secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2024-11-01T23:59:59+00:00
Accession:  0001193125-24-249837
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt amends deferred comp program to eliminate stock options as investment alternative starting 2025
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- Stock options removed as deferral investment option from 2025 onward; previously granted options remain outstanding.
- Named executive officers (CEO Glassman, CFO Burns, etc.) affected; deferrals now limited to Stock Units (20% discount) or Cash Deferrals.
- Stock Units earn dividend equivalents; Cash Deferral interest rate set by CFO until Committee determines otherwise.
- Company retains right to settle option exercises or stock units in cash if sufficient shares unavailable under Flexible Stock Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312524249837/0001193125-24-249837-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312524249837/d826642d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-249837

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