of the Corporation&rsquo;s Common Stock (including <FONT STYLE="color: #0F0F0F">prepaid variable forwards, equity swaps, collars
and exchange funds), engaging in short sales or purchasing put or call options, pledging their shares of the Corp</FONT>oration&rsquo;s
Common <FONT STYLE="color: #0F0F0F">Stock, holding them in a margin account or engaging in short-term transactions with shares
of the Corporation&rsquo;s Common Stock</FONT>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><A NAME="hnidef14a050917a010"></A>CORPORATE GOVERNANCE GUIDELINES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Governance Guidelines are available for download on the Corporation&rsquo;s website at <U>www.hnicorp.com</U>, under &ldquo;<I>Investors
- Corporate Governance - Governance Guidelines</I>.&rdquo; Shareholders may request a copy of the Governance Guidelines by writing
to the Corporate Secretary at HNI Corporation, 600 East Second Street, Muscatine, Iowa 52761.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 17; Value: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B><I><A NAME="hnidef14a050917a011"></A>PROPOSAL NO. 2 &ndash; </I>RATIFICATION
OF AUDIT COMMITTEE&rsquo;S SELECTION OF KPMG LLP AS THE CORPORATION&rsquo;S</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INDEPENDENT REGISTERED PUBLIC ACCOUNTANT
FOR FISCAL 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Audit Committee has selected KPMG
LLP (&ldquo;KPMG&rdquo;) as the Corporation&rsquo;s independent registered public accountant for Fiscal 2017.</P>

<P STYLE="font: 10pt/6.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board proposes shareholders ratify
the Audit Committee&rsquo;s selection of KPMG to serve as the Corporation&rsquo;s independent registered public accountant for Fiscal 2017.
The Audit Committee is directly responsible for the appointment of the independent registered public accountant. Although shareholder
ratification of the Audit Committee&rsquo;s selection of the independent registered public accountant is not required by the By-laws
or otherwise, the Corporation is submitting the selection of KPMG to its shareholders for ratification to permit shareholders
to participate in this important decision. If the shareholders fail to ratify the Audit Committee&rsquo;s selection of KPMG as the Corporation&rsquo;s
independent registered public accountant for Fiscal 2017 at the Meeting, the Audit Committee will reconsider the selection, although
the Audit Committee will not be required to select a different independent registered public accountant.</P>

<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Representatives of KPMG will be present
at the Meeting, have an opportunity to make a statement if they so desire and be available to respond to appropriate questions.</P>

<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Change in Independent Accounting
Firm</B></P>

<P STYLE="font: 10pt/6.5pt Times New Roman, Times, Serif; margin: 0.05pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Audit Committee, at its meeting January
13, 2015, approved the appointment of KPMG to serve as the Corporation&rsquo;s independent registered public accounting firm for Fiscal
2015 and dismissed PricewaterhouseCoopers LLP (&ldquo;PwC&rdquo;) effective upon the issuance of its reports on the consolidated
financial statements as of and for the fiscal year ended January 2, 2015 and the effectiveness of internal control over financial
reporting as of January 2, 2015 to be included in the Corporation&rsquo;s Form 10-K for fiscal year ended January 3, 2015. On February
27, 2015, the Corporation filed its 2015 Annual Report on Form 10-K and its auditor-client relationship with PwC ended.</P>

<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The reports of PwC on the Corporation&rsquo;s
consolidated financial statements as of and for the years ended January 2, 2015 and December 28, 2013 did not contain an adverse
opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.</P>

<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the years ended January 2, 2015 and
December 28, 2013, and during the subsequent interim period through February 27, 2015, there were no disagreements between the
Corporation and PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or
procedure, which disagreements, if not resolved to the satisfaction of PwC, would have caused PwC to make reference thereto in
their reports on the Corporation&rsquo;s financial statements for those periods, and there were no reportable events within the
meaning of Item 304(a)(1)(v) of Regulation S-K.</P>

<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Corporation provided PwC with a copy
of the disclosures above made in a Current Report on Form 8-K/A, prior to its filing and requested from PwC a letter addressed
to the SEC indicating whether it agrees with the disclosures. PwC provided the requested letter, which is attached as Exhibit
16.1 to the Corporation&rsquo;s Form 8-K/A filed on February 27, 2015.</P>

<P STYLE="font: 10pt/6pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the fiscal years ended January 2, 2015
and December 28, 2013 and the subsequent interim period through February 27, 2015, the Corporation did not consult with KPMG regarding
(i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion
that might be rendered on the Corporation&rsquo;s financial statements, and neither a written report nor oral advice was provided
to the Corporation that KPMG concluded was an important factor considered by the Corporation in reaching a decision as to an accounting,
auditing or financial reporting issue; (ii) any matter subject to a disagreement within the meaning of Item 304(a)(1)(iv) of Regulation
S-K; or (iii) any reportable event within the meaning of Item</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">304(a)(1)(v) of Regulation S-K.</P>

<P STYLE="font: 10pt/6.5pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/12.4pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Recommendation
of the Board</B></FONT></P>

<P STYLE="font: 10pt/12.4pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt/12.4pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center; border-left: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><B><I>THE BOARD RECOMMENDS A VOTE
    &ldquo;FOR&rdquo; RATIFICATION OF THE AUDIT COMMITTEE&rsquo;S SELECTION OF KPMG LLP AS THE CORPORATION&rsquo;S INDEPENDENT
    REGISTERED PUBLIC ACCOUNTANT FOR FISCAL 2017.</I></B></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="border-left: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt/12.4pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;<I>&nbsp;</I></B></FONT></P>


<!-- Field: Page; Sequence: 18; Value: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 4pt 0 0; text-align: center"><B><A NAME="hnidef14a050917a012"></A>AUDIT COMMITTEE REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Board has adopted a written charter for the Audit Committee. A current copy of the charter is available on the Corporation&rsquo;s website
at</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">www.hnicorp.com,
</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">under &ldquo;Corporate Governance - Committee
Charters.&rdquo; The primary functions of the Audit Committee are set forth in its charter and on page 8 of this Proxy Statement
under &ldquo;Information Regarding the Board - Board Committees.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">All members of the Audit Committee are
independent as defined in Section 303A.02 of the NYSE Listed Company Manual, Exchange Act Rule 10A-3(b)(1) and the Categorical
Standards.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management has represented to the Audit Committee
the Corporation&rsquo;s consolidated financial statements were prepared in accordance with accounting principles generally accepted
in the United States of America, and the Audit Committee has reviewed and discussed the consolidated financial statements with
management and KPMG LLP, the Corporation&rsquo;s independent registered public accountant. Management has also represented it
has assessed the effectiveness of the Corporation&rsquo;s internal control over financial reporting as of December 31, 2016, and
has determined that, as of that date, the Corporation maintained effective internal control over financial reporting. The Audit
Committee has reviewed and discussed with management and the Corporation&rsquo;s independent registered public accountant this
assessment of internal control over financial reporting. The Audit Committee has also discussed with the Corporation&rsquo;s independent
registered public accountant its evaluation of the accounting principles, practices and judgments applied by management, and the
Audit Committee has discussed any items required to be communicated to it by the Corporation&rsquo;s independent registered public
accountant in accordance with regulations promulgated by the SEC and the Public Company Accounting Oversight Board (the &ldquo;PCAOB&rdquo;)
including the matters required to be discussed by Auditing Standards No. 16, as adopted by the PCAOB.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Audit Committee received and reviewed
the written disclosures and the letter from the Corporation&rsquo;s independent registered public accountant required by applicable
requirements of the PCAOB regarding the Corporation&rsquo;s independent registered public accountant&rsquo;s communications with the Audit
Committee concerning independence and discussed with the Corporation&rsquo;s independent registered public accountant its independence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Based on the reviews and discussions
referred to above, the Audit Committee recommended to the Board the consolidated financial statements referred to above be included
in the Corporation&rsquo;s Annual Report on Form 10-K for the year ended December 31, 2016, for filing with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>AUDIT COMMITTEE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">Cheryl A. Francis, Chairperson</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">John R. Hartnett</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">Larry B. Porcellato</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 19; Value: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: center"><B><A NAME="hnidef14a050917a013"></A>FEES INCURRED FOR KPMG LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.9pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The following table sets forth the aggregate fees billed
to the Corporation for the audit and other services provided by KPMG LLP for fiscal 2016 and for fiscal 2015:</P>

<P STYLE="font: 10pt/9pt Times New Roman, Times, Serif; margin: 0.35pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 80%; margin-left: 0.5in">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Fiscal 2016</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: right; border-bottom: Black 1pt solid">Fiscal 2015</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 74%; font-size: 10pt; text-align: left; text-indent: -0.5in; padding-left: 0.5in">Audit Fees (1)</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">1,469,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="width: 1%; font-size: 10pt; text-align: left">$</TD><TD STYLE="width: 10%; font-size: 10pt; text-align: right">1,300,000</TD><TD STYLE="width: 1%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Audit-Related Fees (2)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">51,829</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&mdash;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">Tax Fees (3)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">196,137</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">278,389</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt; text-align: left">All Other Fees</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right; border-bottom: Black 1pt solid">&mdash;</TD><TD STYLE="font-size: 10pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font-size: 10pt">Total</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">1,716,966</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">$</TD><TD STYLE="font-size: 10pt; text-align: right">1,578,389</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt/10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 84%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(1)</TD><TD STYLE="text-align: justify">Audit fees represent fees for professional services
provided in connection with the audit of the annual financial statements, review of quarterly financial statements and audit services
provided in connection with other statutory and regulatory filings or engagements.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 84%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(2)</TD><TD STYLE="text-align: justify">Audit-related fees represent accounting consultations.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 84%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in; text-align: left">(3)</TD><TD STYLE="text-align: justify">Tax fees represent fees billed for tax compliance, tax
advice and tax planning.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0.3pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>Pre-Approval of Fees</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Audit Committee may delegate to one
or more members of the Audit Committee as it designates the authority to pre-approve audit-related and non-audit services not
prohibited by law to be performed by the Corporation&rsquo;s independent registered public accountant and associated fees. The delegated
member or members must report any such pre-approvals of audit-related or non-audit related services and fees to the Audit Committee
at its next scheduled meeting. All of the fees incurred in fiscal 2016 and fiscal 2015 were approved by the Audit Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 20; Value: 11 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a014"></A>EXECUTIVE COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B><A NAME="hnidef14a050917a015"></A>Compensation
Discussion and Analysis</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Our CD&amp;A describes the key features
of our executive compensation program and the Compensation Committee&rsquo;s approach in deciding 2016 compensation for our Named
Executive Officers:&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 98%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 75%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="padding-left: 5.4pt"><FONT STYLE="color: white"><B>Name</B></FONT></TD>
    <TD><FONT STYLE="color: white"><B>Title</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt">Stan A. Askren</TD>
    <TD>Chairman, President and Chief Executive Officer, HNI Corporation</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt">Kurt A. Tjaden</TD>
    <TD>Former Chief Financial Officer, HNI Corporation (currently President, HNI International and continuing to serve as Senior Vice President, HNI Corporation)*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt">Jerald K. Dittmer</TD>
    <TD>Executive Vice President, HNI Corporation; President, The HON Company</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt">Jeffrey D. Lorenger</TD>
    <TD>Executive Vice President, HNI Corporation; President, HNI Contract Furniture Group</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt">Marco V. Molinari</TD>
    <TD>Former Executive Vice President, HNI Corporation; President, HNI International*</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">*Mr. Tjaden was appointed President, HNI
International, effective January 19, 2017, replacing Marco V. Molinari who retired January 31, 2017. Marshall H. Bridges was appointed
Vice President and Chief Financial Officer, effective January 19, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The CD&amp;A is divided into five parts:&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016
Financial Highlights&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Compensation Overview&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Compensation Objectives and Governance&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive
Compensation Elements&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional
Compensation Programs and Policies</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Following the CD&amp;A is a Compensation Committee Report and
compensation tables.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>1. 2016 Financial Highlights&nbsp;</B></FONT></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In 2016, we achieved solid financial performance,
made significant progress toward our long-term strategic and financial goals, and delivered attractive cash returns to our stockholders.
We delivered an improvement in non-GAAP earnings on lower sales. We improved our operating margin while continuing significant
long-term investments, transforming and restructuring multiple operations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red"><IMG SRC="hnidef14a050917003.jpg" ALT="(BAR CHART)"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">*Amounts represent non-GAAP values. See
GAAP to non-GAAP reconciliation in Appendix A to this Proxy Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 21; Options: NewSection; Value: 17 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>2. Executive Compensation
Overview</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>Primary Compensation Elements&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The primary elements of our compensation program are base salary,
and annual and long-term performance-based incentive opportunities. These primary elements were chosen to attract the best talent
and drive long-term shareholder value creation.&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 35%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="color: white"><B>Element</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Description</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Purpose</B></FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><B>Base Salary</B><BR>
<B>(see page 21)</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Annual cash compensation.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Compensation for expected day-to-day responsibilities. Pay adjustments are based on capabilities, responsibilities and market factors.</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><B>Annual Incentive Opportunity</B><BR>
<B>(see page 21)</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Targeted variable compensation equal to a percentage of base salary paid once a year and based 80% on economic profit and 20% on individual objectives.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Focus executives on annual performance goals, typically financially driven.</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="text-align: center; padding-right: 5.4pt; padding-left: 5.4pt"><B>Long-term Incentive Opportunity</B><BR>
<B>(see page 24)</B></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Variable performance compensation typically in the form of stock options, restricted stock units and cash earned at the end of three-year period based on economic profit goals.</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">Align executives&rsquo; decisions with long-term shareholder value creation. Promote executive retention.</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>Other Key Compensation Practices</B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Compensation Committee regularly reviews developments in
executive compensation and governance and adjusts our practices and policies.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 63%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="text-align: center; padding-left: 5.4pt"><FONT STYLE="color: white"><B>Compensation Practice</B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>HNI Practice</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="text-align: center; padding-left: 5.4pt"><FONT STYLE="color: white"><B><I>What We Do</I></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Pay for performance</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>A large majority of executive compensation is based on achievement of long-term value creation.</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Stock ownership guidelines</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>Stock ownership guidelines require the CEO to hold shares valued at 5x base salary and other Named Executive Officers at 3x base salary.</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Double trigger change in control</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>Both a change in control and involuntary termination are required for the change in control agreement to take effect.</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Clawback policy</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>Performance-based compensation will be canceled or reclaimed if an executive engages in fraud or financial misconduct.</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Anti-hedging policy</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>Officers and directors are prohibited from hedging or pledging transactions with respect to HNI stock.</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Independent compensation Consultant</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>The Compensation Committee engages an independent compensation consultant who works only for the Committee.</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Annual shareholder Say on Pay</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>The Corporation holds an annual advisory vote regarding Named Executive Officer compensation.</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Annual compensation risk assessment</B></TD>
    <TD STYLE="text-align: center">&radic;</TD>
    <TD>The Compensation Committee reviews a risk assessment of Named Executive Officer compensation program every year.</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="text-align: center; padding-left: 5.4pt"><FONT STYLE="color: white"><B><I>What We Don&rsquo;t Do</I></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="padding-left: 5.4pt">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.4pt"><B>No repricing of underwater options</B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">X</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">Underwater options are not repriced or replaced.</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.4pt"><B>No perquisites</B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">X</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">Perquisites are not provided to executives or directors.</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.4pt"><B>No employment contracts</B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">X</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">Neither the CEO nor any other Named Executive Officers have an employment contract.</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.4pt"><B>No dividends on unearned performance awards</B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">X</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-top: 1pt; padding-bottom: 1pt; text-align: left">Dividends are not paid on restricted stock units.</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.4pt"><B>No supplemental executive benefits</B></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">X</FONT></TD>
    <TD STYLE="vertical-align: top; padding-top: 1pt; padding-bottom: 1pt">Executive officers are not offered additional benefits beyond those generally available to all members.</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 22; Value: 17 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>3. Executive Compensation
Objectives and Governance</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>Philosophy and Objective</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation&rsquo;s Board believes
in aligning the compensation of the Corporation&rsquo;s leadership with creating long-term value for shareholders and other important
stakeholders, including members and customers. Governance of the executive compensation program, including hands-on involvement
of the Compensation Committee, is guided by this principle.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>Pay for
Performance</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The executive compensation program for
2016 highlights the Corporation&rsquo;s pay for performance philosophy, with a large majority of each senior executive&rsquo;s
compensation tied to the achievement of long-term value creation, awarded through performance-based annual and long-term awards
and stock options. Shareholders have continued to voice their support for the Corporation&rsquo;s pay for performance compensation
program&mdash; approximately 96% of votes cast in last year&rsquo;s Say on Pay vote approved the compensation of the Named Executive
Officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation believes economic profit
is the best indicator of long-term shareholder value creation and uses economic profit to measure financial performance goal achievement
under the annual and long-term incentive plans. Economic profit is defined as after-tax operating profit less a charge for invested
capital. Economic profit promotes the simultaneous optimization of growth, earnings and capital efficiency.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>Pay Mix</B></FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For 2016, the target compensation mix for
the CEO and other Named Executive Officers is shown below. Approximately 81% of CEO compensation and 72% of all other Named Executive
Officers&rsquo; compensation is considered variable based on achieving financial and strategic objectives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red"><IMG SRC="hnidef14a050917004.jpg" ALT="(PIE CHART)"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: Red">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 12pt"><B>Compensation Committee and
Independent Directors&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee has primary
responsibility for design and implementation of the executive compensation program. The Compensation Committee reviews and recommends
to the Board for approval by the independent Directors all elements of the CEO&rsquo;s compensation. The Compensation Committee
considers recommendations from the CEO and approves all elements of compensation of the Named Executive Officers (other than the
CEO) except equity grants which are approved by the independent Directors, upon recommendation by the Compensation Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation&rsquo;s Member and Community
Relations, Law, and Finance Departments support the Compensation Committee and the Board in a variety of ways related to executive
compensation, including conducting executive compensation benchmarking, preparing compensation-related materials and providing
updates on corporate governance laws and best practices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee occasionally
retains an outside compensation consultant to provide recommendations for structuring and designing the Corporation&rsquo;s executive
compensation program, selecting a peer group for benchmarking, and establishing competitive incentive award targets. Neither the
Corporation nor the Compensation Committee engaged a compensation consultant in 2016. The Compensation Committee engaged Frederic
W. Cook &amp; Co., Inc. (&ldquo;FW Cook&rdquo;) to serve as the compensation consultant</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 23; Value: 17 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->19<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">in 2015 and determined, based on an analysis
of relevant factors including those required by the SEC, FW Cook had no conflict of interest in providing services to the Compensation
Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>Compensation
Program Changes in 2016 and 2017&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee did not make
any structural changes to the executive compensation program in 2016. In 2017, 20% of the Annual Incentive for executives is based
on achievement of the Board approved organic sales plan; in 2016, this 20% was based on achievement of individual objectives. The
remaining 80% of the award will continue to be based on economic profit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 12pt"><B>Benchmarking
with Market Data</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>CEO Benchmarking&nbsp;</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee compares our
CEO compensation to the below-listed peer companies. The Compensation Committee includes companies in similar industries or with
a similar level of business complexity, manufacturing approach, or go-to market structure with whom we may compete for talent.
Additionally, the Compensation Committee considers the relative size of the companies, including market capitalization and net
sales, business models featuring decentralized operating units, and employee headcount. In 2015, FW Cook provided analysis and
recommendations on the Corporation&rsquo;s peer group, resulting in the removal of BE Aerospace Inc. and the addition of Kennametal
Inc. to the peer group for 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 80%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 30%; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: black">
    <TD STYLE="text-align: center; padding-left: 5.4pt"><FONT STYLE="color: white"><B>Company</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Annual</B></FONT><BR>
<FONT STYLE="color: white"><B>Revenues</B></FONT><BR>
<FONT STYLE="color: white"><B>($ billions)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Company</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Annual</B></FONT><BR>
<FONT STYLE="color: white"><B>Revenues</B></FONT><BR>
<FONT STYLE="color: white"><B>($ billions)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Leggett &amp; Platt, Incorporated</B></TD>
    <TD STYLE="text-align: center">$3.9</TD>
    <TD STYLE="padding-left: 5.4pt"><B>A.O. Smith Corporation</B></TD>
    <TD STYLE="text-align: center">$2.5</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Carlisle Companies Incorporated</B></TD>
    <TD STYLE="text-align: center">$3.5</TD>
    <TD STYLE="padding-left: 5.4pt"><B>Armstrong World Industries, Inc.</B></TD>
    <TD STYLE="text-align: center">$2.4</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Lennox International Inc.</B></TD>
    <TD STYLE="text-align: center">$3.5</TD>
    <TD STYLE="padding-left: 5.4pt"><B>Donaldson Company, Inc.</B></TD>
    <TD STYLE="text-align: center">$2.2</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Regal Beloit Corporation</B></TD>
    <TD STYLE="text-align: center">$3.5</TD>
    <TD STYLE="padding-left: 5.4pt"><B>Herman Miller, Inc.</B></TD>
    <TD STYLE="text-align: center">$2.2</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Snap-On Incorporated</B></TD>
    <TD STYLE="text-align: center">$3.4</TD>
    <TD STYLE="padding-left: 5.4pt"><B>Kennametal Inc.</B></TD>
    <TD STYLE="text-align: center">$2.1</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Steelcase Inc.</B></TD>
    <TD STYLE="text-align: center">$3.1</TD>
    <TD STYLE="padding-left: 5.4pt"><B>Briggs &amp; Stratton Corporation</B></TD>
    <TD STYLE="text-align: center">$1.8</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5.4pt"><B>Valmont Industries, Inc.</B></TD>
    <TD STYLE="text-align: center">$2.6</TD>
    <TD STYLE="padding-left: 5.4pt"><B>Actuant Corporation</B></TD>
    <TD STYLE="text-align: center">$1.2</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5.4pt"><B>Lincoln Electric Holdings Inc.</B></TD>
    <TD STYLE="text-align: center">$2.5</TD>
    <TD STYLE="padding-left: 5.4pt"><B>Knoll Inc.</B></TD>
    <TD STYLE="text-align: center">$1.1</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 1.18in; text-indent: 0in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0; text-indent: 10%; text-align: justify"><I>HNI
Corporation annual revenue: $2.3 Billion.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">At the direction of the Compensation Committee,
FW Cook conducted a comprehensive compensation analysis for chief executive officers of peer group companies (&ldquo;CEO Compensation
Review&rdquo;) in 2015 based on data available from 2014. While the Compensation Committee reviews compensation levels and practices
every year, it requests a thorough market analysis every two years as pay practices and market pay ranges do not change dramatically
over a one year period.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee utilized the
CEO Compensation Review to establish the elements and targets of the CEO&rsquo;s compensation for 2016, aged using a 3% annual
increase to the base salary data. The target for total CEO compensation is set at the median of the peer group.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Market Data for Other Named Executive
Officers</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee annually monitors
base salary and annual and long-term incentive compensation of more than 3,000 companies using the following commercially available
compensation survey reports (collectively, the &ldquo;Survey Reports&rdquo;):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Towers Watson, U.S. Compensation Data Bank &ndash; General Industry Executive Database, Single
Regression Report dated March 1, 2015;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Mercer Human Resource Consulting &ndash; US Mercer Benchmark Database, Executive Compensation Survey
dated August 1, 2015; and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">Towers Watson Data Services &ndash; CompSource Online, Survey Report on Top Management Compensation
dated March 1, 2015.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


