Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when MLKN files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsMillerKnoll raises director retirement age to 75, removes mandatory age-72 exit
Filed July 20, 2026 · Period ending July 14, 2026 · ~1 min read
Key Changes
-
medium
Removed bylaw provision that barred election of directors age 72+ and forced sitting directors to resign upon turning 72, eliminating a hard retirement trigger from the charter.
Item 5.03 verify on EDGAR → -
medium
Raised director retirement age from 72 to 75 in governance guidelines and added board authority to waive the age limit on a case-by-case basis when deemed in shareholders' best interests.
Item 5.03 verify on EDGAR →
Summary
MillerKnoll amended its bylaws and governance guidelines to extend director tenure potential. The company eliminated a bylaw provision that prohibited anyone 72 or older from joining the board and required sitting directors to resign at that age, then raised the retirement age to 75 in its governance guidelines. The board also granted itself authority to waive the age limit for a specific director on a one-time basis when it determines a waiver serves shareholder interests.
The changes give the board more flexibility in director selection and retention, allowing it to keep experienced directors past the prior hard cap. Investors should watch for how the board uses the new waiver authority and whether the extended tenure affects board refreshment and succession planning. The amendments took effect July 14, 2026.
Section-by-Section Diff
Event · Item 5.03 — Amendments to Articles of Incorporation or Bylaws
Item 5.03 — Amendments to Articles of Incorporation or Bylaws filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
The amendment removes a provision from Article IV, Section 2 that previously prohibited a person from being elected to the Company’s Board after attaining age 72 and required any director who attained age 72 while serving on the Board to tender his or her resignation, effective no later than the Company’s next annual shareholder meeting.
The company eliminated a hard age cap that barred anyone 72 or older from joining the board and forced sitting directors to resign upon turning 72. This removes a mandatory retirement trigger from the corporate charter, giving the board more flexibility in director selection and retention.
Added in current filing · verify on EDGAR →
effective July 14, 2026, the Board amended the Company’s Board Governance Guidelines to increase the director retirement age from 72 to 75 and to permit the Board to temporarily waive the retirement-age provision for a specific, one-time action where the Board determines such waiver to be in the best interests of the Company and its shareholders.
The board raised the director retirement age from 72 to 75 in its governance guidelines and added a waiver mechanism allowing the board to suspend the age limit for a specific director on a one-time basis when deemed in shareholders' best interests. This change, combined with the bylaws amendment, extends director tenure potential and provides case-by-case flexibility.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify