Phoebe A. Wood departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Jai Shah departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Srikanth Padmanabhan departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Joseph W. McClanathan departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Mary Campbell departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Robert E. Brunner departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Angela Barbee departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Karl G. Glassman departed as Director at LEGGETT & PLATT INC.
“At the closing of the Merger, Karl G. Glassman, Angela Barbee, Robert E. Brunner, Mary Campbell, Joseph W. McClanathan, Srikanth Padmanabhan, Jai Shah and Phoebe A. Wood, members of the board of directors of the Company, ceased to be directors of the Company, as the surviving entity of the Merger, pursuant to the terms of the Merger Agreement.”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Approval of the Amendment and Restatement of the Company's Flexible Stock Plan at the 2026-05-21 meeting.
“The amendment and restatement of the Company’s Flexible Stock Plan was approved with the following vote:”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Advisory Vote to Approve Named Executive Officer Compensation at the 2026-05-21 meeting.
“The advisory vote to approve the Company’s named executive officer compensation package as described in the “Executive Compensation and Related Matters” section of the Company’s Proxy Statement (commonly known as “Say-on-Pay”) was approved with the following vote:”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2026-05-21 meeting.
“The ratification of the Audit Committee’s selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, was approved with the following vote:”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Election of Directors at the 2026-05-21 meeting.
“All eight nominees for director listed in the Proxy Statement were elected to hold office until the 2027 Annual Meeting of Shareholders, or until their successors are elected and qualified, with the following vote:”
Earnings Releases
LEGGETT & PLATT INC reported the first quarter ending March 31, 2026 results: revenue $918 million, EPS $.14.
“1Q sales of $918 million, a 10% decrease vs 1Q25, including a 5% decrease from divestitures • 1Q EPS of $.14, 1Q adjusted 1 EPS of $.15, a $.09 decrease vs adjusted 1 1Q25 EPS • Withdrawing previously issued 2026 guidance due to the pending acquisition by Somnigroup International”
Material Agreements
LEGGETT & PLATT INC entered into Agreement and Plan of Merger with Somnigroup International Inc. and Sparrow Unity Corporation (effective 2026-04-13).
“On April 13, 2026, Somnigroup International Inc., a Delaware corporation (“ Parent ”), and Leggett & Platt, Incorporated, a Missouri corporation (the “ Company ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among Parent, Sparrow Unity Corporation, a Missouri corporation and a direct, wholly owned subsidiary of Parent (“ Merger Sub ” and together with Parent, the “ Parent Parties ”), and the Company”
Debt Financings
LEGGETT & PLATT INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. at various pre-defined spreads maturing July 24, 2030.
“Revolving Commitments Decreased . The aggregate amount of the Lender’s commitments to make Loans under the senior unsecured Revolving Facility was decreased from $1.2 billion to $1.0 billion. (2) Maturity Date Extended . The maturity date under the Credit Agreement was extended from September 30, 2026 to July 24, 2030. (3) Decrease in Accordion Feature . The”
Manuel A. Fernandez departed as Director at LEGGETT & PLATT INC.
“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.”
Mark A. Blinn departed as Director at LEGGETT & PLATT INC.
“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.”
R. Samuel Smith, Jr. was appointed as President of the Specialized Products segment at LEGGETT & PLATT INC.
“On this same date, the Company appointed R. Samuel Smith, Jr. to serve as President of the Specialized Products segment.”
Karl G. Glassman changed role as acting, temporary segment manager of the Specialized Products segment at LEGGETT & PLATT INC.
“On February 13, 2025, Karl G. Glassman, the Company’s President and Chief Executive Officer, ceased serving as the acting, temporary segment manager of the Company’s Specialized Products segment.”
Karl G. Glassman was appointed as President and Chief Executive Officer at LEGGETT & PLATT INC.
“On May 20, 2024, the Company’s Board of Directors appointed Karl G. Glassman, age 65, as President and Chief Executive Officer, effective immediately”
J. Mitchell Dolloff resigned as President and Chief Executive Officer at LEGGETT & PLATT INC.
“the position created by the resignation of J. Mitchell Dolloff from such position”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Approval of the amendment and restatement of the Flexible Stock Plan at the 2024-05-08 meeting.
“The amendment and restatement of the Company’s Flexible Stock Plan was approved with the following vote: FOR AGAINST ABSTAIN BROKER NON-VOTE 87,582,967 3,356,910 743,692 22,649,737”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Advisory vote to approve named executive officer compensation (Say-on-Pay) at the 2024-05-08 meeting.
“The advisory vote to approve the Company’s named executive officer compensation package as described in the “Executive Compensation and Related Matters” section of the Company’s Proxy Statement (commonly known as “Say-on-Pay”) was approved with the following vote: FOR AGAINST ABSTAIN BROKER NON-VOTE 86,034,751 5,325,496 323,322 22,649,737”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Ratification of Independent Registered Public Accounting Firm at the 2024-05-08 meeting.
