On November 5, 2019, the Board of Directors of Leggett & Platt, Incorporated approved the following Board and Management changes. The company appointed Karl G. Glassman as chairman, R. Ted Enloe, III as Lead Director and ceases as Director. Mr. Glassman, a management director since 2002, will succeed R. Ted Enloe, III as Chairman, effective January 1, 2020, and will continue to serve the Company as Chief Executive Officer. Mr. Enloe, an independent director since 1969 and Chairman since 2016, will become Lead Director, effective January 1, 2020. The company elected J. Mitchell Dolloff and Mary Campbell as directors. Mr. Dolloff, was appointed a management director of the Company, effective January 1, 2020. Ms. Campbell, age 52, was appointed an independent director of the Company, effective November 5, 2019. Mr. Dolloff will also become President and Chief Operating Officer and President – Bedding Products, effective January 1, 2020. He has served the Company as Executive Vice President – Chief Operating Officer since January 1, 2019; President – Specialized Products & Furniture Products since 2017; Senior Vice President and President of Specialized Products from 2016 to 2017; Vice President and President of the Automotive Group from 2014 to 2015; President of Automotive Asia from 2011 to 2013; Vice President of Specialized Products from 2009 to 2013; and in various other capacities for the Company since 2000. Ms. Campbell was appointed Chief Merchandising Officer of Qurate Retail Group and Chief Commerce Officer of QVC US, in 2018. Ms. Campbell held various leadership positions across the Merchandising, Planning and Commerce Platforms functions. Most recently, and prior to her current position, she served Qurate Retail Group as Chief Merchandising and Interactive Officer in 2018 and as Chief Interactive Experience Officer from 2017 to 2018. She also served as Executive Vice President, Commerce Platforms for QVC from 2014 to 2017. Karl G. Glassman will cease to be President of the Company as of January 1, 2020. He will become Chairman of the Board and continue to serve as Chief Executive Officer. J. Mitchell Dolloff will serve as President and Chief Operating Officer and President – Bedding Products, effective January 1, 2020. He will cease serving as President – Specialized Products and Furniture, Flooring & Textile Products as of January 1, 2020. Mr. Dolloff will serve as President – Bedding Products until a successor segment president is appointed. He will serve as President and Chief Operating Officer of the Company until his death, resignation, retirement or removal, or until his successor is appointed. Mr. Dolloff has no family relationships with any director or other executive officer of the Company and has no related person transactions with the Company. Perry E. Davis will retire from the Company, effective February 7, 2020. As of January 1, 2020, Mr. Davis will cease to be Executive Vice President, President – Bedding Products and will serve in a non-executive officer role as Senior Vice President – Operations through his announced retirement date. Steven K. Henderson will serve as Executive Vice President, President – Specialized Products and Furniture, Flooring & Textile Products, effective January 1, 2020. Mr. Henderson has served the Company as Vice President, President – Automotive Group since 2017. He joined the Company after more than 30 years of experience in a variety of leadership positions at Dow Automotive Systems, most recently as Business President – Automotive Systems since 2009, where he was responsible for the global business, including profit and loss, business strategy, and organizational health. On November 5, 2019, in keeping with ongoing Board refreshment plans, the Board, pursuant to Section 2.1 of the Bylaws of the Company, increased the number of directors from ten to twelve. This created two vacant seats on the Board. On November 5, 2019, the vacancies were filled by the Board’s election of Mary Campbell and J. Mitchell Dolloff to serve as directors. Ms. Campbell’s election was effective immediately on November 5, 2019. Mr. Dolloff’s election will be effective January 1, 2020.