LEGGETT & PLATT ANNOUNCES ANNUAL MEETING RESULTS

Rhea-AI Summary

Leggett & Platt held its annual meeting, electing directors, ratifying auditors, endorsing executive compensation, and approving stock plan amendments. The diversified manufacturer provides components for homes, automobiles, bedding, furniture, and aerospace.

Positive

• Leggett & Platt successfully elected directors proposed by the Board, ensuring stable leadership.

• The endorsement of executive compensation indicates shareholder confidence in the Company's management.

• Approval of the stock plan amendment shows adaptability and strategic planning for the future.

Negative

• No other proposals being voted upon may indicate new initiatives or changes in the company's direction.

News Market Reaction – LEG

-1.06%

1 alert

-1.06% News Effect

On the day this news was published, LEG declined 1.06%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CARTHAGE, Mo., May 8, 2024 /PRNewswire/ -- Leggett & Platt's annual meeting of shareholders was held this morning in Carthage, Missouri.  Shareholders elected as directors the 11 nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2024; endorsed the compensation of the Company's named executive officers; and approved the amendment and restatement of the Company's Flexible Stock Plan.  No other proposals were voted upon.

FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com.

COMPANY DESCRIPTION:  Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 141-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications; and aerospace tubing and fabricated assemblies.

CONTACT:   Investor Relations, (417) 358-8131 or invest@leggett.com
Cassie J. Branscum, Vice President, Investor Relations
Kolina A. Talbert, Manager, Investor Relations

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SOURCE Leggett & Platt Incorporated

FAQ

What is Leggett & Platt's stock symbol?

Leggett & Platt's stock symbol is LEG.

Where was Leggett & Platt's annual meeting held?

Leggett & Platt's annual meeting was held in Carthage, Missouri.

What type of products does Leggett & Platt manufacture?

Leggett & Platt manufactures a variety of components for homes, automobiles, bedding, furniture, and aerospace.