Close

Form 8-K LOWES COMPANIES INC For: Oct 27

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 4/24/2024

1. TSLA
2. SPY
3. SPOT
4. GM
5. AMZN
6. SHW
7. AAPL
8. IBM
9. MINN
10. NVDA


November 2, 2016 4:04 PM EDT


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 27, 2016

lowesgraphicimage01.jpg
LOWE’S COMPANIES, INC.
(Exact name of registrant as specified in its charter)

 
North Carolina
 
1-7898
 
56-0578072
 
 
(State or other jurisdiction
of incorporation)
 
(Commission File
Number)
 
(IRS Employer
 Identification No.)
 

 
1000 Lowe’s Blvd., Mooresville, NC
28117
 
 
(Address of principal executive offices)
(Zip Code)
 
 
 
 
 
 
Registrant’s telephone number, including area code
(704) 758-1000
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))




Item 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 27, 2016, Lowe’s Companies, Inc. (the “Company”) announced that Michael A. Jones was leaving the Company and his position as Chief Customer Officer, effective immediately. A copy of the press release announcing this change and the appointment of Mr. Jones’ successor is furnished as Exhibit 99.1 and incorporated herein by reference. The terms of any separation agreement between the Company and Mr. Jones will be disclosed on Form 8-K when agreed upon.

Item 9.01.
Financial Statements and Exhibits.

(d)
Exhibits.
99.1
Press Release dated October 27, 2016




SIGNATURE
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.

 
LOWE’S COMPANIES, INC.
 
 
 
 
 
Date: November 2, 2016
By:
/s/ Ross W. McCanless
 
 
 
Ross W. McCanless
Chief Legal Officer, Secretary and Chief Compliance Officer
 






Exhibit 99.1
lowesgraphicimage01.jpg
For Immediate Release
October 27, 2016
Contacts:
Shareholders’/Analysts’ Inquiries:
 
Media Inquiries:
 
Tiffany Mason
 
Colleen Penhall
 
704-758-2033
 
704-758-2958
 
 

LOWE’S APPOINTS MICHAEL P. MCDERMOTT CHIEF CUSTOMER OFFICER
MOORESVILLE, N.C. - Lowe’s Companies, Inc. (NYSE: LOW) today announced that Michael P. McDermott has been promoted to the position of chief customer officer, effective immediately. He will report to Robert A. Niblock, Lowe’s chairman, president and CEO. McDermott currently serves as Lowe’s chief merchandising officer, a position he has held since 2014.

In his new and expanded role, McDermott will be responsible for creating experiences that best serve customers and differentiate Lowe’s in an omni-channel environment, including leading customer insights, customer experience design, marketing and strategy. He will also continue to be responsible for overseeing the company’s full merchandising offering for all Lowe’s U.S. stores and Lowes.com, as well as all global sourcing activities.

McDermott will succeed Michael A. Jones, who is leaving to pursue new opportunities.

“We are extremely confident in Mike McDermott and happy that he has agreed to take on these expanded responsibilities and important role,” Niblock said. “Since joining Lowe’s three years ago, Mike has demonstrated exceptional management and leadership skills that make him ideally suited to lead Lowe’s efforts to create an even more exceptional home improvement experience for customers.”

Niblock added, “At the same time, we want to express our thanks to Mike Jones for his many contributions to the company. We wish him well and great success as he pursues future opportunities.”

Prior to serving as head of merchandising, McDermott joined Lowe’s in 2013 as senior vice president and general merchandising manager-building and maintenance, and was responsible for Lowe’s lumber & building materials, millwork, hardware & tools and rough plumbing & electrical divisions. 

He joined Lowe’s from General Electric, where he served as sales leader-appliances and was also a member of the company’s corporate commercial council.  He brought to Lowe’s more than 20 years of experience in product leadership, merchandising, marketing and commercial sales.  

McDermott earned a bachelor’s degree in communications from The College of New Jersey and a master’s degree in political science from Villanova University.

About Lowe’s Companies, Inc.
Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving more than 17 million customers a week in the United States, Canada and Mexico. With fiscal year 2015 sales of $59.1 billion, Lowe’s and its related businesses operate or service more than 2,355 home improvement and hardware stores and employ over 285,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe’s supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.


# # #




Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

SEC Filings