Leggett & Platt approves retention agreements for four named executive officers
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits 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 December 29, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.