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Felix E Wright

At December 31, 2007, Mr. Wright was also a non-employee director. However, because he served as an executive officer for part of the year, his compensation is disclosed in the Summary Compensation Table on page 40. . Although Mr. Wright continues to participate in the plan, he is past Normal Retirement Age and has been receiving distributions from the plan for several years. The distribution he received in 2007 was greater than the additional benefit he accrued under the plan, resulting in a reduction of the benefit payable under this plan. The Company provides a gross-up for the FICA-HI (Medicare) tax on income related to ESU Program contributions. Mr. Wright also received a tax gross-up for income imputed to him when his spouse accompanied him on a business entertainment trip. This column reflects the lowest incentive payout the executives could achieve under their applicable payout schedule. Under the Corporate Participant payout schedule applicable to Messrs. Haffner, Glassman and Wright (see page 34), no incentive payout is payable until the Company achieves a 12% Return on Net Assets (RONA). Under the Corporate Participant payout schedule applicable to Mr. Flanigan, no incentive payout is payable until the Company achieves an 11% RONA. While he receives supplemental pension payments, the Company will continue to provide health insurance and a Medicare supplement to Mr. Wright and his dependents after his retirement or disability for the longer of 15 years or life, as well as life insurance coverage equal to the coverage the Company provided to him immediately prior to termination. In addition, the Company is obligated to reimburse Mr. Wright for any income or other taxes he incurs on these benefits.

Relationships Interlocks Giving Data
People in Common Orgs
People with positions in the same orgs as Felix E Wright
PersonCommon Orgs
Robert E Brunner Leggett & Platt Inc
Scott S Douglas Leggett & Platt Inc
Ray A Griffith Leggett & Platt Inc
David M DeSonier Leggett & Platt Inc
John G Moore Leggett & Platt Inc
William S Weil Leggett & Platt Inc
Dennis S Park Leggett & Platt Inc
Daniel R Hebert Leggett & Platt Inc
Jai Shah Leggett & Platt Inc
Robert G Culp III Leggett & Platt Inc
Perry E Davis Leggett & Platt Inc
Russell J Iorio Leggett & Platt Inc
Srikanth Padmanabhan Leggett & Platt Inc
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Felix E Wright
Updated over 17 years ago

Basic Info

Types Person, Business Person

External Links

  • Sec - Edgar

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5 documents :: see all
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