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Leggett & Platt Governance

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Financial Code of Ethics

Summary of Changes

On November 4, 2021, the Financial Code of Ethics was amended. The amendments included:

  1. expanding the requirement to promote full, fair, accurate and timely and understandable disclosure in reports and documents the Company files with the SEC to also include those reports and documents filed with other governmental agencies and the NYSE;
  2. expanding the requirement to comply with laws, rules and regulations to also include NYSE listing standards and rules;
  3. adding a provision prohibiting the improper or fraudulent influence, coercion, manipulation, or misleading of any authorized audit or interference with any auditor engaged in an internal or independent audit of the Company’s financial statements, or accounting books and records;
  4. adding a provision stating that the Code supplements, and does not supersede, the Company’s Code of Business Conduct and Ethics;
  5. adding a provision requiring any waiver of the Code for executive officers to be approved by the Board of Directors or a committee of the Board; and
  6. adding a provision requiring the Code to be disclosed on the Company’s intranet and website, and any waiver of the Code to be disclosed on the Company’s website or by such other means as required by law.

The Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer and the Corporate Controller for Leggett & Platt, Incorporated and its subsidiaries and affiliates (collectively the “Company”) have an obligation to adhere to and advocate professional and ethical conduct in the fulfillment of their responsibilities to the Company.  In recognition of this obligation, the Company has adopted the following standards of ethical conduct for the Company’s financial officers:

  1. Act with honesty and integrity, including the ethical handling of actual or apparent conflicts of interest between their personal interests and the interests of the Company.
  2. Perform responsibilities with a goal of promoting full, fair, accurate, timely and understandable disclosure in reports and documents that the Company files with the Securities and Exchange Commission, other governmental agencies, the New York Stock Exchange, and in other public communications.
  3. Comply with federal, state, local and other governmental laws, rules and regulations applicable to the Company and the listing standards and rules applicable to companies listed on the New York Stock Exchange.
  4. Act in good faith, responsibly, and with due care without misrepresenting or omitting material facts or allowing their independent judgment to be compromised.
  5. Promote ethical behavior among subordinates and peers through their conduct.
  6. Use corporate assets and resources employed or entrusted to them in a responsible manner.
  7. Not improperly or fraudulently influence, coerce, manipulate or mislead any authorized audit or interfere with any auditor engaged in performance of an internal or independent audit of the Company’s financial statements or accounting books and records.
  8. Promptly report any violations of this code to the Company’s Vice President of Internal Audit and Due Diligence, who has a direct reporting relationship to the Company’s Audit Committee, and the General Counsel.

Persons who violate the provisions and policies set forth in this Code will be subject to disciplinary action, up to and including termination of employment.

This Code supplements, and does not supersede, the Company’s Code of Business Conduct and Ethics.

Any waiver of this Code for executive officers of the Company may be made only by the Company’s Board of Directors or a committee of the Board.  Any such waiver will be promptly made available to the Company’s shareholders on the Company’s website (www.leggett.com) or by such other means as required by law. A copy of this Code may be found on the Company’s intranet and website (www.leggett.com).

It is the policy of the Company that the CEO, CFO, CAO and Corporate Controller acknowledge and certify to the foregoing and annually file a copy of such certification with the Secretary of the Company.

Last Reviewed:  November 4, 2021
Last Revised:  November 4, 2021