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Last $42.68 USD
Change Today +0.54 / 1.28%
Volume 1.8M
LEG On Other Exchanges
New York
As of 8:04 PM 10/5/15 All times are local (Market data is delayed by at least 15 minutes).

leggett & platt inc (LEG) Snapshot

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07/16/15 - $51.28
52 Week Low
10/15/14 - $32.64
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leggett & platt inc (LEG) Details

Leggett & Platt, Incorporated designs and produces a range of engineered components and products worldwide. The company’s Residential Furnishings segment offers innersprings and wire forms; steel mechanisms and hardware, springs and seat suspensions, steel tubular seat frames, bed frames and ornamental beds, and adjustable beds; and structural fabrics, carpet underlay materials, and geo components. This segment serves manufacturers of finished bedding products and upholstered furniture; retailers and distributors of adjustable and ornamental beds, bed frames, and carpet underlay; and contractors, landscapers, road construction companies, and government agencies using geo components. Its Commercial Fixturing & Components segment provides bases, columns, back rests, casters, and frames for office chairs and control devices; and private label finished furniture. This segment serves office, and institutional and commercial furniture manufacturers. The company’s Industrial Materials segment offers steel rods, drawn wires, steel billets, fabricated wire products, welded steel tubing, fabricated tube components, and titanium and nickel tubing. This segment serves bedding and furniture and automotive seating manufacturers; aerospace suppliers and OEMs; mechanical spring makers; and waste recyclers and waste removal businesses. Its Specialized Products segment provides manual and power lumbar support and massage systems; seat suspension systems; automotive control cables; low voltage motors and motion assemblies; formed metal and wire components; quilting machines; machines for shaping wire into springs; industrial sewing/finishing machines; and van interiors. This segment primarily serves automobile seating and bedding manufacturers; and telecommunication, cable, home service, and delivery companies. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.

20,000 Employees
Last Reported Date: 08/5/15
Founded in 1883

leggett & platt inc (LEG) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $1.1M
President, Chief Operating Officer and Direct...
Total Annual Compensation: $804.2K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $486.5K
Senior Vice President and President of Reside...
Total Annual Compensation: $348.1K
Senior Vice President and President of Indust...
Total Annual Compensation: $345.2K
Compensation as of Fiscal Year 2014.

leggett & platt inc (LEG) Key Developments

Leggett & Platt Announces Executive Changes, Effective December 31, 2015

Leggett & Platt announced that David S. Haffner, the company's Chief Executive Officer and Board Chair, will retire from the company and the Board on December 31, 2015. Karl G. Glassman, the company's President and Chief Operating Officer, will assume the role of CEO on January 1, 2016. Karl Glassman succeeded Haffner as Chief Operating Officer in 2006 and as President in 2013. He has been with the company for over 33 years and has worked closely with Haffner for the past 16 years. Glassman joined the Board in 2002.

Leggett & Platt Increases Quarterly Dividend for the Third Quarter of 2015, Payable on October 15, 2015

Leggett & Platt's board of directors announced that they are raising the company's quarterly dividend by 1 cent per share, or 3.2%, to $0.32 per share for the third quarter. The dividend will be paid on October 15, 2015 to shareholders of record on September 15, 2015.

Miller Law LLC Announces Settlement of $151,250,000 for Purchasers of Certain Products Containing Polyurethane Foam

Miller Law LLC announced a settlement of $151,250,000 for purchasers of certain products containing polyurethane foam. A lawsuit known as In re Polyurethane Foam Antitrust Litigation, Case No. 10-MD-2196, is pending in the United States District Court for the Northern District of Ohio in Toledo. The Settlements have now been reached with the following Defendants: Carpenter Co., FFP Holdings LLC, Future Foam, Inc., FXI Holdings, Inc., Hickory Springs Manufacturing Company, Leggett & Platt, Incorporated, Mohawk Industries, Inc., Vitafoam (Vitafoam Products Canada Limited, and Vitafoam, Inc.), and Woodbridge (Woodbridge Foam Corporation, Woodbridge Sales & Engineering, Inc., and Woodbridge Foam Fabricating, Inc.). Together, these additional settling Defendants will be paying a total of $151,250,000 into the Settlement Fund. Several individuals and businesses brought claims on behalf of a Class of end-user 'indirect' purchasers of products that contain flexible polyurethane foam manufactured or supplied by the Defendants. These products include bedding (for example, mattresses, mattress toppers, or pillows), carpet underlay (also called carpet padding or carpet cushion), and upholstered furniture (for example, a sofa with foam cushions). Plaintiffs claim Defendants engaged in a conspiracy to: increase prices of flexible polyurethane foam and not compete for, or 'allocate,' customers. Plaintiffs contend Defendants violated numerous States' antitrust and consumer protection laws. Defendants deny these claims and deny they are liable to Plaintiffs in any way. Defendants in the nine Settlements will pay a total of $151,250,000. If the Plan of Allocation is approved by the Court, payments will be made to each Claimant from each Settlement pro rata based on the number of valid claims filed and the amounts paid for qualifying products. The Settlement Fund may also be used to pay for the cost to administer the Settlements, attorneys' fees, costs, and expenses, and awards to Class Representative Plaintiffs. Plaintiffs' counsel will request attorneys' fees not to exceed 30% of $151,250,000, plus reimbursement of costs and expenses. The Court will hold a hearing to decide whether to approve the nine proposed Settlements. The hearing will be on DECEMBER 15, 2015, at 10:00 a.m. at the Ashley U.S. Courthouse, 1716 Spielbusch Avenue, Toledo, Ohio 43604. The Court may change the date, time, or location of the hearing.


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