secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2024-05-21T23:59:59+00:00
Accession:  0001193125-24-143324
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312524143324/0001193125-24-143324-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312524143324/d839757d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-143324

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