Every material Form 8-K Leggett & Platt has filed with the SEC since April 02, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Leggett & Platt completed its merger on August 26, 2026, with Somnigroup-linked parent Sparrow Unity Corporation. Each Leggett share was converted into 0.1455 shares of Parent common stock, and the company asked the NYSE to withdraw its listing, so shareholders now hold Parent shares rather than Leggett stock.
Each share of Leggett common stock converted into 0.1455 shares of Parent common stock, with cash paid in lieu of fractional shares
Credit Agreement repaid in full, with approximately $277,000 in aggregate obligations; commercial paper program terminated with none outstanding
Eight directors, including Karl G. Glassman and Angela Barbee, ceased to be directors at closing
NYSE asked to suspend trading and withdraw the listing; the company intends to file Form 15 to end SEC reporting
Leggett & Platt reported second-quarter 2026 trade sales of $999.7 million, down 6% from a year earlier, with reported EPS of $.33 versus $.38. Adjusted EPS rose to $.39 from $.30, helped by metal margin expansion, restructuring benefits and other items the company says mostly will not repeat. The company is being acquired by Somnigroup, and its shareholder vote is set for August 20, 2026.
Trade sales of $999.7 million, down 6%; volume down 4% and organic sales down 1%
Reported EPS of $.33 versus $.38 a year earlier; adjusted EPS of $.39 versus $.30
Second-quarter operating cash flow of $45.8 million, down from $84.0 million
Leggett & Platt shareholder approval is planned for the August 20, 2026 special meeting; 2026 guidance was withdrawn
At its May 21, 2026 annual meeting, shareholders approved an amended and restated Flexible Stock Plan that adds 4.0 million shares, extends the plan's term to May 21, 2036, and sets a $750,000 annual compensation limit for non-employee directors. Separately, CEO Karl G. Glassman gave notice on May 20, 2026 that he is terminating his aircraft time sharing agreement with a subsidiary, effective May 30, 2026, and the company says the aircraft are now expected to be sold.
Stock plan: 4.0 million more shares added; about 8.2 million available for future grant as of March 13, 2026; 96,541,944 votes for and 3,891,677 against
Say-on-pay advisory vote approved with 94,779,810 votes for and 5,660,419 against
All eight director nominees elected; PricewaterhouseCoopers LLP ratified as auditor for fiscal 2026
Aircraft time sharing agreement, dated May 20, 2024, terminated by CEO notice on May 20, 2026, effective May 30, 2026
Leggett & Platt reported first-quarter 2026 sales of $918 million, down 10% from a year earlier, with GAAP EPS of $.14 versus $.22 and adjusted EPS of $.15 versus $.24. The company withdrew its previously issued 2026 guidance because of its pending acquisition by Somnigroup International, and it will not host a conference call. For shareholders, the results show weaker demand and margin pressure, and the company no longer offers a 2026 outlook to rely on.
First-quarter sales were $918 million, down 10%; volume fell 9% and divestitures reduced sales 5%.
Adjusted EPS was $.15, down $.09 from $.24 in first quarter 2025; GAAP EPS was $.14 versus $.22.
Operating cash flow was negative $56 million, a $63 million decrease versus first quarter 2025.
2026 guidance is withdrawn; the Somnigroup merger, agreed April 13, 2026, is expected to close by year-end 2026.
Leggett & Platt signed a merger agreement under which Somnigroup International will acquire it in an all-stock transaction valued at about $2.5 billion, based on Somnigroup's April 10, 2026 closing share price. Leggett & Platt shareholders will receive 0.1455 Somnigroup shares for each share they own, and would hold about 9% of the combined company, so their future value will depend on Somnigroup's share price and the deal closing.
Exchange ratio: 0.1455 Somnigroup common shares per Leggett & Platt share, with cash only for fractional shares
Expected closing by year-end 2026, subject to Leggett & Platt shareholder approval and regulatory approvals
Outside date January 13, 2027, extendable to April 13, 2028; Leggett & Platt would pay $64 million if it accepts a superior proposal, and Somnigroup would pay $80 million if the deal fails on required approvals
On February 19, 2026, Leggett & Platt's Human Resources and Compensation Committee approved 2026 pay terms for its named executive officers, including a raise in base salary for CEO Karl G. Glassman to $1,315,000 from $1,275,000. The filing also sets 2026 incentive target percentages, performance criteria for annual cash awards, and long-term equity award multiples, and it does not report a change in officers.