<!-- Field: Page; Sequence: 24; Value: 17 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->20<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; text-indent: -0.25in">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2016, the Compensation Committee followed its regular process of using the Survey Reports to help establish the elements and ta<FONT STYLE="letter-spacing: -0.2pt">r</FONT>gets
of the Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers&rsquo; compensation (except the CEO), considering the responsibilities
and capabilities of each executive o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>fice<FONT STYLE="letter-spacing: -0.6pt">r</FONT>.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font-size: 10pt; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>4.
    Executive Compensation Elements</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Base
Salary</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
2016, the base salary for each Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer was appropriately indexed from
the market median for the relevant position. M<FONT STYLE="letter-spacing: -0.6pt">r</FONT>. Askren<FONT STYLE="letter-spacing: -0.6pt">&rsquo;</FONT>s
base salary was set slightly above the market median in recognition of his demonstrated leadership, track record of performance
over multiple economic cycles, significant capabilities highly relevant to the businesses and operations of the Corporation, and
additional role as Chairman of the Board.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Actual
base salaries may be higher or lower than the market median based on the following factors, which are considered annually by the
Compensation Committee (and independent Directors in the case of the CEO&rsquo;s base salary) when determining changes in base salary:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">demonstrated
                                         growth, development and advancement;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">individual
                                         performance and competency; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">value
                                         of experience both in service to the Corporation and other experience.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Compensation Committee conducts the CEO&rsquo;s annual base salary review at the February Board meeting and all independent Directors
participate with the Compensation Committee in this revie<FONT STYLE="letter-spacing: -0.7pt">w</FONT>. For other executive o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers,
the Compensation Committee normally approves base salary changes annually at the Board meeting prior to the anniversary date of
each o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer&rsquo;s appointment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Based
on a combination of performance, personal growth and market factors, the Compensation Committee (and with respect to the CEO&rsquo;s
base salar<FONT STYLE="letter-spacing: -0.7pt">y</FONT>, the independent Directors) awarded the following base salaries:&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>2015
    Annual</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>&nbsp;Base Salary</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>2016
    Annual</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>&nbsp;Base Salary</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Inc<FONT STYLE="letter-spacing: -0.15pt">r</FONT>ease</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Inc<FONT STYLE="letter-spacing: -0.15pt">r</FONT>ease</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>(%)</B></FONT></FONT></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>App<FONT STYLE="letter-spacing: -0.15pt">r</FONT>oximate</B></FONT>&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Market
        Median</B><BR>
        <B>Annual Base</B><BR>
        <B>Salary</B><BR>
        <B>($)</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P></TD>
    <TD><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2016
        Base Salary</B><BR>
        <B>as Pe<FONT STYLE="letter-spacing: -0.15pt">r</FONT>centage of</B><BR>
        <B>Market Median</B><BR>
        <B>(%)</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,086,750</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,135,654</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48,904</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">980,792</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">116</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">423,550</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">440,490</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,940</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">461,462</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">95</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">475,755</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">491,930</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,175</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">486,213</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">101</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Je<FONT STYLE="letter-spacing: -0.15pt">f</FONT>frey
    D. Lorenger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">447,100</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">467,220</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20,120</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.5</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">485,229</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">96</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco <FONT STYLE="letter-spacing: -1.25pt">V</FONT>.
    Molinari</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">408,477</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">416,646</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,169</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">419,534</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
increases awarded to these individuals were generally consistent with the average increase for members across the Corporation.
Base salary comprised no more than 29% of any Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer&rsquo;s compensation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Annual
Incentive</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Named Executive Officers are eligible for annual incentive compensation under the Annual Incentive Plan. The Annual Incentive
Plan design encourages focus by the Named Executive Officers on both annual financial
achievements and individual contributions to the Corporation&rsquo;s strategic objectives.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
2016, key features of the Annual Incentive Plan were:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 80%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 43%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="background-color: black; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Award
    Target as a % of Base Salary</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="background-color: black; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Basis
    of Award Achievement</B></FONT></TD></TR>





<TR STYLE="vertical-align: top">
    <TD STYLE="background-color: #A7A7A7"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CEO</FONT></TD>
    <TD STYLE="background-color: #A7A7A7; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">120%</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #A7A7A7"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Achievement
    of Financial Performance Goals</FONT></TD>
    <TD STYLE="background-color: #A7A7A7; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">80%</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="background-color: #CCCCCC"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other Named
    Executive Officers</FONT></TD>
    <TD STYLE="background-color: #CCCCCC; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75%</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="background-color: #CCCCCC"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Attainment
    of Individual Objectives</FONT></TD>
    <TD STYLE="background-color: #CCCCCC; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
CEO&rsquo;s annual incentive compensation award target is a greater percentage of base salary than the targets for the other Named Executive
Officers because the CEO has the greatest potential impact on the Corporation&rsquo;s annual performance.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 25; Options: NewSection; Value: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->21<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
awards are paid in February following the year in which they are earned. Termination of employment other than due to death, disability,
retirement or a change in control of the Corporation prior to the end of the year in which an award is earned results in loss
of outstanding awards. The awards are paid in cash unless the executive requests and the Compensation Committee approves taking
all or part of the payment in the form of Common Stock or the Compensation Committee determines the executive&rsquo;s stock ownership
does not reflect appropriate progress toward the executive&rsquo;s goal.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Annual Incentive Plan, the Corporation achieved economic profit of $43.0 million in 2016, compared to economic profit of $53.3
million for 2015. The following table sets forth aggregate payouts under the Annual Incentive Plan for each Named Executive Officer
for 2016:&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 95%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 15%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B></B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Annual</B></FONT><BR>
    <FONT STYLE="color: white"><B>Incentive</B></FONT><BR>
    <FONT STYLE="color: white"><B>Compensation</B></FONT><BR>
    <FONT STYLE="color: white"><B>Award Target</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Actual
    Award</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Payout</B></FONT><BR>
    <FONT STYLE="color: white"><B>Attributable to</B></FONT><BR>
    <FONT STYLE="color: white"><B>Financial Goals</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Actual
    Award <BR>
Payout</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Attributable to</B></FONT><BR>
    <FONT STYLE="color: white"><B>Individual</B></FONT><BR>
    <FONT STYLE="color: white"><B>Objectives</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Total
    Payout</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Actual
    Payout as </B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>% of Target</B></FONT><BR>
    <FONT STYLE="color: white"><B>&nbsp;(%)</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,362,785</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,504,514</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">269,831</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,774,345</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">130</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">330,368</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">364,726</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">65,413</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">430,139</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">130</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">368,948</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">590,317</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">68,624</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">658,941</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">179</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">350,415</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">311,168</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66,579</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">377,747</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">108</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">312,485</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">374,982</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51,873</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">426,855</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">137</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
Named Executive Officer received the 2016 Annual Incentive Plan award payout in cash.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Financial
Performance Goals</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Compensation Committee uses the annual financial plan, approved by the Board in February, to establish economic profit goals for
the Corporation and each core business unit. Economic profit goals are based on strategic opportunities with consideration of
current market conditions (e.g., strength of the housing market, global economy or corporate earnings) and business opportunities
(e.g., launch of new product line or integration of recently acquired business).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payout
ranges are set between 0% and 200% of the economic profit target with an achievement threshold of 35% to receive a minimum payout.
Payout levels are expected to be between 80% and 120% of target in most years and average approximately 100% of target over time.
The Compensation Committee establishes the target level of economic profit as an aggressive but achievable goal for the Corporation
as a whole or any business unit based on economic and competitive conditions at the time goals are established.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Messrs.
Askren and Tjaden are eligible for awards based on the financial performance of the Corporation while Messrs. Dittmer, Lorenger
and Molinari are eligible for awards based on the financial performance of each executive&rsquo;s individual area of responsibility
(one or more business units). This structure aligns executives&rsquo; interests with the financial performance of their relevant areas
of responsibility.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
2016, the economic profit goal for the Corporation was $38.5 million, and actual economic profit achievement was $43.0 million,
resulting in 138% payout as reflected in the table below. Economic profit achievement, and therefore payouts under the financial
portion of the Annual Incentive Plan for Messrs. Askren and Tjaden, was above the target primarily due to strong earnings by the
Corporation&rsquo;s office furniture segment.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 26; Value: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->22<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 47%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 53%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Economic
    Profit Achievement</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Financial
    Component of Annual</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Incentive Compensation Award &#8211;</B></FONT><BR>
    <FONT STYLE="color: white"><B>Payout (%)</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Less than $24,474,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$24,474,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$27,701,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$33,079,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$38,456,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$41,437,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">125%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$44,418,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$47,399,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">175%</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$50,379,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">200%</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Messrs.
Askren and Tjaden earned payouts of $1,504,514 and $364,726, respectively, under the financial component of the Annual Incentive
Plan. These amounts were calculated as follows:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18.05pt"></TD><TD STYLE="width: 17.95pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
                                         Mr. Askren: ($1,362,785 * 80%) * 138%</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18.05pt"></TD><TD STYLE="width: 17.95pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
                                         Mr. Tjaden: ($330,368 * 80%) * 138%</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
financial component of Mr. Dittmer&rsquo;s annual incentive compensation award is based on the achievement of the economic profit goals
of The HON Company, the Corporation&rsquo;s business unit for which he is responsible. The financial component of Mr. Lorenger&rsquo;s annual
incentive compensation award is based on achievement of the economic profit goals of the Contract Furniture Group. The financial
component of Mr. Molinari&rsquo;s annual incentive compensation award is based on achievement of the economic profit goals of HNI International.
The Corporation considers the economic profit goals and achievements of these business units confidential and does not disclose
them, or individual operating company results, publicly.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
for all Named Executive Officers, the economic profit performance goals for Messrs. Dittmer, Lorenger, and Molinari are set aggressively
and require superior performance by the officers and their corresponding business units and areas of responsibility. Nonetheless,
because the Corporation and Board expect superior performance on a consistent basis, Messrs. Dittmer, Lorenger, and Molinari are
expected to achieve 100% of target over time on the financial component of their respective annual incentive compensation awards
under the Annual Incentive Plan.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Individual
Objectives</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
Named Executive Officer&rsquo;s individual objectives are based on broad strategic objectives of the Corporation or one or more business
units and are defined and measured within the year. The independent Directors annually review and approve the CEO&rsquo;s individual
objectives. The CEO annually reviews and approves the individual objectives of each other Named Executive Officer. Individual
objectives are designed to focus each Named Executive Officer on those matters having a significant impact on their individual
area of responsibility.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
year-end, the CEO evaluates Named Executive Officers&rsquo; performance against their individual objectives and recommends an achievement
percentage for Compensation Committee approval. Achievement percentages for each objective range from 0% to 125%. The independent
Directors, after reviewing the CEO&rsquo;s self-evaluation, determine the achievement percentage of the CEO&rsquo;s individual objectives.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
summary of each Named Executive Officer&rsquo;s individual objectives for 2016 is shown below.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 27; Value: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="width: 3%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 77%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Individual
    Objectives</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enhance customer value and market impact by
    enhancing brand strength, tailoring and focusing business and selling models and driving impactful product and solutions development;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">build best cost, lean enterprise by leading
    business system transformation, accelerating HNI-wide leverage and driving consistent flawless execution; and</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enhance culture and capabilities by leveraging
    core culture and values and enhancing member engagement, leadership development and diversity.</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">provide leadership in achievement of breakthrough
    objectives and successfully deliver revolving credit facility refinancing;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">lead business system transformation to successful
    implementation on-time and on-budget with appropriate quality; and</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">lead corporate finance and information technology
    functions to deliver efficient and effective processes and controls and increased value creation, along with specified annual
    savings.</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">accelerate portfolio innovation and deliver breakthrough objectives for HON;</FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-top: 10pt">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-top: 10pt">&#9679;</TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">drive growth in HON&rsquo;s transactional and commercial contract businesses; and</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">enhance customer experience.</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">lead Contract Furniture Group profit transformation
    and achievement of breakthrough objectives; and</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">lead distribution strategy to maximize long-term
    positioning for Contract Furniture Group.</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">accelerate HNI International profit growth;
    and</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD>
    <TD STYLE="padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">deepen core capabilities.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Compensation Committee and the CEO (and with respect to the CEO, the independent Directors) determined the Named Executive Officers
delivered significant results on the stated goals resulting in attainment of individual objectives from 83% to 99%.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Long-Term
Incentive</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2016, 75% of each Named Executive Officer&rsquo;s long-term incentive compensation opportunity was granted in stock options, which vest
in February 2020, and 25% was granted in performance-based cash awards earned over three annual performance periods.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Long-term
incentive compensation is designed to focus executives on long-term value creation for shareholders measured by objective financial
performance metrics and long-term stock price appreciation and incent executives to remain with the Corporation. Long-term incentive
compensation is provided through annual:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">performance-based
                                         awards with rolling three-year performance periods under the Long-Term Performance Plan;
                                         and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">equity
                                         grants to select executives, including all Named Executive Officers, under the 2007 Stock-Based
                                         Compensation Plan (the &ldquo;Stock Plan&rdquo;).</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
two types of long-term incentive compensation provide an appropriate balance between emphasizing financial performance (Long-Term
Performance Plan awards) and stock price performance (stock options). The Compensation Committee and the Board annually evaluate
and approve the award targets to ensure alignment with the Corporation&rsquo;s incentive compensation philosophy.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below shows the total long-term incentive compensation award targets for each Named Executive Officer.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 23%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 33%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 44%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Total
    Long-Term Incentive</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Compensation Target</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Total
    Long-Term Incentive</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Compensation Award Target</B></FONT><BR>
    <FONT STYLE="color: white"><B>(% of Annual Base Salary at Time of</B></FONT><BR>
    <FONT STYLE="color: white"><B>Award)</B></FONT></FONT></TD></TR>

