secwatch.observer — SEC 8-K summary
======================================

Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2022-11-21T23:59:59+00:00
Accession:  0001193125-22-289927
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312522289927/0001193125-22-289927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312522289927/d315431d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-289927

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer