Miller Industries, Inc. - Form 8-K Filing

Miller Industries, Inc. announced on April 7, 2026, that its Compensation Committee approved the Third Amended and Restated Severance Protection Plan. This new plan replaces the previous Change in Control Severance Plan. The key change in the updated plan is the removal of the equity portion of a participant's annual bonus from the calculation of severance benefits. All other substantive aspects of the prior plan remain unchanged. The company has filed this update as an exhibit to its Form 8-K filing. The plan, effective April 7, 2026, details provisions for severance benefits in cases of qualifying terminations, including provisions for severance pay, accelerated vesting of equity awards, prorated bonuses, and COBRA payments. It also outlines procedures for claims, appeals, and amendment or termination of the plan, emphasizing that amendments adversely affecting participants' benefits require their written consent.