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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
Donors to Common Recipients
Recipients of donations from Felix E Wright also received donations from these orgs and people
DonorCommon Recipients
David S Haffner Leggett & Platt Incorporated Political Action Committee
Harry M Cornell Jr Leggett & Platt Incorporated Political Action Committee
Lance G Beshore Leggett & Platt Incorporated Political Action Committee
Thomas A Hays Leggett & Platt Incorporated Political Action Committee
Felix E Wright
Updated over 17 years ago

Basic Info

Types Person, Business Person

External Links

  • Sec - Edgar

Source Links

5 documents :: see all
  • FEC Filing
  • 2008 Proxy
  • FEC contribution search
  • Leggett & Platt website
  • Leggett & Platt Form 4
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