secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2023-06-22T23:59:59+00:00
Accession:  0001193125-23-172569
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312523172569/0001193125-23-172569-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312523172569/d511579d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-172569

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