StockNews.AI
LEG
StockNews.AI
104 days

Leggett & Platt Announces Quarterly Dividend and Annual Meeting Results; Two Directors Retire

1. Leggett & Platt declared a dividend of $0.05 per share for Q2 2025. 2. Annual meeting confirmed Board recommendations and re-elected eight directors. 3. Two Board members, Manuel Fernandez and Mark Blinn, retired ahead of the meeting. 4. PricewaterhouseCoopers was approved as the independent accountant for 2025. 5. Management expressed gratitude for the retiring directors' contributions to the company.

5m saved
Insight
Article

FAQ

Why Bullish?

The dividend declaration suggests stability and confidence, enhancing shareholder trust. Historical analysis shows that consistent dividends correlate with positive stock performance.

How important is it?

The news indicates strong governance and financial health, which tend to boost investor sentiment. Such developments can lead to increased buying interest, reflecting positively on the stock.

Why Short Term?

The immediate impact is related to dividend payments and Board changes. Previous instances of dividend announcements have led to short-term price increases.

Related Companies

LEGSHWHBI
, /PRNewswire/ --  Board declared second quarter dividend of $.05 per share Annual meeting voting aligned with Board recommendations Manuel Fernandez and Mark Blinn retired from Board Leggett & Platt's Board of Directors declared a dividend of $.05 per share for the second quarter 2025. The dividend will be paid on July 15, 2025 to shareholders of record on June 13, 2025. The Company's annual meeting of shareholders was held this morning. Shareholders elected as directors the eight nominees proposed by the Board; ratified the selection of PricewaterhouseCoopers as the Company's independent registered public accountant for 2025; endorsed the compensation of the Company's named executive officers; and approved the amendment and restatement of the Company's Flexible Stock Plan. No other proposals were voted upon. As previously reported, effective prior to the annual meeting, Manuel Fernandez and Mark Blinn retired from the Board of Directors. They informed the Company of their decision to retire on February 25, 2025. As a result, the Board reduced the number of directors from ten to eight. Karl Glassman, Board Chairman, President & CEO, commented, "On behalf of the Company, I would like to thank Manny and Mark for their service to Leggett. Manny, as a long-time director, has significantly contributed to the Company with his insightful guidance and unwavering commitment. Since joining the Board in 2019, Mark has offered invaluable insights that have greatly benefited the Company." Independent Lead Director, Bob Brunner, stated, "The entire Board of Directors would like to express our sincere gratitude to Manny and Mark for their exemplary service to the Company and wish them all the best.  The eight directors elected today are equipped with the necessary experience and skills to provide ongoing effective oversight and guidance." FOR MORE INFORMATION: Visit Leggett's website at www.leggett.com. COMPANY DESCRIPTION:  Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 142-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications; and aerospace tubing and fabricated assemblies. CONTACT:   Investor Relations, (417) 358-8131 or [email protected]Cassie J. Branscum, Vice President, Investor RelationsKatelyn J. Pierce, Analyst, Investor Relations SOURCE Leggett & Platt Incorporated WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News