The partnership of J.P. Leggett and C.B. Platt is incorporated under the name “Leggett & Platt Spring Bed & Manufacturing Company.” 1933: Leggett & Platt begins to manufacture innerspring units at its Carthage plant. 1942: Leggett & Platt survives World War II by working on defense contracts. 1960: Harry M. Cornell, Jr., (grandson of J.P. Leggett) becomes president and CEO; he begins implementing a new corporate strategy to broaden the line of component products for the bedding and furniture industries, expand geographically, and offer compatible products directly to furniture stores. 1967: Leggett & Platt's IPO (initial public offering) of 50,000 shares of stock (at $10 per share) and $1 million of convertible subordinated debentures occurs; the stock is listed over the counter. 1971: Leggett & Platt stock is listed on the NASDAQ, and the company achieves more than $1 million in net earnings. 1976: Leggett & Platt exceeds the $100 million sales for the first time. 1977: Construction begins on a new corporate headquarters outside Carthage. 1979: Leggett & Platt is listed on the NYSE (New York Stock Exchange), stock symbol "LEG." 1983: Leggett celebrates 100 years of operation. 1990: Revenues exceed $1 billion for the first time. 1999: Leggett is included in the S&P 500 Index. 2007: New strategic direction announced in November. 2016: Reset to strategic direction announced in September. 2019: Acquired Elite Comfort Solutions for $1.25 billion, the largest acquisition to date, adding specialty foam and private label finished mattress capabilities and expanding its position in the bedding market. 2021: Increased annual dividend for the 50th consecutive year. Became part of the S&P MidCap 400 in December. Executive leadership: past & present LEG stock 1967 - Leggett & Platt IPO of 50,000 shares of stock at a price of $10 per share; the stock is traded over the counter 1971 - Leggett's stock is listed on the NASDAQ 1979 - Leggett is listed on the New York Stock Exchange, trading under symbol "LEG" History of Stock Splits: May 13, 1969: 5-for-3 Jan. 15, 1973: 3-for-2 Sept. 29, 1978: 3-for-2 Aug. 26, 1983: 2-for-1 Mar. 14, 1986: 3-for-2 Jun. 15, 1992: 2-for-1 Sept. 15, 1995: 2-for-1 Jun. 15, 1998: 2-for-1 References External links Companies listed on the New York Stock Exchange Manufacturing companies based in Missouri 1883 establishments in Missouri 1960s initial public offerings