Millerknoll (MLKN) executive compensation, 2025 proxy

Andi R. Owen, President and CEO, was paid $6.4M in 2025, down 28% from $9M the year before. The CEO-to-median-employee pay ratio was 88:1, on median employee pay of $72,794.

Filed
August 29, 2025
Annual meeting
October 13, 2025
Pay year
2025
Named executives
5
CEO total pay
$6.4M-28% vs prior year
CEO to median employee
88:1median $72,794
CEO pay in equity
72%$4.6M in awards
Prior say-on-pay support
96%of votes cast
CEO stock awards
$4.62MLargest CEO pay component
CEO AIP target
$1,375,000Annual incentive target
CEO AIP maximum
$2,750,000Two times target
CEO PSU target value
$2,706,535Target attainment value

How Owen was paid

$6.4M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.

Salary17%Stock awards72%Non-equity incentive10%All other compensation1%

Named executive officers

ExecutiveTotal
Andi R. OwenPresident and CEO$6,429,976
Jeffrey M. StutzCFO$2,018,725
Christopher M. BaldwinGroup President, MillerKnoll$1,874,635
John P. MichaelPresident, North America Contract$1,875,842
Debbie F. PropstPresident, Global Retail$1,889,242

What changed and why

  • $6.4M$6,429,976 CEO total compensation fell from $8,957,907 in fiscal 2024.
  • $668K$668,250 CEO non-equity incentive compensation reflected fiscal 2025 performance.
  • EBITDA, As Adjusted, determined fiscal 2025 Annual Incentive Plan cash bonuses.
  • 200%200% of target capped PSU payouts, with EBITDA and Revenue among fiscal 2025 performance goals.
  • $72,79488-to-1 CEO-to-median-employee pay ratio used $72,794 median employee compensation.
  • 96%96% of votes cast supported the 2024 say-on-pay proposal.

Other Millerknoll proxy statements

About this page

Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.