Somnigroup (SGI) seals $2.3B Leggett & Platt takeover, leaving its former holders with a stake in the new company

Rhea-AI Filing Summary

Somnigroup International Inc. (SGI) completed its all-stock acquisition of Leggett & Platt, Incorporated, making Leggett & Platt a wholly owned subsidiary. Each Leggett & Platt share was converted into the right to receive 0.1455 Somnigroup shares, with cash in lieu of fractional shares, in a transaction valued at approximately $2.3 billion including existing indebtedness. Former Leggett & Platt shareholders now own about 9% of the combined company on a fully diluted basis.

Somnigroup reports that the deal reduces its net financial leverage by about 0.2x to roughly 2.8x adjusted EBITDA and has increased its annual run-rate synergy target to $75 million from an initial $50 million. About $1.5 billion of Leggett & Platt senior notes remain outstanding as a direct obligation, and Somnigroup expects approximately $50 million in annual non-cash fair value expense affecting cost of goods sold and $10 million in annual non-cash expense from the fair value adjustment of acquired bonds, both anticipated to be treated as financial adjustments under its credit facility. Leggett & Platt will be a new reporting segment, and Tyson Hagale has been appointed President of Leggett & Platt.

Positive

• Net leverage reduced to ~2.8x adjusted EBITDA, an improvement of about 0.2x, moving Somnigroup closer to its target range of 2.0–3.0x by year-end.
• Somnigroup has raised expected annual run-rate synergies to $75 million, up from an initial $50 million estimate, signaling higher anticipated combination benefits.
• The all-stock acquisition valued at approximately $2.3 billion adds a highly cash-generative business and expands Somnigroup’s global manufacturing footprint and vertical integration.

Negative

• Somnigroup assumes responsibility for $1.5 billion of Leggett & Platt senior notes, increasing its consolidated debt obligations.
• The acquisition is expected to create about $50 million in annual non-cash fair value expense in cost of goods sold and $10 million in annual non-cash bond-related expense, weighing on reported GAAP results.

Filing Explained

The merger also converted uncompleted performance awards using maximum-performance assumptions; some former employees’ awards will settle only in cash.

Beyond the merger terms already disclosed, Somnigroup says outstanding Leggett & Platt equity awards were converted into Somnigroup awards or merger consideration, while deferred-plan stock units became notional cash investments.

For performance awards whose periods had not ended at closing, the converted award share count was determined assuming maximum performance; awards with completed periods used actual performance. Converted options and restricted stock units held by people no longer employed or in service at closing will settle solely in cash based on Somnigroup’s closing share price at the applicable exercise or settlement date.

The filing says the acquired business’s financial statements and the required pro forma information remain pending and will be filed by amendment no later than 71 calendar days after the date on which this filing was required to be filed.

8-K Event Classification

4 items: 2.01, 2.03, 7.01, 9.01

4 items

Item 2.01 Completion of Acquisition or Disposition of Assets Financial

The company completed a significant acquisition or sale of business assets.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Exchange Ratio: 0.1455 shares of Somnigroup common stock per Leggett & Platt share Transaction Value: approximately $2.3 billion Former Leggett & Platt Ownership: approximately 9% +5 more

8 metrics

Exchange Ratio 0.1455 shares of Somnigroup common stock per Leggett & Platt share Conversion rate for each Leggett & Platt common share at the Merger Effective Time

Transaction Value approximately $2.3 billion All-stock combination value based on Somnigroup’s August 25, 2026 closing price, inclusive of indebtedness

Former Leggett & Platt Ownership approximately 9% Portion of the combined company owned by former Leggett & Platt shareholders on a fully diluted basis

Net Leverage approximately 2.8 times adjusted EBITDA Somnigroup’s net financial leverage at close, reduced by about 0.2x by the transaction

Target Leverage Range 2.0 to 3.0 times adjusted EBITDA Somnigroup’s stated target leverage range it expects to approach by year-end

Run-Rate Synergies $75 million annually Updated annual run-rate synergy target, increased from $50 million

Leggett & Platt Notes Outstanding $1.5 billion Aggregate principal of Leggett & Platt’s senior notes due 2027, 2029 and 2051 remaining after the Merger

