---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-046228"
form_type: "8-K"
ticker: "MLR"
cik: "0000924822"
company_name: "MILLER INDUSTRIES INC /TN/"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:44:57.131293+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Miller Industries revamps executive comp: new bonus program, salary hikes, severance plan

## Summary
- Annual bonus pool formula: 5% of Adjusted Pretax Income if >$10M and ≤$25M, 8% if >$25M and ≤$50M, 11.25% if >$50M; part payable in RSUs at higher tiers.
- Executive Chairman William G. Miller gets bonus of $225k/$675k/$1.013M at $25M/$50M/$75M Adjusted Pretax Income, all cash.
- Base salary increases effective Jan 1, 2023: CEO from $700k to $765k; CFO from $390k to $450k; others from $330k to $350k.
- New Change in Control Severance Plan: double-trigger, severance = 2x (CEO) or 1.5x (other officers) of base + target bonus; plus pro-rated bonus and COBRA.

## SEC filing metadata
- accession: 0001104659-23-046228
- form_type: 8-K
- ticker: MLR
- cik: 0000924822
- company_name: MILLER INDUSTRIES INC /TN/
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924822/000110465923046228/0001104659-23-046228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924822/000110465923046228/tm2313041d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-046228
- JSON: https://secwatch.observer/filing/0001104659-23-046228.json
- Plain text: https://secwatch.observer/filing/0001104659-23-046228.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.