Leggett & Platt appoints Karl Glassman as President and CEO; Mitch Dolloff resigns

LEGGETT & PLATT INC

J. Mitchell Dolloff resigned immediately as President, CEO and Board member; not due to any disagreement.
Karl G. Glassman appointed President and CEO effective May 20, 2024; continues as Board Chairman.
Glassman receives $1,275,000 base salary, 135% KOIP target, and 570% LTI multiple ($4.36M PSUs, $2.91M RSUs).
Dolloff enters 12-month consulting agreement with $1,120,000 fee, prorated bonus, continued vesting of equity awards.
Aircraft time sharing agreement with Dolloff terminated in connection with his resignation.

item 1.02 item 5.02 item 7.01 item 9.01

Executive movements

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Departed

J. Mitchell Dolloff

President and Chief Executive Officer

LEG · LEGGETT & PLATT INC

Effective: 2024-05-20
Successor: Karl G. Glassman
Filed: May 21, 2024, 7:59 PM ET

the position created by the resignation of J. Mitchell Dolloff from such position

Appointed

Karl G. Glassman

President and Chief Executive Officer

LEG · LEGGETT & PLATT INC

Effective: 2024-05-20
Filed: May 21, 2024, 7:59 PM ET

On May 20, 2024, the Company’s Board of Directors appointed Karl G. Glassman, age 65, as President and Chief Executive 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

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

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

the position created by the resignation of J. Mitchell Dolloff from such position

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Karl G. Glassman was appointed as President and Chief Executive Officer at LEGGETT & PLATT INC.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On May 20, 2024, the Company’s Board of Directors appointed Karl G. Glassman, age 65, as President and Chief Executive Officer, effective immediately

View on SEC.gov

LEGGETT & PLATT INC filing history →

Source: SEC EDGAR

accession 0001193125-24-143324

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