secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-046623
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312523046623/0001193125-23-046623-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312523046623/d461901d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-046623

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