Every material Form 8-K MillerKnoll has filed with the SEC since July 21, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
MillerKnoll's board appointed Jeff Stutz as Chief Executive Officer and a board member, effective October 21, 2026, ending his service as interim CEO that began in June 2026. The board also increased its size from ten to eleven members, and the offer letter sets out his pay, equity grant and severance terms.
Stutz appointed CEO and to the board effective October 21, 2026; board expanded from ten to eleven members
Base salary of $1,000,000, with target annual incentive of 125% and target long-term incentive of 400% of base salary
One-time step-up equity grant with a target grant date value of $1,075,000, delivered 60% in performance stock units and 40% in restricted stock units
Change-in-control severance multiple raised from two to three times, and benefits continuation extended from 24 to 36 months
At its October 12, 2026 annual meeting, MillerKnoll shareholders approved the 2026 Long-Term Incentive Plan, which replaces the 2025 plan and authorizes up to 23,964,945 shares for issuance, subject to certain adjustments. The plan covers equity awards to non-employee directors and all employees, including named executive officers. Shareholders also elected three directors to three-year terms, approved executive pay on an advisory basis, and ratified KPMG LLP as auditor for the fiscal year ending May 29, 2027.
Plan approved with 50,343,262 votes for and 8,653,283 votes against, plus 113,987 abstentions and 5,807,699 broker non-votes
Maximum of 23,964,945 shares may be issued under the plan, subject to adjustments
Jeanne K. Gang, Michael R. Smith and Claire F. Spofford elected to three-year terms; Gang received 57,569,433 votes for
KPMG LLP ratified as independent registered public accounting firm with 64,449,678 votes for
MillerKnoll reported first-quarter fiscal 2027 net sales of $923.4 million, down 3.4% from a year earlier, while diluted earnings per share rose to $0.38 from $0.29. The company said the quarter included about $10 million in net operating income from U.S. tariff refunds, worth $0.11 per diluted share, and it cut its full-year net sales outlook to $3.88 billion to $4.03 billion from $3.93 billion to $4.13 billion, while keeping its adjusted EPS outlook of $1.85 to $2.15 unchanged.
Net sales were $923.4 million, down 3.4% as reported and down 3.3% organically; orders were $913.9 million, up 3.2%.
Diluted EPS was $0.38 versus $0.29; adjusted diluted EPS was $0.53 versus $0.45, both including the $0.11 tariff refund benefit.
Full-year fiscal 2027 net sales outlook was lowered to $3.88 billion to $4.03 billion from $3.93 billion to $4.13 billion; adjusted EPS outlook stayed at $1.85 to $2.15.
Interim CEO Jeff Stutz was named in the release; the board declared a $0.1875 quarterly dividend payable October 15, 2026.
MillerKnoll reported fourth-quarter and full fiscal 2026 results for the period ended May 30, 2026, with net sales up 4.4% to $1.004 billion and GAAP diluted EPS of $0.34, compared with a loss of $0.84 a year earlier. Adjusted diluted EPS fell to $0.55 from $0.60, orders declined 6.3%, and Jeff Stutz, Chief Operating Officer, is stepping into the interim CEO role. The company also gave first-quarter and full fiscal 2027 adjusted EPS outlooks of $0.33 to $0.39 and $1.85 to $2.15.
Q4 net sales of $1.004 billion, up 4.4% as reported; orders of $971.5 million, down 6.3%
Q4 GAAP diluted EPS of $0.34 vs. a loss of $0.84 a year earlier; adjusted diluted EPS of $0.55 vs. $0.60
Q1 FY2027 adjusted EPS outlook of $0.33 to $0.39; full year FY2027 outlook of $1.85 to $2.15
Jeff Stutz named incoming interim CEO; company recorded $2.6 million in CEO transition costs in Q4
MillerKnoll said President and CEO Andi Owen will retire on June 30, 2026, as mutually agreed with the Board, and that Chief Operating Officer Jeff Stutz will become Interim CEO on that date. The company also reiterated that its fiscal 2026 fourth quarter results are expected to be in line with prior guidance, with results due June 24, 2026, and said the Board will run a search for a permanent CEO.