Annual Non-Cash Fair Value Expense (Business) approximately $50 million per year Expected non-cash expense from fair valuing the acquired Leggett & Platt business, impacting cost of goods sold

Key Terms

Exchange Ratio, run-rate synergies, adjusted EBITDA, non-cash expense, +2 more

6 terms

Exchange Ratio financial

"was automatically converted into the right to receive 0.1455 shares (the "Exchange Ratio")"

The exchange ratio is the number used to decide how many shares of one company you get for each share you own in another company during a merger or acquisition. It’s like a recipe that tells you how to swap shares fairly, ensuring both companies’ values are balanced. This ratio matters because it determines how ownership divides between the companies' shareholders.

run-rate synergies financial

"The Company has identified $75 million in annual run-rate synergies, up from its initial estimate"

Run-rate synergies are the estimated steady annual savings or additional revenue a company expects once cost cuts and revenue enhancements from a merger or restructuring are fully in place; think of it as the new normal speed after a car finishes accelerating. Investors care because these numbers quantify the deal’s payoff, influence future profit forecasts and valuation, and reveal how quickly and realistically the company can turn the combination into lasting financial benefit.

adjusted EBITDA financial

"Reduces Net Leverage to Approximately 2.8 Times Adjusted EBITDA at Close"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

non-cash expense financial

"expects to incur approximately $50 million of annualized non-cash expense from the adjustment to fair value"

Deferred Compensation Plans financial

"under the Deferred Compensation Program and, together with the ESUP, the "Deferred Compensation Plans""

Deferred compensation plans are arrangements where employees or executives agree to receive part of their pay at a later date instead of immediately, like putting a portion of a paycheck into a locked savings account to be paid out in the future. For investors, these plans matter because they create future payment obligations for the company and shape management's incentives and retention; large deferred payouts can affect a firm’s reported financial health and cash needs down the road.

senior notes financial

"Leggett & Platt's 3.50% Senior Notes due 2027, 4.40% Senior Notes due 2029 and 3.50% Senior Notes due 2051"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

FAQ

What did Somnigroup (SGI) announce in this 8-K?

Somnigroup completed its all-stock acquisition of Leggett & Platt, making it a wholly owned subsidiary, assumed $1.5 billion of senior notes, raised synergy targets to $75 million annually, and appointed Tyson Hagale as President of Leggett & Platt.

What are the financial terms of Somnigroup’s acquisition of Leggett & Platt?

Each Leggett & Platt share was converted into 0.1455 Somnigroup shares in an all-stock transaction valued at about $2.3 billion, including Leggett & Platt’s existing indebtedness. Former Leggett & Platt shareholders now own approximately 9% of the combined company on a fully diluted basis.

How does the Leggett & Platt acquisition affect Somnigroup’s leverage?

Somnigroup states the transaction reduced its net financial leverage by approximately 0.2x to about 2.8x adjusted EBITDA, and it aims to move toward the midpoint of its 2.0–3.0x target leverage range by year-end.

What synergy expectations does Somnigroup (SGI) have from this deal?

Somnigroup has identified $75 million in annual run-rate synergies from the combination with Leggett & Platt, an increase from its initial estimate of $50 million. Further detail on synergy realization is expected on a business update call.

What ongoing debt and non-cash expenses arise from the Leggett & Platt acquisition for SGI?

After closing, $1.5 billion of Leggett & Platt senior notes remain outstanding. Somnigroup expects about $50 million in annual non-cash fair value expense impacting cost of goods sold and $10 million in annual non-cash expense from fair valuing acquired bonds.

Who will lead Leggett & Platt within Somnigroup after the transaction?

Tyson Hagale has been appointed President of Leggett & Platt, effective immediately, and will report to Karl Glassman, Chief Executive Officer of Leggett & Platt. He will oversee all of Leggett & Platt’s operations.

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Available on EDGAR 08/26/2026 - 12:42 PM Accepted by SEC EDGAR 08/26/2026 - 12:41 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 26, 2026

SOMNIGROUP INTERNATIONAL INC.

