MillerKnoll Management

Management criteria checks 2/4

MillerKnoll's CEO is Andi Owen, appointed in Aug 2018, has a tenure of 6.08 years. total yearly compensation is $8.96M, comprised of 12.3% salary and 87.7% bonuses, including company stock and options. directly owns 0.26% of the company’s shares, worth €4.02M. The average tenure of the management team and the board of directors is 5.6 years and 5.9 years respectively.

Key information

Andi Owen

Chief executive officer

US$9.0m

Total compensation

CEO salary percentage	12.3%
CEO tenure	6.1yrs
CEO ownership	0.3%
Management average tenure	5.6yrs
Board average tenure	5.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Andi Owen's remuneration changed compared to MillerKnoll's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 31 2024	n/a	n/a	US$64m
Jun 01 2024	US$9m	US$1m	US$82m
Mar 02 2024	n/a	n/a	US$72m
Dec 02 2023	n/a	n/a	US$51m
Sep 02 2023	n/a	n/a	US$33m
Jun 03 2023	US$6m	US$1m	US$42m
Mar 04 2023	n/a	n/a	US$64m
Dec 03 2022	n/a	n/a	US$78m
Sep 03 2022	n/a	n/a	US$60m
May 28 2022	US$5m	US$1m	-US$27m
Feb 26 2022	n/a	n/a	-US$40m
Nov 27 2021	n/a	n/a	-US$13m
Aug 28 2021	n/a	n/a	US$40m
May 29 2021	US$6m	US$977k	US$175m
Feb 27 2021	n/a	n/a	-US$8m
Nov 28 2020	n/a	n/a	-US$12m
Aug 29 2020	n/a	n/a	US$16m
May 30 2020	US$5m	US$992k	-US$9m
Feb 29 2020	n/a	n/a	US$211m
Nov 30 2019	n/a	n/a	US$212m
Aug 31 2019	n/a	n/a	US$173m
Jun 01 2019	US$4m	US$742k	US$161m

Compensation vs Market: Andi's total compensation ($USD8.96M) is above average for companies of similar size in the German market ($USD1.59M).

Compensation vs Earnings: Andi's compensation has increased by more than 20% in the past year.

CEO

Andi Owen (59 yo)

6.1yrs

Tenure

US$8,957,907

Compensation

Ms. Andrea R. Owen, also known as Andi, has been Chief Executive Officer, President and Director of MillerKnoll, Inc. (formerly known as Herman Miller, Inc.) since August 22, 2018. Ms. Owen's employment wi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Andrea Owen	President	6.1yrs	US$8.96m	0.26% $ 4.0m
Jeffrey Stutz	Chief Financial Officer	9.6yrs	US$2.93m	0.089% $ 1.4m
Debbie Propst	President of Global Retail	4.7yrs	US$3.36m	0.030% $ 461.4k
John Michael	President of America Contract	5.3yrs	US$2.92m	0.026% $ 403.6k
Christopher Baldwin	Group President	no data	US$3.66m	0.050% $ 767.0k
Richard Scott	Chief Manufacturing & Operations Officer	5.3yrs	no data	no data
Jacqueline Rice	General Counsel & Corporate Secretary	5.6yrs	no data	0.035% $ 546.6k
Timothy Straker	Chief Marketing Officer & Communication Officer	4.7yrs	no data	no data
Bruce Watson	Chief Creative & Product Officer	7.6yrs	US$1.75m	0.077% $ 1.2m
Megan Lyon	Chief Strategy Officer	5.6yrs	US$1.63m	0.053% $ 811.5k
Benjamin Groom	President of International Contract	no data	no data	no data
Kevin Veltman	VP of Investor Relations & Treasurer	no data	no data	no data

5.6yrs

Average Tenure

52.5yo

Average Age

Experienced Management: MHR's management team is seasoned and experienced (5.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Andrea Owen	President	6.1yrs	US$8.96m	0.26% $ 4.0m
Douglas French	Independent Director	22.7yrs	US$230.00k	0.026% $ 397.1k
Michael Volkema	Independent Non-Executive Chairman	29.7yrs	US$350.00k	0.30% $ 4.6m
Candace Matthews	Independent Director	4.1yrs	US$230.00k	0.029% $ 454.9k
John Hoke	Independent Director	19yrs	US$245.00k	0.071% $ 1.1m
Lisa Kro	Independent Director	12.7yrs	US$250.00k	0.064% $ 996.1k
John Maeda	Independent Director	less than a year	no data	no data
Tina Edmundson	Independent Director	less than a year	no data	no data
Michael Smith	Independent Director	3.3yrs	US$230.00k	0.0019% $ 28.6k
Heidi Manheimer	Independent Director	10.7yrs	US$230.00k	0.049% $ 763.9k
Michael Smith	Independent Director	5.7yrs	US$245.00k	0.036% $ 553.1k
Jeanne Gang	Independent Director	less than a year	no data	0.0026% $ 39.4k

5.9yrs

Average Tenure

59yo

Average Age

Experienced Board: MHR's board of directors are considered experienced (5.9 years average tenure).