<TR STYLE="background-color: rgb(167,167,167)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,406,961</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">635,322</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">951,508</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">200</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">934,439</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">200</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">612,716</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<!-- Field: Page; Sequence: 28; Value: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->24<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Stock
Awards</I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Stock Plan, the Board grants stock options with an exercise price equal to the closing price of a share of Common Stock on
the date of grant. Annual grants typically occur at the February Board meeting. The Board may grant stock options, Long-Term Performance
Plan awards or restricted stock units throughout the year for a new hire, a significant promotion or other special circumstances.
The amount of income realized by an executive from an option is equal to the stock appreciation between the grant and the exercise
dates, which aligns the interests of the Named Executive Officers with the long-term value creation for shareholders. Stock option
grants are limited to a group of executives (68 in 2016, including all Named Executive Officers) who have the ability through
their leadership and strategic actions to significantly impact the Corporation&rsquo;s long-term performance and, consequently, its
stock price. In its history, the Corporation has never re-priced stock options.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Corporation uses the Black-Scholes option valuation method to calculate the number of options granted, which is based on the targeted
dollar value of the award. All stock options cliff-vest four years and expire ten years after the date of grant. Early termination
of employment other than due to death, disability, retirement or a change in control of the Corporation results in forfeiture
of unvested option awards and a reduction in the exercise period of vested option awards. This policy is designed to motivate
executives to focus on long-term value creation and support retention.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Board granted stock options to each Named Executive Officer on February 17, 2016. The exercise price for stock options, which
is the closing price of a share of Common Stock on the date of grant, was $32.03 per share. See the following option valuation
table for additional details regarding stock option awards in 2016 for each Named Executive Officer:&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Name</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Targeted
    Value of Stock<BR>
    Options Granted in 2016 ($)<BR>
    (1)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Stock
    Options Granted<BR>
    (#)</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,555,221</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">262,883</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">476,492</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49,022</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">713,631</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">73,419</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">700,829</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">72,102</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">459,537</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47,277</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR>
    <TD STYLE="vertical-align: bottom; width: 15%; border-top: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Notes</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 85%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
                                         Black-Scholes option value for award purposes was $9.72 and differs from the Black-Scholes
                                         option value calculated in accordance with Financial Accounting Standards Board Accounting
                                         Standards Codification Topic 718, Compensation &#8211; Stock Compensation (&ldquo;FASB
                                         ASC Topic 718&rdquo;), for financial statement reporting purposes ($8.75). The difference
                                         between the Black-Scholes option value for award purposes and for financial statement
                                         reporting purposes results from utilizing a ten-year option life when calculating the
                                         value of an award and a six-year expected option life when reporting the value of the
                                         award under FASB ASC Topic 718. Utilization of the ten-year option life when calculating
                                         the value of an award results in fewer options granted to executives due to the higher
                                         option value produced.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Cash
Awards </I></B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Actual
performance is measured each year, with one-third of the cash award earned based on economic profit achievement in each of the
three years covered by the plan. Achievement for each year may range from 0% to 200% of the annual award target, with a 25% threshold
level. Economic profit achievement representing a 100% payout level is established as an aggressive but achievable goal for the
Corporation based on economic and competitive conditions at the time goals are established. Payout levels are expected to average
approximately 100% across multiple performance periods and failure to achieve a 25% payout level or achievement of a 200% payout
level will occur infrequently.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under
the Long-Term Performance Plan, economic profit is defined as after-tax operating profit less a charge for invested capital, with
cash normalized to a fixed amount for purposes of the calculation. The amount of economic profit calculated under the Long-Term
Performance Plan differs from the Annual Incentive Plan because the Long-Term Performance Plan&rsquo;s definition assumes a fixed
level of cash to eliminate the effect of a change in corporate cash management strategy during the period.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
2016-2018 Plan award covers a three-year performance period (2016, 2017 and 2018). The Compensation Committee recommended, and
the Board approved, the economic profit goals for each year in the performance period in February 2016. No portion of the award
will be paid out until the first quarter of 2019, and a Named Executive Officer must remain continuously employed by the Corporation
(other than leaving employment as a result of death, disability, retirement or in connection with a change in control of the Corporation)
through the last day of 2018 to receive a payout.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 29; Value: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Economic
profit achieved by the Corporation in 2016 was measured against (i) the performance goal for the first year of the 2016-2018 Plan,
(ii) the performance goal for the second year of the Long-Term Performance Plan for 2015-2017 (the &ldquo;2015-2017 Plan&rdquo;)
and (iii) the final year of the Long-Term Performance Plan for 2014-2016 (the &ldquo;2014-2016 Plan&rdquo;). For 2016, the Corporation&rsquo;s
economic profit was:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$18.4
                                         million, under the 2016-2018 Plan, resulting in an earned award of 90% for 2016;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$18.3
                                         million under the 2015-2017 Plan, resulting in an earned award of 0% for 2016; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">$17.8
                                         million under the 2014-2016 Plan, resulting in an earned award of 29% for 2016.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
difference between the economic profit for 2016 under the three plans is attributable to the use of a different weighted average
cost of capital assumption (as one target was set in 2014, one was set in 2015 and the other in 2016) and the treatment of the
economic profit impact of an acquisition. A discussion of the 2014-2016 and 2015-2017 Plans was contained in the Proxy Statement
for the 2015 Annual Meeting and the 2016 Annual Meeting, respectively. The following table represents the Economic Profit targets
set for the 2016 year under the three plans.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top; background-color: #434343">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>2016
    Economic Profit Matrix</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Payout
    %</B></FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2016-2018
    Plan</B></FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2015-2017
    Plan</B></FONT></TD>
    <TD STYLE="width: 15%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2014-2016
    Plan</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">58,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">67,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">38,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">100%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">75,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">125%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">80,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">57,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">86,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">175%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">91,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">72,000,000</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">200%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">97,000,000</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">80,000,000</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
economic profit target and payouts for 2016 differ between the 2016-2018 Plan, the 2015-2017 Plan and the 2014-2016 Plan as a
result of the Compensation Committee recommending, and the Board approving, an economic profit target for each year in a Long-Term
Performance Plan at the beginning of the Long-Term Performance Plan (e.g., the 2016 economic profit target under the 2014-2016
Plan was set in February 2014). The differences in target value result primarily from changing assumptions on national and global
economic performance as well as an additional year of actual performance for the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 30; Value: 21 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers earned the following amounts under the Long-<FONT STYLE="letter-spacing: -0.75pt">T</FONT>erm
Performance Plan based on 2016 performance:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="width: 17%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Long
    Term</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Performance</B></FONT><BR>
    <FONT STYLE="color: white"><B>Plan</B></FONT></FONT></TD>
    <TD STYLE="width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Target
    Award for 2016</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Performance Period</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Actual
    2016</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>Performance</B></FONT><BR>
    <FONT STYLE="color: white"><B>Period</B></FONT><BR>
    <FONT STYLE="color: white"><B>Achievement</B></FONT><BR>
    <FONT STYLE="color: white"><B>(%)</B></FONT></FONT></TD>
    <TD STYLE="width: 2%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Award
    Earned for</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><BR>
    <FONT STYLE="color: white"><B>2016</B></FONT><BR>
    <FONT STYLE="color: white"><B>Performance Period</B></FONT><BR>
    <FONT STYLE="color: white"><B>Achievement</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016-2018</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">283,913</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">255,522</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2015-2017</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">271,688</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2014-2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">262,500</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">76,125</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>818,101</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>331,647</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016-2018</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52,944</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47,649</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2015-2017</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">50,907</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2014-2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48,949</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,195</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>152,800</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>61,844</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016-2018</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">79,292</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">71,363</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2015-2017</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">66,777</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2014-2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">64,208</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18,620</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>210,277</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>89,983</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016-2018</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">77,870</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">70,083</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2015-2017</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">65,202</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2014-2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">61,979</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,974</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>205,051</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>88,057</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2016-2018</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51,060</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">90</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">45,954</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2015-2017</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49,333</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&mdash;</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2014-2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">47,780</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">29</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,856</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>148,173</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; padding-right: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>59,810</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>5.
Additional Compensation P<FONT STYLE="letter-spacing: -0.2pt">r</FONT>ograms and Policies</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
descriptions below summarize other compensation and retirement plans in which Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers
are eligible to participate. These plans do not change significantly from year to yea<FONT STYLE="letter-spacing: -0.4pt">r</FONT>,
and other than participation in the Supplemental Income Plan (&ldquo;SIP&rdquo;), do not involve annual compensation decisions
by the Compensation Committee or the Board.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Supplemental
Income Plan</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
SIP provides a benefit to the plan&rsquo;s participants, including the Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers,
equal to amounts the participants would have received had the Corporation&rsquo;s qualified plan and cash profit-sharing benefits not
been subject to statutory compensation caps, except no income attributable to the Long-Term Performance Plan is considered. The
SIP is available to select executives, approved by the Board, who consistently earn income above compensation caps on the qualified
plan (i.e., 401(k) plan) and cash profit-sharing benefits. The 2016 statutory compensation limit for qualified plan and cash profit-sharing
benefits was $265,000. Any compensation in excess is excluded from the eligible earnings used to calculate benefits.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
2016, the Compensation Committee determined all SIP benefits would be in the form of shares of Common Stock. The SIP shares cannot
be transferred while the participant is employed by the Corporation. The number of shares of Common Stock is calculated by dividing
the amount of the benefit by the closing price of a share of Common Stock on the date the benefit is paid, with cash payable in
lieu of any fractional share. Participation in the SIP is provided to assure overall competitiveness of the executive compensation
program.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Defer<FONT STYLE="letter-spacing: -0.2pt">r</FONT>ed
Compensation Plan</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executives
eligible for compensation under the Annual Incentive Plan, which include all Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers,
are eligible to participate in the HNI Corporation Executive Deferred Compensation Plan (&ldquo;Deferred Plan&rdquo;). The Deferred
Plan allows executives to voluntarily defer base salary, Annual Incentive Plan awards, Long-Term Performance Plan awards, SIP
benefits and</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 31; Options: NewSection; Value: 27 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">other
amounts. Amounts can be deferred to a cash account earning interest at a rate set each year at 1% above the prime interest rate
or to a notional stock account in the form of nonvoting share units fluctuating in value based on the price increase or decrease
of Common Stock and earning dividends distributed to all shareholders. The dividends are automatically reinvested for each participant
to acquire additional nonvoting share units. For any cash compensation deferred to the notional stock account, the number of nonvoting
share units is determined by dividing the amount of the compensation by the fair market value of a share of Common Stock on the
date the compensation would have otherwise been paid. Each participant elects, on an annual basis, the date or dates of distribution
(i.e., a participant can elect a lump-sum distribution or distribution via annual installments not to exceed 15) of any deferred
amounts. During 2016, M<FONT STYLE="letter-spacing: -0.6pt">r</FONT>. Askren was the only Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer
who participated in the Deferred Plan.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>P<FONT STYLE="letter-spacing: -0.2pt">r</FONT>ofit-Sharing
Reti<FONT STYLE="letter-spacing: -0.2pt">r</FONT>ement Plan</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer participates in the HNI Corporation Profit-Sharing Retirement
Plan (the &ldquo;Retirement Plan&rdquo;), a defined contribution plan generally available to all members. Members are eligible
to make voluntary contributions immediately upon hire. One year of service is typically required to be eligible for employer contributions.
Each Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer is eligible for employer contributions. These contributions
are reflected in the &ldquo;All Other Compensation&rdquo; column of the Summary Compensation Table.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Cash
P<FONT STYLE="letter-spacing: -0.2pt">r</FONT>ofit-Sharing</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer is eligible for distributions under the Corporation&rsquo;s cash
profit-sharing program. Cash profit-sharing is paid based on the profitability of a member&rsquo;s business unit. Members are generally
eligible to participate after completion of one year of continuous service. Cash profit-sharing amounts paid to the Named Executive
O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers are reflected in the &ldquo;Bonus&rdquo; column of the Summary Compensation
Table.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Change
in Cont<FONT STYLE="letter-spacing: -0.2pt">r</FONT>ol, Post-Employment and Other Events</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers and a few other key executives have a Change In Control Employment
Agreement (&ldquo;CIC Agreement&rdquo;) with the Corporation. Upon a change in control, retirement, death or disability, certain
awards granted under the Annual Incentive Plan, the Long-Term Performance Plan and the Stock Plan vest or are payable and are
not conditioned on a termination of employment. See &ldquo;<I>Potential Payments Upon Termination or Change in Control&rdquo;
</I>for a discussion of these items.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Pe<FONT STYLE="letter-spacing: -0.2pt">r</FONT>quisites</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Consistent
with its longstanding culture, the Corporation does not provide executives with any special or unique perquisites, for example
company cars or club memberships. Relocation assistance is provided to executives under a relocation program broadly available
for members transferred within the Corporation and newly-hired professional members. Executives participate in the same health,
retirement, profit sharing, disability and life insurance programs and member stock purchase plan as other members.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Anti-Hedging
Policy</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Corporation&rsquo;s policy prohibits o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers (including the Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers)
or Directors from hedging their ownership of the Corporation&rsquo;s Common Stock (including prepaid variable forwards, equity swaps,
collars and exchange funds), engaging in short sales or purchasing put or call options, pledging shares of the Corporation&rsquo;s Common
Stock, holding shares in a ma<FONT STYLE="letter-spacing: -0.2pt">r</FONT>gin account or engaging in short-term transactions.
This policy is designed to ensure alignment of o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers and Directors with shareholders
and requires them to bear the full economic risk of share ownership.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Executive
Stock Ownership Guideline</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Board has adopted an Executive Stock Ownership Guideline based on the belief key executives should have a significant ownership
interest in the Corporation&rsquo;s stock. Under the guideline, ownership levels are provided for executives to acquire and hold a recommended
ownership interest in the Corporation&rsquo;s stock based on their position and compensation level. The guideline is intended to align
the interests of key executives with shareholder interests. The guideline ownership levels in e<FONT STYLE="letter-spacing: -0.2pt">f</FONT>fect
for 2016 are shown below:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="width: 77%; padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>Position</B></FONT></TD>
    <TD STYLE="width: 3%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: white"><B>$ Value
    of Shares</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chairman of the Board, President and CEO</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.0 x Base Salary</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Operating Company (Unit) Presidents, Chief Financial
    Officer, and Executive and Senior Vice Presidents</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.0 x Base Salary</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="padding-left: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Other Officers</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.0 x Base Salary</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 32; Value: 27 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Executives
are encouraged to reach their respective stock ownership level within five years of the date the individual assumes an executive
position covered by the guideline. The Compensation Committee annually reviews each executive&rsquo;s progress toward the goal. The
Compensation Committee can specify a percentage of the executive&rsquo;s annual incentive compensation be paid in shares of Common Stock
if it determines an executive is not achieving appropriate progress toward the goal. The guideline credits executives with vested,
in-the-money options held by executives under the Corporation&rsquo;s compensation plans. Each Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer
has achieved the specified level of ownership.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Executive
Compensation Clawback</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
financial results are significantly restated due to fraud or intentional misconduct, the Board will review any performance-based
compensation paid to executive o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers who are found to be personally responsible
for the fraud or intentional misconduct leading to the restatement and ma<FONT STYLE="letter-spacing: -0.7pt">y</FONT>, to the
extent permitted by la<FONT STYLE="letter-spacing: -0.7pt">w</FONT>, seek repayment of amounts paid in excess of amounts based
on restated financial results.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt; letter-spacing: -1.1pt"><B>T</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">ax
Deductibility of Executive Compensation</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Corporation typically seeks to maximize the tax deductibility of components of executive compensation where appropriate. Section
162(m) of the Code limits the ability of public companies to deduct compensation in excess of $1,000,000 paid annually to the
chief executive o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer and the three other most highly compensated executive o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers,
not including the chief financial o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>fice<FONT STYLE="letter-spacing: -0.6pt">r</FONT>.
There are exceptions to this limit, including compensation qualified as &ldquo;performance-based.&rdquo; The portion of the Annual
Incentive Plan award linked to financial performance and any Long-Term Performance Plan and stock option awards complied with
the exception to Section 162(m) and are not considered in determining the $1,000,000 limit. In 2016, a portion of M<FONT STYLE="letter-spacing: -0.6pt">r</FONT>.
Askren<FONT STYLE="letter-spacing: -0.6pt">&rsquo;</FONT>s compensation exceeded the Section 162(m) limit and was not deductible
by the Corporation.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Impact
of Prior Compensation in Setting Elements of Compensation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Prior
compensation of the Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers does not generally impact how elements
of current compensation are set. The independent Directors and the Compensation Committee believe the competitive environment
mandates current total compensation be su<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficient to attract, motivate and retain
top management. The Compensation Committee analyzes outstanding equity grants, outstanding Annual Incentive Plan and Long-Term
Performance Plan awards and ownership of Common Stock for each Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer
to ensure future stock equity grants, Annual Incentive Plan and Long-Term Performance Plan awards, CIC Agreements and other benefits
provide appropriate and relevant incentives to the executives. Based on the current analysis, the Compensation Committee believes
prior compensation will not impact the ongoing e<FONT STYLE="letter-spacing: -0.2pt">f</FONT>fectiveness of the compensation objectives.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Say
on Pay <FONT STYLE="letter-spacing: -1.1pt">V</FONT>ote Results</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">At
the 2016 Annual Meeting, approximately 96% of the advisory votes cast by shareholders were in favor of the compensation program
for Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers. The Compensation Committee carefully considered this
vote in setting the 2016 compensation of Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers. The Compensation
Committee continues to apply substantially the same principles in determining the amounts and structure of executive compensation
and its commitment to paying for performance.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Compensation
Committee Interlocks and Insider Participation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Members
of the Compensation Committee have never been o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers or members of the Corporation,
and have no relationship with the Corporation other than as Directors and stockholders. During 2016, no executive o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer
of the Corporation served as a directo<FONT STYLE="letter-spacing: -0.4pt">r</FONT>, or as a member of any compensation committee,
of any other entity that had an executive o<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficer who served on the Board or Compensation
Committee.</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><A NAME="hnidef14a050917a016"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt"><B>Compensation
Committee Report</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Compensation Committee has reviewed and discussed the CD&amp;A, which begins on page 17 of this Proxy Statement, with management,
and based on review and discussions, the Compensation Committee recommended to the Board the CD&amp;A be included in this Proxy
Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HUMAN
RESOURCES AND COMPENS<FONT STYLE="letter-spacing: -0.8pt">A</FONT>TION COMMITTEE</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ronald
<FONT STYLE="letter-spacing: -1.35pt">V</FONT>. <FONT STYLE="letter-spacing: -0.85pt">W</FONT>aters, III, Chairperson</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Mary
A. Bell</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Miguel
M. Calado</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 33; Value: 27 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><A NAME="hnidef14a050917a017"></A>Summary
Compensation <FONT STYLE="letter-spacing: -1pt">T</FONT>able</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
table below shows the compensation awarded to, earned by or paid to each of the Named Executive O<FONT STYLE="letter-spacing: -0.2pt">f</FONT>ficers
for 2016, 2015 and 2014. The Corporation does not have employment agreements with any of its executives. While employed, executives
are entitled to base salary, participation in the executive compensation programs identified in the tables below and discussed
in the CD&amp;A and other benefits common to all members. The performance-based conditions associated with Long-Term Performance
Plan and Annual Incentive Plan awards as well as salary and bonus in proportion to total compensation are discussed in detail
throughout the CD&amp;A, which begins on page 17 of this Proxy Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 95%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 7%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(66,66,66)">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>Name
    and Principal</B></FONT><B><FONT STYLE="font-size: 10pt; color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Position</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>Year</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>Salary</B></FONT><B><FONT STYLE="font-size: 10pt; color: White"><BR>
    ($)</FONT></B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>Bonus</B></FONT><B><FONT STYLE="font-size: 10pt; color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">($) (1)</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>Option</B></FONT><B><FONT STYLE="font-size: 10pt; color: White"><BR>
    Awards<BR>
    ($) (2)</FONT></B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>Non-Equity</B></FONT><B><FONT STYLE="font-size: 10pt; color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Incentive Plan</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Compensation</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">($) (3)</FONT></FONT></B></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>All
    Other</B></FONT><B><FONT STYLE="font-size: 10pt; color: White"><BR>
    Compensation<BR>
    ($) (4)</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt; color: White"><B>Total</B></FONT><B><FONT STYLE="font-size: 10pt; color: White"><BR>
    ($)</FONT></B></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2016</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,130,011</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">14,019</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2,300,226</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2,105,993</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">359,542</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">5,909,791</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Chairman, President and</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,082,510</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">11,422</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,990,903</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2,452,680</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">345,363</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">5,882,878</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 8.65pt">Chief Executive Officer,</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 8.65pt">HNI Corporation</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2014</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,050,612</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">9,841</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,758,450</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2,404,414</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">230,722</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">5,454,039</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2016</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">430,064</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">14,019</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">428,943</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">491,983</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">111,399</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,476,408</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Former Chief Financial</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Officer. Current SVP, HNI</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2015</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">413,524</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">11,422</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">373,041</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">546,424</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">99,256</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,443,667</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Corporation;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">President, HNI International</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2014</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">405,149</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">9,841</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">327,909</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">560,448</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">73,753</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,377,101</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Jerald K. Dittmer</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Executive Vice President,</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2016</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">489,441</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">13,727</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">642,416</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">748,923</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">134,595</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2,029,102</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">HNI Corporation;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">473,007</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">11,965</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">489,331</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">721,323</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">115,273</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,810,899</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">President, The HON</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Company</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2014</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">463,654</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">11,180</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">430,120</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">514,235</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">101,172</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,520,361</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Jeffrey D. Lorenger</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Executive Vice President,</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2016</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">464,898</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">9,792</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">630,893</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">465,804</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">104,493</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,675,880</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">HNI Corporation;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">President, HNI Contract</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2015</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">444,550</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">8,295</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">477,800</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">669,506</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">85,706</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,685,857</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Furniture Group</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2014</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">425,347</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">8,385</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">415,186</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">520,953</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">67,022</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,436,892</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Marco V. Molinari</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">Former Executive Vice</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2016</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">414,447</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">14,019</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">413,674</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">486,665</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">83,535</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,412,340</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">President, HNI Corporation;</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2015</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">404,758</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">11,422</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">361,509</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">389,085</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">65,696</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,232,470</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">President, HNI International</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">2014</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">398,670</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">9,841</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">320,070</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">259,001</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">20,933</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 10pt">1,008,515</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 1pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"></FONT></P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Notes</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
amounts in this column reflect the payments of cash profit-sharing during calendar years 2016, 2015 and 2014 under the Cash Profit-Sharing
program.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
amounts in this column reflect the aggregate grant date fair value of stock options granted in 2016, 2015 and 2014 under the Stock
Plan computed in accordance with <FONT STYLE="letter-spacing: -0.65pt">F</FONT>ASB ASC <FONT STYLE="letter-spacing: -0.65pt">T</FONT>opic
718. Assumptions used in the calculations of these amounts are included in the footnote titled &ldquo;Stock-Based Compensation&rdquo;
to the Corporation&rsquo;s audited financial statements for: (i) 2016 included in the Corporation&rsquo;s Annual Report on Form 10-K for the
year ended December 31, 2016; (ii) 2015 included in the Corporation&rsquo;s Annual Report on Form 10-K for the year ended January 2,
2016; and (iii) 2014 included in the Corporation&rsquo;s Annual Report on Form 10-K for the year ended December 28, 2014.</FONT></TD>
</TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
amounts in this column include annual incentive compensation awards earned in 2016, 2015 and 2014 under the Annual Incentive Plan.
The awards earned in 2016 were paid in February 2017. For 2016, in addition to awards earned under the Annual Incentive Plan,
this column also includes the cash portion of Long-<FONT STYLE="letter-spacing: -0.65pt">T</FONT>erm Performance Plan awards earned
for the 2016 portion of the 2014-2016 Plan, the 2015-2017 Plan and the 2016-2018 Plan. The 2014-2016 Plan award was paid in February
2017 and was subject to continuous employment through the last day of 2016. The 2015-2017 Plan award will not be paid until 2018
and is subject to continuous employment through the last day of 2017. The 2016-2018 Plan award will not be paid until 2019 and
is subject to continuous employment through the last day of 2018. The breakdown between the Annual Incentive Plan and the Long-Term
Performance Plan awards for 2016 is as follows: Mr. Askren &ndash; $1,774,345 under the Annual Incentive Plan, $76,125 under the
2014-2016 Plan, $0 under the 2015-2017 Plan and $255,522 under the 2016-2018 Plan; Mr. Tjaden &ndash; $430,139 under the Annual
Incentive Plan, $14,195 under the 2014-2016 Plan, $0 under the 2015-2017 Plan and $47,649 under the 2016-2018 Plan; Mr. Dittmer
&ndash; $658,940 under the Annual Incentive Plan, $18,620 under the 2014-2016 Plan, $0 under the 2015-2017 Plan and $71,363 under
the 2016-2018 Plan; Mr. Lorenger &ndash; $377,747 under the Annual Incentive Plan, $17,974 under the 2014-2016 Plan, $0 under
the 2015-2017 Plan and $70,083 under the 2016-2018 Plan; Mr. Molinari &ndash; $426,855 under the Annual Incentive Plan, $13,856
under the 2014-2016 Plan, $0 under the 2015-2017 Plan and $45,954 under the 2016-2018 Plan.</FONT></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(4)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
amounts in this column include the Corporation&rsquo;s contributions to the Retirement Plan, the dollar value of Corporation-paid life
insurance premiums under the Life Insurance Plan, both of which are generally available to all members, and the dollar value of
Common Stock paid under the SIP. Contributions under the Retirement Plan in 2016, 2015 and 2014 were as follows: Mr. Askren &ndash;
$25,030; $22,547; $20,852; Mr. Tjaden &ndash; $25,030; $22,547; $20,852; Mr. Dittmer &ndash; $24,758; $23,052; $22,097; Mr. Lorenger
&ndash; $21,099; $19,639; $19,498; and Mr. Molinari - $25,030; $22,547; $20,852. The dollar values of Corporation-paid life insurance
premiums under the Life Insurance Plan in 2016, 2015 and 2014 were as follows: Messrs. Askren, Tjaden, Dittmer, Lorenger, and
Molinari &ndash; $67, $67; and $81. The dollar values of Common Stock earned under the SIP for 2016, 2015 and 2014 were as follows:
Mr. Askren &ndash; $334,445; $322,749; $209,788; Mr. Tjaden &ndash; $86,302, $76,642; $52,820; Mr. Dittmer &ndash; $109,770 $92,155;
$78,994; Mr. Lorenger &ndash; $83,327; $66,000; $47,463; and Mr. Molinari - $58,438; $43,082; $41,215. The SIP Common Stock for
2016 was issued February 27, 2017; 2015 was issued February 29, 2016 and 2014 was issued March 2, 2015.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>
<!-- Field: Page; Sequence: 34; Value: 27 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><A NAME="hnidef14a050917a018"></A>Grants
of Plan-Based Awards</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
table below shows the grants of plan-based awards to the Named Executive Officers during 2016, including stock options granted
under the Stock Plan, Long-Term Performance Plan awards, and Incentive Plan awards. The aggregate grant date fair value of stock
option awards are disclosed on a grant-by-grant basis in the table below. For additional information on the Annual Incentive Plan
and the Stock Plan, see &ldquo;<I>Annual Incentive&rdquo;</I> on page 21 and &ldquo;<I>Long-Term Incentive&rdquo;</I> on page
24 of this Proxy Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT>&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<TR STYLE="background-color: rgb(66,66,66)">
    <TD STYLE="text-align: center; border-left: black 1pt solid; vertical-align: bottom; border-top: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="color: White"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; border-left: Black 1pt solid; border-top: Black 1pt solid"><FONT STYLE="color: White"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White"><B>Estimated
    Future Payouts Under</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Non-Equity Incentive Plan Awards</FONT></FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="color: White"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid"><FONT STYLE="color: White"><B>&nbsp;</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; vertical-align: bottom; border-top: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="color: White"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="background-color: rgb(66,66,66)">
    <TD STYLE="text-align: center; border-left: black 1pt solid; vertical-align: bottom; border-bottom: Black 1pt solid"><FONT STYLE="color: White"><B>Name</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center; border-bottom: Black 1pt solid; border-left: black 1pt solid"><FONT STYLE="color: White"><B>Grant<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Date</FONT></B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: black 1pt solid"><FONT STYLE="color: White"><B>Threshold<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">($) (1)</FONT></B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: black 1pt solid"><FONT STYLE="color: White"><B>Target<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">($)</FONT></B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: black 1pt solid"><FONT STYLE="color: White"><B>Maximum<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">($)</FONT></B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: White"><B>All
    Other</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Option</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Awards:</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Number of</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Securities</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Underlying</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Options (#)</FONT></FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-bottom: Black 1pt solid; border-left: black 1pt solid"><FONT STYLE="color: White"><B>Exercise<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">or Base</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Price of</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Option</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Awards</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">($/Sh)</FONT></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="color: White"><B>Grant
    Date<BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Fair Value of</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Stock and</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">Option Awards</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif">($)</FONT></B></FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; width: 20%; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Stan
    A. Askren</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 10%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stock
    Options</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">262,883</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,300,226</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2016-2018
    Long Term Performance Plan</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">212,935</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">851,740</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,703,480</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Annual
    Incentive Plan</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">381,580</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,362,785</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,521,152</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kurt
    A. Tjaden</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stock
    Options</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">49,022</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">428,943</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2016-2018
    Long Term Performance Plan</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">39,708</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">158,831</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">317,662</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Annual
    Incentive Plan</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">92,503</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">330,368</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">611,181</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Jerald
    K. Dittmer</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stock
    Options</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">73,419</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">642,416</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2016-2018
    Long Term Performance Plan</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">59,469</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">237,877</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">475,754</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Annual
    Incentive Plan</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">103,305</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">368,947</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">682,552</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Jeffrey
    D. Lorenger</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stock
    Options</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">72,102</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">630,893</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2016-2018
    Long Term Performance Plan</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">58,403</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">233,610</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">467,220</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Annual
    Incentive Plan</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">98,116</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">350,415</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">648,268</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Marco
    V. Molinari</B></FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stock
    Options</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">47,277</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">413,674</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2016-2018
    Long Term Performance Plan</FONT></TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">38,295</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">153,179</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">306,358</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Annual
    Incentive Plan</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">87,496</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">312,485</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">578,097</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Notes</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">A
35% achievement is required to receive a payout under the financial component of the Annual Incentive Plan.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 35; Options: NewSection; Value: 31 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><A NAME="hnidef14a050917a019"></A>Outstanding
Equity Awards at Year End</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following table shows the Named Executive Officers&rsquo; outstanding equity awards as of the end of 2016. All outstanding stock option
awards reported in this table cliff-vest four years and expire ten years after the date of grant.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="border-left: Black 1pt solid; text-align: center; border-top: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Option
    Awards</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="width: 18%; border-left: Black 1pt solid; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="width: 18%; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Number
    of Securities</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Underlying</B></FONT><BR>
    <FONT STYLE="color: white"><B>Unexercised Options</B></FONT><BR>
    <FONT STYLE="color: white"><B>(#) Exercisable</B></FONT></FONT></TD>
    <TD STYLE="width: 18%; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Number
    of Securities</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Underlying</B></FONT><BR>
    <FONT STYLE="color: white"><B>Unexercised Options</B></FONT><BR>
    <FONT STYLE="color: white"><B>(#) Unexercisable</B></FONT><BR>
    <FONT STYLE="color: white"><B>(1)</B></FONT></FONT></TD>
    <TD STYLE="width: 18%; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Option
    Exercise Price</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD>
    <TD STYLE="width: 18%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Option
    Expiration</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Date</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Stan A. Askren</B></FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">112,644</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.36</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/23/19</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">226,909</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/20</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">140,842</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.98</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/16/21</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">218,364</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">25.46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/15/22</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">166,166</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.79</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/13/23</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">167,791</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">34.78</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/12/24</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">107,908</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">51.54</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/18/25</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">262,883</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/26</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Kurt A. Tjaden</B></FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">48,000</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/20</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">30,412</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.98</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/16/21</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">47,151</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">25.46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/15/22</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">35,709</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.79</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/13/23</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31,289</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">34.78</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/12/24</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">20,219</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">51.54</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/18/25</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">49,022</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/26</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Jerald K. Dittmer</B></FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">25,750</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.98</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/16/21</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">53,143</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">25.46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/15/22</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">39,956</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.79</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/13/23</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">41,042</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">34.78</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/12/24</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">26,522</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">51.54</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/18/25</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">73,419</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/26</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Jeffrey D. Lorenger</B></FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">12,182</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/20</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">26,725</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.98</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/16/21</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">44,067</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">25.46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/15/22</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">58,540</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.79</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/13/23</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">39,617</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">34.78</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/12/24</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">25,897</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">51.54</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/18/25</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">72,102</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/26</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Marco V. Molinari</B></FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">60,024</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.79</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/13/23</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">30,541</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">34.78</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/12/24</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">19,594</FONT></TD>
    <TD STYLE="text-align: right; border-left: Black 1pt solid; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">51.54</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/18/25</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">47,277</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: black 1pt solid; border-left: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2/17/26</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Notes</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">All
stock options cliff-vest four years after the grant date. As of December 31, 2016, vesting dates for each unexercisable stock
option award, in descending order, for each Named Executive Officer are as follows: February 13, 2017, February 12, 2018, February
18, 2019, and February 17, 2020.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 36; Value: 31 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><A NAME="hnidef14a050917a020"></A>Option
Exercises and Stock Vested</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following table shows information concerning Named Executive Officers&rsquo; exercise of stock options during 2016.</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="width: 16%; text-align: center; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%; text-align: center; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%; text-align: center; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="border: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Option
    Awards</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Name</B></FONT></P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>&nbsp;</B></FONT></P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Number
    of Shares</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Acquired on Exercise</B></FONT><BR>
    <FONT STYLE="color: white"><B>(#)</B></FONT></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Value
    Realized on</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Exercise</B></FONT><BR>
    <FONT STYLE="color: white"><B>($) (1)</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stan
    A. Askren</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">58,676</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">213,510</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kurt
    A. Tjaden</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jerald
    K. Dittmer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">106,663</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">2,762,548</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jeffrey
    D. Lorenger</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">36,483</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">869,138</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Marco
    V. Molinari</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">46,360</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">820,145</FONT></TD></TR>
</TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Notes</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)
This column is calculated by multiplying the number of shares acquired by the difference between the actual sale price on the
date of exercise (or if the shares were retained by the Named Executive Officer, the closing price of a share of Common Stock
on the date of exercise) and the exercise price of the stock options. Messrs. Askren, Dittmer, Lorenger, and Molinari exercised
the following options in 2016:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 70%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; width: 16%; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 9%; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Date
    of</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Exercise</B></FONT></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 9%; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Number
    of</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Shares</B></FONT><BR>
    <FONT STYLE="color: white"><B>Acquired on</B></FONT><BR>
    <FONT STYLE="color: white"><B>Exercise</B></FONT><BR>
    <FONT STYLE="color: white"><B>(#)</B></FONT></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 9%; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Option</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Exercise</B></FONT><BR>
    <FONT STYLE="color: white"><B>Price</B></FONT><BR>
    <FONT STYLE="color: white"><B>($/Sh)</B></FONT></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 9%; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Sold
    or</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Retained</B></FONT><BR>
    <FONT STYLE="color: white"><B>Shares</B></FONT></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center; width: 9%; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Sale
    or</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Closing</B></FONT><BR>
    <FONT STYLE="color: white"><B>Price on</B></FONT><BR>
    <FONT STYLE="color: white"><B>Date of</B></FONT><BR>
    <FONT STYLE="color: white"><B>Exercise</B></FONT><BR>
    <FONT STYLE="color: white"><B>($/Sh)*</B></FONT></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 9%; border-top: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Value</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Realized</B></FONT><BR>
    <FONT STYLE="color: white"><B>on Exercise</B></FONT><BR>
    <FONT STYLE="color: white"><B>($)</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stan
    A. Askren</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">7/29/2016</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">58,676</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">48.66</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">52.30</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">213,510</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">7/26/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">10,463</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">48.66</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">51.96</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">34,518</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">7/26/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">36,364</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">52.03</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,019,625</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">8/9/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,404</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">53.50</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">41,432</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">8/11/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">4,422</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">53.27</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">129,467</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">8/12/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,460</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">53.26</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">42,728</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">8/15/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">42,957</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">53.27</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,257,923</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">8/16/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,393</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">53.25</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">40,759</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">8/29/2016</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">8,200</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.98</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">55.89</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">196,096</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">07/26/2016</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">6,483</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">48.66</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">52.01</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">21,716</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">07/26/2016</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">30,000</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.99</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">52.24</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">847,422</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Marco
    V. Molinari</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">05/23/2016</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">46,360</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">25.46</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">Sold</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif">43.15</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">820,145</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="padding-left: 5.4pt">*Rounded
to nearest penny.</TD>
    <TD STYLE="text-align: right; padding-right: 5.4pt">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.75in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><A NAME="hnidef14a050917a021"></A>Nonqualified
Deferred Compensation</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Deferred Plan allows executives to defer compensation to a cash account earning interest at a rate set annually at 1% above the
prime interest rate or to the Corporation&rsquo;s notional stock account in the form of nonvoting share units earning dividends distributed
to shareholders which are then automatically reinvested in additional nonvoting share units. The only Named Executive Officer
currently participating in the Deferred Plan is Mr. Askren. Mr. Askren deferred into the Corporation&rsquo;s notional stock account
the after-tax value of his 2015 SIP award, which was granted in February 2016, totaling $315,165 and is reflected in the table
below. The value of Mr. Askren&rsquo;s 2015 SIP award, before taxes, was $322,749. Mr. Askren&rsquo;s balance in the Deferred Plan as of the
end of 2016 was 63,604 nonvoting share units. Unless distributed earlier due to the occurrence of triggering events as described
in the Deferred Plan (including death, disability or change in control): (i) a portion of this balance will be distributed upon
separation from service, and (ii) the remainder will be distributed the later of (A) January 31, 2021 for a portion of the balance,
January 31, 2022 for a portion of the balance, and January 31, 2023 for a portion of the balance, or (B) the date Mr. Askren is
no longer employed by the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">For
additional information on the Deferred Plan, see &ldquo;<I>Additional Compensation Programs and Policies &ndash; Deferred Compensation
Plan&rdquo;</I> on page 27 of this Proxy Statement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 37; Value: 31 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 80%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Name</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Executive</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>Contributions</B></FONT><BR>
    <FONT STYLE="color: white"><B>in Last FY</B></FONT><BR>
    <FONT STYLE="color: white"><B>($) (1)</B></FONT></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Aggregate
    Earnings</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>in Last FY</B></FONT><BR>
    <FONT STYLE="color: white"><B>($) (2)</B></FONT></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: white"><B>Aggregate
    Balance</B></FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
    <FONT STYLE="color: white"><B>at Last FYE</B></FONT><BR>
    <FONT STYLE="color: white"><B>($) (3)</B></FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Stan
    A. Askren</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">315,165</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">1,117,537</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">3,556,736</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Kurt
    A. Tjaden</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jerald
    K. Dittmer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Jeffrey
    D. Lorenger</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Marco
    V. Molinari</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: right; padding-right: 5.4pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 85%">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Notes</B></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                         amount of Mr. Askren&rsquo;s contribution before taxes, $322,749, is reflected in the &ldquo;All
                                         Other Compensation&rdquo; column of the Summary Compensation Table for Mr. Askren&rsquo;s 2015
                                         compensation.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                         reported dollar value is the sum of (i) share price appreciation (or depreciation) in
                                         the account balance during 2016 not attributable to contributions, withdrawals or distributions
                                         during 2016 and (ii) dividends earned on the account balance during 2016. The share price
                                         appreciation (or depreciation) is calculated by first multiplying 52,827, the number
                                         of nonvoting share units in Mr. Askren&rsquo;s account at the end of 2015, by $55.92, the closing
                                         price of a share of Common Stock on December 31, 2016, the last trading day of 2016;
                                         and then subtracting from this amount Mr. Askren&rsquo;s aggregate account balance at the end
                                         of 2015 &ndash; $1,904,927. The dividends earned on the account balance during 2016 were
                                         $68,401.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                         reported dollar value is calculated by multiplying 63,604, the number of nonvoting share
                                         units in Mr. Askren&rsquo;s account at the end of 2016, by $55.92, the closing price of a share
                                         of Common Stock on December 31, 2016, the last trading day of 2016.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><A NAME="hnidef14a050917a022"></A>Potential
Payments Upon Termination or Change in Control</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Retirement,
death, disability and change in control (&ldquo;CIC&rdquo;) events trigger the payment of compensation to the Named Executive
Officers.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Change
in Control Employment Agreements.</I></B> The Named Executive Officers and a few other executives have Change in Control Employment
Agreements with the Corporation. The CIC Agreements are designed to assure continuity of executive management during a threatened
takeover and ensure executive management can objectively evaluate any CIC proposal and act in the best interests of shareholders.
The CIC Agreements are part of a competitive compensation package to attract and retain top-quality executives.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Under
the CIC Agreements, executives are eligible for severance benefits in the event there is a &ldquo;double trigger;&rdquo; meaning
both a CIC of the Corporation and termination of employment (for any reason other than cause or disability or by the executive
for good reason). The termination must occur (i) during the two-years following a CIC or (ii) prior to the CIC where the executive&rsquo;s
termination is directly related to the CIC. The benefits include:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                         lump-sum severance payment equal to two times (three times for the CEO) the sum of (i)
                                         the executive&rsquo;s annual base salary and (ii) the average of the executive&rsquo;s annual incentive
                                         compensation awards for the prior two years;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">annual
                                         salary through the date of termination and a bonus equal to the average of the executive&rsquo;s
                                         annual incentive compensation awards for the prior two years;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">continuation
                                         of certain medical and dental benefits for up to 18 months and group life insurance benefits
                                         for up to two years; and</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
                                         lump-sum payment for the cost of health and dental coverage for an additional six months
                                         and a lump-sum payment for two years of continued participation in disability benefit
                                         plans.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
exchange for the CIC severance benefits, each executive is subject to confidentiality and non-competition provisions for one year
from the date of termination.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
CIC Agreement defines a CIC as having occurred:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">when
                                         a third person or entity becomes the beneficial owner of 20% or more of the outstanding
                                         Common Stock, subject to certain exceptions;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">when
                                         more than one-third of the Board is composed of persons not recommended by at least three-fourths
                                         of the incumbent Board;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">upon
                                         the occurrence of certain business combinations involving the Corporation; or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">upon
                                         approval by shareholders of a complete liquidation or dissolution.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Cause
is defined as acts of dishonesty resulting in substantial personal enrichment at the Corporation&rsquo;s expense or repeated willful
or deliberate violations of obligations under the CIC Agreement resulting in material injury to the Corporation.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Good
reason is defined as:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 38; Value: 31 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">a substantially adverse change in the executive&rsquo;s position, authority or responsibilities;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">the Corporation&rsquo;s failure to comply with the CIC agreement;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">a change of more than 50 miles in the executive&rsquo;s principal place of work;</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">a purported termination of the executive&rsquo;s employment not permitted by the CIC Agreement;
or</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">&#9679;</TD><TD STYLE="text-align: justify">a successor company not assuming the CIC Agreement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Depending on the form of CIC Agreement to which a Named
Executive Officer is a party, the Corporation may be obligated to &ldquo;gross-up&rdquo; the executive&rsquo;s compensation for
any excise tax, for any federal, state and local income taxes applicable to the excise tax &ldquo;gross-up&rdquo; and for tax penalties
and interest imposed on &ldquo;excess parachute payments&rdquo; (i.e., excess severance or CIC payments), as defined in Section
280G of the Code. A gross-up payment is payable only to the extent the present value of the severance payments exceeds 110% of
three times the executive&rsquo;s annualized compensation for the most recent five years ending before the CIC occurred. If the
110% hurdle is not exceeded, the severance or CIC payments to the executive are reduced to the minimum extent necessary so no portion
of the executive&rsquo;s benefit constitutes an excess parachute payment subject to the excise tax. The Corporation may also be
obligated to gross up the lump-sum payment for health and dental coverage for tax liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In 2016, the Corporation adopted a new form of CIC Agreement
that does not include tax gross-up provisions. This is the only material difference between the new CIC Agreement and the prior
agreement. The new form of CIC Agreement will be used for executives entering into CIC Agreements going forward. Marshall H. Bridges
entered into the new CIC Agreement when he was appointed Vice President and Chief Financial Officer on January 19, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Compensation Committee does not view the CIC Agreements
as an element of current compensation, and the agreements do not necessarily affect the Compensation Committee&rsquo;s annual decisions
with respect to the compensation elements of the executive compensation program. The Compensation Committee reviews information
pertaining to compensation payable to the Named Executive Officers upon a CIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The description of the CIC Agreements is qualified in
its entirety by the original form of Change in Control Employment Agreement, attached as Exhibit 10.1 to the Corporation&rsquo;s
Current Report on Form 8-K filed November 16, 2006, as amended by Amendment No. 1, attached as Exhibit 10.1 to the Corporation&rsquo;s
Current Report on Form 8-K filed August 10, 2007 and the new form of Change in Control Employment Agreement attached as Exhibit
10.1 to the Corporation&rsquo;s Current Report on Form 8-K filed January 19, 2017.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Other
Compensation Triggered by a Change in Control Event.</I></B></FONT> Under the Stock Plan, upon a CIC, vesting is accelerated for
each outstanding RSU award and stock option. Under both the Annual Incentive Plan and the Long-Term Performance Plan, the Board
values each outstanding award prior to the effective date of a CIC and the values are payable within 30 days of a CIC. The foregoing
payments occurring on or after a CIC are not conditioned on termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following tables quantify compensation payable to
the Named Executive Officers upon a CIC. The tables include only compensation items not available to all salaried members and assume
the event occurred on December 30, 2016. The &ldquo;Total&rdquo; column in each of the following tables does not include deferred
compensation, which may be payable sooner than the original election date. For a discussion of the Corporation&rsquo;s obligations
to the Named Executive Officers under the Deferred Plan, see the <I>Nonqualified Deferred Compensation for 2016</I> Table above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Value in Event of Involuntary Termination
or Voluntary Termination for Good Reason Following a Change in Control</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(66,66,66)">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Name</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Cash</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Severance</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under CIC</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agreement</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">($) (1)</FONT></FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Additional</B></FONT><B><FONT STYLE="color: White"><BR>
    Benefits Under<BR>
    CIC Agreement<BR>
    ($) (2)</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Annual
    Incentive</B></FONT><B><FONT STYLE="color: White"><BR>
    Plan<BR>
    Acceleration<BR>
    ($) (3)</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Long
    Term</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Performance</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plan</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acceleration</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">($) (4)</FONT></FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Stock
    Options</B></FONT><B><FONT STYLE="color: White"><BR>
    Acceleration<BR>
    ($) (5)</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Excise
    Tax</B></FONT><B><FONT STYLE="color: White"><BR>
    Gross-Up Under<BR>
    CIC Agreement<BR>
    ($) (6)</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Total</B></FONT><B><FONT STYLE="color: White"><BR>
    ($)</FONT></B></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8,720,324</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56,091</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,774,345</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,186,480</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,450,549</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13,430,773</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39,618,562</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,741,495</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56,091</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">430,139</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">221,535</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,810,050</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,263,038</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,522,348</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,914,992</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">55,228</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">658,940</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,111</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,738,100</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,117,061</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9,784,432</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,920,270</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52,160</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">377,747</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">291,851</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,125,245</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,397,003</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10,164,276</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,241,493</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">56,091</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">426,855</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">215,225</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,340,767</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,277,091</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7,557,522</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Under the CIC Agreements for each Named Executive Officer, the amounts in this column include the
following: (i) an amount equal to two times (three times for Mr. Askren) the sum of (a) the executive&rsquo;s annual base salary
and (b) the average of the executive&rsquo;s annual incentive compensation</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


