Business Context and Reporting Period
This Form 8-K filing by MillerKnoll, Inc. (MLKN) is dated May 30, 2026, with the report signed on June 3, 2026. The filing addresses a significant leadership transition involving the departure of the Chief Executive Officer and the appointment of an interim successor.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on executive compensation and governance changes.
Material Changes
- CEO Departure: Andi R. Owen, President and CEO, mutually agreed to retire effective June 30, 2026. She resigned from the Board and commenced a leave of absence effective May 30, 2026.
- Interim CEO Appointment: Jeff Stutz, previously Chief Operating Officer, was appointed to perform CEO duties effective May 30, 2026, and will become Interim CEO effective June 30, 2026.
- Board Composition: The Board size was reduced from eleven to ten directors effective May 30, 2026.
Compensation, Outlook, and Risks
Compensation Arrangements
- Ms. Owen: Entitled to 18 months of base salary and up to 18 months of subsidized health benefits upon separation, plus retirement treatment for outstanding equity awards.
- Mr. Stutz: Offer letter dated June 1, 2026, sets an annual base salary of $900,000. Target bonus opportunity is 125% of base salary, and target equity incentive is 325% of base salary. He is eligible for the Salary Continuation Plan (18 months base salary and health benefits upon qualifying termination).
Outlook and Risks
The filing does not provide updated financial guidance or discuss specific operational risks beyond the standard transition of leadership. No unusual items or contingencies were disclosed in this report.
Investor Verification Checklist
- Verify the exact effective dates for Ms. Owen's retirement (June 30, 2026) and Mr. Stutz's interim role.
- Review the definitive proxy statement filed on August 29, 2025, for details on Ms. Owen's equity award retirement treatment.
- Confirm the terms of Mr. Stutz's offer letter regarding the 125% bonus and 325% equity targets.
- Monitor future filings for the permanent CEO search results and any impact on strategic direction.