Leggett & Platt appoints Benjamin M. Burns as CFO, replacing Jeffrey L. Tate

LEGGETT & PLATT INC

Benjamin M. Burns appointed EVP and CFO effective June 21, 2023, replacing Jeffrey L. Tate.
Jeffrey L. Tate terminated without cause; separation package includes $418K cash payment, bonus, RSUs, COBRA, and vacation.
Burns' annual base salary increased to $500K, incentive target raised to 80%, and LTI multiple increased to 200%.
Burns is a 20-year Leggett veteran, previously EVP Business Support Services, and holds CPA and CFE credentials.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Jeffrey L. Tate

Chief Financial Officer

LEG · LEGGETT & PLATT INC

Effective: 2023-06-21
Successor: Benjamin M. Burns
Filed: June 22, 2023, 7:59 PM ET

the departure of Jeffrey L. Tate from such position

Appointed

Benjamin M. Burns

Executive Vice President and Chief Financial Officer

LEG · LEGGETT & PLATT INC

Effective: 2023-06-21
Filed: June 22, 2023, 7:59 PM ET

On June 21, 2023, the Company’s Board of Directors appointed Benjamin M. Burns, age 45, as Executive Vice President and Chief Financial Officer, effective immediately

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey L. Tate departed as Chief Financial Officer at LEGGETT & PLATT INC.

Action: departed
Role: Chief Financial Officer

Exact text from the filing

the departure of Jeffrey L. Tate from such position

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Benjamin M. Burns was appointed as Executive Vice President and Chief Financial Officer at LEGGETT & PLATT INC.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On June 21, 2023, the Company’s Board of Directors appointed Benjamin M. Burns, age 45, as Executive Vice President and Chief Financial Officer, effective immediately

View on SEC.gov

LEGGETT & PLATT INC filing history →

Source: SEC EDGAR

accession 0001193125-23-172569

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