Leggett & Platt Announces Retirement of EVP Steven K. Henderson and Succession Plan

LEGGETT & PLATT INC

Steven K. Henderson, EVP, will retire on April 1, 2024; R. Samuel Smith Jr. succeeds him as SVP, President – Furniture, Flooring & Textile Products.
CEO J. Mitchell Dolloff will oversee the Specialized Products segment on an interim basis starting April 2, 2024.
Compensation changes: Benjamin M. Burns' base salary increased to $550,000; CEO Dolloff's 2024 KOIP target raised to 135%; Burns' LTI multiple increased to 200%.
2024 PSU and RSU grants: Dolloff received 152,381 target PSUs and 101,587 RSUs; Burns received 32,535 target PSUs and 21,690 RSUs.
The Board amended the Key Officers Incentive Plan to include an Incentive Compensation Recovery Policy effective February 26, 2024.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change (interim)

J. Mitchell Dolloff

President and Chief Executive Officer

LEG · LEGGETT & PLATT INC

Effective: 2024-04-02
Filed: February 28, 2024, 6:59 PM ET

J. Mitchell Dolloff, the Company’s President and Chief Executive Officer will oversee the Specialized Products segment on an interim basis, beginning April 2, 2024.

Departed

Steven K. Henderson

Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products

LEG · LEGGETT & PLATT INC

Effective: 2024-04-01
Successor: R. Samuel Smith, Jr.
Filed: February 28, 2024, 6:59 PM ET

On February 26, 2024, Steven K. Henderson, the Company’s Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products, notified the Company of his decision to retire from the Company, effective April 1, 2024.

Appointed

R. Samuel Smith, Jr.

Senior Vice President, President – Furniture, Flooring & Textile Products

LEG · LEGGETT & PLATT INC

Effective: 2024-04-02
Filed: February 28, 2024, 6:59 PM ET

R. Samuel Smith, Jr., age 56, will succeed Mr. Henderson as Senior Vice President, President – Furniture, Flooring & Textile Products, effective April 2, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.9

J. Mitchell Dolloff changed role as President and Chief Executive Officer at LEGGETT & PLATT INC.

Action: assumed interim oversight of Specialized Products segment
Role: President and Chief Executive Officer

Exact text from the filing

J. Mitchell Dolloff, the Company’s President and Chief Executive Officer will oversee the Specialized Products segment on an interim basis, beginning April 2, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Steven K. Henderson retired as Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products at LEGGETT & PLATT INC.

Action: retired
Role: Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products

Exact text from the filing

On February 26, 2024, Steven K. Henderson, the Company’s Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products, notified the Company of his decision to retire from the Company, effective April 1, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

R. Samuel Smith, Jr. was appointed as Senior Vice President, President – Furniture, Flooring & Textile Products at LEGGETT & PLATT INC.

Action: appointed
Role: Senior Vice President, President – Furniture, Flooring & Textile Products

Exact text from the filing

R. Samuel Smith, Jr., age 56, will succeed Mr. Henderson as Senior Vice President, President – Furniture, Flooring & Textile Products, effective April 2, 2024.

View on SEC.gov

LEGGETT & PLATT INC filing history →

Source: SEC EDGAR

accession 0001193125-24-050650

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