Welcome to our dedicated page for Miller Inds SEC filings (Ticker: MLR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Miller Industries' SEC filings document results of operations, material events, governance matters and capital-structure disclosures for a Tennessee-based manufacturer of towing and recovery equipment. Recent 8-K filings furnish quarterly and annual earnings releases, supplemental investor materials and updates tied to production, cash flow, dividends, capacity initiatives and completed strategic transactions.
The company's proxy materials cover board and executive-compensation matters, including severance protection plan amendments and change-in-control provisions. Its filings also include disclosure categories related to material agreements, shareholder voting matters, ownership, risk factors and the public-company controls that govern MLR's common stock and corporate reporting obligations.
Miller Industries Chief Revenue Officer Vincent J. Tiano reported routine equity compensation activity. On March 6, 2026, 2,893 restricted stock units vested and were converted into an equal number of common shares at a conversion price of $0.0000 per unit.
To cover tax withholding obligations on this vesting, 678 common shares were withheld at $45.96 per share, reducing his direct common stock holdings to 10,494 shares afterward. He also continues to hold time-based restricted stock units representing 9,948 and 2,000 underlying common shares that vest in future annual installments.
Miller Industries Chief Information Officer Josias W. Reyneke reported the vesting and conversion of 2,893 restricted stock units into an equal number of common shares on March 6, 2026. These RSUs are time-based awards that vest in three equal annual installments starting March 6, 2025.
To cover tax withholding obligations on the vesting, 678 common shares were withheld at a price of $45.96 per share, leaving Reyneke with 10,494 common shares held directly after the transactions. He also continues to hold time-based restricted stock units representing 9,948 and 2,000 underlying common shares, which vest in future annual installments.
Miller Industries CEO and President William G. Miller II exercised restricted stock units that vested on March 6, 2026, converting 16,635 units into the same number of common shares. To cover tax withholding obligations, 4,779 of these shares were withheld at $45.96 per share, leaving him with 60,979 common shares held directly after the transactions.
Following this vesting event, he also continues to hold time-based restricted stock units covering 57,200 underlying common shares that vest in three equal annual installments commencing on March 15, 2026, and additional restricted stock units covering 12,000 underlying shares that vest in five equal annual installments commencing on March 1, 2023. Each restricted stock unit represents a contingent right to receive one share of common stock.
Miller Industries executive vice president, secretary and general counsel Frank Madonia reported routine equity compensation activity. On March 6, 2026, 2,893 time-based restricted stock units vested and were converted into the same number of common shares.
To cover tax withholding obligations, 678 common shares were withheld at $45.9600 per share. After these transactions, Madonia directly holds 10,494 common shares and continues to hold unvested restricted stock units covering 9,948 and 2,000 underlying common shares, which vest in scheduled annual installments.
Miller Industries executive Jeffrey I. Badgley, President, International and Military, converted 2,893 restricted stock units into the same number of common shares on March 6, 2026, at an exercise price of $0.00 per share. Each unit represents a contingent right to receive one share of common stock.
Of the vested shares, 678 common shares were withheld at $45.96 per share to cover tax obligations, a non–market sale. After these transactions, Badgley directly holds 22,654 common shares and continues to hold time-based restricted stock units covering 9,948 and 6,000 underlying shares that vest in future annual installments.
Miller Industries, Inc. updated its executive compensation programs. The board’s Compensation Committee approved a Second Amended and Restated Severance Protection Plan that eliminates “single-trigger” change in control severance. Executives now receive severance only after a qualifying termination such as termination without cause, death, disability, or resignation for good reason, and must sign a release of claims.
The committee also revised the Executive Officer Annual Bonus Plan for 2025 by reallocating an 8% bonus pool share among remaining executives. For 2026 and beyond, a new First Amended and Restated Executive Officer Annual Bonus Plan ties the bonus pool to pretax income above $20 million and delivers awards in cash and restricted stock units, with defined pool percentages and RSU vesting structures for each executive officer.
Miller Industries files its 2025 annual report describing its position as a leading global manufacturer of towing and recovery equipment, with operations in the U.S., U.K., France and Italy and a broad portfolio of wrecker, carrier, and transport trailer brands.
In 2025 the company acquired Italian towing manufacturer Omars S.p.A., adding a well-known European brand and extra capacity, and it continues to integrate prior acquisition SHC to stabilize hydraulic cylinder supply. Miller employs about 1,535 people and is investing heavily in capacity, including a €8.0 million expansion in France and an expected $100 million plant expansion in Ooltewah, Tennessee.
The filing highlights dependence on third-party suppliers and chassis, exposure to tariffs, CARB emissions rules, inflation, higher interest rates, and geopolitical conflicts that have pressured demand and margins. It also notes credit facility borrowings, obligations tied to dealer floor‑plan financing, extensive environmental and data‑privacy regulation, and detailed human capital, safety, and governance practices.
Miller Industries reported a sharp slowdown for 2025 while outlining major growth plans. Full-year net sales fell to $790,271,000 from $1,257,500,000, with net income down to $23,014,000 from $63,494,000. In Q4 2025, net sales were $171,168,000 versus $221,907,000 a year earlier, and diluted EPS declined to $0.29 from $0.91.
The company approved a new 200,000+ square foot facility at its Ooltewah, Tennessee headquarters, with expected cost of approximately $100 million, and plans to fund most of it from operating cash flow. Management highlighted more than $150 million in global military commitments and issued 2026 revenue guidance of $850 million to $900 million, targeting revenue of about $250 million per quarter in the second half of 2026 and gross margins in the mid‑13% range. The board raised the quarterly dividend 5% to $0.21 per share and the company returned $15.1 million in 2025 through dividends and share repurchases.
Miller Industries executive Jeffrey I. Badgley, President, International and Military, reported equity award activity involving company stock. On March 1, 2026, he exercised 6,000 restricted stock units, receiving the same number of Miller Industries common shares at a stated price of $0.00 per share, reflecting the vesting of time-based units.
To cover associated tax withholding on this vesting, 1,440 common shares were automatically disposed of at $42.03 per share, a tax-withholding disposition rather than an open-market sale. Following these transactions, he directly held 20,439 common shares. He also continued to hold restricted stock units, with 9,948 units and 5,786 units scheduled to vest in three equal annual installments beginning on March 15, 2026 and March 6, 2025, respectively.
Miller Industries Chief Financial Officer Deborah L. Whitmire reported equity award activity tied to previously granted restricted stock units. On March 1, 2026, she converted 6,000 restricted stock units into 6,000 shares of common stock at $0.00 per share as part of normal vesting.
To cover tax withholding obligations on this vesting, 1,440 common shares were withheld at a price of $42.03 per share, described as a tax-withholding disposition rather than an open-market sale. After these transactions, she directly owned 22,298.551 common shares.
The filing also shows continuing awards of time-based restricted stock units. One grant vests in five equal annual installments beginning on March 1, 2023, and additional grants vest in three equal annual installments beginning on March 6, 2025 and March 15, 2026, with each unit representing one share of common stock.