{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-042721","form_type":"8-K","ticker":"LEG","cik":"0000058492","company_name":"LEGGETT & PLATT INC","filed_at":"2025-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.057790+00:00","generated_at":"2026-05-26T00:37:30.582037+00:00","sec_items":["5.02","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Two directors retire; 2025 executive salaries and incentive targets set","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-042721","json":"https://secwatch.observer/filing/0001193125-25-042721.json","markdown":"https://secwatch.observer/filing/0001193125-25-042721.md","text":"https://secwatch.observer/filing/0001193125-25-042721.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/0001193125-25-042721-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/d916415d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-26T00:37:30.582037+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"43867d0623","claim":"Manuel A. Fernandez departed as Director at LEGGETT & PLATT INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/0001193125-25-042721-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"e1149ce6d3","claim":"Mark A. Blinn departed as Director at LEGGETT & PLATT INC.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/0001193125-25-042721-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"retire"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}