<!-- Field: Page; Sequence: 39; Options: NewSection; Value: 35 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">awards for the prior two years; (ii) an amount
equal to the value of the cost of health and dental coverage for an additional six months from the date of termination; (iii) an
amount equal to the value of the &ldquo;gross-up&rdquo; for any federal, state and local taxes applicable to the value of six months
of health and dental coverage continuation; and (iv) an amount equal to the value of 24 months of continued participation in the
Corporation&rsquo;s accidental death and travel accident insurance plan and disability plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Represents the value of the following benefits provided following termination of employment under
the CIC Agreements for each Named Executive Officer: medical and dental benefits for 18 months, group life insurance benefits for
24 months, and the value of the Corporation&rsquo;s required contributions to the Retirement Plan.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Represents the value of the annual incentive award earned for 2016, which the Named Executive Officer
would be entitled to receive under the Annual Incentive Plan if he remained employed by the Corporation on the last day of 2016.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Represents the estimated 2014-2016 Plan, 2015-2017 Plan, and 2016-2018 Plan award payable. This
amount has been based on the following economic profit assumptions (&ldquo;Economic Profit Assumptions&rdquo;). For the 2014-2016
Plan: (i) 35% of the targeted amount for 2014; (ii) 162% of the targeted amount for 2015; and (iii) 29% of the targeted amount
for 2016. Amount payable accounts for employment during the entire 36-month performance period. No amount would be payable until
the first quarter of 2017. For the 2015-2017 Plan: (i) 76% of the targeted amount for 2015; (ii) 0% of the targeted amount for
2016 ; and (iii) 100% of the targeted amount for 2017. The amount payable based on these assumptions has been prorated to account
for employment during 24 months of the 36-month performance period. No amount would be payable until the first quarter of 2018.
For the 2016-2018 Plan: (i) 90% of the targeted amount for 2016; (ii) 100% of the targeted amount for 2017; and (iii) 100% of the
targeted amount for 2018. Amount payable has been prorated to account for employment during 12 months of the 36-month performance
period. No amount would be payable until the first quarter of 2019. Amounts included for the Long-Term Performance Plan are estimates
and are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Due to the number of factors, the actual amounts we pay or distribute under the Long-Term Performance Plan may differ
materially. Factors affecting these amounts include the financial performance of the Corporation during 2017, 2018 and 2019 and
the achievement of economic profit goals.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Represents the value of accelerating the vesting of stock options not otherwise vested in accordance
with the Stock Plan. These options will remain exercisable until the expiration date established at the time of award. </TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in; text-align: left">(6)</TD><TD STYLE="text-align: justify">Represents the payment to &ldquo;gross-up&rdquo; the
executive&rsquo;s compensation for any excise tax and for any federal, state and local taxes applicable to the excise tax &ldquo;gross-up.&rdquo;</TD>
</TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Value in Event of Change in Control
with No Employment Termination</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 22%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(66,66,66)">
    <TD STYLE="border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; border-left: Black 1pt solid; text-align: center; vertical-align: bottom; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Name</B></FONT></TD>
    <TD STYLE="border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; text-align: center; vertical-align: bottom; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Cash</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Payment Under</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CIC Agreement</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">($)</FONT></FONT></B></TD>
    <TD STYLE="border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; text-align: center; vertical-align: bottom; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Total</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Value of Benefits</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Under CIC</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Agreement</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">($)</FONT></FONT></B></TD>
    <TD STYLE="border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; text-align: center; vertical-align: bottom; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Annual
    Incentive</B></FONT><B><FONT STYLE="color: White"><BR>
    Plan<BR>
    Acceleration<BR>
    ($) (1)</FONT></B></TD>
    <TD STYLE="border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; text-align: center; vertical-align: bottom; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Long
    Term</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Performance</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plan</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acceleration</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">($) (2)</FONT></FONT></B></TD>
    <TD STYLE="border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; text-align: center; vertical-align: bottom; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Stock
    Option</B></FONT><B><FONT STYLE="color: White"><BR>
    Acceleration<BR>
    ($) (3)</FONT></B></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 0.75pt solid; text-align: center; vertical-align: bottom; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Total</B></FONT><B><FONT STYLE="color: White"><BR>
    ($)</FONT></B></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,058,840</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,186,480</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,450,549</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,695,869</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">488,710</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">221,535</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,810,050</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,520,295</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">658,940</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,111</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,738,100</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,697,151</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">449,268</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">291,851</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,125,245</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 0.75pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,866,364</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; border-right: Black 0.75pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-left: 8.65pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">426,855</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">215,225</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 0.75pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,340,767</FONT></TD>
    <TD STYLE="vertical-align: bottom; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 8.65pt; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,982,847</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Represents the higher of the value of the annual incentive award earned for 2016, or paid in respect
to the three full fiscal years immediately prior to the CIC effective date.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Represents the estimated 2014-2016 Plan, 2015-2017 Plan, and 2016-2018 Plan award payable. See
Economic Profit Assumptions in footnote 4 of the table titled <I>Value in Event of Involuntary Termination or Voluntary Termination
for Good Reason Following a Change in Control </I>on Page 35 of this Proxy Statement<I>.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Represents the value of accelerating the vesting of stock options not otherwise vested in accordance
with the Stock Plan. These options will remain exercisable until the expiration date established at the time of award.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Compensation
Triggered By Retirement, Death or Disability.</I></B></FONT> Upon retirement at age 65, or after age 55 with ten years of service,
all outstanding Annual Incentive Plan, Long-Term Performance Plan and stock option awards immediately vest. Upon disability or
death, all outstanding Annual Incentive Plan, Long-Term Performance Plan, stock option and RSU awards immediately vest. Option
holders who terminate employment due to disability may exercise stock options, which fully vest as of the date of disability, until
the earlier of the expiration date of the stock option or the second anniversary of the date of disability. The representatives
of option holders whose employment is terminated due to death may exercise stock options, which shall fully vest as of the date
of death, until the earlier of the expiration date of the stock option or the second anniversary of the date of death. Option holders
who terminate employment due to retirement may exercise stock options, which shall fully vest as of the date of retirement, until
the earlier of the expiration of the stock option, or the third anniversary of the date of retirement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In the event of a termination of employment not due to
a CIC event, retirement, death or disability, the Named Executive Officers receive only those benefits available to all members.
However, the Named Executive Officers may exercise stock options which are vested as of the date of termination until the earlier
of the expiration of the stock option or 180 days following the date of termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 40; Value: 35 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table quantifies compensation payable to
the Named Executive Officers in the event of death, disability or retirement. Only Messrs. Askren, Dittmer, and Molinari were retirement
eligible as of the last business day of 2016, so retirement information is provided only for them. The &ldquo;Total&rdquo; column
does not include deferred compensation, which may be payable sooner than the original election date. For a discussion of the Corporation&rsquo;s
obligations to the Named Executive Officers under the Deferred Plan, see the <I>Nonqualified Deferred Compensation for 2016</I>
Table above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B><I>Value in Event of Death, Disability,
or Retirement</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 10%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 9%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 11%; text-align: justify">&nbsp;</TD></TR>
<TR STYLE="background-color: rgb(66,66,66)">
    <TD STYLE="text-align: center; vertical-align: bottom; border: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Name</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Life
    Insurance</B></FONT><B><FONT STYLE="color: White"><BR>
    Proceeds<BR>
    ($) (1)</FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Retirement</B></FONT><B><FONT STYLE="color: White"><BR>
    &amp; Profit<BR>
    Sharing<BR>
    (2)</FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Annual</B></FONT><B><FONT STYLE="color: White"><BR>
    Incentive Plan<BR>
    Acceleration<BR>
    ($) (3)</FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Long
    Term</B></FONT><B><FONT STYLE="color: White"><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Performance</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Plan</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Acceleration</FONT><BR>
    <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">($) (4)</FONT></FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Stock
    Options</B></FONT><B><FONT STYLE="color: White"><BR>
    Acceleration<BR>
    ($) (5)</FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Total
    Value in</B></FONT><B><FONT STYLE="color: White"><BR>
    Event of<BR>
    Death<BR>
    ($)</FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Total
    Value in</B></FONT><B><FONT STYLE="color: White"><BR>
    Event of<BR>
    Disability<BR>
    ($)</FONT></B></TD>
    <TD STYLE="text-align: center; vertical-align: bottom; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: White"><B>Total
    Value in</B></FONT><B><FONT STYLE="color: White"><BR>
    Event of<BR>
    Retirement<BR>
    ($)</FONT></B></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; padding-left: 8.65pt; text-align: justify; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Stan A. Askren</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27,944</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,774,345</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1,186,480</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14,450,549</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,589,318</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,439,318</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17,439,318</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; padding-left: 8.65pt; text-align: justify; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kurt A. Tjaden</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27,944</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">430,139</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">221,535</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2,810,050</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,639,668</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,489,668</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; padding-left: 8.65pt; text-align: justify; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jerald K. Dittmer</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27,672</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">658,940</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">300,111</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,738,100</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,874,823</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,724,823</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,724,823</FONT></TD></TR>
<TR STYLE="background-color: rgb(204,204,204)">
    <TD STYLE="vertical-align: top; padding-left: 8.65pt; text-align: justify; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Jeffrey D. Lorenger</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24,013</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">377,747</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">291,851</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,125,245</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,968,856</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,818,856</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">N/A</FONT></TD></TR>
<TR STYLE="background-color: rgb(167,167,167)">
    <TD STYLE="vertical-align: top; padding-left: 8.65pt; text-align: justify; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Marco V. Molinari</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">150,000</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27,944</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">426,855</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">215,225</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3,340,767</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,160,791</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,010,791</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-right: 8.65pt; text-align: right; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4,010,791</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Represents the proceeds of the life insurance policy maintained by the Corporation for each of
the Named Executive Officer under the Life Insurance Plan. The policy amount is equal to the lesser of the insured&rsquo;s annual
base salary or $150,000. This amount only applies to the Total Value in Event of Death.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Represents the value of the Corporation&rsquo;s required contributions to the Retirement Plan.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Represents the value of the annual incentive award earned for 2016, which the Named Executive Officer
would be entitled to receive under the Annual Incentive Plan if he remained employed by the Corporation on the last day of 2016.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Represents the estimated 2014-2016 Plan, 2015-2017 Plan, and 2016-2018 Plan award payable. See
Economic Profit Assumptions in footnote 4 of the table titled <I>Value in Event of Involuntary Termination or Voluntary Termination
for Good Reason Following a Change in Control </I>on Page 35 of this Proxy Statement<I>.</I></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Represents the value of accelerating the vesting of stock options not otherwise vested in accordance
with the Stock Plan. These options will remain exercisable until two years from the date of death or disability, and three years
from the date of retirement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I><A NAME="hnidef14a050917a023"></A>PROPOSAL
NO. 3 &ndash;</I></B></FONT><B> ADVISORY VOTE TO APPROVE </B><BR>
<B>NAMED EXECUTIVE OFFICER COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Corporation conducts an annual shareholder advisory
vote on named executive officer compensation as recommended by the Board, and approved by shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We urge shareholders to read the CD&amp;A and other sections
of this proxy describing how our executive compensation program operates. The Compensation Committee and the Board believe the
Corporation&rsquo;s compensation program is effective in long-term shareholder value creation and contributing to the Corporation&rsquo;s
continuing success.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Accordingly, we ask shareholders to vote FOR the following
resolution at the Meeting:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;RESOLVED, the shareholders approve, on an advisory
basis, the compensation of the Named Executive Officers as disclosed in this Proxy Statement pursuant to the compensation disclosure
rules of the SEC, including the CD&amp;A, compensation tables and narrative discussion.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The vote on this proposal is advisory and not binding
on the Corporation, the Compensation Committee or the Board. However, the Compensation Committee and the Board value the opinions
expressed by our shareholders and will carefully consider the outcome of this vote when making future compensation decisions for
the Named Executive Officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 41; Value: 35 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Required Vote</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The affirmative vote of the holders of a majority of
the Outstanding Shares voted at the Meeting is required to adopt the resolution. Abstentions and broker non-votes will not be counted
for purposes of determining whether this Proposal has received sufficient votes for approval.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recommendation of the Board</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>THE BOARD RECOMMENDS A VOTE &ldquo;FOR&rdquo; ADOPTION OF THE RESOLUTION APPROVING THE COMPENSATION OF THE NAMED EXECUTIVE OFFICERS AS DISCLOSED IN THIS PROXY STATEMENT.</I></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="hnidef14a050917a024"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>PROPOSAL
NO. 4 &ndash;</I></B></FONT><B> ADVISORY VOTE ON FREQUENCY OF FUTURE ADVISORY VOTES ON NAMED EXECUTIVE OFFICER
COMPENSATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are asking shareholders to vote, on a non-binding,
advisory basis, on the frequency of future advisory votes on named executive officer compensation. The Corporation has had annual
votes starting with the 2011 annual meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board continues to believe an advisory vote on named
executive officer compensation occurring every year is most appropriate and recommends shareholders approve an annual advisory
vote on named executive officer compensation. Holding an annual advisory vote on named executive officer compensation allows shareholders
to provide timely input on our compensation philosophy, policies and practices and provides a direct and simple means to express
investor sentiment regarding our executive compensation program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Shareholders should understand they are not voting &ldquo;for&rdquo;
or &ldquo;against&rdquo; a recommendation of the Board; rather, shareholders are asked to choose whether future advisory votes
on named executive officer compensation should be held every one, two or three years. This vote is advisory and not binding on
the Board or the Corporation and the final decision on the frequency of the advisory vote on named executive compensation remains
with the Board. The Board values the opinions expressed by our shareholders through their votes and will carefully consider the
outcome of the vote when making future decisions regarding the frequency of advisory votes on named executive compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Recommendation of the Board</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>THE BOARD RECOMMENDS A VOTE TO CONDUCT FUTURE ADVISORY VOTES ON NAMED EXECUTIVE OFFICER COMPENSATION EVERY YEAR.</I></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><A NAME="hnidef14a050917a025"></A><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>PROPOSAL
NO. 5 &ndash;</I></B></FONT><B> APPROVAL OF THE HNI CORPORATION 2017 STOCK-BASED COMPENSATION PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>General</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On February 15, 2017, the Board adopted the HNI Corporation
2017 Stock-Based Compensation Plan (the &ldquo;2017 Stock Plan&rdquo;) for members of the Corporation and its subsidiaries. The
terms of the 2017 Stock Plan are consistent with the terms of the HNI Corporation 2007 Stock-Based Compensation Plan, as amended
(the &ldquo;2007 Stock Plan&rdquo;), and upon approval, the 2017 Stock Plan will replace the 2007 Stock Plan, which expires on
May 7, 2017. As of March 10, 2017, there were approximately 2,275,961 shares of common stock that remained available for future
issuance under the 2007 Stock Plan and which will cease to be available for future grants if the 2017 Stock Plan is approved by
shareholders. The 2017 Stock Plan is designed to promote the long-term financial success of the Corporation and to increase shareholder
value by enabling the Corporation to recruit and retain quality members and to further align the interests of members with the
interests of the Corporation&rsquo;s shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 42; Value: 35 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
2017 Stock Plan permits the Corporation to issue to its members, and to members of its subsidiaries, including executive officers,
stock-based compensation awards in the form of non-statutory stock options, stock appreciation rights, restricted stock, restricted
stock units (&ldquo;RSUs&rdquo;), deferred share units, performance share awards, stock grant awards (i.e., bonus stock) and dividend
equivalent awards.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Summary
of the 2017 Stock Plan</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following is a summary of the 2017 Stock Plan, which is qualified in its entirety by reference to the full text of the 2017
Stock Plan. A copy of the full text of the 2017 Stock Plan is included as Appendix B to this proxy statement.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Purpose</I></B>.
The 2017 Stock Plan aids the Corporation in recruiting and retaining members capable of assuring the future success of the Corporation.
Awards under the 2017 Stock Plan and opportunities for stock ownership in the Corporation provide incentives to participants to
exert their best efforts for the success of the Corporation, aligning their interests with the Corporation&rsquo;s shareholders.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Administration</I></B>.
A committee (the &ldquo;Stock Plan Committee&rdquo;) consisting of two or more non-employee directors, designated by the Board,
administers the 2017 Stock Plan. Subject to the terms of the 2017 Stock Plan, the Stock Plan Committee has the power to determine,
among other things, eligibility, the types and sizes of awards, the terms and conditions of awards, any applicable vesting requirements
or restrictions and the acceleration or waiver of any such vesting requirements or restrictions. The Stock Plan Committee also
has the authority to interpret the 2017 Stock Plan and to establish, amend, suspend or waive rules and regulations relating to
the 2017 Stock Plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Stock Plan Committee may delegate its responsibilities under the Stock Plan to the Chief Executive Officer or such other executive
officer of the Corporation as it deems appropriate, except that the Stock Plan Committee may not delegate its responsibilities
with respect to awards granted to &ldquo;covered employees&rdquo; within the meaning of Section 162(m) of the Internal Revenue
Code of 1986, as amended (the &ldquo;Code&rdquo;), or decisions concerning the timing, pricing or amount of an award to an officer
or other person subject to Section 16 of the Exchange Act.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Eligibility</I></B>.
The Stock Plan Committee determines which members of the Corporation or its subsidiaries are eligible to participate in the 2017
Stock Plan. Currently, the Stock Plan Committee has determined 63 persons, including Section 162(m) covered employees, are eligible
to participate in the 2017 Stock Plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Shares
Authorized</I></B>. The Board has reserved 3,400,000 shares of common stock for issuance under the 2017 Stock Plan. Shares that
are subject to awards that terminate, lapse or are canceled or forfeited will be available again for grant under the 2017 Stock
Plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Certain
Limitations</I></B><I>.</I> No more than 1,500,000 shares of common stock are available under the 2017 Stock Plan for issuance
pursuant to restricted stock, restricted stock unit, deferred share unit, performance share, dividend equivalent, deferred share
unit and stock grant awards. Shares subject to any such awards that terminate, lapse or are canceled or forfeited will again be
available for grants of any of such awards. In addition, no participant may be granted awards under the 2017 Stock Plan for more
than 750,000 shares of common stock in the aggregate in any calendar year.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Performance
Measures</I></B><I>.</I> For awards under the 2017 Stock Plan intended to qualify under the performance-based compensation provisions
of Section 162(m) of the Code, performance shall be contingent on one or more of the following corporate-wide or subsidiary, division,
or operating unit financial measures: pre-tax profit or after-tax gross profit, operating income, operating profit, earnings before
interest, taxes, depreciation and amortization, income before taxes, net income, revenue, cash flow, return on invested capital,
return on net assets, pre-tax or after tax profit margin, pre-tax or after-tax profit growth, revenue growth, stock price, economic
profit, and total shareholder return. Each goal described above may be expressed on an absolute or relative basis, may be based
on current internal targets, the past performance of the Corporation (including the performance of one or more subsidiaries, divisions,
or operating units) or the past or current performance of other companies, and in the case of earnings-based measures, may use
comparisons relating to capital, shareholders&rsquo; equity and/or shares outstanding, or to assets or net assets. The performance
measures may be applied on a pre- or post-tax basis and may be adjusted in accordance with Section 162(m) of the Code to include
or exclude objectively determinable components of any performance measure, including foreign exchange gains and losses, asset
writedowns, acquisitions and divestitures, change in fiscal year, unbudgeted capital expenditures, special charges such as restructuring
or impairment charges, debt refinancing costs, extraordinary or noncash items, unusual, infrequently occurring, nonrecurring or
one-time events affecting the Corporation or its financial statements or changes in law or accounting principles. In the sole
discretion of the Stock Plan Committee, unless such action would cause a grant to a 162(m) covered employee to fail to qualify
as qualified performance-based compensation under Section 162(m) of the Code, the Stock Plan Committee may amend</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 43; Options: NewSection; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->39<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">or
adjust the performance measures or other terms and conditions of an outstanding award in recognition of any such adjustment events.
With respect to participants who are not 162(m) covered employees, the performance measures may consist of any objective or subjective
corporate-wide or subsidiary, division, operating unit or individual measures, whether or not listed above.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Types
of Awards</I></B>. The 2017 Stock Plan authorizes the following types of awards:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 204.25pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Options</I></B>. The Stock Plan Committee may grant stock options to purchase shares
                                         of common stock. All stock options granted under the 2017 Stock Plan are &ldquo;non-statutory
                                         stock options,&rdquo; meaning they are not intended to qualify as &ldquo;incentive stock
                                         options&rdquo; under the Code. The stock options provide for the right to purchase shares
                                         of common stock at a specified price and become exercisable after the grant date pursuant
                                         to the terms established by the Stock Plan Committee. The per share option exercise price
                                         may not be less than 100 percent of the fair market value of a share of common stock
                                         on the grant date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Appreciation Rights</I></B>. The Stock Plan Committee may grant stock appreciation rights
                                         (&ldquo;SARs&rdquo;), which provide a right to receive upon exercise the excess of the
                                         fair market value of a share of common stock on the date of exercise, over the grant
                                         price of the SAR, which may not be less than 100 percent of the fair market value of
                                         a share of common stock on the grant date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Restricted
                                         Stock and Restricted Stock Units</I></B>. The Stock Plan Committee may grant awards of
                                         restricted stock or RSUs, which shall be subject to any restrictions the Stock Plan Committee
                                         may impose, such as satisfaction of service-based or performance-based vesting conditions,
                                         or restrictions on the right to vote or receive dividends. The minimum vesting period
                                         of awards subject to satisfaction of a performance measure is one year from the grant
                                         date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Deferred
                                         Share Units</I></B>. The Stock Plan Committee may grant awards of deferred share units,
                                         subject to a deferral period of not less than one year. The deferred share units also
                                         may be subject to such restrictions as the Stock Plan Committee may impose, including
                                         satisfaction of service-based or performance-based vesting conditions. The minimum vesting
                                         period of deferred share units subject to satisfaction of a performance measure is one
                                         year from the grant date. No shares of common stock are issued at the time deferred share
                                         units are granted. Rather, shares are issued and delivered upon expiration of the deferral
                                         period related to the deferred share units.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Performance
                                         Share Awards</I></B>. The Stock Plan Committee may grant performance share awards. Each
                                         performance share constitutes a right, conditioned solely on the attainment of one or
                                         more performance measures during a performance period, to receive a share of common stock
                                         or, to the extent provided in the applicable award agreement, cash. Prior to the settlement
                                         of a performance share award, the holder of the award has no rights as a shareholder
                                         with respect to the shares of common stock subject to the award. The minimum performance
                                         period for any performance share award is one year from the date of grant.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Grant Awards</I></B>. The 2017 Stock Plan also authorizes grants of unrestricted shares
                                         of common stock, subject to any terms and conditions the Stock Plan Committee may determine.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Dividend
                                         Equivalent Awards</I></B>. The Stock Plan Committee may grant dividend equivalent awards
                                         on previously granted awards of RSUs, performance shares or deferred share units. Dividend
                                         equivalent awards entitle the recipient to receive payment in cash, shares of common
                                         stock or other securities, other awards or other property as determined by the Stock
                                         Plan Committee equivalent to the amount of any cash dividends paid by the Corporation
                                         to holders of shares of common stock.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">All
awards are subject to the terms of the 2017 Stock Plan and any other terms and conditions as the Stock Plan Committee may deem
appropriate.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Non-transferability</I></B>.
Awards (and rights under awards) under the 2017 Stock Plan may not be transferred except by will or the laws of descent and distribution.
The Stock Plan Committee, in its discretion and subject to such additional terms and conditions as it determines, may also permit
a participant to transfer a stock option to certain family members.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Adjustment
for Certain Corporate Changes</I></B>. In the event of a dividend or other distribution, recapitalization, stock split, reverse
stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares of common
stock or other securities of the Corporation, issuance of warrants or other rights to purchase shares of common stock or other
securities of the Corporation or other similar corporate transaction or event, other than a regular cash dividend, which affects
shares</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 44; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->40<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">requiring
an adjustment to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the
2017 Stock Plan, the Stock Plan Committee shall, in such manner it deems equitable, make appropriate adjustments to the number
and type of shares of common stock available for grant (including the per person limitations in the 2017 Stock Plan), the number
and type of shares of common stock subject to outstanding awards and the purchase or exercise price with respect to any award.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Change
in Control.</I></B> Under the 2017 Stock Plan, a change in control of the Corporation generally means (a) certain acquisitions
of 20% or more of the then outstanding shares of common stock, (b) a change in the Board resulting in the incumbent directors
ceasing to constitute at least a majority of the Board, or (c) the consummation of a reorganization, merger or consolidation or
sale or disposition of all or substantially all of the assets of the Corporation (unless, among other conditions, the Corporation&rsquo;s
stockholders receive more than 50% of the stock of the resulting company).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
the event of a change in control pursuant to clause (c) above or the approval by shareholders of a plan of complete liquidation
or dissolution in which stockholders receive publicly traded common stock, (i) all outstanding awards will immediately vest and
options and SARs immediately will become exercisable in full, with any applicable performance measures being deemed satisfied
at the maximum level, and (ii) each outstanding award will be substituted and will represent a right to acquire the appropriate
number of shares of common stock received in the merger or similar transaction.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">In
the event of a change in control pursuant to clause (a) or (b), or pursuant to clause (c) or the approval by shareholders of a
plan of complete liquidation or dissolution in which stockholders receive consideration other than publicly traded common stock,
the Stock Plan Committee may in its sole discretion require that each outstanding award be surrendered to the Corporation in exchange
for a cash payment.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Amendment</I></B>.
The Board may amend, alter, suspend, discontinue or terminate the 2017 Stock Plan at any time, subject to any requirement of stockholder
approval required by applicable law, rule or regulation, including Section 162(m) of the Code and any rule of the NYSE. The Stock
Plan Committee may amend, alter, suspend, discontinue or terminate an outstanding award, prospectively or retroactively, but no
such action may adversely affect the rights of the holder of such award in any material respect without the consent of the holder.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Term</I></B>.
The 2017 Stock Plan expires on May 9, 2027, unless earlier terminated by the Board.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Effect
of Termination of Employment</I></B>. The 2017 Stock Plan authorizes the Stock Plan Committee to determine, at the time of the
grant of any award, all terms relating to the exercise, cancellation, forfeiture or other disposition of such award upon a participant&rsquo;s
termination of employment. However, in the event of a termination of employment by reason of death or disability, each award granted
under the 2017 Stock Plan will become fully exercisable and vested. In addition, in the event of termination of employment due
to an eligible retirement, each grant of stock options and SARs under the 2017 Stock Plan will become fully exercisable and vested.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>New
Plan Benefits.</I></B> Although the Corporation anticipates that awards will be made to members following the effective date and
during the term of the 2017 Stock Plan, no specific determinations have been made regarding the timing, size or terms of individual
awards at this time. All members of the Corporation and its subsidiaries, including executive officers, may be eligible for awards
under the 2017 Stock Plan as determined by the Stock Plan Committee. The timing, size, terms and recipients of such awards are
determined from time to time by the Board in its discretion.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Federal
Income Tax Consequences</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following is a brief overview of the U.S. federal income tax consequences generally arising with respect to awards under the
2017 Stock Plan. This summary is not intended to be exhaustive, is subject to change and does not describe state, local or
non- U.S. tax consequences or consequences of other applicable tax laws.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Tax
Consequences to Participants</I></B>. The tax consequences to the participants depend on the type of award granted under the
2017 Stock Plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Options</I></B>. In general: (1) no income will be recognized by the participant at the
                                         time a stock option is granted; (2) at the time of exercise of a stock option, ordinary
                                         income will be recognized by the participant in an amount equal to the excess of the
                                         fair market value of the shares over the option price paid for the shares, if they are
                                         unrestricted on the date of exercise; and (3) at the time of sale of shares acquired
                                         pursuant to the exercise of a stock option, any appreciation (or</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 45; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->41<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.2pt 0pt 42pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">depreciation)
in the value of the shares after the date of exercise will be treated as either short-term or long-term capital gain (or loss)
depending on whether the shares have been held for more than one year.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.2pt 0pt 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Appreciation Rights</I></B>. No income will be recognized by a participant in connection
                                         with the grant of SARs. When the SAR is exercised, the participant normally will be required
                                         to include as ordinary income in the year of exercise an amount equal to the amount of
                                         cash and the fair market value of any unrestricted shares received pursuant to the exercise.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Restricted
                                         Stock</I></B>. A participant receiving restricted stock will not recognize ordinary income
                                         at the time of grant unless the participant makes an election to be taxed at such time.
                                         If such election is not made, the participant will recognize ordinary income at the time
                                         the restrictions lapse in an amount equal to the excess of the fair market value of the
                                         stock at such time over the amount, if any, paid for the stock. In addition, a participant
                                         receiving dividends with respect to restricted stock for which the above-described election
                                         has not been made and prior to the time the restrictions lapse will recognize ordinary
                                         income, rather than dividend income, in an amount equal to the dividends paid. Upon disposition
                                         of such stock, any appreciation (or depreciation) in the value of the stock after the
                                         date the restrictions lapse will be taxed as either short-term or long-term capital
                                         gain (or loss) depending on the holding period. If a participant properly makes an election
                                         to be taxed at the time the restricted stock is granted, the participant will recognize
                                         ordinary income on the date of grant equal to the excess of the fair market value of
                                         the stock at such time over the amount, if any, paid for such stock. The participant
                                         will not recognize any income at the time the restrictions lapse. Upon disposition of
                                         such stock, any appreciation (or depreciation) in the value of the stock after the date
                                         the restricted stock was granted will be taxed as either short-term or long-term capital
                                         gain (or loss) depending on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Restricted
                                         Stock Units</I></B>. A participant receiving an RSU award will not recognize taxable
                                         income upon the grant of such award. Upon the settlement of the award, the participant
                                         will recognize ordinary income in an amount equal to the fair market value of any shares
                                         delivered and any cash paid by the Corporation. Upon disposition of such shares, any
                                         appreciation (or depreciation) in the value of the shares after the date of the settlement
                                         of the award will be taxed as either short-term or long-term capital gain (or loss) depending
                                         on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Deferred
                                         Share Units</I></B>. A participant receiving a deferred share unit will recognize ordinary
                                         income in the year the participant receives shares in an amount equal to the value of
                                         the deferred shares at that time less any consideration paid by the participant. Upon
                                         disposition of such shares, any appreciation (or depreciation) in the value of the shares
                                         after the date of the delivery of the deferred shares will be taxed as either short-term
                                         or long-term capital gain (or loss) depending on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Performance
                                         Share Awards</I></B>. A participant receiving a performance share award will not recognize
                                         taxable income upon the grant of such award. Upon the settlement of the award, the participant
                                         will recognize ordinary income in an amount equal to the fair market value of any shares
                                         delivered and any cash paid by the Corporation. Upon disposition of such shares, any
                                         appreciation (or depreciation) in the value of the shares after the date of the settlement
                                         of the award will be taxed as either short-term or long-term capital gain (or loss) depending
