Director Judy C. Odom to Retire at End of Term; Leggett & Platt Amends Executive Stock Unit Program

LEGGETT & PLATT INC

Judy C. Odom, lead independent director since 2020, to retire at end of term in May 2023 after 20+ years board service.
Committee amended the 2005 Executive Stock Unit Program effective Jan 1, 2023, affecting named executive officers including Glassman, Dolloff, Tate, Henderson, Douglas.
Key changes: added Retirement definition (age+service >=70), simplified Disability definition, changed performance metric from ROCE to primary metric under Key Officers Incentive Plan.
ESU now requires settlement of Section 16 officers' stock units in common stock (not cash) and prohibits elections during blackout periods.

item 5.02 item 9.01

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Departed

Judy C. Odom

Lead Independent Director

LEG · LEGGETT & PLATT INC

Filed: November 21, 2022, 6:59 PM ET

On November 16, 2022, Judy C. Odom notified the Company of her decision to retire as a director of the Company effective at the end of her current elected term, which is the date of the Company’s next annual meeting of shareholders currently expected to be held in May 2023.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Judy C. Odom departed as Lead Independent Director at LEGGETT & PLATT INC.

Action: retire
Role: Lead Independent Director

Exact text from the filing

On November 16, 2022, Judy C. Odom notified the Company of her decision to retire as a director of the Company effective at the end of her current elected term, which is the date of the Company’s next annual meeting of shareholders currently expected to be held in May 2023.

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Source: SEC EDGAR

accession 0001193125-22-289927

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