Brief: Herman Miller Makes Temporary Business Adjustments In Response To Impact Of Covid-19

MillerKnoll

03/04/2020 14:15

April 3 (Reuters) - Herman Miller Inc  MLHR.O :
    * HERMAN MILLER MAKES TEMPORARY BUSINESS ADJUSTMENTS IN
RESPONSE
TO IMPACT OF COVID-19
    * HERMAN MILLER INC - 10% REDUCTION IN CASH COMPENSATION FOR
MAJORITY OF COMPANY'S SALARIED WORKFORCE
    * HERMAN MILLER - SUSPENDING CERTAIN EMPLOYER-PAID
RETIREMENT
CONTRIBUTIONS, PREVIOUSLY PLANNED COMPENSATION INCREASES, CASH
INCENTIVE BONUS PROGRAMS
    * HERMAN MILLER - CEO AND EXECUTIVE LEADERSHIP TEAM WILL
DEFER
ADDITIONAL LEVELS OF SALARY FOR A MINIMUM OF 6 MONTHS TO
PRESERVE CASH FLOW IN NEAR-TERM

Source text for Eikon:  ID:nPn5hJWk9a 
Further company coverage:  MLHR.O 

 ((Reuters.Briefs@thomsonreuters.com;))