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

Leggett & Platt completes merger with Somnigroup unit; LEG stock to be delisted from NYSE

Neutral Impact 5 of 5 m&a Written later

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.

Key points

  • 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

The filing

CompanyLeggett & Platt (LEG)
Form8-K, current report
Filed with the SECAug 26, 2026, 1:27 PM ET
Accession number0001193125-26-366694

Items reported: 1.02 Termination of Material Agreement2.01 Acquisition or Disposition Completed3.01 Delisting / Listing Rule Notice3.03 Change to Shareholder Rights5.01 Change in Control5.02 Director / Officer Change5.03 Bylaw / Charter Amendment

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 August 26, 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.