LEG - Leggett & Platt, Incorporated

NYSE - Nasdaq Real Time Price. Currency in USD

Leggett & Platt, Incorporated

No. 1 Leggett Road
Carthage, MO 64836
United States
417-358-8131
http://www.leggett.com

SectorConsumer Cyclical
IndustryHome Furnishings & Fixtures
Full Time Employees22,500

Key Executives

NameTitlePayExercisedYear Born
Mr. Karl G. GlassmanCEO, Pres & Director2.72MN/A1958
Mr. Matthew C. FlaniganExec. VP, CFO & Director1.25M1.49M1962
Mr. Scott S. DouglasSr. VP, Gen. Counsel & Sec.554.94k369.11k1960
Mr. Perry E. DavisExec. VP and Pres of Residential Products & Industrial productsN/AN/A1959
Mr. J. Mitchell DolloffExec. VP and Pres of Specialized Products & Furniture Products1.12M561.73k1966
Amounts are as of December 31, 2017 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. It operates through four segments: Residential Products, Furniture Products, Industrial Products, and Specialized Products. The Residential Products segment offers innersprings, wire forms, and machines to shape wire into various types of springs; industrial sewing/finishing machines, conveyor lines, mattress packaging, and glue-drying equipment, as well as quilting machines; and structural fabrics, carpet cushions, and geo components. It serves manufacturers of finished bedding, upholstered furniture, packaging, filtration, and draperies; retailers and distributors of carpet cushions; and contractors, landscapers, road construction companies, and government agencies using geo components. The Furniture Products segment offers molded plywood components; bases, columns, back rests, control devices, and casters and frames; private-label finished furniture; beds and bed frames; adjustable beds; and steel mechanisms and hardware, and springs and seat suspensions. It serves upholstered and office furniture manufacturers; department stores and big box retailers; e-commerce retailers; and mattress and furniture retailers. The Industrial Products segment offers drawn wires, bedding and furniture components, automotive seat suspension systems, and steel rods. It serves packaging and baling companies, mechanical spring manufacturers, and wire distributors. The Specialized Products segment offers mechanical and pneumatic lumbar support and massage systems, seat suspension systems, motors and actuators, and cables; titanium, nickel, and stainless steel tubing, formed tube, and tube assemblies; and engineered hydraulic cylinders. It serves automobile and mobile equipment OEMs, and aerospace suppliers. The company sells its products through sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is headquartered in Carthage, Missouri.

Corporate Governance

Leggett & Platt, Incorporated’s ISS Governance QualityScore as of November 1, 2018 is 5. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 8; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.