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Leggett & Platt Declares Second Quarter Dividend and Announces Annual Meeting Results

Leggett & Platt Incorporated, a major player in the manufacturing sector, has officially declared a second-quarter dividend of $0.05 per share for 2025. This announcement aligns with the outcomes of their recent annual shareholder meeting held on May 7, 2025. As part of a continuing commitment to its shareholders, the dividend will be distributed on July 15, 2025, to all registered shareholders as of June 13, 2025.

At the annual meeting, shareholders voted in favor of the Board's recommendations, electing all eight proposed nominees to the Board. Other key decisions included the ratification of PricewaterhouseCoopers as the independent registered public accountant for the company in 2025 and the endorsement of compensation packages for the company's executive officers. Additionally, there was approval for the amendment and restatement of the Flexible Stock Plan, indicating a proactive approach to corporate governance and executive incentive alignment.

Notably, the meeting brought about significant transitions within Leggett & Platt’s leadership. Long-standing Board members Manuel Fernandez and Mark Blinn have decided to retire, thereby reducing the number of Board directors from ten to eight. This decision, taken prior to the annual meeting, marks a pivotal moment in the company’s leadership structure. Karl Glassman, the Board Chairman, President, and CEO of Leggett & Platt, expressed gratitude towards Fernandez and Blinn for their considerable contributions to the company. Fernandez, who has been associated with Leggett for a significant period, has provided invaluable insights, while Blinn has been influential since joining the Board in 2019.

Bob Brunner, the Independent Lead Director, echoed similar sentiments, acknowledging their dedicated service and wishing them well in their future endeavors. The newly elected eight members are poised to lead Leggett & Platt with the essential expertise needed to navigate the company's strategic priorities moving forward.

For over 142 years, Leggett & Platt has established itself as a diversified manufacturer of engineered components and products used across various industries, including bedding, automotive, and furniture sectors. The company's commitment to innovation and quality has solidified its position as a trusted supplier of home and automotive products. With this recent dividend declaration and clear vision for the Board's future, Leggett & Platt continues to enhance its shareholder value and maintain organizational efficacy.

Moving forward, all eyes will be on how the revised Board will steer the company through the challenges and opportunities that lie ahead. With a solid foundation and a commitment to progress and innovation, Leggett & Platt remains a formidable competitor in its industry.

To keep up to date with further developments, visit Leggett's official website at www.leggett.com.