Business Context and Reporting Period
This Form 8-K filing by MillerKnoll, Inc. (MLKN) was submitted on September 3, 2025, reporting corporate governance and executive leadership changes effective in September and October 2025.
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 personnel appointments and compensation adjustments.
Material Changes
- Executive Appointments: Jeffrey M. Stutz was appointed Chief Operating Officer (COO), effective September 8, 2025. He previously served as CFO since February 2015.
- Interim CFO: Kevin Veltman was named Interim CFO, effective September 8, 2025, pending the appointment of a permanent successor.
- Resignation: Christopher Baldwin, Group President, resigned on September 3, 2025. His duties will be absorbed by the new COO.
- Board Leadership: John R. Hoke III was appointed as the new non-executive Chair of the Board, effective upon Michael Volkema's retirement at the Annual Meeting on October 13, 2025.
Compensation and Management Commentary
Compensation adjustments were made in connection with the leadership transitions:
- Jeffrey M. Stutz (COO): Annual base salary increased to $635,000. Fiscal 2026 Annual Incentive Plan (AIP) target set at 100% of base salary. Fiscal 2026 Long-Term Incentive target set at 225% of base salary.
- Kevin Veltman (Interim CFO): Annual base salary set at $480,000. Eligible for a Fiscal 2026 AIP target award equal to 50% of base salary.
Mr. Hoke, the incoming Chair, brings extensive experience from Nike, Inc., where he currently serves as Chief Innovation Officer.
Investor Verification Checklist
- Verify the timeline for the search and appointment of a permanent CFO to replace Mr. Stutz.
- Confirm the specific date of Michael Volkema's retirement and the formal transition of the Chair role to John R. Hoke III.
- Review the integration of Group President duties into the COO role to assess potential operational shifts.
- Check for any subsequent filings regarding the permanent CFO appointment or further board changes.