Andi Owen resigned from the Board and began a leave of absence effective May 30, 2026; she retires June 30, 2026.
Jeff Stutz, COO since September 2025 and former CFO, performs CEO duties during the leave and becomes Interim CEO June 30, 2026.
Stutz's offer letter sets an annual base salary of $900,000, with bonus and equity targets of 125% and 325% of base salary.
Board size was reduced from eleven to ten directors, effective May 30, 2026.
MillerKnoll reported third-quarter fiscal 2026 results for the quarter ended February 28, 2026, with net sales up 5.8% to $926.6 million and diluted EPS of $0.34, compared with a loss of $0.19 a year earlier. Adjusted diluted EPS was $0.43, down 2.3% from $0.44, and the company guided fourth-quarter adjusted diluted EPS to $0.49 to $0.55.
Orders rose 9.2% to $931.6 million, led by North America Contract orders up 13.1%.
Adjusted operating margin was 5.7%, compared with 6.6% a year earlier.
Fourth-quarter net sales outlook is $955 million to $995 million, including an estimated $8 million to $9 million direct impact from the Middle East conflict.
Board declared a quarterly dividend of $0.1875 per share, payable April 15, 2026.
MillerKnoll entered into Amendment No. 5 to its credit agreement on February 10, 2026, refinancing its entire 2025 term loan B facility, which had an initial principal of $550 million, with a new 2026 term loan B facility. The new facility had $548.6 million outstanding at closing, carries an interest margin 25 basis points lower than before, and matures on August 7, 2032, the same date as the old loan.
New 2026 term loan B facility had $548,625,000 outstanding as of February 10, 2026
Applicable margin cut to 2.00% for SOFR-based loans and 1.00% for base rate loans, 25 basis points lower than before
Prepayments tied to certain repricing events in the first six months carry a 1.00% premium
MillerKnoll appointed Claire Spofford to its Board of Directors effective January 13, 2026, and increased the board from 10 to 11 members. Spofford previously served as CEO, President and Director of J.Jill, Inc. from February 2021 until April 2025, and she will receive the standard non-employee director compensation.
Claire Spofford appointed to the Board effective January 13, 2026, and also to the Compensation Committee
Board size increased from 10 to 11 members; the filing says ten of eleven directors are independent
Spofford was CEO, President and Director of J.Jill, Inc. from February 2021 until retiring in April 2025
Company announced the appointment in a press release dated January 16, 2026
MillerKnoll reported fiscal second-quarter 2026 results for the quarter ended November 29, 2025, with net sales down 1.6% year over year to $955.2 million and diluted EPS of $0.35, versus $0.49 a year earlier. Orders rose 5.5% to $972.5 million, and the company guided third-quarter net sales to $923 million to $963 million and adjusted diluted EPS to $0.42 to $0.48.
Net sales of $955.2 million, down 1.6% as reported and down 2.5% organically
Diluted EPS of $0.35 versus $0.49 a year earlier; adjusted diluted EPS of $0.43 versus $0.55
Orders of $972.5 million, up 5.5% year over year
Q3 fiscal 2026 outlook: net sales of $923 million to $963 million and adjusted diluted EPS of $0.42 to $0.48
MillerKnoll appointed Kevin Veltman as Chief Financial Officer on October 16, 2025, ending his interim role that began September 8, 2025. His base salary rose to $520,000, and he received a one-time long-term equity award valued at $500,000, which ties part of his pay to performance share units.
Veltman was appointed CFO on October 16, 2025, after serving as interim CFO from September 8, 2025.
Base salary increased to $520,000; fiscal 2026 annual incentive target set at 75% of base salary.
One-time long-term equity award valued at $500,000, split 50% performance share units and 50% restricted stock units.
Former CFO Jeff Stutz transitioned to Chief Operating Officer.
At its October 13, 2025 annual meeting, MillerKnoll shareholders approved a new 2025 Long-Term Incentive Plan that replaces the 2023 plan and authorizes up to 21,164,945 shares for equity awards. Shareholders also re-elected three nominees to three-year board terms, approved executive pay on an advisory basis, and ratified KPMG LLP as auditor.
