secwatch.observer — SEC 8-K summary
======================================

Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2024-02-28T23:59:59+00:00
Accession:  0001193125-24-050650
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312524050650/0001193125-24-050650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312524050650/d780099d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-050650

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