MillerKnoll, Inc. Amends Bylaws, Raises Director Retirement Age

What Happened
MillerKnoll, Inc. (MLKN) filed a Form 8-K reporting that, effective July 14, 2026, its Board approved an amendment to the company’s Amended and Restated Bylaws removing an age-72 bar on election to the Board. At the same time the Board updated its Board Governance Guidelines to increase the director retirement age from 72 to 75 and to allow a one-time, specific waiver of the retirement-age rule if the Board determines it is in the best interests of the company and shareholders.

Key Details

• Amendment to Article IV, Section 2 of the Bylaws removed the prior prohibition on electing anyone aged 72 or older and the requirement that directors age 72 must tender resignations.
• The changes took effect July 14, 2026.
• Board Governance Guidelines were amended to raise the retirement age from 72 to 75.
• The Board may grant a one-time, temporary waiver of the retirement-age provision for a specific action deemed in the company’s and shareholders’ best interests.

Why It Matters
This is a governance change that affects board composition and succession planning. Raising the retirement age and allowing a limited waiver lets MillerKnoll retain directors longer for continuity or specific expertise, which can influence oversight and strategic decisions. Investors should view this as a non-financial corporate governance update that may affect future board nominations and director tenure.