(Exact name of registrant as specified in its charter)

Delaware			001-31922			33-1022198
(State or other jurisdiction of incorporation)			(Commission File Number)			(I.R.S. Employer Identification No.)

100 Crescent Ct. Suite 700

Dallas, Texas  75201

(Address of principal executive offices) (Zip Code)

(800) 878-8889

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of exchange on which registered
Common Stock, $0.01 par value			SGI			New York Stock Exchange

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.01. Completion of Acquisition or Disposition of Assets.

On August 26, 2026, Somnigroup International Inc., a Delaware corporation (the "Company") and Sparrow Unity Corporation, a Missouri corporation and a direct, wholly owned subsidiary of the Company ("Merger Sub"), consummated the previously announced acquisition of Leggett & Platt, Incorporated, a Missouri corporation ("Leggett & Platt"), pursuant to the Agreement and Plan of Merger dated as of April 13, 2026 (the "Merger Agreement"), by and among the Company, Merger Sub and Leggett & Platt. Under the Merger Agreement, Merger Sub merged with and into Leggett & Platt (the "Merger") with Leggett & Platt surviving and becoming a direct, wholly owned subsidiary of the Company (the "Surviving Corporation").

At the effective time of the Merger ("Effective Time"), each share of Leggett & Platt common stock, par value $0.01 per share, (the "Leggett & Platt common stock") issued and outstanding immediately prior to the Effective Time (other than shares of Leggett & Platt common stock held, directly or indirectly, by Leggett & Platt (as treasury shares or otherwise), any Leggett & Platt subsidiary, or by the Company or any Company subsidiary, in each case, immediately prior to the Effective Time, were automatically cancelled, and other than dissenting shares) was automatically converted into the right to receive 0.1455 shares (the "Exchange Ratio") of the Company's common stock, par value $0.01 per share, ("Somnigroup common stock"), with cash paid in lieu of any fractional shares, if applicable (the "Merger Consideration").

The Somnigroup common stock was registered under the Securities Act of 1933, as amended (the "Securities Act"), pursuant to the Company's registration statement on Form S-4 (File No. 333-296998), declared effective by the Securities and Exchange Commission (the "SEC") on July 9, 2026.

Pursuant to the Merger Agreement, as of the Effective Time, (i) each outstanding restricted share of Leggett & Platt common stock fully vested and was converted into the right to receive the Merger Consideration, (ii) each outstanding option to acquire shares of Leggett & Platt common stock (a "Leggett & Platt Option") was assumed by the Company and converted into an option to acquire shares of Somnigroup common stock (a "Somnigroup Option"), with the number of shares of Somnigroup common stock and exercise price per share of Somnigroup common stock adjusted based on the Exchange Ratio, (iii) each outstanding restricted stock unit award covering shares of Leggett & Platt common stock (a "Leggett & Platt RSU Award"), other than a Leggett & Platt RSU Award issued under Leggett & Platt's 2005 Executive Stock Unit Program (the "ESUP") and Leggett & Platt's Deferred Compensation Program (the "Deferred Compensation Program" and, together with the ESUP, the "Deferred Compensation Plans"), was assumed by the Company and converted into a restricted stock unit award with respect to shares of Somnigroup common stock (a "Somnigroup RSU Award"), with the number of shares of Somnigroup common stock adjusted based on the Exchange Ratio, (iv) each outstanding performance stock unit award covering shares of Leggett & Platt common stock (a "Leggett & Platt PSU Award") for which the performance period had not yet ended was assumed by the Company and converted into a Somnigroup RSU Award, with the number of shares of Somnigroup common stock determined assuming that the applicable performance metrics were settled at the maximum level of performance and adjusted based on the Exchange Ratio, (v) each outstanding Leggett & Platt PSU Award for which the performance period had ended was converted to the right to receive the Merger Consideration with respect to the number of shares of Leggett & Platt common stock earned based on actual performance achieved during the performance period, and (vi) each outstanding Leggett & Platt stock unit that tracked Leggett & Platt common stock held in participant accounts under the Deferred Compensation Plans were converted into notional cash investments based on the average closing price of Leggett & Platt common stock for the five trading days immediately prior to the closing date of the Merger. Any converted Somnigroup Option or Somnigroup RSU Award held by an individual who was not employed by or in service with Leggett & Platt or its subsidiaries at the Effective Time will be settled solely in cash based on the closing price of Somnigroup common stock on the applicable exercise or settlement date.

