La-Z-Boy Reports Executive Compensation, Director Changes
Ticker: LZB · Form: 8-K · Filed: Aug 28, 2024 · CIK: 57131
| Field | Detail |
|---|---|
| Company | La-Z-Boy INC (LZB) |
| Form Type | 8-K |
| Filed Date | Aug 28, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-governance, executive-compensation, shareholder-vote
Related Tickers: LZB
TL;DR
La-Z-Boy filed an 8-K detailing executive comp, director changes, and upcoming shareholder votes.
AI Summary
La-Z-Boy Incorporated announced on August 27, 2024, changes in its executive compensation arrangements. The filing also details the election of directors and the departure of certain officers. Additionally, the company submitted matters to a vote of its security holders and filed financial statements and exhibits.
Why It Matters
This filing provides insight into La-Z-Boy's corporate governance and executive compensation strategies, which can influence investor confidence and company performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters and executive compensation adjustments, not significant financial distress or operational disruptions.
Key Players & Entities
- LA-Z-BOY INC (company) — Registrant
- Michigan (location) — State of incorporation
- August 27, 2024 (date) — Date of earliest event reported
FAQ
What specific executive compensation arrangements were updated?
The filing indicates changes to compensatory arrangements of certain officers, but the specific details of these arrangements are not elaborated in the provided text.
Who are the newly elected directors?
The filing mentions the election of directors but does not list the names of the individuals elected.
Which officers have departed from La-Z-Boy?
The filing notes the departure of certain officers but does not specify their names or roles.
What matters will be submitted to a vote of security holders?
The filing states that matters will be submitted to a vote of security holders, but the specific proposals are not detailed in the provided text.
Are there any new financial statements or exhibits being filed?
Yes, the filing indicates that financial statements and exhibits are being submitted as part of this report.
Filing Stats: 1,119 words · 4 min read · ~4 pages · Grade level 13 · Accepted 2024-08-28 16:25:48
Key Financial Figures
- $1.00 — ange on which registered Common Stock, $1.00 par value LZB New York Stock Exchange
Filing Documents
- lzb-20240827.htm (8-K) — 55KB
- 0000057131-24-000084.txt ( ) — 179KB
- lzb-20240827.xsd (EX-101.SCH) — 2KB
- lzb-20240827_lab.xml (EX-101.LAB) — 21KB
- lzb-20240827_pre.xml (EX-101.PRE) — 12KB
- lzb-20240827_htm.xml (XML) — 3KB
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. On August 27, 2024, the Company held its 2024 Annual Meeting of Shareholders. Of the 42,057,328 shares of the Company's common stock, $1.00 par value, eligible to vote at the Annual Meeting, 39,182,584 shares were present in person or represented by proxy. Set forth below are the final voting results for the proposals voted on at the Annual Meeting. Proposal 1: Election of Directors. Each of the ten director nominees shown below was elected to serve an annual term until the 2025 annual meeting of shareholders. Each director will hold office until their successor has been elected and qualified or until the director's earlier resignation or removal. The voting results were as follows: Director Nominee Shares Voted For Shares Voted Withheld Broker Non-Votes Erika L. Alexander 36,810,973 176,715 2,194,896 Sarah M. Gallagher 36,581,050 406,638 2,194,896 James P. Hackett 36,440,845 546,843 2,194,896 Raza S. Haider 36,841,824 145,864 2,194,896 Janet E. Kerr 36,330,058 657,630 2,194,896 Mark S. LaVigne 36,864,314 123,374 2,194,896 Michael T. Lawton 36,190,540 797,148 2,194,896 Rebecca L. O'Grady 36,515,663 472,025 2,194,896 Lauren B. Peters 36,829,581 158,107 2,194,896 Melinda D. Whittington 36,847,546 140,142 2,194,896 Proposal 2: Ratify the selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2025. The selection of PricewaterhouseCoopers LLP as the Company's independent registered public accounting firm for fiscal year 2025 was ratified by the following vote: Shares Voted For Shares Voted Against Abstentions 38,240,973 915,953 25,658 Proposal 3: Approve, through a non-binding advisory vote, the compensation of the Company's named executive officers . An advisory resolution approving the compensation of the Company's named executive officers, as disclosed in the Company's proxy statement, was approved as follows: Shares V
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are furnished as part of this report: Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LA-Z-BOY INCORPORATED (Registrant) Date: August 28, 2024 BY: /s/ Raphael Z. Richmond Raphael Z. Richmond Vice President, General Counsel and Chief Compliance Officer