Leggett & Platt Management

Management criteria checks 4/4

Leggett & Platt's CEO is Karl Glassman, appointed in May 2024, has a tenure of less than a year. directly owns 0.88% of the company’s shares, worth €13.45M. The average tenure of the management team and the board of directors is 2.3 years and 8.5 years respectively.

Key information

Karl Glassman

Chief executive officer

US$368.3k

Total compensation

CEO salary percentage	n/a
CEO tenure	less than a year
CEO ownership	0.9%
Management average tenure	2.3yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Karl Glassman's remuneration changed compared to Leggett & Platt's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$823m
Jun 30 2024	n/a	n/a	-US$815m
Mar 31 2024	n/a	n/a	-US$159m
Dec 31 2023	US$368k	n/a	-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$3m	US$750k	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$9m	US$1m	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$9m	US$1m	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$10m	US$1m	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$11m	US$1m	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$7m	US$1m	US$294m

Compensation vs Market: Karl's total compensation ($USD368.30K) is below average for companies of similar size in the German market ($USD1.67M).

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

CEO

Karl Glassman (66 yo)

less than a year

Tenure

US$368,300

Compensation

Mr. Karl G. Glassman served as Executive Chairman at Leggett & Platt, Incorporated since January 01, 2022 and served as its May 04, 2023 and serves as its Chairman of the Board since May 04, 2023 and also...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Karl Glassman	President	less than a year	US$368.30k	0.88% € 13.5m
Benjamin Burns	Executive VP & CFO	1.4yrs	US$1.09m	0.064% € 981.6k
J. Dolloff	Executive Officer	less than a year	US$7.35m	0.40% € 6.1m
J. Hagale	Executive VP & President of Bedding Products	3.3yrs	US$1.72m	0.063% € 964.0k
Tammy Trent	Senior VP & Chief Accounting Officer	9.5yrs	no data	0.047% € 723.5k
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	0.021% € 322.7k
Christina Ptasinski	Executive Vice President & Chief HR Officer	3.8yrs	no data	0.025% € 380.7k
Charles Hutchins	VP & Chief Tax Officer	4.9yrs	no data	no data
Darrel Wild	VP & Chief Credit Officer	4.9yrs	no data	no data
Ryan Kleiboeker	Executive VP & Chief Strategic Planning Officer	1.4yrs	no data	0.037% € 557.8k

2.3yrs

Average Tenure

53yo

Average Age

Experienced Management: LP1's management team is considered experienced (2.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Karl Glassman	President	22.8yrs	US$368.30k	0.88% € 13.5m
Manuel Fernandez	Independent Director	10.8yrs	US$331.99k	0.050% € 770.5k
Joseph McClanathan	Independent Director	19.8yrs	US$352.45k	0.052% € 796.6k
Phoebe Wood	Independent Director	19yrs	US$324.50k	0.047% € 720.7k
Mark Blinn	Independent Director	5.5yrs	US$287.77k	0.024% € 367.1k
Mary Elizabeth Campbell	Independent Director	5yrs	US$326.32k	0.0069% € 105.5k
Robert Brunner	Independent Lead Director	15.5yrs	US$457.82k	0.016% € 248.4k
Jai Shah	Independent Director	5.5yrs	US$359.51k	0.0028% € 43.4k
Srikanth Padmanabhan	Independent Director	6.3yrs	US$286.77k	0.029% € 439.1k
Angela Barbee	Independent Director	2.7yrs	US$284.49k	0.0029% € 44.3k

8.5yrs

Average Tenure

64yo

Average Age

Experienced Board: LP1's board of directors are considered experienced (8.5 years average tenure).

Leggett & Platt Management

Management criteria checks 4/4

Key information

Recent management updates

President recently bought €252k worth of stock

Leggett & Platt, Incorporated Announces Chief Executive Officer Changes

Insufficient new directors

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

Leggett & Platt Announces Executive Changes

Leggett & Platt Announces Executive Changes

Recent updates

Third quarter dividend of US$0.05 announced

Leggett & Platt, Incorporated Declares Dividend for the Fourth Quarter 2024, Payable on January 15, 2025

Third quarter 2024 earnings released: EPS: US$0.33 (vs US$0.39 in 3Q 2023)

Leggett & Platt, Incorporated Provides Earnings Guidance for the Fourth Quarter of 2024

Leggett & Platt, Incorporated to Report Q3, 2024 Results on Oct 28, 2024

Upcoming dividend of US$0.05 per share

Second quarter dividend of US$0.05 announced

Leggett & Platt, Incorporated Declares Dividend for the Third Quarter 2024, Payable on October 15, 2024

Leggett & Platt, Incorporated Reports Goodwill Impairment for the Second Quarter Ended June 30, 2024

Second quarter 2024 earnings released: US$4.39 loss per share (vs US$0.40 profit in 2Q 2023)

Leggett & Platt, Incorporated to Report Q2, 2024 Results on Aug 01, 2024

Now 20% undervalued after recent price drop

Now 24% undervalued after recent price drop

Upcoming dividend of US$0.05 per share

President recently bought €252k worth of stock

Leggett & Platt, Incorporated Announces Chief Executive Officer Changes

First quarter dividend of US$0.05 announced

First quarter 2024 earnings released: EPS: US$0.23 (vs US$0.39 in 1Q 2023)

Leggett & Platt, Incorporated Declares Dividend for the Second Quarter of 2024, Payable on July 15, 2024

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