                                         on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Grant Awards</I></B>. A participant receiving a stock grant award will recognize taxable
                                         income at the time the stock is awarded in an amount equal to the then fair market value
                                         of such stock less the amount, if any, paid for such shares. Upon disposition of such
                                         stock, any appreciation (or depreciation) in the value of the stock after the date the
                                         participant received the stock will be taxed as either short-term or long-term capital
                                         gain (or loss) depending on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Dividend
                                         Equivalent Awards</I></B>. If an award also includes a dividend equivalent award, a participant
                                         will recognize ordinary income when the participant receives payment of the dividend
                                         equivalents.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Tax
Consequences to the Corporation</I></B>. To the extent a participant recognizes ordinary income in the circumstances described
above, the Corporation or the subsidiary for which the member performs services will be entitled to a corresponding deduction
if, among other things, the income meets the test of reasonableness, is an ordinary and necessary business expense, is not an
&ldquo;excess parachute payment&rdquo; within the meaning of Section 280G of the Code and is not disallowed by Section 162(m).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.2pt 0pt 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Required
Vote</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 479.15pt 0pt 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
2017 Stock Plan must be approved, in accordance with the NYSE Listed Company Manual, by the affirmative vote of a majority of
the votes cast on the proposal at the meeting. The NYSE has a higher standard for shareholder approval of an equity plan than
&sect; 490.725 of the Iowa Business Corporation Act (which is the standard for most proposals per the Corporation&rsquo;s By-</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.15pt 0pt 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 46; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">laws),
which Iowa law indicates a proposal is approved if the votes cast at the meeting &ldquo;for&rdquo; the proposal exceed the votes
cast &ldquo;against&rdquo; the proposal. <I>See</I> NYSE LCM &sect; 312.07. Broker non-votes will not be counted for purposes
of determining whether this proposal has received sufficient votes for approval. Pursuant to the NYSE Listed Company Manual, abstentions
will be treated as &ldquo;votes cast&rdquo; and will have the same effect as a vote &ldquo;against&rdquo; this proposal for purposes
of determining whether this proposal has been approved.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Recommendation
of the Board</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 406.05pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 95%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; text-align: center; padding: 5.4pt; border: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>THE
    BOARD RECOMMENDS A VOTE &ldquo;FOR&rdquo; APPROVAL OF THE <BR>
    HNI CORPORATION 2017 STOCK-BASED COMPENSATION PLAN.</I></B></FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I><A NAME="hnidef14a050917a026"></A>PROPOSAL
NO. 6</I> - APPROVAL OF THE<BR>
</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>2017
EQUITY PLAN FOR NON-EMPLOYEE DIRECTORS OF HNI CORPORATION</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 56.25pt 0pt 56.2pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>General</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 507.25pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
February 15, 2017, the Board adopted the 2017 Equity Plan for Non-Employee Directors of HNI Corporation (the &ldquo;2017
Equity Plan&rdquo;). The terms of the 2017 Equity Plan are consistent with the terms of the 2007 Equity Plan for Non-Employee
Directors of HNI Corporation, as amended (the &ldquo;2007 Equity Plan&rdquo;), and upon approval, the 2017 Equity Plan will
replace the 2007 Equity Plan, which expires on May 7, 2017. As of March 10, 2017, there were approximately 160,738 shares of
common stock that remained available for future issuance under the 2007 Equity Plan and which will cease to be available for
future grants if the 2017 Equity Plan is approved by shareholders. The 2017 Equity Plan is designed to promote the long-term
financial success of the Corporation and to increase shareholder value by enabling the Corporation to attract and retain
outstanding individuals to serve as non-employee directors and to further align the interests of non-employee directors with
the interests of the Corporation&rsquo;s shareholders. The 2017 Equity Plan permits the Corporation to issue to its non-employee
directors stock options, shares of restricted stock of the Corporation and stock grant awards. The 2017 Equity Plan also
permits non-employee directors to elect to receive all or a portion of their annual retainers, meeting fees and other amounts
payable to such director by the Corporation for services performed as a non-employee director in the form of shares of common
stock.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Summary
of the 2017 Equity Plan</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 391.45pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following is a summary of the 2017 Equity Plan, which is qualified in its entirety by reference to the full text of the 2017
Equity Plan. A copy of the full text of the 2017 Equity Plan is included as Appendix C to this proxy statement.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 80.6pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Purpose</I></B>.
The 2017 Equity Plan is intended to aid the Corporation in recruiting and retaining non-employee directors capable of assuring
the future success of the Corporation. The Corporation expects the awards under the 2017 Equity Plan and opportunities for stock
ownership in the Corporation will provide incentives to non-employee directors to exert their best efforts for the success of
the Corporation, aligning their interests with those of the Corporation&rsquo;s shareholders.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Administration</I></B>.
The Board administers the 2017 Equity Plan and has the authority to interpret the 2017 Equity Plan and to establish, amend, waive
and rescind rules and regulations relating to the 2017 Equity Plan. The Board may delegate its authority to administer the 2017
Equity Plan to any committee or subcommittee of non-employee directors.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Eligibility</I></B>.
Each director who is not a current member of the Corporation or any of its subsidiaries is eligible to receive awards under the
2017 Equity Plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Shares
Authorized</I></B>. The Board has reserved 300,000 shares of common stock for issuance under the 2017 Equity Plan. Shares that
are subject to awards that terminate, lapse or are canceled or forfeited will be available again for grant under the 2017 Equity
Plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Types
of Awards</I></B>. The 2017 Equity Plan authorizes the following types of awards:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 200.2pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="padding-right: 17.75pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Options</I></B>. The 2017 Equity Plan authorizes grants of options to purchase shares
                                         of common stock. All options granted under the 2017 Equity Plan are &ldquo;non-statutory
                                         stock options,&rdquo; meaning they are not intended to qualify as &ldquo;incentive stock
                                         options&rdquo; under the Code. The stock options will provide for the right to purchase
                                         shares of common</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 47; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 28.4pt 0pt 42pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">stock
at a specified price and will become exercisable after the grant date, pursuant to the terms established by the Board. The per
share option exercise price may not be less than 100 percent of the fair market value of a share of common stock on the grant
date.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 28.4pt 0pt 42pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="padding-right: 4.6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Restricted
                                         Stock</I></B>. The 2017 Equity Plan authorizes awards of restricted stock, to be subject
                                         to any restrictions the Board may impose, such as satisfaction of service-based or performance-based
                                         vesting conditions, or restrictions on the right to vote or receive dividends. The minimum
                                         vesting period of such awards is one year from the grant date.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="padding-right: 23.8pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Common
                                         Stock Grants</I></B>. The 2017 Equity Plan also authorizes grants of unrestricted shares
                                         of common stock. Such awards may be subject to any terms and conditions the Board may
                                         determine.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="padding-right: 9.65pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Additional
                                         Cash Award to Offset Taxes</I></B>. In connection with the grant of restricted stock
                                         or unrestricted shares of common stock, the Board may provide for the payment of a cash
                                         award to the non-employee director in order to offset the amount of taxes incurred in
                                         connection with such award.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">All
awards are subject to the terms of the 2017 Equity Plan and any other terms and conditions as the Board may deem appropriate.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.2pt 0pt 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Director
Fees Payable in Shares</I></B>. The 2017 Equity Plan permits non-employee directors to elect to receive shares of common stock
in lieu of all or a portion of the cash payments to be made by the Corporation for annual retainers, meeting fees and other services
performed as a non-employee director.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Non-transferability</I></B>.
Awards (and rights under awards) under the 2017 Equity Plan may not be transferred except by will or the laws of descent and distribution.
The Board, in its discretion and subject to such additional terms and conditions as it determines, may also permit a participant
to transfer a stock option to certain family members.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Adjustment
for Certain Corporate Changes</I></B>. In the event of a dividend or other distribution, recapitalization, stock split, reverse
stock split, reorganization, merger, consolidation, split-up, spin-off, combination, repurchase or exchange of shares of common
stock or other securities of the Corporation, issuance of warrants or other rights to purchase shares of common stock or other
securities of the Corporation or other similar corporate transaction or event, other than a regular cash dividend, which affects
shares requiring an adjustment to prevent dilution or enlargement of the benefits or potential benefits intended to be made available
under the 2017 Equity Plan, the Board shall, in such manner it deems equitable, make appropriate adjustments to the number and
type of shares of common stock available for grant, the number and type of shares of common stock subject to outstanding awards
and the purchase or exercise price with respect to any award.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Amendment</I></B>.
The Board may amend, alter, suspend, discontinue or terminate the 2017 Equity Plan at any time, subject to any requirement of
stockholder approval required by applicable law, rule or regulation, including any rule of the NYSE. The Board may amend, alter,
suspend, discontinue or terminate an outstanding award, prospectively or retroactively, but no such action may adversely affect
the rights of the holder of such award in any material respect without the consent of the holder.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Term</I></B>.
The 2017 Equity Plan expires on May 9, 2027, unless earlier terminated by the Board.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Separation
from Service</I></B>. The 2017 Equity Plan authorizes the Board to determine all terms relating to the exercise, cancellation,
forfeiture or other disposition of any award upon a non-employee director&rsquo;s separation of service. In the event of a separation
from service by reason of death, disability or change in control, each award granted under the 2017 Equity Plan will become fully
exercisable and vested. In the event of a separation from service by reason of an eligible retirement, in the case of an option
award, such award shall become fully exercisable and vested upon the date of retirement. In the event of a separation from service
by reason of hardship or other special circumstances of a participant who holds an option award, restricted stock award or a common
stock grant award, the Board or the Chairman may in its (or his or her) sole discretion take any action it (or he or she) deems
to be equitable under the circumstances or in the best interests of the Corporation.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">Under
the 2017 Equity Plan, a change in control of the Corporation generally means (a) certain acquisitions of 35% or more of the then
outstanding shares of common stock, (b) a change in the Board resulting in the incumbent directors ceasing to constitute at least
a majority of the Board or (c) the consummation of a reorganization, merger or consolidation or sale or disposition of all or
substantially all of the assets of the Corporation (unless, among other conditions, the Corporation&rsquo;s stockholders receive
more than 50% of the stock of the resulting company).</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 10.7pt 0pt 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 48; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>&nbsp;</I></B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: left; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>New
Plan Benefits</I></B>. Although the Corporation anticipates that awards will be made to non-employee directors following the
effective date and during the term of the 2017 Equity Plan, no specific determinations have been made regarding the timing,
size or terms of individual awards at this time. As noted above, only non-employee directors will be eligible to receive
awards under the 2017 Equity Plan. Therefore, executive officers who are also directors will not be eligible to receive
benefits under the 2017 Equity Plan. The timing, size, terms and recipients of such awards are determined from time to time
by the Board in its discretion.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Federal
Income Tax Consequences</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following is a brief overview of the U.S. federal income tax consequences generally arising with respect to awards under the
2017 Equity Plan. This summary is not intended to be exhaustive and does not describe state, local or non-U.S. tax
consequences.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Tax
Consequences to Participants</I></B>. The tax consequences to the participants depend on the type of award granted under the
2017 Equity Plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 6pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Stock
                                         Options</I></B>. In general: (i) no income will be recognized by the participant at the
                                         time a stock option is granted; (ii) at the time of exercise of a stock option, ordinary
                                         income will be recognized by the participant in an amount equal to the excess of the
                                         fair market value of the shares over the option price paid for the shares, if they are
                                         unrestricted on the date of exercise; and (iii) at the time of sale of shares acquired
                                         pursuant to the exercise of a stock option, any appreciation (or depreciation) in the
                                         value of the shares after the date of exercise will be treated as either short-term or
                                         long-term capital gain (or loss) depending on whether the shares have been held for more
                                         than one year.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.15pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Restricted
                                         Stock</I></B>. A participant receiving restricted stock will not recognize ordinary income
                                         at the time of grant unless the participant makes an election to be taxed at such time.
                                         If such election is not made, the participant will recognize ordinary income at the time
                                         the restrictions lapse in an amount equal to the excess of the fair market value of the
                                         stock at such time over the amount, if any, paid for the stock. In addition, a participant
                                         receiving dividends with respect to restricted stock for which the above-described election
                                         has not been made and prior to the time the restrictions lapse will recognize ordinary
                                         income, rather than dividend income, in an amount equal to the dividends paid. Upon disposition
                                         of such stock, any appreciation (or depreciation) in the value of the stock after the
                                         date the restrictions lapsed will be taxed as either short-term or long-term capital
                                         gain (or loss) depending on the holding period. If a participant properly makes an election
                                         to be taxed at the time the restricted stock is granted, the participant will recognize
                                         ordinary income on the date of grant equal to the excess of the fair market value of
                                         the stock at such time over the amount, if any, paid for such stock. The participant
                                         will not recognize any income at the time the restrictions lapse. Upon disposition of
                                         such stock, any appreciation (or depreciation) in the value of the stock after the date
                                         the restricted stock was granted will be taxed as either short-term or long-term capital
                                         gain (or loss) depending on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Common
                                         Stock Grants</I></B>. A participant receiving a common stock grant will recognize ordinary
                                         income upon the grant of such shares in an amount equal to the fair market value of any
                                         such shares delivered by the Corporation less the amount, if any, paid for such shares.
                                         Upon disposition of such shares, any appreciation (or depreciation) in the value of the
                                         shares after the date of grant will be taxed as either short-term or long-term capital
                                         gain (or loss) depending on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify; padding-right: 3.2pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Director
                                         Fees Payable in Shares</I></B>. A participant receiving director fees in shares will
                                         recognize ordinary income upon the issuance or delivery of such shares in an amount equal
                                         to the fair market value of any such shares delivered by the Corporation. Upon disposition
                                         of such shares, any appreciation (or depreciation) in the value of the shares after the
                                         date of grant will be taxed as either short-term or long-term capital gain (or loss)
                                         depending on the holding period.</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Tax
Consequences to the Corporation</I></B>. To the extent that a participant recognizes ordinary income in the circumstances
described above, the Corporation will be entitled to a corresponding deduction to the extent that such a deduction is
authorized under Section 162 of the Code.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Required
Vote</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
2017 Equity Plan must be approved, in accordance with the NYSE Listed Company Manual, by the affirmative vote of a majority of
the votes cast on the proposal at the meeting. Broker non-votes will not be counted for purposes of determining whether this proposal
has received sufficient votes for approval. Pursuant to the NYSE Listed Company Manual, abstentions will be treated as &ldquo;votes
cast&rdquo; and will have the same effect as a vote &ldquo;against&rdquo; this proposal for purposes of determining whether this
proposal has been approved.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.2pt 0pt 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 49; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Recommendation
of the Board</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 95%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; text-align: center; padding: 5.4pt; border: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>THE
    BOARD RECOMMENDS A VOTE &ldquo;FOR&rdquo; THE PROPOSAL TO APPROVE THE 2017 EQUITY PLAN<BR>
    FOR NON-EMPLOYEE DIRECTORS OF HNI CORPORATION.</I></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; text-align: justify; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I><A NAME="hnidef14a050917a027"></A>PROPOSAL
NO. 7 &ndash;</I> APPROVAL OF THE HNI CORPORATION MEMBERS&rsquo; STOCK PURCHASE PLAN</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>General</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">On
February 15, 2017, the Board adopted the HNI Corporation Members&rsquo; Stock Purchase Plan (the &ldquo;2017 MSPP&rdquo;).
The terms of the 2017 MSPP are consistent with the terms of the HNI Corporation 2002 Members&rsquo; Stock Purchase Plan
(f/k/a HON INDUSTRIES Inc. 2002 Members&rsquo; Stock Purchase Plan), as amended (the &ldquo;2002 MSPP&rdquo;), and upon
approval, the 2017 MSPP will replace the 2002 MSPP. As of March 10, 2017, there were approximately 298,105 shares of common
stock that remained available for future issuance under the 2002 MSPP and which will cease to be available for future grants
if the 2017 MSPP is approved by shareholders. The Corporation takes pride in its member-owner culture and for more than 40
years has maintained programs to facilitate the purchase of common stock by members.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Summary
of the 2017 MSPP</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following is a summary of the 2017 MSPP, which is qualified in its entirety by reference to the full text of the 2017 MSPP. A
copy of the full text of the 2017 MSPP is included as Appendix D to this proxy statement.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Purpose</I></B>.
The 2017 MSPP is intended to (i) advance the interests of the Corporation and its shareholders by strengthening the Corporation&rsquo;s
ability to attract and retain members who have the training, experience and ability to enhance the profitability of the Corporation
and (ii) align the interests of members with the interests of shareholders by rewarding members upon whose judgment, initiative
and effort the success of the Corporation largely depends.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Administration</I></B>.
The 2017 MSPP is administered by a management committee consisting of not less than three members appointed by the Board
(the &ldquo;MSPP Committee&rdquo;). The MSPP Committee has the authority to (i) interpret and construct the 2017 MSPP and the
options granted thereunder, (ii) establish policies, procedures and rules related to the operation and administration of the
2017 MSPP, (iii) make adjustments in the option price and the number and kind of optioned shares as may be equitably required
as a result of certain transactions and events affecting the common stock and (iv) subject to certain limitations, amend the
provisions of the 2017 MSPP. The interpretation and construction by the MSPP Committee of any provision of the 2017 MSPP or
of any option granted under it will be final.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Eligibility</I></B>.
Any person who is employed by the Corporation or a Subsidiary (as defined below) and who customarily works 20 hours or more
per week, and who customarily works for five months or more in any calendar year is eligible to participate in the 2017 MSPP.
A &ldquo;Subsidiary&rdquo; is defined under the 2017 MSPP as any corporation designated by the MSPP Committee that is a
direct or indirect wholly owned subsidiary of the Corporation. As of March 10, 2017, approximately 7,700 members were
eligible to participate in the 2017 MSPP.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Shares
Authorized</I></B>. The Board has reserved 800,000 shares of common stock for issuance under the 2017 MSPP.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Terms
of Options and Acceptance</I></B>. On the first business day of each fiscal quarter during which the 2017 MSPP is in effect (the
&ldquo;Entry Date&rdquo;), each eligible, participating member will be granted an option to purchase shares of common stock. A
member will evidence acceptance of the option by executing and providing to the Corporation a Subscription and Authorization Form
(the &ldquo;Form&rdquo;). Each eligible member may elect that his or her compensation be reduced by a specified dollar amount.
Notwithstanding the foregoing, a member will not be granted options under the Plan if (i) immediately after the option is granted,
the member would have the right to purchase shares of common stock having a fair market value as of the relevant Exercise Date
(as defined below) in excess of $21,250 (85% of $25,000) in any calendar year, or (ii) immediately after the option was granted
(and assuming the purchase of all stock which such member has the right to purchase), such member would own 5% or more of the
total combined voting power or value of all classes of stock of the Corporation or of any Subsidiary.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 3.15pt 0pt 6pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 50; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->46<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Once
a member elects to participate in the 2017 MSPP, the member automatically will be deemed to have elected to participate in subsequent
quarterly offering periods unless he or she withdraws from the 2017 MSPP or reaches one of the limitations described in the preceding
paragraph. A member&rsquo;s subscription to purchase shares during a quarter may be reduced by the MSPP Committee without notice
to the member to the extent necessary to avoid exceeding a limitation imposed by the 2017 MSPP or by law.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Purchase
of Stoc</I></B>k. The purchase of shares of common stock takes place automatically on the last business day of each fiscal quarter
during which the 2017 MSPP is in effect (the &ldquo;Exercise Date&rdquo;). The option shall be deemed automatically exercised
on the Exercise Date to the extent of payments received from the member. If the number of shares which may be registered on any
Exercise Date exceeds the number of shares authorized for issuance under the 2017 MSPP, the shares authorized for issuance will
be made available for purchase on a pro-rata basis.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">After
each Exercise Date, the Corporation will deliver the shares purchased by the member to a brokerage account established for the
member at a Corporation-designated brokerage firm. The shares will be held in the brokerage account until the member sells such
shares or transfers them to other accounts or to another brokerage firm.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Price
and Payment</I></B>. The option price of shares purchased on any Exercise Date will be 85% of the fair market value of such stock
on the Exercise Date. Payment of the option price through payroll deductions must be paid in full in U.S. dollars no later than
the applicable Exercise Date. Minimum payroll deductions are $5.00 for members paid weekly and $10.00 for members paid semimonthly
or biweekly. No interest is earned on any payroll deductions.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Termination
of Employment</I></B>. If a member terminates employment with the Corporation or a Subsidiary for any reason, the accumulated
funds in his or her account at the time of termination will be used to purchase shares of common stock on the next Exercise Date,
and the member will have no further rights under the 2017 MSPP.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Corporate
Transactions</I></B>. In the event of a proposed dissolution or liquidation of the Corporation, the offering period then in progress
will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the MSPP Committee.
In the event of a proposed sale of all or substantially all of the assets of the Corporation, or the merger of the Corporation
with or into another corporation, each option under the Plan shall be assumed or an equivalent option shall be substituted by
such successor corporation or a parent or subsidiary of such successor corporation in accordance with Section 424 of the Code,
unless the Board or MSPP Committee determines, in the exercise of its sole discretion and in lieu of such assumption or substitution,
to shorten the offering period then in progress by setting a new Exercise Date or to cancel each outstanding option and refund
all sums collected from members during the offering period then in progress.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Rights
as a Shareholder</I></B>. The members shall have no rights as shareholders with respect to any common stock covered by options
until the options are exercised and the purchase price is paid in full.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Duration</I></B>.
No options may be granted pursuant to the 2017 MSPP after the earlier of (i) the date on which the maximum number of shares of
common stock authorized under the 2017 MSPP have been purchased under the 2017 MSPP or (ii) the date as of which the Board terminates
the 2017 MSPP.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Federal
Income Tax Consequences.</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 385.9pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
following is a brief summary of the U.S. federal income tax consequences that may occur based on the federal income tax laws currently
in effect. This summary is not intended to be exhaustive and does not describe state, local or non-U.S. tax consequences.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
2017 MSPP is intended to qualify as an &ldquo;employee stock purchase plan&rdquo; within the meaning of Section 423 of the Code.
Assuming the 2017 MSPP continues to qualify under Section 423 of the Code, participants will not recognize income for federal
income tax purposes either upon enrollment in the 2017 MSPP or upon purchasing shares under the 2017 MSPP.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
the shares are held more than two years from the applicable Exercise Date, the participant will recognize ordinary income in an
amount equal to the lesser of (i) 15% of the fair market value of the shares on the Exercise Date or (ii) the amount by which
the fair market value of the shares at the time of the sale exceeds the purchase price, and any gain in excess of the fair market
value of such shares on the Exercise Date will be taxable at long-term capital gain rates.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
the shares are not held for the minimum period described in the preceding paragraph, the participant will recognize ordinary income
in the amount by which the fair market value of the shares on the Exercise Date exceeded the option price. This ordinary</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 51; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->47<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">income
is not limited to the gain from the sale of the stock. The participant&rsquo;s basis in the stock is increased by the amount of
the ordinary income. The difference between the increased basis and the selling price of the stock is a capital gain or loss.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
a participant should die owning shares acquired under the 2017 MSPP, he or she will be deemed to have disposed of his or her shares
on the date of death and will realize ordinary income to the extent of the ordinary income component described in the preceding
paragraphs, as applicable, but no capital gain will result until the time of a subsequent sale, when the amount of gain will typically
be equal to the excess of the selling price over the fair market value of the shares on the date of death or the alternative valuation
date for federal estate tax purposes.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Required
Vote</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 479.15pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
2017 MSPP must be approved, in accordance with the NYSE Listed Company Manual, by the affirmative vote of a majority of the votes
cast on the proposal at the meeting. Broker non-votes will not be counted for purposes of determining whether this proposal has
received sufficient votes for approval. Pursuant to the NYSE Listed Company Manual, abstentions will be treated as &ldquo;votes
cast&rdquo; and will have the same effect as a vote &ldquo;against&rdquo; this proposal for purposes of determining whether this
proposal has been approved.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Recommendation
of the Board</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 406.05pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 406.05pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 100%; text-align: center; padding: 5.4pt; border: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>THE
    BOARD RECOMMENDS A VOTE &ldquo;FOR&rdquo; THE HNI CORPORATION MEMBERS&rsquo; STOCK PURCHASE PLAN.</I></B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 406.05pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><A NAME="hnidef14a050917a028"></A>DIRECTOR
COMPENSATION</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 193.65pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Each
independent Director receives an annual retainer of $163,200, of which $65,280 is paid in cash in equal installments of
$16,320 at each quarterly Board meeting (prior to the May 10, 2016 Board meeting, the cash retainer was $65,000) and $97,920
is paid in the form of a Common Stock grant issued under the 2007 Equity Plan following the May Board meeting (prior to the
May 10, 2016 Board meeting, the Common Stock retainer was $95,000). In 2016, each independent Director received:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">a
cash installment payment of $16,250 at the February Board meeting and $16,320 at each of the May, August and November Board meetings;
and</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 23pt"><FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0pt; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9679;</FONT></TD><TD><FONT STYLE="font-family: Times New Roman, Times, Serif">a
$97,920 Common Stock grant at the May Board meeting.</FONT></TD>
</TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 276.65pt 0pt 5pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Lead Director receives an additional annual retainer of $19,000 (prior to the May 10, 2016 Board meeting, the retainer was
$17,500). Each Audit Committee member receives an additional annual retainer of $6,000 (prior to the May 10, 2016 Board
meeting, the retainer was $4,000). The Chairperson of the Audit Committee receives an additional annual retainer of $15,000.
The Chairpersons of the Compensation Committee and Governance Committee each receive an additional annual retainer of
$10,000. As with the cash portion of the annual retainer for Board service, retainers for committee Chairpersons, Lead
Director or Audit Committee service are paid in equal installments at each quarterly Board meeting.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Independent
Directors may receive an additional $1,000 for each meeting attended if they are required to travel six hours or more on a round-trip
basis. Directors are also reimbursed for travel and related expenses incurred to attend meetings. For purposes of determining
Director compensation, an independent Director is anyone who is not a member of the Corporation. Directors who are members of
the Corporation do not receive additional compensation for service on the Board.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Corporation&rsquo;s policy with regard to Common Stock ownership by independent Directors is for each Director to own Common Stock with
a market value of five times or more the cash portion of the annual retainer. To promote Common Stock ownership, Directors are
required to receive one-half of the cash portion of their annual retainer in the form of shares of Common Stock to be issued under
the 2007 Equity Plan or, to the extent the Director participates in the HNI Corporation Directors Deferred Compensation Plan (the
&ldquo;Directors Deferred Plan&rdquo;), in the form of nonvoting share units to be credited to the Director&rsquo;s account under the
Directors Deferred Plan. This requirement does not, however, apply to any Director owning Common Stock with a market value of
five times or more the cash portion of the annual retainer. As of the end of 2016, all of the Corporation&rsquo;s independent Directors
were in compliance with the Corporation&rsquo;s policy with regard to stock ownership.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 52; Value: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0pt 0pt 0pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition to acquiring Common Stock as partial payment
of their annual retainer, independent Directors can also acquire Common Stock in several other ways. Under the 2007 Equity Plan,
Directors may elect to receive all or a portion of their cash retainers in the form of shares of Common Stock. Under the Directors
Deferred Plan, each Director has the opportunity to defer up to 100% of his or her retainers. Amounts can be deferred to a cash
account earning interest at a rate set each year at 1% above the prime interest rate or to the Corporation&rsquo;s notional stock
account in the form of nonvoting share units that fluctuate in value based on the price increase or decrease of Common Stock and
earn dividends distributed to all shareholders. The dividends are automatically reinvested for each participant to acquire additional
nonvoting shares units. For any cash compensation deferred to the Corporation&rsquo;s notional stock account, the number of nonvoting
share units is determined by dividing the amount of the compensation by the fair market value of a share of Common Stock on the
date the compensation would have otherwise been paid. Each Director participating in the Directors Deferred Plan elects, on an
annual basis, the date or dates of distribution (i.e., a Director can elect a lump-sum distribution or distribution via annual
installments not to exceed 15) of any amounts he or she has deferred. In addition, each independent Director is eligible to receive
awards of stock options to purchase Common Stock, restricted stock or Common Stock grants, or any combination thereof, under the
2007 Equity Plan in the amounts as the Board may authorize.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In May 2016, each of Mses. Bell, Francis, Jones and Smith
and Messrs. Calado, Porcellato, Stern and Waters was granted 2,223 shares of Common Stock under the 2007 Equity Plan. In August
2016, Mr. Hartnett was granted 1,376 shares of Common Stock under the 2007 Equity Plan. The Corporation does not have a non-equity
incentive plan for independent Directors. As of the Record Date, the Corporation has never issued stock options to purchase Common
Stock or shares of restricted stock to the independent Directors and all shares of Common Stock issued to Directors in lieu of
cash retainer amounts were fully vested upon issuance.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Director Compensation for 2016 </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 20%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Name</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Fees Earned or</B></FONT><BR>
<FONT STYLE="color: white"><B>Paid in Cash</B></FONT><BR>
<FONT STYLE="color: white"><B>($) (1)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Stock Awards</B></FONT><BR>
<FONT STYLE="color: white"><B>($) (2)</B></FONT></TD>
    <TD NOWRAP STYLE="text-align: center"><FONT STYLE="color: white"><B>Change in Pension Value and</B></FONT><BR>
<FONT STYLE="color: white"><B>Nonqualified Deferred</B></FONT><BR>
<FONT STYLE="color: white"><B>Compensation Earnings</B></FONT><BR>
<FONT STYLE="color: white"><B>($) (3)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>All Other</B></FONT><BR>
<FONT STYLE="color: white"><B>Compensation</B></FONT><BR>
<FONT STYLE="color: white"><B>($) (4)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Total</B></FONT><BR>
<FONT STYLE="color: white"><B>($)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Mary A. Bell</TD>
    <TD STYLE="text-align: right">65,210</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">164,964</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Miguel M. Calado</TD>
    <TD STYLE="text-align: right">67,710</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">167,464</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Cheryl A. Francis</TD>
    <TD STYLE="text-align: right">90,460</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">190,214</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>John R. Harnett</TD>
    <TD STYLE="text-align: right">35,640</TD>
    <TD STYLE="text-align: right">73,440</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">757</TD>
    <TD STYLE="text-align: right">109,837</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>James R. Jenkins</TD>
    <TD STYLE="text-align: right">24,250</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">636</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">26,720</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Mary K.W. Jones</TD>
    <TD STYLE="text-align: right">65,210</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">164,964</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Dennis J. Martin</TD>
    <TD STYLE="text-align: right">18,750</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">20,584</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Larry B. Porcellato</TD>
    <TD STYLE="text-align: right">70,710</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">318</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">170,782</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Abbie J. Smith</TD>
    <TD STYLE="text-align: right">85,710</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">185,464</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Brian E. Stern</TD>
    <TD STYLE="text-align: right">72,710</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">172,464</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Ronald V. Waters, III</TD>
    <TD STYLE="text-align: right">75,210</TD>
    <TD STYLE="text-align: right">97,920</TD>
    <TD STYLE="text-align: right">2,682</TD>
    <TD STYLE="text-align: right">1,834</TD>
    <TD STYLE="text-align: right">177,646</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">For 2016, the independent Directors listed in the table above each earned the following fees: Ms.
Bell - $65,210 annual retainer; Mr. Calado - $65,210 annual retainer plus $1,500 retainer for service on the Audit Committee and
$1,000 for travel in excess of 6 hours on one occasion; Ms. Francis - $65,210 annual retainer plus $5,500 retainer for service
on the Audit Committee, $15,000 retainer for service as Chairperson of the Audit Committee and $4,750 for a missed quarterly retainer
payment for service on the Audit Committee; Mr. Hartnett - $32,640 annual retainer plus $3,000 retainer for service on the Audit
Committee; Mr. Jenkins (service ended after May 10, 2016 meeting) &ndash; $16,250 annual retainer plus $5,000 retainer for service
as Chairperson of the Governance Committee and $3,000 for travel in excess of 6 hours on three occasions; Ms. Jones - $65,210 annual
retainer; Mr. Martin (service ended after May 10, 2016 meeting) - $16,250 annual retainer plus $2,500 retainer for service on the
Audit Committee; Mr. Porcellato &ndash; $65,210 annual retainer plus $5,500 retainer for service on the Audit Committee; Ms. Smith
&ndash; $65,210 annual retainer plus $18,625 retainer for service as Lead Director and $1,875 for a missed quarterly retainer payment;
Mr. Stern &ndash; $65,210 annual retainer plus $7,500 retainer for service as Chairperson of the Governance Committee; and Mr.
Waters - $65,210 annual retainer plus $10,000 retainer for service as Chairperson of the Compensation Committee. Mses. Francis
and Bell elected to receive 100% of cash retainer in the form of shares of Common Stock under the 2007 Equity Plan, which equated
to the following: Ms. Francis - 2,087 shares.; Ms. Bell - 1,523. Ms. Jones and Mr. Hartnett received 50% of cash retainer in the
form of shares of Common Stock under the 2007 Equity Plan, which equated to to the following: Ms. Jones - 691; Mr. Hartnett - 352.
Ms. Smith elected to receive 100% and Mr. Jenkins elected to receive 50% of their cash retainers in the form of nonvoting share
units under the Directors Deferred Plan, which equated to the following number of nonvoting share units: Ms. Smith &ndash; 1,993;
and Mr. Jenkins &ndash; 321.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Represents the portion of the annual retainer paid in the form of shares &ndash; a $97,920 Common
Stock grant authorized by the Board on May 10, 2016 under the 2007 Equity Plan. Each independent Director serving on the Board
as of May 10, 2016, was issued 2,223 shares of Common Stock at a price of $44.04 (the closing price of a share of Common Stock
on the date of grant, May 10, 2016) for a total grant date fair value of $97,901, as computed in accordance with FASB Accounting
Standards Codification Topic 718. The difference between the $97,920 Common Stock grant</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