Glassman's annual base salary rises to $1,315,000 from $1,275,000; CFO Benjamin M. Burns's rises to $618,000 from $600,000.
The 2026 KOIP award is weighted 65% on EBITDA and 35% on Cash Flow for corporate participants, with EBITDA threshold of $300.00 million and target of $375.00 million.
The 2026 long-term incentive award is 60% performance stock units and 40% restricted stock units; Glassman's LTI multiple is 570%.
Leggett & Platt reported fourth-quarter and full-year 2025 results on February 11, 2026. Sales fell 11% in the fourth quarter and 7% for the year, while reported EPS rose from the prior year, and full-year adjusted EPS was flat at $1.05. The company guided 2026 sales of $3.8 billion to $4.0 billion, down 1% to 6%, and adjusted EPS of $1.00 to $1.20, which is a filing-stated increase at the midpoint versus 2025.
4Q25 sales were $939 million, down 11%; 4Q25 EPS was $0.18 versus $0.10 in 4Q24, and adjusted EPS was $0.22 versus $0.21.
Full-year 2025 sales were $4.05 billion, down 7%; EPS was $1.69 versus a loss of $3.73 in 2024, and adjusted EPS was $1.05, flat.
2026 guidance: sales of $3.8–$4.0 billion and EPS of $0.92–$1.38; adjusted EPS of $1.00–$1.20.
Net debt leverage was 2.4x at year end 2025, against a long-term target of 2.0x; the company reduced debt by $376 million in 2025.
On December 27, 2025, Leggett & Platt's board and compensation committee approved retention agreements for a limited group of key managers, including four named executive officers. The payments are designed to keep leadership in place, and CEO Karl Glassman did not receive one.
CFO Benjamin Burns and EVP J. Tyson Hagale each receive $618,000, or 103% of base salary.
EVP Samuel Smith Jr. receives $540,750 (103% of base salary); General Counsel Jennifer Davis receives $630,875 (128.8%).
Payments are subject to continued employment through December 23, 2026, with full clawback if an executive leaves on or before May 29, 2026, and 50% clawback afterward until December 23, 2026.
Leggett & Platt reported third-quarter 2025 trade sales of $1.0 billion, down 6% from a year earlier, and adjusted EPS of $0.29, down $0.03. Reported EPS rose to $0.91 mainly because of an $87 million gain on the sale of its Aerospace business. The company reaffirmed the midpoint of its 2025 sales and adjusted EPS guidance and narrowed the ranges, while reducing debt by $296 million in the quarter.
Third-quarter trade sales were $1.0 billion, down 6%, with organic sales down 4% and volume down 6%.
Reported EPS was $0.91 versus $0.33 a year earlier; adjusted EPS was $0.29 versus $0.32.
2025 sales guidance narrowed to $4.0–$4.1 billion from $3.9–$4.2 billion; adjusted EPS guidance narrowed to $1.00–$1.10 from $0.95–$1.15.
Debt was reduced by $296 million in the quarter; net debt was 2.6x trailing 12-month adjusted EBITDA.
Leggett & Platt completed the sale of its Aerospace Products Group to funds advised by Tinicum Incorporated on August 29, 2025, receiving an estimated $285.8 million in cash at closing, subject to post-closing adjustments. The company also revised its full-year 2025 guidance: sales and adjusted EPS ranges were lowered, while reported EPS ranges were raised because of a $0.60 per share gain on the sale.
Estimated purchase price of $285.8 million paid in cash at closing, subject to customary post-closing adjustments
Company expects after-tax proceeds of approximately $250 million, to be used primarily to pay down debt
2025 sales guidance revised to $3.9 billion to $4.2 billion from $4.0 billion to $4.3 billion, excluding the Aerospace Products Group
2025 adjusted EPS guidance revised to $0.95 to $1.15 from $1.00 to $1.20; reported EPS guidance raised to $1.43 to $1.72 from $0.88 to $1.17
Leggett & Platt reported second-quarter 2025 sales of $1.1 billion, down 6% from a year earlier, while adjusted EPS of $0.30 rose $0.01 and reported EPS was $0.38 versus a loss of $4.39 in the prior-year quarter. The company reaffirmed its full-year sales and adjusted EPS guidance and narrowed its reported EPS range to $0.88–$1.17 from $0.85–$1.26, while reducing debt by $143 million in the quarter.
