Leggett & Platt shareholders approve amended stock plan, elect eight directors
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.
Key points
- 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
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 09, 2025.
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