8-K
filed May 8, 2023, 7:59 PM ET
ticker LEG
CIK 0000058492
other material
confidence high
sentiment neutral
materiality 0.40
Leggett & Platt elects Glassman as Chairman, Brunner as Lead Director; annual meeting votes pass
LEGGETT & PLATT INC
- Karl G. Glassman elected Chairman of the Board; Robert E. Brunner elected Lead Director, both effective until 2024 annual meeting.
- Glassman received 4,656 restricted shares (standard) plus 4,365 shares for Chairman role; Brunner received 873 RSUs for Lead Director.
- Annual cash retainer for non-management directors increased from $90,000 to $100,000; Glassman will receive $100k quarterly starting July 2023.
- At the May 4, 2023 annual meeting, all 11 director nominees elected; say-on-pay approved with 94.0M for vs 4.4M against; frequency set to 1 year.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Karl G. Glassman was elected as Chairman of the Board at LEGGETT & PLATT INC.
- Action
- elected
- Role
- Chairman of the Board
Exact text from the filing
the Board of Directors elected Karl G. Glassman to serve as Chairman of the Board
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Karl G. Glassman retired as Executive Officer at LEGGETT & PLATT INC.
- Action
- retired
- Role
- Executive Officer
Exact text from the filing
Mr. Glassman retired as an executive officer of the Company on May 4, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Robert E. Brunner was elected as Lead Director at LEGGETT & PLATT INC.
- Action
- elected
- Role
- Lead Director
Exact text from the filing
Robert E. Brunner to serve as Lead Director
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEGGETT & PLATT INC shareholders approved Advisory vote on the frequency of future advisory votes on named executive officer compensation (Say-on-Pay frequency) at the 2023-05-04 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-04
Exact text from the filing
The advisory vote concerning the frequency of future Say-on-Pay votes on named executive officer compensation consisted of the following: Every 1 YEAR Every 2 YEARS Every 3 YEARS ABSTAIN BROKER NON-VOTE 94,048,053 425,908 2,582,129 2,075,322 18,085,473
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEGGETT & PLATT INC shareholders approved Ratification of Audit Committee’s selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-04 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-04
Exact text from the filing
The ratification of the Audit Committee’s selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved with the following vote: FOR AGAINST ABSTAIN BROKER NON-VOTE 115,869,165 1,226,393 121,327 N/A
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEGGETT & PLATT INC shareholders approved Advisory vote to approve named executive officer compensation (Say-on-Pay) at the 2023-05-04 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-04
Exact text from the filing
The advisory vote to approve the Company’s named executive officer compensation package as described in the “Executive Compensation and Related Matters” section of the Company’s Proxy Statement (commonly known as “Say-on-Pay”) consisted of the following: FOR AGAINST ABSTAIN BROKER NON-VOTE 93,988,745 4,408,084 734,583 18,085,473
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
LEGGETT & PLATT INC shareholders approved Election of eleven directors at the 2023-05-04 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-04
Exact text from the filing
All eleven nominees for director listed in the Proxy Statement were elected to hold office until the 2024 Annual Meeting of Shareholders, or until their successors are elected and qualified, with the following vote: DIRECTOR NOMINEE FOR AGAINST ABSTAIN BROKER NON-VOTE Angela Barbee 97,626,631 1,342,417 162,364 18,085,473 Mark A. Blinn 97,481,358 1,485,205 164,849 18,085,473 Robert E. Brunner 94,992,386 3,979,002 160,024 18,085,473 Mary Campbell 95,268,520 3,561,184 301,708 18,085,473 J. Mitchell Dolloff 95,828,173 2,876,765 426,474 18,085,473 Manuel A. Fernandez 93,220,559 5,605,932 304,921 18,085,473 Karl G. Glassman 93,802,373 5,173,692 155,347 18,085,473 Joseph W. McClanathan 90,708,965 8,122,793 299,654 18,085,473 Srikanth Padmanabhan 95,415,447 3,550,650 165,315 18,085,473 Jai Shah 97,874,851 1,086,549 170,012 18,085,473 Phoebe A. Wood 92,146,272 6,579,240 405,900 18,085,473
View on SEC.gov
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