Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On May 17, 2022, Hillenbrand, Inc. (the "Company") promoted Megan A. Walke, age 43, who has been serving as Interim Chief Accounting Officer of the Company, to the position of the Company's Vice President, Chief Accounting Officer, effective May 23, 2022. Ms. Walke became the Company's Interim Chief Accounting Officer in February 2022, having served as the Company's Director, Financial Reporting since August 2014 and prior to that in roles of increasing responsibility in the Company's finance organization. Ms. Walke began her career with nearly a decade in public accounting at Ernst & Young.

The Company has entered into employment documentation with Ms. Walke in substantially the same form as it has with other officers. Ms. Walke's compensation package includes an annual base salary of $230,000 and an annual short-term incentive compensation target at 40% of base salary. In addition, Ms. Walke will be eligible to participate in annual equity-based awards under the Company's long-term incentive compensation plan. She will also be eligible to participate in the benefit plans provided to the Company's officers generally.

There are no arrangements or understandings between Ms. Walke and any other person pursuant to which she was appointed as an officer of the Company. There are no family relationships between Ms. Walke and any director or executive officer of the Company, and she has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

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