secwatch.observer — SEC 8-K summary
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Issuer:     MILLER INDUSTRIES INC /TN/ (MLR)
CIK:        0000924822
Form:       8-K
Filed at:   2026-03-06T23:59:59+00:00
Accession:  0001104659-26-024716
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Miller Industries removes single-trigger change-in-control severance; adopts new performance-based bonus plan
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- Second Amended Severance Plan eliminates change-in-control benefits; severance only on qualifying termination (without cause, death/disability, or good reason).
- New bonus plan ties pool to pretax income: $20M-$30M earns 10% pool; $90M+ earns 14% pool; cash/equity mix varies by tier.
- Bonus allocations for 2026: CEO 46%, CFO 17%, President Military/Export 9.25%, CIO 9.25%, CRO 9.25%, GC 9.25%.
- For 2025, CFO's bonus share increased from 14% to 16%; Chief Manufacturing Officer's 8% reallocated among other officers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/924822/000110465926024716/0001104659-26-024716-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/924822/000110465926024716/mlr-20260302x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-024716

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer