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AI brief of an SEC Form 8-K · Leggett & Platt (LEG)

Leggett & Platt approves stock plan changes; CEO ends aircraft sharing deal

Neutral Impact 3 of 5 shareholder Written later

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.

Key points

  • 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

The filing

CompanyLeggett & Platt (LEG)
Form8-K, current report
Filed with the SECMay 22, 2026, 4:25 PM ET
Accession number0001193125-26-236979

Items reported: 1.02 Termination of Material Agreement5.02 Director / Officer Change5.07 Shareholder Vote Results

Read the filing on SEC.gov ↗

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 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.