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LEGGETT & PLATT INC (LEG) 8-K Current Report: February 24, 2026

Filed: February 24, 2026
Consumer Discretionary
Household Furniture
LEGGETT & PLATT INC Overview

LEGGETT & PLATT INC (LEG) 8-K current report filed with SEC EDGAR on February 24, 2026. This page provides AI-powered analysis of reported events and material disclosures, including results of operations, corporate governance changes, agreements, and other triggering events as disclosed under Form 8-K item codes.

Reported 8-K Items
1 item

  • Item 5.02: Departure/Election of Directors or Officers

LEGGETT & PLATT INC 8-K Feb 24, 2026 Event Analysis

Item 5.02 · Departure/Election of Directors or Officers

  • • CEO Glassman base salary raised to $1,315,000 (+3.1% from $1,275,000); CFO Burns and EVP Hagale each up 3% to $618,000
  • • Davis (General Counsel) gets dual raises: KOIP target up to 75% (from 70%) and LTI multiple up to 175% (from 170%), signaling retention priority
  • • 2026 KOIP bonus targets unchanged for most executives; CEO Glassman eligible for 135% of base salary in annual cash incentive (max 200%)
  • • Corporate EBITDA target set at $375M (100% payout threshold); Cash Flow target $231.3M — both signal management's internal 2026 expectations
  • • PSU 3-year targets: EBITDA $1.214B at 100% payout, ROIC 11.1% at target; Relative TSR vs S&P 500/400 Industrials/Consumer/Materials peers applies ±25% multiplier

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