secwatch.observer — SEC 8-K summary
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Issuer:     MILLERKNOLL, INC. (MLKN)
CIK:        0000066382
Form:       8-K
Filed at:   2026-10-21T12:00:48+00:00
Accession:  0000066382-26-000173
Event type: leadership
Sentiment:  positive
Materiality: 0.65
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

MillerKnoll names Jeff Stutz permanent CEO; sets $1M salary and $1.075M step-up equity grant
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- Jeff Stutz, interim CEO since June 30, 2026 and prior COO from September 2025, appointed CEO and board member effective October 21, 2026; board expanded from 10 to 11.
- Offer letter sets $1,000,000 annual base salary, 125% target annual bonus and 400% target long-term incentive opportunity.
- One-time step-up equity grant target value $1,075,000, split 60% performance stock units and 40% restricted stock units under 2026 LTIP.
- Severance: 18 months base salary and benefits absent change in control; change-in-control cash multiple raised to 3x from 2x, benefits period to 36 months from 24.
- Chairman John R. Hoke III credited interim CEO Stutz with stronger operating income, margins and earnings; Stutz cites cost discipline and balance sheet strength.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66382/000006638226000173/0000066382-26-000173-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66382/000006638226000173/mlkn-20261020.htm
  HTML page:      https://secwatch.observer/filing/0000066382-26-000173

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