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LEGGETT & PLATT BOARD AUTHORIZES STOCK SPLIT

 LEGGETT & PLATT BOARD AUTHORIZES STOCK SPLIT
 CARTHAGE, Mo., May 13 /PRNewswire/ -- The board of directors of


Leggett & Platt Inc. (NYSE: LEG) has authorized the 2-for-1 stock split recommended by management. The split will be accomplished by distributing one additional share of Leggett's $1 par value common stock for each share outstanding on the record date of May 29, 1992. The additional shares will be distributed to shareholders on June 15, 1992.
 DECLARES SECOND QUARTER CASH DIVIDEND...
 The board also declared a second quarter cash dividend of 22 cents per share on the pre-split shares of Leggett's common stock. Payment of this dividend will be made on a pre-split basis on June 15, 1992. The record date for the cash dividend is May 29, 1992. Following the stock split, the current quarterly dividend rate would be 11 cents per share, or an indicated annualized rate of 44 cents per share.
 ...AND NAMES TWO NEW SENIOR VICE PRESIDENTS
 In other board action, two Leggett & Platt executives, Roger D. Gladden and David S. Haffner, were elected senior vice presidents of the company. Both men were promoted from a vice president position. In addition to their new senior vice president positions, Gladden and Haffner remain responsible for two of Leggett & Platt's major operating groups. Gladden remains president, Commercial Products Group, while Haffner remains president, Furniture & Automotive Components Group.
 SHAREHOLDERS ELECT BOARD MEMBERS AND RATIFY AUDITORS
 At the company's annual meeting this morning in Carthage, Leggett & Platt shareholders elected as directors the 12 nominees proposed by the board and ratified the selection of independent auditors for 1992. There were no other proposals voted on by shareholders.
 Headquartered in Carthage, Leggett & Platt is a Fortune 500 company that specializes in manufacturing and marketing a broad line of components used by companies making furniture and bedding for homes, offices and institutions. Other home furnishings products include select lines of finished furniture and carpet cushioning materials. A variety of diversified products are also produced and sold in several different markets other than the home furnishings industry. The company's common stock is listed on The New York and Pacific Stock Exchanges under the symbol "LEG".
 -0- 5/13/92
 /CONTACT: J. Richard Calhoon of Leggett & Platt, 417-358-8131/
 (LEG) CO: Leggett & Platt Inc. ST: Missouri IN: SU: DIV PER


MC -- DV010 -- 9809 05/13/92 15:05 EDT
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Publication:PR Newswire
Date:May 13, 1992
Words:388
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