<!-- Field: Page; Sequence: 53; Options: NewSection; Value: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->49<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->
<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">authorized by the Board and the actual value
of Common Stock issued ($97,901) was approximately $19. As the Corporation only issues fractional shares under the Directors Deferred
Plan, and not under the 2007 Equity Plan, the Corporation paid each independent Director serving on the Board as of May 10, 2016,
$19, either in the form of cash in lieu of a fractional share for those Directors that did not elect to defer their Common Stock
grant under the Directors Deferred Plan or in the form of a fractional share for those Directors that did elect to defer their
Common Stock grant under the Directors Deferred Plan. Ms. Smith deferred 100% of her Common Stock grants under the Directors Deferred
Plan. There are no unexercised option awards or unvested stock awards outstanding as of the end of 2016 for any of the Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">Includes above-market interest earned on cash compensation deferred under the Directors Deferred
Plan. Interest on deferred cash compensation is earned at one percent over the prime rate. Above-market earnings represent the
difference between the interest earned under the Directors Deferred Plan and 120% of the applicable federal long-term rate. Mr.
Jenkins deferred 50% of his cash compensation. Above-market interest earned by Mr. Porcellato is for cash compensation deferred
prior to January 1, 2007, and interest earned by Mr. Waters is for cash compensation deferred prior to January 1, 2010.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Includes dividends earned on Common Stock grants during 2016.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a029"></A>SECURITY OWNERSHIP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Security Ownership of Certain Beneficial Owners</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">On the Record Date, there were 44,092,971 Outstanding Shares. On that date,
to the Corporation&rsquo;s knowledge, there were three shareholders who owned beneficially more than 5% of all Outstanding Shares.
The table below contains information, as of that date (except as noted below), regarding the beneficial ownership of these entities.
Unless otherwise indicated, the Corporation believes each of the entities listed below has sole voting and investing power with
respect to all the shares of Common Stock indicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 42%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 31%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 20%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; background-color: black">
    <TD STYLE="text-align: left; vertical-align: top"><FONT STYLE="color: white"><B>Name and Address of Beneficial Owner</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Amount and Nature of Beneficial</B></FONT><BR>
<FONT STYLE="color: white"><B>Ownership</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Percent of Class</B></FONT></TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top">State Farm Insurance Companies (1)<BR>
One State Farm Plaza<BR>
Bloomington, Illinois 61710</TD>
    <TD STYLE="text-align: center">7,385,624</TD>
    <TD STYLE="text-align: center">(2)</TD>
    <TD STYLE="text-align: center">16.8%</TD></TR>
<TR STYLE="background-color: #CCCCCC">
    <TD STYLE="vertical-align: top">BlackRock, Inc. (3)<BR>
40 East 52nd Street<BR>
New York, New York 10022</TD>
    <TD STYLE="text-align: center">4,409,630</TD>
    <TD STYLE="text-align: center">(4)</TD>
    <TD STYLE="text-align: center">10.0%</TD></TR>
<TR STYLE="background-color: #A7A7A7">
    <TD STYLE="vertical-align: top">The Vanguard Group, Inc. (5)<BR>
100 Vanguard Boulevard<BR>
Malvern, PA 19355</TD>
    <TD STYLE="text-align: center">3,619,006</TD>
    <TD STYLE="text-align: center">(6)</TD>
    <TD STYLE="text-align: center">8.2%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">State Farm Insurance Companies consists of the following entities: State Farm Mutual Automobile Insurance Company; State Farm
Fire and Casualty Company; State Farm Investment Management Corp.; State Farm Insurance Companies Employee Retirement Trust; State
Farm Mutual Fund Trust; State Farm Insurance Companies Savings and Thrift Plan for U.S. Employees; State Farm Life Insurance Company;
State Farm Associates Funds Trust - State Farm Growth Fund; State Farm Associates Funds Trust - State Farm Balanced Fund; and State
Farm Variable Product Trust.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Information is based on a Schedule 13G filed January 23, 2017 with the SEC by State Farm Insurance Companies for the period
ended December 31, 2016. Of the 7,385,624 shares beneficially owned, State Farm Insurance Companies has sole voting and investment
power with respect to 7,366,400 shares and shared voting and investment power with respect to 19,224 shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">The following subsidiaries of BlackRock, Inc. hold the shares of Common Stock noted: BlackRock Institutional Trust Company,
N.A.; BlackRock Fund Advisors; BlackRock Asset Management Canada Limited; BlackRock Asset Management Schweiz AG; BlackRock Advisors,
LLC; BlackRock Investment Management, LLC; BlackRock Financial Management, Inc.; BlackRock Asset Management Ireland Limited; BlackRock
Investment Management (Australia) Limited; BlackRock Investment Management (UK) Limited; BlackRock International Limited; and BlackRock
(Netherlands) B.V.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Information is based on a Schedule 13G/A filed March 9, 2017 with the SEC by BlackRock, Inc., for the period ended December
31, 2016. Of the 4,409,630 shares beneficially owned, BlackRock Inc. has sole investment power with respect to all shares and sole
voting power with respect to 4,305,508 shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">The following subsidiaries of The Vanguard Group, Inc. hold the shares of Common Stock noted: Vanguard Fiduciary Trust Company
and Vanguard Investments Australia, Ltd.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(6)</TD><TD STYLE="text-align: justify">Information is based on a Schedule 13G/A filed February 13, 2017 with the SEC by The Vanguard Group, Inc., for the period ended
December 31, 2016. Of the 3,619,006 shares beneficially owned, The Vanguard Group, Inc. has sole voting power with respect to 89,532
shares, shared voting power with respect to 5,068 shares, sole investment power with respect to 3,526,638 shares, and shared investment
power with respect to 92,368 shares.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>


