MillerKnoll (MLKN) Proxy filing summary
Event summary combining transcript, slides, and related documents.
Proxy filing summary
28 Aug, 2026Executive summary
Fiscal 2026 saw a 4.7% increase in net sales, with strong performance in North America Contract and Global Retail segments, and continued investment in global showrooms and retail expansion.
Operating earnings rose to $198.3 million, with a 5.2% margin, and diluted EPS improved to $1.32 from a prior year loss.
Leadership transitioned with the retirement of the CEO and appointment of an Interim CEO, emphasizing operational discipline and balance sheet strength.
Sustainability initiatives advanced, including renewable energy operations and expanded circularity, earning external recognition for climate leadership and innovation.
Voting matters and shareholder proposals
Shareholders will vote to elect three directors for three-year terms, approve executive compensation on an advisory basis, ratify KPMG LLP as the independent auditor for fiscal 2027, and approve the 2026 Long-Term Incentive Plan.
The Board recommends a vote FOR all proposals.
No shareholder proposals were submitted for the 2026 meeting.
Board of directors and corporate governance
The Board consists of 10 independent directors, with an average tenure of 8.9 years, and is divided into three classes.
Board committees include Audit, Compensation, and Governance and Corporate Responsibility, each composed entirely of independent directors.
Governance guidelines require director independence, regular executive sessions, and a separation of CEO and Chair roles.
Directors are subject to stock ownership guidelines and a retirement policy at age 75.
Latest events from MillerKnoll
- Key votes include director elections, executive pay, auditor ratification, and incentive plan.MLKN
Proxy filing - Q4 net sales up 4.4% to $1.004B; FY27 guidance: $3.93B–$4.13B sales, $1.85–$2.15 EPS.MLKN
Q4 2026 - Q3 FY26 delivered higher sales, margin gains, and strong liquidity amid global uncertainties.MLKN
Q3 2026 - Orders rose 5.5% and gross margin hit 39.0%, offsetting a 1.6% sales decline.MLKN
Q2 2026 - Profitability improved, global reach expanded, and sustainability advanced; all proposals recommended for approval.MLKN
Proxy Filing - Q2 net sales up 2.2% to $970.4M; Americas led growth, adjusted EPS fell, guidance narrowed.MLKN
Q2 2025 - Order and backlog growth offset lower sales; FY2025 adjusted EPS guidance reaffirmed.MLKN
Q1 2025 - Gross margin and adjusted EPS rose in Q4, with improving order trends and a positive FY2025 outlook.MLKN
Q4 2024 - $130M impairment drove Q3 loss, but retail orders and guidance remain strong.MLKN
Q3 2025