Corporate GovernanceJul 20, 2026, 04:07 PM
MillerKnoll Amends Bylaws, Raises Director Retirement Age to 75
AI Summary
MillerKnoll, Inc.'s Board of Directors approved amendments to the company's Amended and Restated Bylaws and Board Governance Guidelines, effective July 14, 2026. The Bylaw amendment removes a provision that previously prohibited election to the Board after age 72 and required resignation for directors reaching age 72. Separately, the Board Governance Guidelines were amended to increase the director retirement age from 72 to 75 and allow for temporary waivers of this provision in the company's best interest.
Key Highlights
- Board approved amendment to Bylaws removing director age 72 election prohibition and resignation requirement.
- Board Governance Guidelines amended to increase director retirement age from 72 to 75.
- Board can now temporarily waive retirement-age provision for specific, one-time actions.
Price Impact
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