The foregoing summary of the Merger Agreement and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement, a copy of which was filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with the SEC on April 13, 2026 and is incorporated herein by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

Following the completion of the Merger, $1.5 billion in aggregate principal amount of Leggett & Platt's 3.50% Senior Notes due 2027, 4.40% Senior Notes due 2029 and 3.50% Senior Notes due 2051 (collectively, the "Leggett & Platt Notes"), remain outstanding, in each case, under the applicable indenture pursuant to which such series of Leggett & Platt Notes was issued. Each series of Leggett & Platt Notes is payable in accordance with its original terms on the dates and in the manner provided for in such applicable indenture.

The indentures pursuant to which the Leggett & Platt Notes were issued have not been filed herewith pursuant to Item 601(b)(4)(v) of Regulation S-K under the Securities Act. The Company agrees to furnish a copy of such indentures to the Commission upon request

Item 7.01. Regulation FD Disclosure.

On August 26, 2026, the Company issued a press release announcing the closing of the Merger and a press release announcing the appointment of Tyson Hagale as President of Leggett & Platt. A copy of each press release is furnished herewith as Exhibits 99.1 and 99.2 and each press release is incorporated by reference into this Item 7.01.

The information disclosed pursuant to this Item 7.01 (including Exhibit 99.1 and Exhibit 99.2) shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liability of that section and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in any such filing.

Item 9.01. Financial Statements and Exhibits.

(a) Financial Statements of Business Acquired.

The financial statements required to be filed under Item 9.01(a) of this Current Report on Form 8-K will be filed by amendment to this Current Report on Form 8-K no later than 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.

(b) Pro Forma Financial Information.

The pro forma financial information required to be filed under Item 9.01(b) of this Current Report on Form 8-K will be filed by amendment to this Current Report on Form 8-K no later than 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.

(d) Exhibits.

Exhibit						Description
2.1+						Agreement and Plan of Merger, dated April 13, 2026, by and among Somnigroup International Inc., Sparrow Unity Corporation and Leggett & Platt, Incorporated (filed as Exhibit 2.1 to the Registrant's Current Report on Form 8-K as filed on April 13, 2026).
99.1						Press Release dated August 26, 2026 titled "Somnigroup Completes Combination with Leggett & Platt".
99.2						Press Release dated August 26 titled "Somnigroup International Announces New President of Leggett & Platt".
104						Cover page interactive data file (embedded within the Inline XBRL document)

+ Pursuant to Item 601(a)(5) of Regulation S-K, schedules and similar attachments to this exhibit have been omitted because they do not contain information material to an investment or voting decision and such information is not otherwise disclosed in such exhibit. The Company will supplementally provide a copy of any omitted schedule or similar attachment to the U.S. Securities and Exchange Commission or its staff upon request.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:  August 26, 2026

			Somnigroup International Inc.
			By:			/s/ Bhaskar Rao
			Name:			Bhaskar Rao
			Title:			Executive Vice President & Chief Financial Officer

Somnigroup Completes Combination with Leggett & Platt

- Strengthens Global Platform, Deepens Vertical Integration and Expands Component Engineering Expertise

-Reduces Net Leverage to Approximately 2.8 Times Adjusted EBITDA at Close

-Upsizes Annual Run-Rate Synergy Target to $75 Million, Up from Initial $50 Million Estimate

- Hosting Business Update Call on September 2, 2026

DALLAS, TX, August 26, 2026 – Somnigroup International Inc. (NYSE: SGI, "Company" or "Somnigroup") today announced that it has completed its previously announced combination with Leggett & Platt, Incorporated ("Leggett & Platt"), a diversified manufacturer of engineered components and products.

The combined company today operates over 170 manufacturing facilities across 37 countries worldwide and is supported by a global workforce of more than 36,000 colleagues.

Chairman and CEO Scott Thompson said, "Today marks an exciting milestone for Somnigroup as we complete the combination with Leggett & Platt. Building on nearly 50 years of collaboration, we are bringing together complementary businesses with shared values and a commitment to customer service and product innovation. By combining Leggett & Platt's engineering expertise and manufacturing capabilities with Somnigroup's global scale and industry-leading brands, we are fortifying our foundation for future growth and long-term value creation. The addition of Leggett & Platt deepens our vertical integration, secures a critical part of our supply chain, and adds a highly cash-generative business to our portfolio. We thank the employees of both organizations for their dedication and support throughout this process, as well as our suppliers, advisors, and shareholders for their continued partnership and confidence in our team."

Leggett & Platt Chairman and CEO Karl Glassman said, "For more than 140 years, Leggett & Platt has earned its reputation through engineering excellence, operational discipline, and an unwavering commitment to our customers, and I am incredibly proud of our teams for building that legacy. Joining Somnigroup gives our business the scale and resources to reach new markets and new opportunities, and I am confident this combination creates a stronger future for our employees, our customers, and the industry we have served for generations."

Financial Terms of the Acquisition

The combination was an all-stock transaction valued at approximately $2.3 billion based on Somnigroup’s closing share price on August 25, 2026 and inclusive of Leggett & Platt's existing indebtedness. Leggett & Platt shareholders received 0.1455 shares of Somnigroup common stock in exchange for each share of Leggett & Platt common stock they owned. Upon completion of the transaction, former Leggett & Platt shareholders own approximately 9% of the combined company on a fully diluted basis.

Financial Impact

The transaction has reduced Somnigroup’s net financial leverage by approximately 0.2 times, and Somnigroup expects to further reduce its leverage towards the midpoint of its target leverage range of 2.0 to 3.0 times adjusted EBITDA by year-end. The Company has identified $75 million in annual run-rate synergies, up from its initial estimate of $50 million, and expects to provide further detail on synergy realization on its business update call.

Leggett & Platt's financial results will be presented as a new reporting segment within the Somnigroup business. Leggett & Platt's sales to Somnigroup's other reporting segments will be eliminated, with no impact to reported Leggett & Platt segment profits. Additionally, consistent with prior expectations and in accordance with GAAP, Somnigroup expects to incur approximately $50 million of annualized non-cash expense from the adjustment to fair value of the acquired Leggett & Platt business, which will primarily impact cost of goods sold, and Somnigroup expects to incur approximately $10 million of annualized non-cash expense from the adjustment to fair value of the acquired Leggett & Platt bonds, which will impact interest expense. The Company anticipates these non-cash items will be financial adjustments in accordance with the terms of its credit facility.

Goldman Sachs & Co. LLC is serving as exclusive financial advisor and Cleary Gottlieb Steen & Hamilton LLP is serving as legal counsel to Somnigroup. J.P. Morgan Securities LLC is serving as exclusive financial advisor and Latham & Watkins LLP is serving as legal counsel to Leggett & Platt.

Business Update Call

The Company will hold a conference call on Wednesday, September 2, 2026 at 8:00 a.m. Eastern Time to discuss the information in this release and provide a preliminary update on its future plans.

The call will be webcast and can be accessed on the Company's investor relations website at investor.somnigroup.com. After the conference call, webcast replays will remain available on the investor relations section of the Company's website for 30 days.

Forward-Looking Statements

This communication contains statements that may be characterized as "forward-looking," within the meaning of the federal securities laws. Such statements might include information concerning one or more of Somnigroup's plans, guidance, objectives, goals, strategies and other information that is not historical information. When used in this release, the words "assumes," "estimates," "expects," "guidance," "anticipates," "might," "projects," "plans," "proposed," "targets," "intends," "believes," "will," "contemplates," "outlook" and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding Somnigroup's expected future financial position, results of operations, cash flows, dividends, financing plans, business strategy, budgets, capital expenditures, competitive positions, growth opportunities, run-rate synergies, and plans and objectives of management. Any forward-looking statements contained herein are based upon current expectations and beliefs and various assumptions.

There can be no assurance that Somnigroup will realize these expectations, meet its guidance or that these beliefs will prove correct.

