Leggett & Platt (LEG) Proxy Filing summary

Executive summary

• The 2025 annual meeting will be held virtually on May 7, 2025, with advance registration required for participation and voting rights based on share ownership as of March 5, 2025.

• Four main proposals will be presented: election of eight directors, ratification of PwC as auditor, advisory vote on executive compensation, and approval of the amended Flexible Stock Plan.

• The Board recommends voting in favor of all proposals, and proxy materials are available online for shareholder review.

Voting matters and shareholder proposals

• Shareholders will vote on electing eight directors, ratifying PwC as auditor, approving executive compensation, and amending the Flexible Stock Plan.

• Shareholders can submit director nominations and proposals for future meetings, with specific deadlines and requirements outlined in the bylaws.

• Proxy access allows groups holding at least 3% of shares for three years to nominate up to 20% of the Board.

Board of directors and corporate governance

• The Board consists of a mix of experienced and new independent directors, with a focus on diversity—five of seven independent nominees are diverse, including three women and three racial/ethnic minorities.

• Board committees (Audit, HRC, NGS) are composed entirely of independent directors and meet regularly, with all directors attending at least 75% of meetings.

• The Board has adopted Corporate Governance Guidelines, a Code of Business Conduct and Ethics, and a Financial Code of Ethics.

• The Board leadership structure includes a combined Chairman/CEO and an independent Lead Director.