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Leggett & Platt Announces Annual Shareholder Meeting Results

May 7, 2025  by Karen Parrish in Business Strategy, Industry   

Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the second quarter 2025. The dividend will be paid on July 15 to shareholders of record on June 13.

The Company's annual meeting of shareholders was held this morning. Shareholders elected as directors the eight nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2025; 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.

As previously reported, effective prior to the annual meeting, Manuel Fernandez and Mark Blinn retired from the Board of Directors. They informed the Company of their decision to retire on Feb 25. As a result, the Board reduced the number of directors from ten to eight.

Karl Glassman, board chairman, president & CEO, commented, "On behalf of the Company, I would like to thank Manny and Mark for their service to Leggett. Manny, as a long-time director, has significantly contributed to the Company with his insightful guidance and unwavering commitment. Since joining the Board in 2019, Mark has offered invaluable insights that have greatly benefited the Company."

Independent Lead Director, Bob Brunner, stated, "The entire Board of Directors would like to express our sincere gratitude to Manny and Mark for their exemplary service to the Company and wish them all the best.  The eight directors elected today are equipped with the necessary experience and skills to provide ongoing effective oversight and guidance."

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