Leggett & Platt Management

Management criteria checks 3/4

Leggett & Platt's CEO is Mitch Dolloff, appointed in Jan 2020, has a tenure of 4.25 years. total yearly compensation is $7.35M, comprised of 15.2% salary and 84.8% bonuses, including company stock and options. directly owns 0.4% of the company’s shares, worth €9.02M. The average tenure of the management team and the board of directors is 3.8 years and 5.7 years respectively.

Key information

Mitch Dolloff

Chief executive officer

US$7.3m

Total compensation

CEO salary percentage	15.2%
CEO tenure	4.3yrs
CEO ownership	0.4%
Management average tenure	3.8yrs
Board average tenure	5.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Mitch Dolloff's remuneration changed compared to Leggett & Platt's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$7m	US$1m	-US$137m
Sep 30 2023	n/a	n/a	US$213m
Jun 30 2023	n/a	n/a	US$232m
Mar 31 2023	n/a	n/a	US$273m
Dec 31 2022	US$8m	US$1m	US$310m
Sep 30 2022	n/a	n/a	US$363m
Jun 30 2022	n/a	n/a	US$388m
Mar 31 2022	n/a	n/a	US$405m
Dec 31 2021	US$4m	US$781k	US$402m
Sep 30 2021	n/a	n/a	US$405m
Jun 30 2021	n/a	n/a	US$415m
Mar 31 2021	n/a	n/a	US$296m
Dec 31 2020	US$4m	US$646k	US$253m
Sep 30 2020	n/a	n/a	US$232m
Jun 30 2020	n/a	n/a	US$224m
Mar 31 2020	n/a	n/a	US$317m
Dec 31 2019	US$4m	US$597k	US$314m
Sep 30 2019	n/a	n/a	US$300m
Jun 30 2019	n/a	n/a	US$290m
Mar 31 2019	n/a	n/a	US$289m
Dec 31 2018	US$3m	US$512k	US$306m
Sep 30 2018	n/a	n/a	US$289m
Jun 30 2018	n/a	n/a	US$283m
Mar 31 2018	n/a	n/a	US$285m
Dec 31 2017	US$2m	US$480k	US$294m

Compensation vs Market: Mitch's total compensation ($USD7.35M) is above average for companies of similar size in the German market ($USD2.56M).

Compensation vs Earnings: Mitch's compensation has been consistent with company performance over the past year.

CEO

Mitch Dolloff (57 yo)

4.3yrs

Tenure

US$7,347,194

Compensation

Mr. J. Mitchell Dolloff, also known as Mitch, serves as Chief Executive Officer at Leggett & Platt, Incorporated since January 01, 2022 and has been its President and Director since January 1, 2020. He had...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
J. Dolloff	CEO, President & Director	4.3yrs	US$7.35m	0.40% $ 9.0m
Benjamin Burns	Executive VP & CFO	less than a year	US$1.09m	0.058% $ 1.3m
J. Hagale	Executive VP & President of Bedding Products	2.7yrs	US$1.72m	0.060% $ 1.3m
Tammy Trent	Senior VP & Chief Accounting Officer	8.9yrs	no data	0.046% $ 1.0m
Michael Blinzler	VP & Chief Information Officer	no data	no data	no data
Cassie Branscum	Vice President of Investor Relations	no data	no data	no data
Jennifer Davis	Executive VP & General Counsel	less than a year	no data	0.018% $ 401.9k
Christina Ptasinski	Executive Vice President & Chief HR Officer	3.3yrs	no data	0.024% $ 544.8k
Charles Hutchins	VP & Chief Tax Officer	4.3yrs	no data	no data
Darrel Wild	VP & Chief Credit Officer	4.3yrs	no data	no data
Ryan Kleiboeker	Executive VP & Chief Strategic Planning Officer	less than a year	no data	0.018% $ 415.2k
R. Smith	Senior VP and President of the Furniture	4.3yrs	no data	no data

3.8yrs

Average Tenure

51yo

Average Age

Experienced Management: LP1's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
J. Dolloff	CEO, President & Director	4.3yrs	US$7.35m	0.40% $ 9.0m
Karl Glassman	Chairman	22.3yrs	US$368.30k	0.70% $ 15.7m
Manuel Fernandez	Independent Director	10.3yrs	US$331.99k	0.051% $ 1.1m
Joseph McClanathan	Independent Director	19.3yrs	US$352.45k	0.047% $ 1.1m
Phoebe Wood	Independent Director	18.4yrs	US$324.50k	0.047% $ 1.1m
Mark Blinn	Independent Director	4.9yrs	US$287.77k	0.020% $ 442.4k
Mary Elizabeth Campbell	Independent Director	4.4yrs	US$326.32k	0.0069% $ 155.9k
Robert Brunner	Independent Lead Director	14.9yrs	US$457.82k	0.016% $ 367.5k
Jai Shah	Independent Director	4.9yrs	US$359.51k	0.0029% $ 64.1k
Srikanth Padmanabhan	Independent Director	5.7yrs	US$286.77k	0.021% $ 481.3k
Angela Barbee	Independent Director	2.1yrs	US$284.49k	0.013% $ 290.3k

5.7yrs

Average Tenure

61yo

Average Age

Experienced Board: LP1's board of directors are considered experienced (5.7 years average tenure).