Trade sales were $1,058.0 million, down 6%, with volume down 7% on soft residential, automotive and hydraulic cylinder demand.
Adjusted EPS was $0.30 versus $0.29 a year earlier; reported EPS was $0.38 versus a loss of $4.39 in 2Q 2024, which included a $675 million non-cash goodwill impairment.
Debt was reduced by $143 million; net debt to trailing 12-month adjusted EBITDA was 3.5x, and the credit facility was reduced to $1.0 billion from $1.2 billion with maturity extended to July 2030.
Full-year 2025 sales guidance of $4.0–$4.3 billion and adjusted EPS guidance were maintained; the Aerospace business sale is expected to close this year.
Leggett & Platt entered into an amended credit agreement on July 24, 2025, reducing its senior unsecured revolving facility from $1.2 billion to $1.0 billion and extending the maturity date from September 30, 2026 to July 24, 2030. The company also cut its commercial paper program capacity from $1.2 billion to $1.0 billion, and reported $313 million of commercial paper outstanding as of July 24, 2025.
Revolving commitments reduced from $1.2 billion to $1.0 billion; accordion feature reduced from $600 million to $500 million
Maturity extended from September 30, 2026 to July 24, 2030
Leverage ratio covenant set at 3.50 to 1.00, with a temporary increase to 4.00 to 1.00 after a Material Acquisition
Mexican peso borrowing suspended pending agreement on a benchmark replacement
At its May 7, 2025 annual meeting, Leggett & Platt shareholders approved an amended and restated Flexible Stock Plan, which adds 5.0 million shares for future grant and extends the plan's term to May 7, 2035. Shareholders also re-elected all eight nominated directors and ratified PricewaterhouseCoopers LLP as auditor for 2025, with the amendments adding clawback language and limiting cash buyouts of underwater options without shareholder approval.
Stock plan amendment approved: 89,034,851 for, 4,561,241 against, 228,336 abstentions, 16,477,708 broker non-votes
Shares available for future grant rise by 5.0 million, to approximately 6.5 million as of March 7, 2025
Plan term extended one year to May 7, 2035; clawback rights clarified
All eight director nominees elected; PricewaterhouseCoopers ratified for fiscal 2025 with 108,464,258 votes for
Leggett & Platt reported first-quarter 2025 sales of $1.0 billion, down 7% from a year earlier, with diluted EPS of $0.22 versus $0.23 and adjusted EPS of $0.24 versus $0.23. The company kept its 2025 sales and adjusted EPS guidance unchanged, but now expects domestic bedding industry conditions to be more challenged and volume to fall more than previously forecast.
Q1 trade sales were $1,022.1 million, down 7% from $1,096.9 million; organic sales fell 7% and volume fell 5%.
Diluted EPS was $0.22 versus $0.23 a year earlier; adjusted EPS was $0.24 versus $0.23.
2025 guidance held at sales of $4.0–$4.3 billion and adjusted EPS of $1.00–$1.20, while expected volume decline widened to low to high-single digits from low to mid-single digits.
The company signed an agreement to sell its Aerospace business, which it expects to close this year.
Leggett & Platt signed a Share Purchase Agreement to sell its Aerospace Products Group to investment partnerships advised by Tinicum Incorporated for a cash purchase price of $285 million, subject to customary adjustments. The company expects after-tax cash proceeds of approximately $240 million and a closing in 2025, subject to conditions and regulatory approvals, and the divestiture is part of its ongoing strategic business review.
Cash purchase price of $285 million, before customary working capital and debt-type adjustments
The business had net trade sales of $190 million in 2024 and about 700 employees across seven facilities in the U.S., UK, and France
Expected after-tax cash proceeds of approximately $240 million; closing expected in 2025
Purchaser must pay a $14.25 million termination fee in certain circumstances; outside date is October 2, 2025, extendable to December 2, 2025
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