secwatch.observer — SEC 8-K summary
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Issuer:     LEGGETT & PLATT INC (LEG)
CIK:        0000058492
Form:       8-K
Filed at:   2026-05-22T20:25:02+00:00
Accession:  0001193125-26-236979
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.02, 5.02, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Leggett & Platt shareholders approve Flexible Stock Plan amendment; CEO aircraft agreement terminated
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- Shareholders approved 4M share increase to Flexible Stock Plan, extending term to 2036 and adding $750K director compensation cap.
- CEO Karl Glassman's Aircraft Time Sharing Agreement terminated effective May 30, 2026; Company aircraft expected to be sold.
- All 8 director nominees elected, auditor ratified, and say-on-pay approved with strong support at May 21 annual meeting.
- CEO must now hold net shares from option/SAR exercises for at least one year per amended plan.
- Named executive officers include Glassman, Burns, Hagale, Smith, and Davis as eligible plan participants.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/58492/000119312526236979/0001193125-26-236979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/58492/000119312526236979/d112240d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-236979

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