Leggett & Platt Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Leggett & Platt, Incorporated, Annual General Meeting, May 08, 2024

Leggett & Platt Announces Executive Changes

Leggett & Platt Announces Executive Changes

Independent Director recently sold €182k worth of stock

Leggett & Platt, Incorporated Announces Changes to Board of Directors

Recent updates

Now 24% overvalued

Leggett & Platt, Incorporated to Report Q1, 2024 Results on May 01, 2024

Insufficient new directors

Leggett & Platt, Incorporated, Annual General Meeting, May 08, 2024

Leggett & Platt Announces Executive Changes

Leggett & Platt, Incorporated Reports Long-Lived Asset Impairment for the Fourth Quarter of 2023

Leggett & Platt, Incorporated to Report Fiscal Year 2023 Results on Feb 08, 2024

Leggett & Platt, Incorporated Announces Restructuring Plan to Drive Improved Performance and Profitable Growth

Investor sentiment improves as stock rises 15%

Upcoming dividend of US$0.46 per share at 7.1% yield

Leggett & Platt Announces Quarterly Dividend, Will Be Paid on January 12, 2024

Leggett & Platt Announces Quarterly Dividend, Will Be Paid on January 12, 2024

Third quarter 2023 earnings released: EPS: US$0.39 (vs US$0.53 in 3Q 2022)

Leggett & Platt, Incorporated Revises Earnings Guidance for the Full Year 2023

Leggett & Platt, Incorporated to Report Q3, 2023 Results on Oct 30, 2023

Upcoming dividend of US$0.46 per share at 6.8% yield

Leggett & Platt, Incorporated Announces Dividend for the Third Quarter of 2023, Payable on October 13, 2023

New minor risk - Profit margin trend

Second quarter 2023 earnings released: EPS: US$0.40 (vs US$0.70 in 2Q 2022)

Leggett & Platt, Incorporated Revises Earnings Guidance for the Year 2023

Leggett & Platt, Incorporated to Report Q2, 2023 Results on Jul 31, 2023

Leggett & Platt Announces Executive Changes

Upcoming dividend of US$0.46 per share at 5.8% yield

Independent Director recently sold €182k worth of stock

Leggett & Platt, Incorporated Announces Changes to Board of Directors

First quarter 2023 earnings released: EPS: US$0.39 (vs US$0.66 in 1Q 2022)

Upcoming dividend of US$0.44 per share at 5.2% yield

Senior VP recently sold €882k worth of stock

Full year 2022 earnings released: EPS: US$2.28 (vs US$2.95 in FY 2021)

Leggett & Platt, Incorporated Provides Earnings Guidance for the First Quarter and Full Year of 2023

Insufficient new directors

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.44 per share

Leggett & Platt Announces Quarterly Dividend, Payable on January 13, 2023

Third quarter 2022 earnings released: EPS: US$0.53 (vs US$0.71 in 3Q 2021)

Leggett & Platt, Incorporated Announces Earnings Guidance for the Fourth Quarter and Full Year 2022

Leggett & Platt, Incorporated Revises Earnings Guidance for the Year 2022

Upcoming dividend of US$0.44 per share

Leggett & Platt, Incorporated Announces Quarterly Dividend, Payable on October 14, 2022

Executive Chairman recently sold €1.1m worth of stock

Second quarter 2022 earnings released: EPS: US$0.70 (vs US$0.82 in 2Q 2021)

Leggett & Platt, Incorporated Announces Earnings Guidance for the Year of 2022

Upcoming dividend of US$0.44 per share

Independent Director recently sold €90k worth of stock

Leggett & Platt Announces Dividend for the Second Quarter, Payable on July 15, 2022

Leggett & Platt, Incorporated Provides Earnings Guidance for the Year 2022

First quarter 2022 earnings released: EPS: US$0.66 (vs US$0.64 in 1Q 2021)

High number of new directors

High number of new directors

Leggett & Platt, Incorporated, Annual General Meeting, May 17, 2022

Upcoming dividend of US$0.42 per share

Leggett & Platt, Incorporated Announces Dividend for the First Quarter of 2022, Payable on April 15, 2022

Independent Director recently sold €513k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Leggett & Platt, Incorporated Provides Dividend Guidance for 2022

Upcoming dividend of US$0.42 per share

Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.77 in 3Q 2020)

Upcoming dividend of US$0.42 per share

Leggett & Platt, Incorporated Revises Earnings Guidance for the Year 2021

Second quarter 2021 earnings released: EPS US$0.82 (vs US$0.045 loss in 2Q 2020)

Leggett & Platt, Incorporated (NYSE:LEG) acquired Kayfoam Woolfson Ltd. from FL Capital Partners Ltd. and others for approximately €100 million.

Upcoming dividend of US$0.42 per share

Lead Independent Director recently sold €707k worth of stock

First quarter 2021 earnings released: EPS US$0.64 (vs US$0.34 in 1Q 2020)

Leggett & Platt, Incorporated Revises Earnings Guidance for the Year 2021

New 90-day high: €37.16

Full year 2020 earnings released: EPS US$1.83 (vs US$2.48 in FY 2019)

Revenue beats expectations

Independent Director recently sold €355k worth of stock