MILLERKNOLL, INC. (MLKN) Form 8-K — Oct 21, 2026
MillerKnoll's Board unanimously appointed Jeff Stutz as Chief Executive Officer and a director, effective October 21, 2026, ending his stint as Interim CEO that began June 30, 2026 following a rigorous search process. Stutz is a 25-year company veteran, having served as CFO for over ten years and most recently as COO overseeing the International Contract business and European brands including HAY and Muuto. His offer letter sets a $1,000,000 base salary with target bonus and long-term incentive opportunities of 125% and 400% of salary respectively, plus a one-time $1,075,000 step-up equity grant; his change-in-control cash severance multiple was increased from two times to three times.
Key figures
- Ceo base salary
- 1000000
- Board size change
- 10 to 11 members
- Target lti pct of salary
- 400
- Step up equity grant value
- 1075000
- Severance multiplier change
- 2x to 3x cash severance
- Target annual incentive pct of salary
- 125
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