<!-- Field: Page; Sequence: 54; Value: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><B>Security Ownership of Directors and Executive
Officers</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The following table sets forth the beneficial ownership of Common Stock as
of the Record Date for each Director and nominee for Director, each Named Executive Officer and for all current Directors and executive
officers of the Corporation as a group. The address of the persons listed below is 600 East Second Street, Muscatine, Iowa 52761.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Name of Beneficial Owner</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Common</B></FONT><BR>
<FONT STYLE="color: white"><B>Stock</B></FONT><BR>
<FONT STYLE="color: white"><B>(1)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Common</B></FONT><BR>
<FONT STYLE="color: white"><B>Stock Units (2)</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Stock Options</B></FONT><BR>
<FONT STYLE="color: white"><B>Exercisable as of the</B></FONT><BR>
<FONT STYLE="color: white"><B>Record Date or Within</B></FONT><BR>
<FONT STYLE="color: white"><B>60 Days Thereof</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Total Stock and</B></FONT><BR>
<FONT STYLE="color: white"><B>Stock-Based</B></FONT><BR>
<FONT STYLE="color: white"><B>Holdings</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="color: white"><B>Percent of</B></FONT><BR>
<FONT STYLE="color: white"><B>Class</B></FONT><BR>
<FONT STYLE="color: white"><B>(3)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Stan A. Askren</TD>
    <TD STYLE="text-align: center">144,688</TD>
    <TD STYLE="text-align: center">71,082</TD>
    <TD STYLE="text-align: center">864,925</TD>
    <TD STYLE="text-align: center">1,080,695</TD>
    <TD STYLE="text-align: center">2.5%</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Mary A. Bell</TD>
    <TD STYLE="text-align: center">12,834</TD>
    <TD STYLE="text-align: center">30,021</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">42,855</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Miguel M. Calado</TD>
    <TD STYLE="text-align: center">47,636</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">47,636</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Cheryl A. Francis</TD>
    <TD STYLE="text-align: center">58,421</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">58,421</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>John R. Hartnett</TD>
    <TD STYLE="text-align: center">2,014</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">2,014</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Mary K.W. Jones</TD>
    <TD STYLE="text-align: center">3,803</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">3,803</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Larry B. Porcellato</TD>
    <TD STYLE="text-align: center">15,152</TD>
    <TD STYLE="text-align: center">18,735</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">33,887</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Abbie J. Smith</TD>
    <TD STYLE="text-align: center">2,956</TD>
    <TD STYLE="text-align: center">49,247</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">52,203</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Brian E. Stern</TD>
    <TD STYLE="text-align: center">42,511</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">42,511</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Ronald V. Waters, III</TD>
    <TD STYLE="text-align: center">21,868</TD>
    <TD STYLE="text-align: center">14,521</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">36,389</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Jerald K. Dittmer</TD>
    <TD STYLE="text-align: center">30,911</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">118,849</TD>
    <TD STYLE="text-align: center">149,760</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Jeffrey D. Lorenger</TD>
    <TD STYLE="text-align: center">26,753</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">141,514</TD>
    <TD STYLE="text-align: center">168,267</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>Kurt A. Tjaden</TD>
    <TD STYLE="text-align: center">38,456</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">161,272</TD>
    <TD STYLE="text-align: center">199,728</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD>Marco M. Molinari</TD>
    <TD STYLE="text-align: center">39,370</TD>
    <TD STYLE="text-align: center">&mdash;</TD>
    <TD STYLE="text-align: center">157,436</TD>
    <TD STYLE="text-align: center">196,806</TD>
    <TD STYLE="text-align: center">*</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD>All Directors and executive officers as a group &ndash; (19 persons)</TD>
    <TD STYLE="text-align: center">534,886</TD>
    <TD STYLE="text-align: center">183,606</TD>
    <TD STYLE="text-align: center">1,559,866</TD>
    <TD STYLE="text-align: center">2,278,358</TD>
    <TD STYLE="text-align: center">5.2%</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Includes restricted shares held by executive officers over which they have voting power but not
investment power, shares held directly or in joint tenancy, shares held in trust, by broker, bank or nominee or other indirect
means and over which the individual or member of the group has sole voting or shared voting and/or investment power. Each individual
or member of the group has sole voting and/or investment power with respect to the shares shown in the table above, except Mr.
Askren&rsquo;s spouse shares voting and investment power with respect to 7,588 of the 144,688 shares listed above for Mr. Askren,
and Mr. Calado&rsquo;s former spouse shares voting and investment power with respect to 4,000 of the 47,636 shares listed above
for Mr. Calado.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Indicates the nonvoting share units credited to the account of the named individual or members
of the group, as applicable, under either the Deferred Plan or the Directors Deferred Plan. For additional information on the Deferred
Plan, see &ldquo;<I>Additional Compensation Programs and Policies &ndash; Deferred Compensation Plan&rdquo;</I> on page 27 and
the Nonqualified Deferred Compensation Table on page 34 of this Proxy Statement. For additional information on the Directors Deferred
Plan, see &ldquo;<I>Director Compensation&rdquo;</I> on page 48 of this Proxy Statement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">* less than 1%.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<!-- Field: Page; Sequence: 55; Value: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->51<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a030"></A>EQUITY COMPENSATION PLAN INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table provides information as of December
31, 2016, about Common Stock which may be issued under the Corporation&rsquo;s equity compensation plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; border-bottom: Black 0.5pt solid; padding-left: 5.4pt; padding-right: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 22%; border-bottom: Black 0.5pt solid; padding-right: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: Black 0.5pt solid; padding-right: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 20%; border-bottom: Black 0.5pt solid; padding-right: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; padding-left: 2.15pt; padding-right: 2.15pt"><FONT STYLE="color: white"><B>Plan
    Category</B></FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; padding-right: 2.15pt; padding-left: 2.15pt"><FONT STYLE="color: white"><B>Number
    of Securities to be Issued<BR>
    Upon Exercise of Outstanding<BR>
    Options, Warrants and Rights<BR>
    (a)</B></FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; padding-right: 2.15pt; padding-left: 2.15pt"><FONT STYLE="color: white"><B>Weighted-Average<BR>
    Exercise Price of<BR>
    Outstanding Options,<BR>
    Warrants and Rights<BR>
    (b) (3)</B></FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; padding-right: 2.15pt; padding-left: 2.15pt"><FONT STYLE="color: white"><B>Number
    of Securities Remaining<BR>
    Available for Future Issuance Under<BR>
    Equity Compensation Plans (Excluding<BR>
    Securities Reflected in Column (a))<BR>
    (c)</B></FONT></TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; padding-left: 5.4pt; padding-right: 5.4pt">Equity Compensation Plans approved by security holders</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">3,780,673 (1)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">31.69</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">3,227,460 (4)</TD></TR>
<TR STYLE="vertical-align: top; background-color: #CCCCCC">
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; padding-left: 5.4pt; padding-right: 5.4pt">Equity Compensation Plans not approved by security holders</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">217,135 (2)</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">&ndash;&ndash;</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">612,972 (5)</TD></TR>
<TR STYLE="vertical-align: top; background-color: #A7A7A7">
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; padding-left: 5.4pt; padding-right: 5.4pt">Total</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">3,997,808</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">31.69</TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; padding-right: 5.4pt; vertical-align: bottom">3,840,432</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 0pt; margin-bottom: 0pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 15%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Notes</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(1)</TD><TD STYLE="text-align: justify">Includes: (i) shares to be issued upon the exercise of outstanding stock options granted under
the Stock Plan &ndash; 3,506,238; (ii) shares to be issued upon the vesting of outstanding RSUs under the Stock Plan &ndash; 63,500;
and (iii) the target value of the 2016 Annual Incentive Plan awards for all award recipients divided by $55.92, the closing price
of a share of Common Stock on December 31, 2016, the last trading day of Fiscal 2016 &ndash; 210,935. As of the last day of Fiscal
2016, there were no outstanding warrants or rights under the Stock Plan or the Prior Stock Plan and options, warrants, rights or
RSUs under the 2007 Equity Plan or the 1997 Equity Plan for Non-Employee Directors. The number of shares attributable to Annual
Incentive Plan awards also overstates expected Common Stock dilution as the Corporation did not pay out any portion of the 2016
Annual Incentive Plan awards for any recipient in the form of Common Stock.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(2)</TD><TD STYLE="text-align: justify">Includes the nonvoting share units credited to the account of individual executive officers or
Directors under either the Deferred Plan &ndash; 68,009 or the Directors Deferred Plan &ndash; 149,126. For additional information
on the Deferred Plan, see &ldquo;<I>Additional Compensation Programs and Policies &ndash; Deferred Compensation Plan&rdquo;</I>
on page 27 and the Nonqualified Deferred Compensation Table on page 34 of this Proxy Statement. For additional information on the
Directors Deferred Plan, see &ldquo;<I>Director Compensation&rdquo;</I> on page 48 of this Proxy Statement.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(3)</TD><TD STYLE="text-align: justify">This column does not take into account any of the RSUs, Long-Term Performance Plan awards, Annual
Incentive Plan awards or nonvoting share units discussed in Notes 1 and 2 above.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(4)</TD><TD STYLE="text-align: justify">Includes shares available for issuance under the Stock Plan &ndash; 2,764,917, the 2007 Equity
Plan &ndash; 164,438 and the 2002 MSPP &ndash; 298,105. Of the 9,000,000 shares (increased from 5,000,000 in 2013 amendment) originally
available for issuance under the Stock Plan, no more than 3,000,000 (increased from 2,000,000 in 2013 amendment) of the shares
can be issued as full-value awards. At the end of 2016, 1,897,594 of the 3,000,000 shares reserved for full-value awards were available
for issuance. Of the remaining shares available for issuance under the 2007 Equity Plan, all can be issued as full-value awards.
The 2002 MSPP allows members to purchase Common Stock at 85% of the closing share price on each quarterly exercise date up to an
annual aggregate amount of $25,000 per year and is available generally to all members.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">(5)</TD><TD STYLE="text-align: justify">Includes nonvoting share units available for issuance under the Deferred Plan &ndash; 235,692 and
the Directors Deferred Plan &ndash; 377,280.</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a031"></A>SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the federal securities laws, the Directors and
executive officers of the Corporation, and certain persons who own more than 10% of the Outstanding Shares, are required to report
their ownership of Common Stock and changes in ownership to the SEC and the NYSE. Specific due dates for these reports have been
established by the SEC, and the Corporation is required to report in this Proxy Statement any known failure to file by these dates
during 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Based solely on a review of copies of the reports the
Corporation has received, or written representations from certain reporting persons, the Corporation believes during 2016 all reporting
persons made all filings required by Section 16(a) of the Exchange Act on a timely basis except as follows: due to an administrative
oversight on the part of the Corporation (i) Vincent P. Berger, President, Hearth &amp; Home Technologies, was one business day
past the filing deadline pertaining to the award of stock options of the Corporation for which a Form 4 was filed May 13, 2016,
and (ii) Jerald K. Dittmer, Executive Vice President, HNI Corporation; President, The HON Company, was three business days past
the filing deadline pertaining to an exercise of options and sale of the underlying shares for which a Form 4 was filed on August
23, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a032"></A>DEADLINE FOR SHAREHOLDER PROPOSALS FOR THE 2018 ANNUAL
MEETING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Proposals by shareholders intended to be presented at
the 2018 Annual Meeting must be received at the Corporation&rsquo;s executive offices no later than November 24, 2017 to be included
in the proxy statement and form of proxy. All shareholder notice of proposals submitted outside the processes of Exchange Act Rule
14a-8 must be received between February 8, 2018 and March 10, 2018 to be considered for presentation at the 2018 Annual Meeting,
but will not be included in the proxy statement. In addition, shareholder proposals must comply with the informational requirements
contained in Section 2.16(a)(2) of the By-laws in order to be presented at the 2018 Annual Meeting. On written request to the Corporate
Secretary at HNI Corporation, 600 East Second Street, Muscatine, Iowa 52761, the Corporation will provide, without charge to any
shareholder, a copy of the By-laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 56; Value: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->52<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><A NAME="hnidef14a050917a033"></A>OTHER MATTERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Board knows of no other matters that will be brought
before the Meeting, but, if other matters properly come before the Meeting, it is intended the persons named in the proxy will
vote the proxy according to their best judgment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>On written request to the Corporate
Secretary at HNI Corporation, 600 East Second Street, Muscatine, Iowa 52761, the Corporation will provide, without charge to any
shareholder, a copy of its Annual Report on Form 10-K for the year ended December 31, 2016, including financial statements and
schedules, filed with the SEC. The report is also available on the Corporation&rsquo;s website at <U>www.hnicorp.com</U>, under
&ldquo;<I>Investors - Financial Reporting - SEC Filings</I>.&rdquo;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Information set forth in this Proxy Statement is as of
March 24, 2017, unless otherwise noted.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Steven M. Bradford</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Senior Vice President, General Counsel and Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">March 24, 2017</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><I>Notwithstanding anything to the contrary set forth
in any of the Corporation&rsquo;s previous filings under the Securities Act of 1933 or the Exchange Act that might incorporate
future filings, including this Proxy Statement, in whole or in part, the Audit Committee Report on page 15 of this Proxy Statement
and the Compensation Committee Report on page 29 of this Proxy Statement shall not be incorporated by reference into any such filings.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>An Annual Report to Security Holders, including financial
statements and schedules, of the Corporation for 2016 is being mailed to shareholders of the Corporation together with this Proxy
Statement. The Annual Report to Security Holders does not form any part of the material for the solicitation of proxies.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 57; Value: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><A NAME="hnidef14a050917a034"></A>APPENDIX A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 7%; text-align: right">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD><FONT STYLE="color: white"><B>* GAAP to non-</B></FONT><B><BR>
    <FONT STYLE="color: white">GAAP reconciliation</FONT></B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="8" STYLE="text-align: center; border-bottom: White 1pt solid"><FONT STYLE="color: white"><B>2016</B></FONT></TD>
    <TD STYLE="border-bottom: White 1pt solid"><B>&nbsp;</B></TD>
    <TD STYLE="border-bottom: White 1pt solid"><B>&nbsp;</B></TD>
    <TD COLSPAN="8" STYLE="text-align: center; border-bottom: White 1pt solid"><FONT STYLE="color: white"><B>2015</B></FONT></TD>
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD COLSPAN="8" STYLE="text-align: center"><FONT STYLE="color: white"><B>2014</B></FONT></TD>
    <TD><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: black">
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Gross</B></FONT><B><BR>
    <FONT STYLE="color: white">Profit</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Net</B></FONT><B><BR>
    <FONT STYLE="color: white">Income</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Earnings</B></FONT><B><BR>
    <FONT STYLE="color: white">Per Share</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Gross</B></FONT><B><BR>
    <FONT STYLE="color: white">Profit</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Net</B></FONT><B><BR>
    <FONT STYLE="color: white">Income</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Earnings</B></FONT><B><BR>
    <FONT STYLE="color: white">Per Share</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Gross</B></FONT><B><BR>
    <FONT STYLE="color: white">Profit</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Net Income</B></FONT></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD>
    <TD COLSPAN="2" STYLE="text-align: center; padding-top: 10pt"><FONT STYLE="color: white"><B>Earnings</B></FONT><B><BR>
    <FONT STYLE="color: white">Per Share</FONT></B></TD>
    <TD STYLE="padding-top: 10pt"><B>&nbsp;</B></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #A7A7A7">
    <TD>GAAP amount</TD>
    <TD STYLE="border-right: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">835,013</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">85,577</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD STYLE="text-align: center">$1.88</TD>
    <TD STYLE="border-right: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">847,398</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">105,436</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD STYLE="text-align: center">$2.32</TD>
    <TD STYLE="border-right: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">784,200</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">61,471</TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD STYLE="text-align: center">$1.35</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD>% of Net sales</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">37.9</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3.9</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">36.8</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4.6</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35.3</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.8</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD>Adjustments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD STYLE="text-align: right">Restructuring and impairment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">5,302</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">16,308</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">792</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">12,569</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">5,213</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">38,232</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD STYLE="text-align: right">Transition costs</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">9,334</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">9,334</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">4,704</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">4,704</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">4,894</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">4,894</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD STYLE="text-align: right">(Gain) loss on sales of assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">22,613</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">(10,723</TD>
    <TD>)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD STYLE="text-align: right">Building donation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">4,397</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&mdash;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD STYLE="text-align: right">Non-recurring gain</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">(2,042</TD>
    <TD STYLE="border-bottom: gray 1pt solid">)</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD STYLE="text-align: right">Total adjustments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">14,636</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">50,610</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">5,496</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">17,273</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">10,107</TD>
    <TD>&nbsp;</TD>
    <TD>$</TD>
    <TD STYLE="text-align: right">32,403</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD STYLE="text-align: right">Tax impact of adjustments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">(16,997</TD>
    <TD STYLE="border-bottom: gray 1pt solid">)</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">(5,689</TD>
    <TD STYLE="border-bottom: gray 1pt solid">)</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&mdash;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">(4,144</TD>
    <TD STYLE="border-bottom: gray 1pt solid">)</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right; border-bottom: gray 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #A7A7A7">
    <TD STYLE="padding-bottom: 2.5pt">Non-GAAP amount</TD>
    <TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double; border-left: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 2.5pt double">849,649</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 2.5pt double">119,190</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double"></TD>
    <TD STYLE="text-align: center; border-bottom: gray 2.5pt double">$2.62</TD>
    <TD STYLE="border-bottom: gray 2.5pt double; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double; border-left: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 2.5pt double">852,894</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 2.5pt double">117,020</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double"></TD>
    <TD STYLE="text-align: center; border-bottom: gray 2.5pt double">$2.58</TD>
    <TD STYLE="border-bottom: gray 2.5pt double; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double; border-left: Black 1pt solid; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 2.5pt double">794,307</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double">&nbsp;</TD>
    <TD STYLE="border-bottom: gray 2.5pt double">$</TD>
    <TD STYLE="text-align: right; border-bottom: gray 2.5pt double">89,730</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double"></TD>
    <TD STYLE="text-align: center; border-bottom: gray 2.5pt double">$1.97</TD>
    <TD STYLE="padding-bottom: 2.5pt; border-bottom: gray 2.5pt double">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #CCCCCC">
    <TD>% of Net Sales</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38.6</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5.4</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">37.0</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5.1</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-left: Black 1pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">35.7</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4.0</TD>
    <TD>%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>


<P STYLE="margin: 0">&nbsp;</P>

<!-- Field: Page; Sequence: 57; Value: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 2pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="margin: 0"></P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 90%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;<I>&nbsp;</I></FONT></P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B><I>&nbsp;</I></B></FONT></P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
                                                         <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B><I>HNI
                                         CORPORATION </I></B><BR>
                                         <B><I>600 EAST SECOND STREET </I></B><BR>
                                         <B><I>MUSCATINE, IA 52761</I></B></FONT></P></TD>
    <TD STYLE="text-align: justify"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>VOTE
BY INTERNET - www.proxyvote.com</B>&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Use
the internet to transmit your voting instructions and for electronic delivery of information up until 11:59 P.M. Eastern Time
on May 8, 2017. Have your proxy card in hand when you access the website and follow the instructions to obtain your records and
to create an electronic voting instruction form.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>ELECTRONIC
DELIVERY OF FUTURE PROXY MATERIALS</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">If
you would like to reduce the costs incurred by our company in mailing proxy materials, you can consent to receiving all future
proxy statements, proxy cards and annual reports electronically via e-mail or the internet. To sign up for electronic delivery,
please follow the instructions above to vote using the internet and, when prompted, indicate that you agree to receive or access
proxy materials electronically in future years.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>VOTE
BY PHONE - 1-800-690-6903</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Use
any touch-tone telephone to transmit your voting instructions up until 11:59 P.M. Eastern Time on May 8, 2017. Have your proxy
card in hand when you call and then follow the instructions.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>VOTE
BY MAIL</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Mark,
sign and date your proxy card and return it in the postage-paid envelope we have provided or return it to Vote Processing, c/o
Broadridge, 51 Mercedes Way, Edgewood, NY 11717.&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P></TD></TR>
</TABLE>


<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%"></TD>
    <TD STYLE="width: 24%"></TD>
    <TD STYLE="width: 27%"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">TO VOTE, MARK BLOCKS BELOW IN BLUE OR BLACK INK
    AS FOLLOWS:</FONT></TD>
    <TD></TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD></TD>
    <TD></TD>
    <TD></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt dashed"></TD>
    <TD STYLE="border-bottom: Black 1pt dashed; padding-left: 0.25in; text-align: right"></TD>
    <TD STYLE="border-bottom: Black 1pt dashed; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">KEEP
    THIS PORTION FOR YOUR RECORDS</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center; padding-left: 1.625in; vertical-align: bottom"></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">DETACH AND RETURN THIS
    PORTION ONLY</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>THIS
    PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.</B></FONT></TD></TR>
</TABLE>

<div STYLE="BORDER:solid BLACK 2PX;padding-left:2%;padding-Right:2%;padding-top:1%;padding-bottom:1%;width:100%">
<DIV STYLE="POSITION:RELATIVE;FLOAT:LEFT;WIDTH:48%">
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 5pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 5pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 56%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 5pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 5pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 5pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 5pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>The
    Board of Directors recommends you vote FOR the following:</B></FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1.</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Election of Directors</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"></FONT></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Nominees</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>For</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Against</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Abstain</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1a.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Miguel M. Calado</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1b.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cheryl A. Francis</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1c.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">John R. Hartnett</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1d.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Larry B. Porcellato</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1e.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brian E. Stern</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></TD>
    <TD COLSPAN="2"></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>For</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Against</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Abstain</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2.</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ratify the Audit Committee&rsquo;s
    selection of KPMG LLP as the Corporation&rsquo;s independent registered public accountant for fiscal year ending December 30, 2017.</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD>
    <TD STYLE="text-align: center"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD></TD>
    <TD></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Yes</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>No</B></FONT></TD>
    <TD STYLE="text-align: center"></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Please indicate if you plan to attend
    this meeting</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;&nbsp;</FONT></P>
</div>
<DIV STYLE="POSITION:RELATIVE;FLOAT:RIGHT;WIDTH:48%">
<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top"><TD STYLE="width: 4%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 51%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="2"><P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 1pt">&nbsp;</FONT></P></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 1pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 1pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 2pt solid; border-right: Black 2pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 2pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="margin-top: 0; margin-bottom: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 4%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 51%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>For</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Against</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Abstain</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>3.</B>&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Advisory vote to approve Named Executive Officer
    compensation.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>The Board of Directors recommends
    you vote 1 YEAR on the following:</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>1 year</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>2
    years</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>3
    years</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Abstain</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>4.</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Advisory vote on the
    frequency of future advisory votes on named executive officer compensation.</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>The
    Board of Directors recommends you vote FOR the following:</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>For</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Against</B></FONT></TD>
    <TD STYLE="text-align: center; vertical-align: bottom"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Abstain</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>5.</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Approval
    of the HNI Corporation 2017 Stock-Based Compensation Plan.</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>6.</B></FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Approval
    of the 2017 Equity Plan for Non-Employee Directors of HNI Corporation.</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>7.</B>&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Approval of the HNI Corporation Members&rsquo;
    Stock Purchase Plan.</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&#9744;&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>NOTE:
    </B>Such other business as may properly come before the meeting or any adjournment thereof will be voted by your proxies in
    their discretion.</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>


</div>
<BR CLEAR="ALL"><BR>

<P STYLE="margin: 0 20% 0 0.13in; text-align: justify"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Please
sign exactly as your name(s) appear(s) hereon. When signing as attorney, executor, administrator, or other fiduciary, please give
full title. Joint owners should each sign personally. All holders must sign. If a corporation or partnership, please sign in full
corporate or partnership name by authorized officer.</FONT></P>

<P STYLE="margin: 0; text-align: justify">&nbsp;</P>
<DIV STYLE="POSITION:RELATIVE;FLOAT:LEFT;WIDTH:48%">




<P STYLE="margin: 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 65%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-left: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-left: Black 0.5pt solid; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Signature [PLEASE SIGN WITHIN BOX]</FONT></P>


</TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Date</FONT></TD></TR>
</TABLE>


</div>
<DIV STYLE="POSITION:RELATIVE;FLOAT:RIGHT;WIDTH:48%">




<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 62%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif;margin-left:0%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 55%; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid; border-left: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%; border-top: Black 0.5pt solid; border-right: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Signature (Joint Owners)</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Date</FONT></TD></TR>
</TABLE>
<P STYLE="margin: 0"></P>
</div>
</div>
<BR CLEAR="ALL">
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 0pt 0in; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0000323096_1
&nbsp;&nbsp;&nbsp;&nbsp;R1.0.1.15</FONT></P>
<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection; Value: 15 -->
    <DIV STYLE="margin-top: 6pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<P STYLE="margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Important
Notice Regarding the Availability of Proxy Materials for the Annual Meeting:</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The
Notice &amp; Proxy Statement and Annual Report with Form 10-K Wrap are available at</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><U>http://investors.hnicorp.com/Docs.&nbsp;</U></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-top: Black 1pt dashed; font: 10pt Arial, Helvetica, Sans-Serif; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
</TABLE>


<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; text-align: center; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>HNI
    CORPORATION </B><BR>
    <B>Annual Meeting of Shareholders </B><BR>
    <B>May 9, 2017 10:30 AM (CDT) </B><BR>
    <B>This proxy is solicited by the Board of Directors</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>&nbsp;</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">The
    shareholders hereby appoint(s) Steven M. Bradford and Marshall H. Bridges, or either of them, as proxies, each with the power
    to appoint his substitute, and hereby authorize(s) them to represent and to vote, as designated on the reverse side of this
    ballot, all of the shares of Common Stock of HNI CORPORATION the shareholder(s) is/are entitled to vote at the Annual Meeting
    of Shareholders to be held at 10:30 AM (CDT) on May 9, 2017, at the HNI Corporate Headquarters, 600 East Second Street, Muscatine,
    IA 52761, and any adjournment or postponement thereof.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>This
    proxy, when properly executed, will be voted in the manner directed herein. If no such direction is made, this proxy will
    be voted in accordance with the Board of Directors&rsquo; recommendations.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Continued
    and to be signed on reverse side</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 10pt Arial, Helvetica, Sans-Serif; text-align: center; padding-right: 0.25in; padding-left: 0.25in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0in; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">0000323096_2
&nbsp;&nbsp;&nbsp;&nbsp;R1.0.1.15</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0; text-indent: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>

    <!-- Field: /Page -->

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>hnidef14a050917001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hnidef14a050917001.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ 4 !0 P$1  (1 0,1 ?_$ *$  0 " P$!
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MI+B[/6 .RV,O'";CL T-#A<-ZD0Z:::7QBK-Z^WPN%E>7>4:Y3>5_C\2.?\
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>050D?RG<E!5"1_*=R4%49,8^=OE/B-2E(AM4/__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>hnidef14a050917002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hnidef14a050917002.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    9   _^X #D%D
M;V)E &3      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$" 0$"
M @(! @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,# P,#_\  $0@ + #( P$1  (1 0,1 ?_$ '0  0 " P # 0$
M       ("08'"@$"! ,% 0$                     $   !@(! P,"!0,$
M P$    " P0%!@<!" D $1(3%!4A,2(6%Q@*87$C05$R):$D&1H1 0
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M#9\,NU_J^!/=Q5TQ/T8@-INT597"PH;'93@(9&R1F7JD9K\S-CV$/922G/
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-!T#H'0.@= Z!T'__V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>hnidef14a050917003.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hnidef14a050917003.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ UP'T P$1  (1 0,1 ?_$ (T  0 " @,!
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M^8]Q_P!OZ*@>R^Y_S'N/^W]%0/9?<_YCW'_;^BH'LON?\Q[C_M_14#V7W/\
MF/<?]OZ*@>R^Y_S'N/\ M_14#V7W/^8]Q_V_HJ![+[GP/M%N)L;V_P!/QM_[
M5!/H"!QH.U H% H% H%!I[IC[E/ J;?F+A3!@6E:(3 K8^'22O?WT$9]4]7_
M ,P1_04])0/JGJ_^8(_H*>DH'U3U?_,$?T)/24#ZIZO_ )@C^A)Z2@?5/5_\
MP1_04])0/JGJ_P#F"/Z"GI*!]4]7_P P1_04])0/JGJ_^8(_H2>DH'U3U?\
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M\F17"8;+'I4F;4-("ANSCQ:@XS-LWE\O+;(C]:*MBRQO$@C2;'A<LT14D_K
M3>Q/$6H.N[;9E[MG">'&D@QWD@5BZ\MR\8D;GE#Q&@E0#0;/3&'NGUKE[AN,
M#0SYL$;2#N5E=@(P?^E0*"U4"@4"@4"@4$%U'-EJ\$&,K%G$L@"7NSQI>-#;
MNU&Y]P4&# FWZ)9VG1GB3'=XH- !UAB(U![68J.-_<H-">3J]5T,[Y%V*R+R
M552%5-1!3CQ8MI]P4&OB#J+% 9ADA"+/)I,TJG38!%;4"&9!?APO0;39?5PB
M,SAT9E8&*. /HT%%N+!C=SKMV@#NH)CIR;(G.3+*7;^Z5B]A^M5/UG < 1<
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M%^R@X39=ARDR<58[H8%Q)XPQL(^,BV]WQZM5!E'2NVA="M,(&$:RP<P\N3E
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MYP^$4%P% -!5]U^?S>_^04&I09\+YW#YX^&@ME H/G/K_P#C/=_W@_ *"O\
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M %[CRC\M!;]B^8#SFH)"@I/WOFW1LO[Q#_6H/'=AVAMUS#BV:^@GF1Z?";@
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MA09^OEB&7AE<(8B\IS=>58^.W+_4^$F+XI)XGOH/1_N8-^D'_>Y?ZJ4%\H%
MH% H% H% H!H*WO/S]_>%!XYU$F[2;SNXQM@DE$,S-(K29'(FBE6.,&)$8)S
M<GB&9>Q1XJ#U;&)U177EDE2T? Z3P\-QP-J"XB@4%7W0_P"OF]\6_P#"@\LW
M3=-\BWO=)<'I7'FFARD&3/+ 9&R(@RQ8X1K6YD@8L6'!5'&@].P2QRH"PTG4
MMUO>Q[Q>@MM H/G/KXD=:;O^\'X!03.)MNS/L^(N5U!*$.,QQH4E"B*2Q:;6
MO;I! 4+VF@@.BA;K':+<?]5%8]G?0?25 H% H% H% H% H([?OF(\]?RT'G'
M7V2V/M>*?J@;S V5&<B$H9"@0%XV50&.II %#=@OQH.>B<S>YX<Z+=MJ@VZ7
M'F"K)C)RXI"R!G 7\XQDZ2][-0>C[%\P'G&@D*"-W[YFOGCX#0><=?Y4N/@X
M3#9AO,)RE,D10R%&16:+2 #8M( NKL%^-!DZ*RMYFQLV/==MAV^;'R#&KX\8
MBBFLH+%4[? QT:AP:W"@]&V3Y@OG-\-!OT'F?WXV&V;5^\/^SH*#TICX>3!N
M,63N8P(B(6D1M-V2-M3.I/YZCXNGC<T'7K6>*?=E>'-;/0X\0$LFDR*-/"-W
M2RLP[S0>N_=1_!.%YTO[0T%OH,;Y$,9 =PI/8#016^312QQ"-@Y#&^GCW>Y0
M0<^)%.8^=%KY3!XR1Q5@"+C\!(H$&)' KK#'H$C%WL/C.W:QOY:"Q[3/#%@H
MDCA&!/ \.^@W/7,7_%7\=!&[Y-%+CQB-@Y#W(''NH(*;$BG"":+F"-Q(@(['
M7L8?CH$.+%"9#%%H,K%Y2.)9CPN;^]06'9IXHL(+(P1M1-CP[:#>]<Q?\5?Q
MT%1^]%),_I22#"1LF<SQ,(H@6:RM<FPH/(<39>K,0NT&#E1F1&BD B8AD?M!
MN*#F?9NJ\B*"&7 RGCQ5Y<"&%@%4FYM8=I)XDT'K'W4Q2X'2[09R-C3>M2N(
MY04;20MC8T%VCGAD)".&([0*#O0*!0*!0*!0*#$V7C V,B@CW:"O[L1)G,Z>
M)2!8CB*#4(>UK'W.V@YA1Q(ATFP87_'06GUS%_Q5_'0/7,7_ !5_'05W<@6S
M967Q*3P(]Z@UP'["#;R<:#)B KE1,P(4."3^&@LWKF+;^]7\= ]<Q?\ %7\=
M!X-UML6]975FZ3X^#/+#+.6CE2-BK"PX@@4$+[,=1?9F3_E-_102W26P;YC]
M4;3//@3Q0QY4;R2/&P55!XDDB@]]&9BDV$JDGW:#->@4"@4"@4"@4'22:..V
MLD7[.!/P4$=O$J3XH2*[MK!L%;W?<H(;D9 [(W'N@&@&#(_PW_$:":VB9(</
M1+=&U$V*G^B@W?7,?Y1_1;^B@T-YE6;&58KNVL&P4_E%!#\G(%_U;CW@:!R<
MCOC;\1H)K:)HX<)4DNK MPTMY?>H-WUS'^4?T6_HH*#][>V[AO&!M\>UXTF6
M\4SM(L:\0"EK\;4'F?L/U<>W:,C]$?TT''L/U=V#:,C]$?TT'LGW<P3[;TIB
MXF?$^/DHTA>)P;B[DCLOW4%H];@MJU&W9>Q_HH,FD4&MN&7%A8KY$BEE07(5
M2[&YL JK<DDGA01D/5^SRY$..IE665N6RO$ZB*0DJ$E)'@9B. /;096ZIV9<
M')SC./5<67D2R!6_O.'!1:[?&'902J'5Q(M_YT';2*#%EY$.)C29$MQ'$-36
M!8_@ XDT$/%UCM$DT<)$J2NVB1'A=3"Q.E1-P_5ZCV7H,DW5>TQQR2(SS\N?
MU5E@C9V,NG40H': .^@EHG$B*Q4KJ -B+$7\HH.^D4&MGYL&#BRY4]Q#"-3%
M5+-[P5022?<H(A>N=@983S9%:9S&R-$X:)E<1'G"WZO]8P7CWT'+]<=.I%FR
M^LZTP)5Q\C0C-^N<75$X>,^]03.)/#E8\63%?ES*'34-)LPN+@\109@H'90<
MT"@4"@4"@4 BXM0<:101VZ[[@[8Z+D![."[,D;.J(" 7D9195XT&J.L-D.-E
M9+2F.#% 9VDC9=2L2%:.X\:L0;$4&\N[X1SHL .#ES0G(CC /]V"!J/D^-0;
M@ (O0<D "]KT$9N>_P"#MLB)E!P&&II%C9TC2]M4C 65;\+T&LG66QMBY&4\
MK108VDNTB,I8/<(T8(NZM8V(H-O&WO%R-REV^-)6EA ,LHC/*!*AM/,[-5B.
M%!(Z10-(H('<^J8=LSHX,K$G7%<Z?7@%,6O0TFD"^LV5#<@6%!IO]X>W1X!R
M9L/*202PQ'&"*[@9 5HY&9255"K7XGW*#=V_JW;\_?LO9H$8RX9999KKI+I8
M.NF^KAJ[;6H)TJ*#D"@4"@4"@4"@4"PH,.3D)CQ/*_".-2[D D@#W!Q-!#+U
MILQ=(VY\<K-IDCDA=6B!M9Y01X$.H68T&VW4>TJN>QG&G;/GC ,0IM>P-O$>
M'=[U!OXTT>1!'/'QCE4.A\JL+@T&6U!KYV7%AXSY,H/+C%VTJ6;\"CB301</
M6&SR3Q0 S+-(PC='B=3$Y.E4FN/ 6/!;]M!VEZLVE49XVDR-,YQ=,"-(QE"Z
MR% [0%[302\;:T!M:X!L>!X^6@[VH-;<,M,+#ERVCDE$2WY4*EW8]@"J.WB:
M"#CZ]V=VA4QSHTCF.=6C^;L)>3^NXV ,GA!%Z#C(^\'8(<;,GUNRX>0N(PTZ
M-<SC4JQE]((M?Q'A03N'E)EXT.3'<1SH'0-P-F%Q>@V;"@4&GN\.?-@2Q8$R
MX^6ZD13NI=4/ET@B]!7</I7/AEAYF3#R2\4F=&D3ZI'@<O&P=F)!8MX[W]R@
MS[MT=]8192C.EQGEE>:(P!0JF2-8_$K*U[:.[RT%BQD:.,(S%BH U'M-A:Y]
M^@RT&MN467-@S18<RP93J1#,ZZU1CV,5N+VH*Q!TAN2%!-EQ%)&C.X!(VU2\
MJ3FHP9F)ULQ.LF_#LH-O=^F),XSLCP,TTXG5<B'FQK^J$1M8@ZA:X(H)W"@]
M7QX8-;/RD5-;&[-I%KF@V+B@TMU@SY\#(BP)QBYCH1!D,O,5&/YVFXO050=
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MQ,S'($D=[77CP(X=E!VZ9Z7Q-DBG*S29>9E/S,K,G(,DC#LO;@ /)03= H%
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MKT= ]NMA^3E_0\KT= ]N]A^3E_0\KT= ]N]A^3E_0\KT= ]N]A^3E_0\KT=
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))^@4"@4"@__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>hnidef14a050917004.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 hnidef14a050917004.jpg
M_]C_X  02D9)1@ ! @  9 !D  #_[  11'5C:WD  0 $    /   _^X #D%D
M;V)E &3      ?_; (0 !@0$! 4$!@4%!@D&!08)"P@&!@@+# H*"PH*#! ,
M# P,# P0# X/$ \.#!,3%!03$QP;&QL<'Q\?'Q\?'Q\?'P$'!P<-# T8$! 8
M&A41%1H?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?'Q\?
M'Q\?'Q\?'Q\?_\  $0@ W@)8 P$1  (1 0,1 ?_$ (D  0 !!0$!
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M/VH,K%XV+'4QK1F<KL[G+/*[/))(;[CD-V86W$[ZOHS-[D&6@(" @(" @("
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MZ:ZH-H@(" @(,&C@L+C[5NW1H5ZMJ\?=NSPQA&<QZ:;I"%F<G^M!G(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
M@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @("
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MS$8^3$9)[1?C-N.8&I9"B(F(-/").YS.VS:3QL0]?-IT<-,7$N7V,=>9\/\
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M6@(" @(.K\4RKY+#0RF^L\7W4S_SA]OVMHZ#;H" @(" @(" @(" @(" @("
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M=?+P%''3EI6")X1<Q=C,1A< [1-Y2'7PZH)U^'!_?S__ "G_ "H'X<']_/\
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MO[WW=>J#X/$XP[X9 ZT970TV6'%M[:"0L^OO89"9G]SO[T&6@(" @(" @("
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MSOXL_3J.C()9QK"GAL85(YVL.]FU9[C!V_\ FK!V-NFX_A>7;KKU0;1 0$!
M0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M0$! 0$! 0$! 0$! 0$! 0$!!8MUN\#.#[)HWW0G[B_D?P=!2M=CDC^\=HIA?
M;+&3MJ)-_%[D&#RK.E@^,Y3-Q0C:_#:DUOL.>QI&A!Y''>S'IJP^.B"V/,,
M$\5.U=A@R$GRXG5W.[A):;[D7?1F;N%Y1UTU?IXH,G_N+!_,25OG8N_&$DIA
MN_8A-HY2;V/VS=A+3P?HZ#&EYKQ6+5I,E")"4P%'J^]CK,SS X:;MT;$SDVF
MNCH,6[SO!QQW6KVX=U2E!?\ F9G,:KPVW)H">81/REV]=69T&VCS>*DDL1A9
M$I*DP5K(#J[QS2,+A&3:=')C%V^MD%:N:Q5NV=.O9"2U'&TQ0L_F[1$X-(S/
M\0.0NVYNFJ#-0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
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"_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
