---
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"
generated_at: "2026-05-26T00:37:30.582037+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Two directors retire; 2025 executive salaries and incentive targets set

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-042721
- JSON: https://secwatch.observer/filing/0001193125-25-042721.json
- Plain text: https://secwatch.observer/filing/0001193125-25-042721.txt

## Key facts
- Executive change
  Manuel A. Fernandez departed as Director at LEGGETT & PLATT INC.
  - Action: retire
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/0001193125-25-042721-index.htm
- Executive change
  Mark A. Blinn departed as Director at LEGGETT & PLATT INC.
  - Action: retire
  - Role: Director
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/0001193125-25-042721-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.