Every material Form 8-K Leggett & Platt filed with the SEC in 2026, 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.
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.
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
Leggett & Platt reported second-quarter 2026 trade sales of $999.7 million, down 6% from a year earlier, with reported EPS of $.33 versus $.38. Adjusted EPS rose to $.39 from $.30, helped by metal margin expansion, restructuring benefits and other items the company says mostly will not repeat. The company is being acquired by Somnigroup, and its shareholder vote is set for August 20, 2026.
Trade sales of $999.7 million, down 6%; volume down 4% and organic sales down 1%
Reported EPS of $.33 versus $.38 a year earlier; adjusted EPS of $.39 versus $.30
Second-quarter operating cash flow of $45.8 million, down from $84.0 million
Leggett & Platt shareholder approval is planned for the August 20, 2026 special meeting; 2026 guidance was withdrawn
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.
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
Leggett & Platt reported first-quarter 2026 sales of $918 million, down 10% from a year earlier, with GAAP EPS of $.14 versus $.22 and adjusted EPS of $.15 versus $.24. The company withdrew its previously issued 2026 guidance because of its pending acquisition by Somnigroup International, and it will not host a conference call. For shareholders, the results show weaker demand and margin pressure, and the company no longer offers a 2026 outlook to rely on.
First-quarter sales were $918 million, down 10%; volume fell 9% and divestitures reduced sales 5%.
Adjusted EPS was $.15, down $.09 from $.24 in first quarter 2025; GAAP EPS was $.14 versus $.22.
Operating cash flow was negative $56 million, a $63 million decrease versus first quarter 2025.
2026 guidance is withdrawn; the Somnigroup merger, agreed April 13, 2026, is expected to close by year-end 2026.
Leggett & Platt signed a merger agreement under which Somnigroup International will acquire it in an all-stock transaction valued at about $2.5 billion, based on Somnigroup's April 10, 2026 closing share price. Leggett & Platt shareholders will receive 0.1455 Somnigroup shares for each share they own, and would hold about 9% of the combined company, so their future value will depend on Somnigroup's share price and the deal closing.
Exchange ratio: 0.1455 Somnigroup common shares per Leggett & Platt share, with cash only for fractional shares
Expected closing by year-end 2026, subject to Leggett & Platt shareholder approval and regulatory approvals
Outside date January 13, 2027, extendable to April 13, 2028; Leggett & Platt would pay $64 million if it accepts a superior proposal, and Somnigroup would pay $80 million if the deal fails on required approvals
On February 19, 2026, Leggett & Platt's Human Resources and Compensation Committee approved 2026 pay terms for its named executive officers, including a raise in base salary for CEO Karl G. Glassman to $1,315,000 from $1,275,000. The filing also sets 2026 incentive target percentages, performance criteria for annual cash awards, and long-term equity award multiples, and it does not report a change in officers.
Glassman's annual base salary rises to $1,315,000 from $1,275,000; CFO Benjamin M. Burns's rises to $618,000 from $600,000.
The 2026 KOIP award is weighted 65% on EBITDA and 35% on Cash Flow for corporate participants, with EBITDA threshold of $300.00 million and target of $375.00 million.
The 2026 long-term incentive award is 60% performance stock units and 40% restricted stock units; Glassman's LTI multiple is 570%.
Leggett & Platt reported fourth-quarter and full-year 2025 results on February 11, 2026. Sales fell 11% in the fourth quarter and 7% for the year, while reported EPS rose from the prior year, and full-year adjusted EPS was flat at $1.05. The company guided 2026 sales of $3.8 billion to $4.0 billion, down 1% to 6%, and adjusted EPS of $1.00 to $1.20, which is a filing-stated increase at the midpoint versus 2025.
4Q25 sales were $939 million, down 11%; 4Q25 EPS was $0.18 versus $0.10 in 4Q24, and adjusted EPS was $0.22 versus $0.21.
Full-year 2025 sales were $4.05 billion, down 7%; EPS was $1.69 versus a loss of $3.73 in 2024, and adjusted EPS was $1.05, flat.
2026 guidance: sales of $3.8–$4.0 billion and EPS of $0.92–$1.38; adjusted EPS of $1.00–$1.20.
Net debt leverage was 2.4x at year end 2025, against a long-term target of 2.0x; the company reduced debt by $376 million in 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 →