MillerKnoll Management

Management criteria checks 2/4

Key information

Recent management updates

MillerKnoll, Inc., Annual General Meeting, Oct 14, 2024

Millerknoll, Inc. Announces Board of Director Appointments

Chief Financial Officer recently sold €251k worth of stock

Insufficient new directors

Independent Non-Executive Chairman recently bought €205k worth of stock

Independent Non-Executive Chairman recently bought €905k worth of stock

Recent updates

New major risk - Financial position

MillerKnoll, Inc., Annual General Meeting, Oct 14, 2024

MillerKnoll, Inc. to Report Q1, 2025 Results on Sep 19, 2024

Upcoming dividend of US$0.19 per share

Full year 2024 earnings released: EPS: US$1.12 (vs US$0.56 in FY 2023)

Millerknoll, Inc. Announces Board of Director Appointments

Investor sentiment improves as stock rises 18%

Full year 2024 earnings released: EPS: US$1.12 (vs US$0.56 in FY 2023)

New major risk - Revenue and earnings growth

MillerKnoll, Inc. Provides Earnings Guidance for the First Quarter and Full Year of 2025

MillerKnoll, Inc. to Report Q4, 2024 Results on Jun 26, 2024

Upcoming dividend of US$0.19 per share

New major risk - Financial position

Third quarter 2024 earnings released: EPS: US$0.30 (vs US$0.005 in 3Q 2023)

MillerKnoll, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024

MillerKnoll, Inc. to Report Q3, 2024 Results on Mar 27, 2024

Upcoming dividend of US$0.19 per share

Now 20% undervalued

Now 20% undervalued

Chief Financial Officer recently sold €251k worth of stock

Second quarter 2024 earnings released: EPS: US$0.46 (vs US$0.21 in 2Q 2023)

MillerKnoll, Inc. Provides Earnings Guidance for the Third Quarter of Fiscal Year 2024

Upcoming dividend of US$0.19 per share at 2.9% yield

MillerKnoll, Inc. to Report Q2, 2024 Results on Dec 20, 2023

Investor sentiment improves as stock rises 25%

MillerKnoll, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2024

New minor risk - Profit margin trend

MillerKnoll, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2024

Insufficient new directors

MillerKnoll, Inc. to Report Q1, 2024 Results on Sep 26, 2023

Upcoming dividend of US$0.19 per share at 4.1% yield

Independent Non-Executive Chairman recently bought €205k worth of stock

Investor sentiment improves as stock rises 18%

New minor risk - Earnings quality

Millerknoll, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2024

Full year 2023 earnings released: EPS: US$0.56 (vs US$0.37 loss in FY 2022)

MillerKnoll, Inc. Announces Impairment Charges for the Fourth Quarter Ended June 3, 2023

MillerKnoll, Inc.(NasdaqGS:MLKN) dropped from Russell 2000 Value-Defensive Index

Now 21% undervalued after recent price drop

MillerKnoll, Inc. to Report Q4, 2023 Results on Jun 12, 2023

Upcoming dividend of US$0.19 per share at 5.1% yield

Now 20% undervalued after recent price drop

Independent Non-Executive Chairman recently bought €905k worth of stock

Third quarter 2023 earnings released: EPS: US$0.005 (vs US$0.17 in 3Q 2022)

Investor sentiment improved over the past week

Second quarter 2023 earnings released: EPS: US$0.21 (vs US$0.045 loss in 2Q 2022)

MillerKnoll, Inc. Provides Earnings Guidance for the Third Quarter of Fiscal Year 2023

MillerKnoll, Inc. to Report Q2, 2023 Results on Dec 21, 2022

MillerKnoll, Inc. Announces Retirement of Mary Andringa from the Board of Directors

President recently bought €1.0m worth of stock

First quarter 2023 earnings released: EPS: US$0.34 (vs US$0.93 loss in 1Q 2022)

MillerKnoll, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal Year 2023

MillerKnoll, Inc. to Report Q1, 2023 Results on Sep 28, 2022

Upcoming dividend of US$0.19 per share

Full year 2022 earnings released: US$0.37 loss per share (vs US$2.94 profit in FY 2021)

MillerKnoll, Inc. Provides Earnings Guidance for the First Quarter of Fiscal Year 2023

MillerKnoll, Inc. Provides Earnings Guidance for the First Quarter of Fiscal Year 2023

Upcoming dividend of US$0.19 per share

Herman Miller Unveils Latest Addition to Collection of Color-Dipped Chairs

Third quarter 2022 earnings released: EPS: US$0.17 (vs US$0.70 in 3Q 2021)

MillerKnoll, Inc. Provides Earnings Guidance for the Fourth Quarter of 2022

Upcoming dividend of US$0.19 per share

Second quarter 2022 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of US$0.19 per share

First quarter 2022 earnings released: EPS US$0.17 (vs US$1.24 in 1Q 2021)

Upcoming dividend of US$0.19 per share

Chief Creative Officer recently sold €448k worth of stock

Full year 2021 earnings released: EPS US$2.94 (vs US$0.15 loss in FY 2020)

Herman Miller, Inc. Provides Sales Guidance for the Fourth Quarter of 2021