Leggett & Platt, Inc. filings document the regulatory record of a Missouri-incorporated manufacturer with common stock listed on the New York Stock Exchange under the symbol LEG. Its disclosures cover operating results for its engineered-products businesses, segment performance, annual guidance, market conditions, company initiatives, and non-GAAP measures such as adjusted EPS, adjusted EBIT, EBITDA and net debt to adjusted EBITDA.
The filing record also includes Form 8-K material-event reports, material definitive agreements, capital-structure disclosures, and executive compensation actions. Proxy materials address board and shareholder voting matters, named executive officer compensation, equity awards, governance practices and related annual meeting disclosures.
Leggett & Platt has agreed to be acquired by Somnigroup International in an all-stock merger valued at approximately $2.5 billion. Leggett & Platt shareholders will receive 0.1455 Somnigroup shares for each Leggett & Platt share and are expected to own about 9% of the combined company.
The deal, unanimously approved by both boards, is expected to close by year-end 2026, subject to Leggett & Platt shareholder and regulatory approvals. The Merger is intended to qualify as a tax-free reorganization, after which Leggett & Platt will operate as a separate business unit within Somnigroup and its stock will be delisted.
The companies highlight strategic benefits including vertical integration in bedding, expansion into non-bedding markets, expected adjusted EPS accretion before synergies, and targeted cost synergies of $50 million in annual run-rate adjusted EBITDA, with $10 million expected in the first year. Reverse and standard termination fees of $80 million and $64 million, respectively, apply under certain failure or competing-bid scenarios.
Somnigroup International Inc. announced a definitive agreement to acquire Leggett & Platt, Incorporated in an all-stock transaction valued at approximately $2.5 billion. Under the agreement, Leggett & Platt shareholders will receive 0.1455 shares of Somnigroup common stock per Leggett share, resulting in approximately 9% post-closing ownership for Leggett shareholders on a fully diluted basis. The boards of both companies approved the merger, which is expected to close by year-end 2026, subject to customary closing conditions including Leggett shareholder approval and regulatory clearances. The parties disclosed expected run-rate cost synergies of $50 million (approximately $10 million in the first 12 months) and presented combined 2025 pro forma metrics of $11.2 billion net sales, $1.7 billion adjusted EBITDA, and $1.1 billion operating cash flow. Other disclosed items include treatment of Leggett’s long-term bond debt, a GAAP fair-value non-cash adjustment estimate of $50 million to COGS and $10 million to interest expense annually, and intent to file a Form S-4 and proxy statement/prospectus.
Leggett & Platt, Incorporated is asking shareholders to vote at its virtual 2026 annual meeting on May 21, 2026. Items include electing eight directors, ratifying PricewaterhouseCoopers LLP as auditor, an advisory Say-on-Pay vote, and approving amendments to its Flexible Stock Plan.
The board highlights a refreshed, largely independent slate with a mix of industry, financial and global operating experience, and notes that five of seven independent nominees add gender and racial or ethnic diversity. Executive pay is heavily performance-based, with most CEO target compensation in variable and equity-linked elements.
The amended Flexible Stock Plan would extend the plan to 2036, add 4.0 million shares (for about 8.2 million shares available for future grants), cap non-employee director pay at $750,000 per year, and require the CEO to hold net shares from option or SAR exercises for at least one year. The company reports a three-year average equity burn rate of 1.10% and current overhang of 3.5%, which could rise to 9.47% if all authorized shares are granted.
SMITH ROBERT S JR reported acquisition or exercise transactions in this Form 4 filing.
LEGGETT & PLATT INC executive Robert S. Smith Jr., EVP and President of the Specialized and FF&T segment, reported routine equity compensation awards of common stock. He received 120.6277 shares at $8.2365 per share and 218.3062 shares at $7.7520 per share. Following these two grant awards, he directly holds 147,573.8232 shares of common stock.
LEGGETT & PLATT INC EVP and Chief HR Officer Lindsey Nicole Odaffer received a stock award of 89.107 shares of common stock on 2026-04-02 at $8.2365 per share. Following this grant, she directly holds 85,384.9104 common shares.
The filing also shows 25.1260 common shares held indirectly in a trust under the company’s retirement plan. A footnote explains this balance reflects the acquisition of 0.097 shares under the issuer’s 401(k) plan, based on a statement dated as of 3/31/2026.
LEGGETT & PLATT INC executive Ryan Michael Kleiboeker, EVP-Chief Strategic Planning Officer, received a grant of 93.7765 shares of common stock at $8.2365 per share on April 2, 2026. Following this award, he holds 110,174.6291 shares directly, plus 1,000 shares indirectly through his spouse’s IRA and 874.1340 shares held in a trust under the issuer’s retirement plan. The trust balance reflects the acquisition of 3.228 shares under the company’s 401(k) plan based on a statement dated March 31, 2026.
LEGGETT & PLATT INC executive James Tyson Hagale received two stock awards of common stock. On April 2, 2026, he acquired 136.5034 shares at $8.2365 per share and 306.6202 shares at $7.7520 per share as compensation-related grants.
After these awards, Hagale directly owned a total of 190,878.8115 shares of LEGGETT & PLATT INC common stock, reflecting routine equity-based compensation rather than open-market buying or selling.
Leggett & Platt President and CEO Karl G. Glassman reported a compensation-related stock award. He acquired 299.2412 shares of common stock on April 2, 2026 at $8.2365 per share, increasing his direct holdings to 1,159,522.6238 shares.
In addition to these direct shares, he reports indirect ownership of 514,335.0000 shares through the Glassman Living Trust and 28,894.5580 shares held in a trust under the issuer's retirement plan. A footnote notes that 106.187 shares were acquired under the issuer's 401(k) plan in transactions exempt under Rule 16b-3(c), based on a plan statement dated as of March 31, 2026.
DAVIS JENNIFER JOY reported acquisition or exercise transactions in this Form 4 filing.
Leggett & Platt executive Jennifer Joy Davis received a stock award of 112.4555 shares of Common Stock, valued at $8.2365 per share. The transaction is classified as a grant or award, not an open-market purchase. After this award, she directly holds 118,253.5304 shares of the company.