Corporate ActionOct 13, 2026, 04:11 PM
MillerKnoll Shareholders Approve 2026 Long-Term Incentive Plan, Elect Directors
AI Summary
MillerKnoll, Inc. held its annual shareholder meeting where the 2026 Long-Term Incentive Plan was approved, replacing the previous plan and authorizing a maximum of 23,964,945 shares. Shareholders also elected three directors to the Board, approved executive compensation on an advisory basis, and ratified KPMG LLP as the independent auditor. The new incentive plan received significant shareholder support, though a notable portion voted against it.
Key Highlights
- MillerKnoll shareholders approved the 2026 Long-Term Incentive Plan, authorizing up to 23,964,945 shares.
- Jeanne K. Gang, Michael R. Smith, and Claire F. Spofford were elected to three-year terms on the Board of Directors.
- Shareholders approved the compensation paid to named executive officers on an advisory basis.
- KPMG LLP was ratified as the independent registered public accounting firm for the fiscal year ending May 29, 2027.
- The 2026 Long-Term Incentive Plan received 50,343,262 'For' votes against 8,653,283 'Against' votes.
Price Impact
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