Two directors retire; 2025 executive salaries and incentive targets set

LEGGETT & PLATT INC

Directors Mark Blinn and Manuel Fernandez to retire before May 7 meeting; board reduced from 10 to 8.
CEO Glassman base salary unchanged at $1.275M; CFO Burns, Hagale, Smith, Davis salaries increased.
2025 KOIP targets: Corporate EBITDA threshold $325M, target $406M, max $508M; Cash Flow target $291M.
PSU awards: 3-year cumulative EBITDA threshold $1,066M, target $1,332M; ROIC target 10.5%.
LTI multiple for EVP Smith raised to 200% from 150%; others unchanged.

item 5.02 item 9.01

Executive movements

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

Departed

Manuel A. Fernandez

Director

LEG · LEGGETT & PLATT INC

Effective: 2025-05-07
Filed: February 28, 2025, 6:59 PM ET

On February 25, 2025, Mark A. Blinn and Manuel A. Fernandez each notified the Company of their respective decisions to retire as a director of the Company effective immediately prior to the beginning of the 2025 annual shareholder meeting, which currently is expected to be held on May 7, 2025.

Departed

Mark A. Blinn

Director

LEG · LEGGETT & PLATT INC

Effective: 2025-05-07
Filed: February 28, 2025, 6:59 PM ET

On February 25, 2025, Mark A. Blinn and Manuel A. Fernandez each notified the Company of their respective decisions to retire as a director of the Company effective immediately prior to the beginning of the 2025 annual shareholder meeting, which currently is expected to be held on May 7, 2025.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Manuel A. Fernandez departed as Director at LEGGETT & PLATT INC.

Action: retire
Role: Director

Exact text from the filing

On February 25, 2025, Mark A. Blinn and Manuel A. Fernandez each notified the Company of their respective decisions to retire as a director of the Company effective immediately prior to the beginning of the 2025 annual shareholder meeting, which currently is expected to be held on May 7, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark A. Blinn departed as Director at LEGGETT & PLATT INC.

Action: retire
Role: Director

Exact text from the filing

On February 25, 2025, Mark A. Blinn and Manuel A. Fernandez each notified the Company of their respective decisions to retire as a director of the Company effective immediately prior to the beginning of the 2025 annual shareholder meeting, which currently is expected to be held on May 7, 2025.

View on SEC.gov

LEGGETT & PLATT INC filing history →

Source: SEC EDGAR

accession 0001193125-25-042721

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