---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-046623"
form_type: "8-K"
ticker: "LEG"
cik: "0000058492"
company_name: "LEGGETT & PLATT INC"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T03:31:23.189354+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Leggett & Platt Executive Chairman Karl Glassman to retire as executive officer, remain Chairman if re-elected

## Summary
- Karl G. Glassman to retire as executive officer effective May 4, 2023; expected to serve as Chairman if re-elected.
- 2023 base salaries increased for several NEOs: EVP & CFO to $627k, EVP Bedding to $560k, EVP Specialized to $560k, SVP GC to $502k.
- Director cash retainer increased from $90k to $100k; equity retainer from $150k to $160k, effective Nov 2022.
- Bylaws amended to require additional disclosures in shareholder proposals and proxy solicitations, including Rule 14a-19 compliance.
- New severance agreement with EVP J. Tyson Hagale: 200% base salary plus bonus, 24-month benefits, non-compete.

## SEC filing metadata
- accession: 0001193125-23-046623
- form_type: 8-K
- ticker: LEG
- cik: 0000058492
- company_name: LEGGETT & PLATT INC
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58492/000119312523046623/0001193125-23-046623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58492/000119312523046623/d461901d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-046623
- JSON: https://secwatch.observer/filing/0001193125-23-046623.json
- Plain text: https://secwatch.observer/filing/0001193125-23-046623.txt

## Key facts
- Executive change
  Karl G. Glassman changed role as Executive Chairman at LEGGETT & PLATT INC.
  - Action: retire
  - Role: Executive Chairman
  source text: Karl G. Glassman, the Company’s Executive Chairman, notified the Company of his decision to retire as an executive officer of the Company, effective as of the Company’s 2023 annual meeting of shareholders which is expected to be held on May 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/58492/000119312523046623/0001193125-23-046623-index.htm
- Governance Changes
  LEGGETT & PLATT INC: The Board approved an amendment and restatement of the Company's Bylaws, adding new requirements for shareholder proposals and nominations, effective February 22, 2023 (effective 2023-02-22).
  - Change: bylaw amendment
  - Effective: 2023-02-22
  source text: On February 22, 2023, the Board of Directors of the Company, on recommendation of the Nominating, Governance and Sustainability Committee, approved an amendment to, and restatement of, the Company’s Bylaws, to be effective the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/58492/000119312523046623/0001193125-23-046623-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.