MILLERKNOLL, INC. (MLKN) – SEC staff letter
2026-01-28 · Re: Form 10-K for the Fiscal Year Ended May 31, 2025 Filed July 21, 2025 · Accession 0000000000-26-001017 · 1 staff comment(s) issued
Company response(s): 2026-02-03
Non-GAAP: Reconciliation & UsefulnessSegment Reporting (ASC 280)
2026-01-28 · Form 10-K for the Fiscal Year Ended May 31, 2025 Filed July 21, 2025 · Comment 1 · Note 13. Operting Segments, page 86 Agreed to revise
Staff comment: We note the disclosure of tables for adjusted cost of sales and adjusted operating expenses that each include subtotals. In future filings, please remove these totals as either does not appear to be a segment measure of profitability and would be considered a non- GAAP financial measure and should not be disclosed in the notes to the financial statements in accordance with Item 10(e)(1)(ii)(C). letter →
Company response: We respectfully acknowledge the Staff’s comment and will remove totals for both adjusted cost of sales and adjusted operating expenses from the operating segment note to the financial statements in future filings. The Company is committed to serving its investors with accurate and understandable disclosures regarding its operations and financial condition. We appreciate the efforts of the Commission to assist us with that goal. response letter →
Full letter on EDGAR → · Filing index · All MILLERKNOLL, INC. (MLKN) correspondence
Non-GAAP: Reconciliation & Usefulness – what to check: Reconcile every non-GAAP measure (including segment-level measures presented outside the ASC 280 note) to the most directly comparable GAAP measure, and explain why it is useful.
Segment Reporting (ASC 280) – what to check: Check ASU 2023-07 significant segment expense disclosure, CODM identification, and that MD&A segment discussion matches the ASC 280 note.
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