Recent Updates — MLKN
The Board of Directors appointed Jeffrey M. Stutz, previously serving as Interim Chief Executive Officer, to the permanent role of Chief Executive Officer and elected him to the Board effective October 21, 2026. The company entered into an offer letter providing Mr. Stutz with a $1,000,000 annual base salary and target incentive opportunities equal to 525% of his base salary. A one-time equity step-up grant valued at $1,075,000 was also granted to reflect the promotion from Interim CEO. The Board increased its size from ten to eleven members in connection with this appointment. MillerKnoll designs and manufactures furniture for residential and commercial spaces.
MillerKnoll shareholders approved the new 2026 Long-Term Incentive Plan at the annual meeting on October 12, replacing the prior plan. The new plan authorizes up to 23,964,945 shares for equity-based awards including stock options and restricted stock units for employees and directors. Directors were elected and executive compensation was approved on an advisory basis. MillerKnoll designs and manufactures furniture and workplace solutions.
MillerKnoll, Inc. reported first quarter fiscal 2027 results for the period ended August 29, 2026. Net sales decreased 3.4% to $923.4 million, while diluted earnings per share rose 31.0% to $0.38, aided by a $10 million net benefit from U.S. government tariff refunds. The company declared a quarterly cash dividend of $0.1875 per share, payable on October 15, 2026, to shareholders of record as of August 29, 2026. MillerKnoll operates in the furniture industry, designing and manufacturing furnishings for office, healthcare, educational, and residential environments.
MillerKnoll, Inc. amended its Bylaws and Board Governance Guidelines, effective July 14, 2026, to increase the director retirement age from 72 to 75 and allow for temporary waivers of the retirement-age provision. MillerKnoll, Inc. is a manufacturer and retailer of furniture and accessories.
MillerKnoll, Inc. issued a press release on June 24, 2026, announcing its financial results for the quarter ended May 30, 2026. MillerKnoll, Inc. is a global designer and manufacturer of furniture and accessories.