“The ratification of the Audit Committee’s selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024, was approved with the following vote: FOR AGAINST ABSTAIN BROKER NON-VOTE 111,954,520 2,109,436 269,350 N/A”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Election of eleven directors at the 2024-05-08 meeting.
“All eleven nominees for director listed in the Proxy Statement were elected to hold office until the 2025 Annual Meeting of Shareholders, or until their successors are elected and qualified, with the following vote:”
Earnings Releases
LEGGETT & PLATT INC reported first quarter ending March 31, 2024 results: revenue $1.1 billion, EPS $.23. Guidance reaffirmed.
“APRIL 30, 2024 LEGGETT & PLATT REPORTS 1Q RESULTS, ANNOUNCES 2Q DIVIDEND OF $.05 AND UPDATES CAPITAL ALLOCATION PRIORITIES Carthage, MO, April 30, 2024 --- · 1Q sales of $1.1 billion, a 10% decrease vs 1Q23 · 1Q EPS and adjusted 1 EPS of $.23, a decrease of $.16 vs 1Q23 · Board declared second quarter dividend of $.05 per share · Company updated capital”
Material Agreements
LEGGETT & PLATT INC amended Amendment Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders party thereto (effective 2024-03-22).
“On March 22, 2024, Leggett & Platt, Incorporated (the “ Company ,” “ us ,” or “ we ”) entered into an Amendment Agreement relating to the Fourth Amended and Restated Credit Agreement dated as of September 30, 2021, as amended December 16, 2022 (the “ Credit Agreement ”), among us, JPMorgan Chase Bank, N.A., as administrative agent (“ JPMorgan ”), and the Lenders party thereto (the “ Amendment Agreement ”).”
J. Mitchell Dolloff changed role as President and Chief Executive Officer at LEGGETT & PLATT INC.
“J. Mitchell Dolloff, the Company’s President and Chief Executive Officer will oversee the Specialized Products segment on an interim basis, beginning April 2, 2024.”
R. Samuel Smith, Jr. was appointed as Senior Vice President, President – Furniture, Flooring & Textile Products at LEGGETT & PLATT INC.
“R. Samuel Smith, Jr., age 56, will succeed Mr. Henderson as Senior Vice President, President – Furniture, Flooring & Textile Products, effective April 2, 2024.”
Steven K. Henderson retired as Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products at LEGGETT & PLATT INC.
“On February 26, 2024, Steven K. Henderson, the Company’s Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products, notified the Company of his decision to retire from the Company, effective April 1, 2024.”
Earnings Releases
LEGGETT & PLATT INC reported financial results for fourth quarter and year ending December 31, 2023.
“On February 8, 2024, Leggett & Platt, Incorporated issued a press release announcing its financial results for the fourth quarter and year ending December 31, 2023 and related matters.”
Earnings Releases
LEGGETT & PLATT INC reported preliminary financial results for the completed fourth quarter and year-end 2023.
“The Company is not otherwise updating guidance for, or reporting upon, its 2023 year-end financial results. These financial results will be released on February 8, 2024.”
Restructurings & Charges
LEGGETT & PLATT INC announced a impairment with charges of approximately $450 million affecting Bedding Products segment.
“we concluded, on January 12, 2024 that the Company will record an estimated pre-tax impairment charge of approximately $450 million related to long-lived assets (primarily the intangibles).”
Restructurings & Charges
LEGGETT & PLATT INC announced a restructuring with charges of $65 to $85 million affecting Bedding Products segment (900 to 1,100).
“Plan. These transactions are expected to be largely complete by the end of 2025. In aggregate, we expect to incur restructuring and restructuring-related costs between $65 and $85 million, of which approximately half are anticipated to be incurred in 2024 and the remainder in 2025. This includes $30 to $40 million in cash costs, the majority of”
Earnings Releases
LEGGETT & PLATT INC reported third quarter of 2023 results: revenue $1.18 billion, EPS $.39. Guidance lowered.
“3Q sales of $1.18 billion, a 9% decrease vs 3Q22 • 3Q EPS of $.39, a decrease of $.13 vs 3Q22; 3Q adjusted 1 EPS of $.36”
Benjamin M. Burns was appointed as Executive Vice President and Chief Financial Officer at LEGGETT & PLATT INC.
“On June 21, 2023, the Company’s Board of Directors appointed Benjamin M. Burns, age 45, as Executive Vice President and Chief Financial Officer, effective immediately”
Jeffrey L. Tate departed as Chief Financial Officer at LEGGETT & PLATT INC.
“the departure of Jeffrey L. Tate from such position”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Advisory vote on the frequency of future advisory votes on named executive officer compensation (Say-on-Pay frequency) at the 2023-05-04 meeting.
“The advisory vote concerning the frequency of future Say-on-Pay votes on named executive officer compensation consisted of the following: Every 1 YEAR Every 2 YEARS Every 3 YEARS ABSTAIN BROKER NON-VOTE 94,048,053 425,908 2,582,129 2,075,322 18,085,473”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Advisory vote to approve named executive officer compensation (Say-on-Pay) at the 2023-05-04 meeting.
