secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2025-02-28T23:59:59+00:00
Accession:  0001193125-25-042721
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Two directors retire; 2025 executive salaries and incentive targets set
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/0001193125-25-042721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312525042721/d916415d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-042721

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer