MillerKnoll names Kevin Veltman CFO; $520k salary, $500k award

MillerKnoll (MLKN) appointed Kevin Veltman as Chief Financial Officer, effective October 16, 2025.

Rhea-AI Filing Summary

MillerKnoll (MLKN) appointed Kevin Veltman as Chief Financial Officer, effective October 16, 2025. His compensation was set with an annual base salary of $520,000, a fiscal 2026 annual incentive plan target equal to 75% of base salary, and a long-term incentive target equal to 185% of base salary during the next grant cycle. He also received a one-time long-term equity award valued at $500,000, split evenly between performance share units and restricted stock units.

Veltman previously served as Interim CFO and has held senior finance and integration roles at the company since 2014. The company stated there are no family relationships or related party transactions related to his appointment.

Insights

Corporate Governance Analyst

Permanent CFO appointment with defined pay structure; governance continuity, standard incentives, limited near-term operational implications.

MillerKnoll appointed Kevin Veltman as permanent CFO on October 16, 2025, moving from interim status disclosed earlier. The filing specifies compensation terms: base salary of $520,000, fiscal 2026 AIP target at 75% of base, and LTI target at 185% of base effective next grant cycle. A one-time equity award of $500,000 is split evenly between PSUs and RSUs.

The package ties a significant portion of pay to variable and long-term equity components, aligning outcomes with performance and retention. Background details highlight his internal tenure and prior integration leadership, with no related-party ties disclosed.

Points to watch: timing and terms of the next LTI grant cycle when the 185% target becomes effective, PSU performance conditions when available, and the press release dated October 20, 2025 for any additional context. Fiscal 2026 will be the first full AIP period reflecting the 75% target.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MLKN announce in this 8-K?

MillerKnoll appointed Kevin Veltman as Chief Financial Officer effective October 16, 2025.

What is Kevin Veltman’s base salary as MLKN CFO?

His annual base salary is $520,000.

What are the incentive targets for MLKN’s new CFO?

His fiscal 2026 AIP target is 75% of base salary, and his LTI target is 185% of base salary (effective during the next grant cycle).

Did the new CFO receive an equity award?

Yes, a one-time long-term equity award of $500,000, split 50% PSUs and 50% RSUs.

What prior roles did Kevin Veltman hold at MLKN?

He served as Interim CFO, Senior VP Finance – North America Contract, and Senior VP – Integration Lead leading post-merger integration with Knoll.

Are there any related party transactions disclosed?

No. The company states there are no family relationships or related party transactions related to his appointment.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 10/20/2025 - 04:16 PM Learn about SEC filing dates

0000066382false00000663822025-10-162025-10-16

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

__________________________________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

October 16, 2025

Date of Report (date of earliest event reported)

__________________________________________

MillerKnoll, Inc.

(Exact Name of Registrant as Specified in Charter)

Michigan			001-15141			38-0837640
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

855 East Main Avenue

Zeeland, MI 49464

(Address of principal executive offices and zip code)

(616) 654-3000

(Registrant's telephone number, including area code)

Not Applicable

(Former Name or Former Address, If Changed Since Last Report)

__________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, par value $0.20 per share			MLKN			Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(c) Pursuant to a Current Report on Form 8-K filed September 5, 2025, MillerKnoll, Inc. (the “Company”) announced that Kevin Veltman, age 51, had been appointed to the position of Interim Chief Financial Officer (CFO). On October 16, 2025, the Company appointed Mr. Veltman as CFO. In connection with his appointment as CFO, Mr. Veltman’s annual base salary was increased to $520,000, his fiscal 2026 annual incentive plan (AIP) target award was increased to 75% of his base salary, and his LTI target award was increased to 185% of his base salary (effective during the next grant cycle). He was awarded a one-time long-term equity award valued at $500,000, payable 50% in performance share units (PSUs) and 50% in restricted stock units (RSUs).

Mr. Veltman served as the Company's Senior Vice President, Finance – North America Contract from June 2023 until he assumed the role of Interim CFO on September 8, 2025. Prior to that, he served as Senior Vice President – Integration Lead from May 2021 through June 2023, a position in which he directed the Company's post-merger integration with Knoll. He first joined the Company in October 2014 as Vice President – FP&A, Investor Relations, and Treasurer and was promoted to Vice President – Corporate Finance & Treasurer in May 2020. Prior to joining the Company, he held various positions with BISSEL Homecare, Inc. and Ernst & Young. There are no family relationships between Mr. Veltman and any other executive officer or director of the Company, nor is Mr. Veltman a party to any transaction that would be reportable as a related party transaction under applicable SEC rules.     

Item 9.01     Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.			Description
99.1			Press release dated October 20, 2025
104			Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date:

October 20, 2025

MillerKnoll, Inc.

By:

/s/ Jacqueline H. Rice

Jacqueline H. Rice Chief Legal Officer & Corporate Secretary