Numerous factors, many of which are beyond the Company's control, could cause actual results to differ materially from any that may be expressed herein as forward-looking statements. These potential risks include risks associated with Leggett & Platt's ongoing operations; the ability to successfully integrate Leggett & Platt into Somnigroup's operations and realize synergies from the transaction; the possibility that the expected benefits of the acquisition are not realized when expected or at all; general economic, financial and industry conditions, particularly conditions relating to the financial performance and related credit issues present in the retail sector, as well as consumer confidence and the availability of consumer financing; the impact of the macroeconomic environment in both the U.S. and internationally on Leggett & Platt and the Company; uncertainties arising from national and global events; industry competition; the effects of consolidation of retailers on revenues and costs; and consumer acceptance and changes in demand for Leggett & Platt's and the Company's products and the factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2025. There may be other factors that may cause the Company's actual results to differ materially from the forward-looking statements. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

About Somnigroup

Somnigroup (NYSE: SGI) is the world's leading bedding company, dedicated to transforming how the world sleeps. With superior capabilities in design, component and finished goods manufacturing, distribution and retail, we deliver breakthrough solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm, Leggett & Platt, and Dreams.

Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy's®, enhanced by Leggett & Platt's diversified component engineering expertise. Our global omni-channel platform and extensive consumer touchpoints enable us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions.

Somnigroup Investor Relations Contact

Lauren Avritt

Investor Relations

Somnigroup International Inc.

Investor.relations@somnigroup.com

Somnigroup International Announces New President of Leggett & Platt

DALLAS, TX, August 26, 2026 – Somnigroup International Inc. (NYSE: SGI, “Company” or “Somnigroup”) today announced that Tyson Hagale has been appointed as President of Leggett & Platt, effective immediately. Mr. Hagale will report to Karl Glassman, Chief Executive Officer of Leggett & Platt. Mr. Hagale will have oversight responsibility for all of Leggett & Platt.

“I am delighted that Tyson has been elevated to this new role at the company,” stated Mr. Glassman. “Over the course of his 25-year career at Leggett & Platt, Tyson has attained broad experience across multiple facets of our business, including mergers and acquisitions, strategic planning, and operational leadership. During the last five years while serving as President of our Bedding Products segment, he played an instrumental role in executing a major restructuring to improve profitability in the face of industry headwinds. Tyson is well-suited to help me lead Leggett & Platt as we embark on this exciting new chapter as part of the Somnigroup family.”

“Naming Tyson as President of Leggett & Platt is reflective of Somnigroup’s deep respect for the legacy Leggett & Platt management team in general and Tyson’s accomplishments specifically,” commented Scott Thompson, Chairman and CEO of Somnigroup. “The Somnigroup team and I have worked with Tyson for many years. He is well-respected in the bedding industry and, importantly, understands the Leggett & Platt business beyond bedding. His commitment to the core values that have guided Leggett & Platt for over 100 years will ensure the continued success of the company under his enhanced leadership role.”

Mr. Hagale will be based out of Leggett & Platt's office in Carthage, Missouri.

About Somnigroup

Somnigroup (NYSE: SGI) is the world’s largest bedding company, dedicated to transforming how the world sleeps. With superior capabilities in design, component and finished goods manufacturing, distribution and retail, we deliver breakthrough sleep solutions and serve the evolving needs of consumers in more than 100 countries worldwide through our fully-owned businesses, Tempur Sealy, Mattress Firm, Leggett & Platt, and Dreams. Our portfolio includes the most highly recognized brands in the industry, including Tempur-Pedic®, Sealy®, Stearns & Foster®, and Sleepy’s®, enhanced by Leggett & Platt’s diversified component engineering expertise. Our global omni-channel platform enables us to meet consumers wherever they shop, offering a personal connection and innovation to provide a unique retail experience and tailored solutions.

Somnigroup Investor Relations Contact

Lauren Avritt

Investor Relations

Somnigroup International Inc.

Investor.relations@somnigroup.com

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 - SOMNIGROUP COMPLETES COMBINATION WITH LEGGETT & PLATT 16.1 KB
• EX-99.2 EX-99.2 - SOMNIGROUP ANNOUNCES NEW PRESIDENT OF LEGGETT & PLATT 5.9 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.8 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.3 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.8 KB