“The advisory vote to approve the Company’s named executive officer compensation package as described in the “Executive Compensation and Related Matters” section of the Company’s Proxy Statement (commonly known as “Say-on-Pay”) consisted of the following: FOR AGAINST ABSTAIN BROKER NON-VOTE 93,988,745 4,408,084 734,583 18,085,473”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Ratification of Audit Committee’s selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2023-05-04 meeting.
“The ratification of the Audit Committee’s selection of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 was approved with the following vote: FOR AGAINST ABSTAIN BROKER NON-VOTE 115,869,165 1,226,393 121,327 N/A”
Shareholder Votes
LEGGETT & PLATT INC shareholders approved Election of eleven directors at the 2023-05-04 meeting.
“All eleven nominees for director listed in the Proxy Statement were elected to hold office until the 2024 Annual Meeting of Shareholders, or until their successors are elected and qualified, with the following vote: DIRECTOR NOMINEE FOR AGAINST ABSTAIN BROKER NON-VOTE Angela Barbee 97,626,631 1,342,417 162,364 18,085,473 Mark A. Blinn 97,481,358 1,485,205 164,849 18,085,473 Robert E. Brunner 94,992,386 3,979,002 160,024 18,085,473 Mary Campbell 95,268,520 3,561,184 301,708 18,085,473 J. Mitchell Dolloff 95,828,173 2,876,765 426,474 18,085,473 Manuel A. Fernandez 93,220,559 5,605,932 304,921 18,085,473 Karl G. Glassman 93,802,373 5,173,692 155,347 18,085,473 Joseph W. McClanathan 90,708,965 8,122,793 299,654 18,085,473 Srikanth Padmanabhan 95,415,447 3,550,650 165,315 18,085,473 Jai Shah 97,874,851 1,086,549 170,012 18,085,473 Phoebe A. Wood 92,146,272 6,579,240 405,900 18,085,473”
Robert E. Brunner was elected as Lead Director at LEGGETT & PLATT INC.
“Robert E. Brunner to serve as Lead Director”
Karl G. Glassman was elected as Chairman of the Board at LEGGETT & PLATT INC.
“the Board of Directors elected Karl G. Glassman to serve as Chairman of the Board”
Karl G. Glassman retired as Executive Officer at LEGGETT & PLATT INC.
“Mr. Glassman retired as an executive officer of the Company on May 4, 2023.”
Earnings Releases
LEGGETT & PLATT INC reported first quarter of 2023 results: revenue $1.21 billion, EPS $.39. Guidance reaffirmed.
“LEGGETT & PLATT REPORTS 1Q RESULTS Carthage, MO, May 1, 2023 — • 1Q sales of $1.21 billion, an 8% decrease vs 1Q22 • 1Q EBIT of $89 million, down $48 million vs 1Q22 • 1Q EPS of $.39, a decrease of $.27 vs 1Q22 • 2023 guidance unchanged: sales of $4.8–$5.2 billion; EPS of $1.50–$1.90”
Karl G. Glassman departed as Executive Officer at LEGGETT & PLATT INC.
“Karl G. Glassman will retire as an executive officer of the Company as of the Company’s 2023 Annual Meeting of Shareholders, which is expected to be held May 4, 2023.”
Governance Changes
LEGGETT & PLATT INC: The Board approved an amendment and restatement of the Company's Bylaws, adding new requirements for shareholder proposals and nominations, effective February 22, 2023 (effective 2023-02-22).
“On February 22, 2023, the Board of Directors of the Company, on recommendation of the Nominating, Governance and Sustainability Committee, approved an amendment to, and restatement of, the Company’s Bylaws, to be effective the same day.”
Karl G. Glassman changed role as Executive Chairman at LEGGETT & PLATT INC.
“Karl G. Glassman, the Company’s Executive Chairman, notified the Company of his decision to retire as an executive officer of the Company, effective as of the Company’s 2023 annual meeting of shareholders which is expected to be held on May 4, 2023.”
Earnings Releases
LEGGETT & PLATT INC reported financial results for the fourth quarter and year ending December 31, 2022.
“On February 6, 2023, Leggett & Platt, Incorporated issued a press release announcing its financial results for the fourth quarter and year ending December 31, 2022 and related matters.”
Debt Financings
LEGGETT & PLATT INC amended credit facility of $1,200,000,000 with JPMorgan Chase Bank, N.A. (as administrative agent) and the Lenders with Revolving Commitments at Replaced LIBOR with SOFR; added 0% floor on SOFR; ABR Spread 0.250%, Fixed Sprea maturing September 30, 2026.
“General Terms of the Credit Agreement The Credit Agreement is a multi-currency credit facility providing us the ability, from time to time, to borrow, repay and re-borrow up to $1.2 billion (subject to covenant limitations) until September 30, 2026, the maturity date, at which time our ability to borrow under the Credit Agreement will terminate. The Revolving”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.