2025 Long-Term Incentive Plan approved by 46,229,453 for votes against 12,799,105 with 221,526 abstentions
Maximum of 21,164,945 shares may be issued under the new plan, subject to adjustments
Lisa A. Kro, John T. Maeda and Michael C. Smith elected to three-year terms
KPMG LLP ratified as auditor for fiscal year ending May 30, 2026, with 63,261,543 votes for
MillerKnoll reported first quarter fiscal 2026 results for the quarter ended August 30, 2025, with net sales up 10.9% to $955.7 million and diluted earnings per share of $0.29, compared with a loss of $0.02 a year earlier. Orders fell 5.4% to $885.4 million, and the company issued second-quarter guidance with net sales of $926 million to $966 million and adjusted diluted EPS of $0.38 to $0.44. Sales and profit measures improved year over year, while orders declined.
Net sales of $955.7 million, up 10.9% from $861.5 million a year earlier; organic growth was 10.0%.
Diluted EPS of $0.29 versus a loss of $(0.02) a year earlier; adjusted diluted EPS of $0.45 versus $0.36.
Orders of $885.4 million, down 5.4%, partly reflecting an order pull-forward in the fourth quarter of fiscal 2025 in North America Contract.
Second-quarter fiscal 2026 outlook: net sales of $926 million to $966 million; approximately $8.0 million of net tariff-related impact in the quarter.
MillerKnoll and certain subsidiaries entered into a three-year accounts receivable securitization facility of up to $90.0 million, with a scheduled termination date of September 8, 2028. Proceeds will be used for general working capital, and the company agreed to guarantee the performance of the originators and servicer, though not the collectibility of receivables.
Facility of up to $90.0 million, dated September 10, 2025, with Wells Fargo Bank, National Association as administrative agent
Borrowings bear interest at Daily One Month Term SOFR plus a 1.075% margin
MillerKnoll guarantees performance of originators and servicer obligations but not receivable collectibility or obligor creditworthiness
MillerKnoll appointed Chief Financial Officer Jeff Stutz as Chief Operating Officer effective September 8, 2025, and named Kevin Veltman interim CFO while a search for a permanent CFO is underway. The Board also named director John Hoke as non-executive Chair, effective upon Mike Volkema's retirement at the October 13, 2025 annual meeting. Changes in top finance and board leadership affect shareholders' oversight and the company's management structure, though the filing reports no financial results.
Jeff Stutz named COO effective September 8, 2025; base salary increased to $635,000
Kevin Veltman serves as Interim CFO from September 8, 2025, with a $480,000 base salary
John R. Hoke III to become non-executive Board Chair at the October 13, 2025 annual meeting
Group President Christopher Baldwin resigned, effective notice given September 3, 2025
On August 7, 2025, MillerKnoll amended its credit agreement to refinance and extend its existing $625.0 million term loan B facility with a new $550.0 million term loan B facility, and replaced the resigning agent with Wells Fargo as successor agent. The refinanced loan matures seven years after the closing date and carries an initial margin of 2.25% for RFR loans, and the total senior facilities stand at $1,675.0 million after closing.
Refinanced term loan B: $550.0 million, proceeds used to repay the existing term loan B and pay fees and expenses
Maturity: seven years from the August 7, 2025 closing date; quarterly amortization of 0.25% starts with the quarter ending December 31, 2025
Initial margin: 2.25% for RFR loans and 1.25% for ABR loans; a 1.00% prepayment premium applies to certain repricing events in the first six months
Total senior facilities after closing: $1,675.0 million; Wells Fargo Bank replaces Goldman Sachs Bank USA as successor agent
MillerKnoll said Chair Michael Volkema advised on July 15, 2025 that he will retire from the Board when his term ends at the 2025 annual shareholder meeting. He cited personal and family commitments and said the decision was not due to any disagreement with the company. The filing does not name a successor chair.
Michael Volkema advised the company on July 15, 2025 of his retirement from the Board
Retirement takes effect when his term ends at the 2025 annual meeting of shareholders
He previously served 9 years as President and CEO and 25 years as Board Chair
Filing states no disagreements with the company; no successor chair is named
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