Every material Form 8-K Leggett & Platt filed with the SEC in 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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Leggett & Platt filing is on SEC EDGAR ↗. 8-K briefs of other companies →