Wright served Leggett as CEO from 1999 until last year, when he handed the baton to David Haffner.
According to the SEC filing, beginning today, Wright will serve as a consultant to the company for the next two years. He will continue as chairman of the Board of Directors:
As an employee-consultant, Mr. Wright will report to the Chief Executive Officer of the Company. He will be paid an amount during the first and second years of consultation equal to 75% and 60%, respectively, of his highest consecutive five-year average earnings. Earnings include only salary and bonus.