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

 

May 8, 2019

(Date of Report (Date of Earliest Event Reported))

 

LA-Z-BOY INCORPORATED

(Exact name of registrant as specified in its charter)

 

 

 

Registrant’s telephone number, including area code (734) 242-1444

 

N/A

(Former name or former address, if changed since last report.)

 

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))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company o

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

 

 

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

 

(c)  Appointment of Officer

 

On May 8, 2019, La-Z-Boy Incorporated (the “Company”) announced its promotion of Darrell Edwards to the position of Senior Vice President and Chief Operating Officer, effective immediately.

 

Mr. Edwards, 55, has served as Senior Vice President and Chief Supply Chain Officer of the Company since August 2014. He joined the Company in 2004 and served as the Senior Vice President of Operations of the Company’s Residential Division from May 2012 through August 2014.

 

Mr. Edwards has no family relationships with any of our directors or executive officers. There are no related party transactions between the Company and Mr. Edwards.

 

Item 7.01  Regulation FD Disclosure.

 

A copy of the Company’s press release announcing Mr. Edwards’s promotion is being furnished as Exhibit 99.1 to this current report on Form 8-K. Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities under that section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 

2

 

Item 9.01  Financial Statements and Exhibits

 

(d)        The following exhibits are furnished as part of this report:

 

		Description
99.1		News Release Dated May 8, 2019

 

3

 

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.

 

	LA-Z-BOY INCORPORATED
	(Registrant)

 

Date: May 8, 2019

 

	BY:	/s/ Lindsay A. Barnes
		Lindsay A. Barnes
		Vice President, Corporate Controller and Chief Accounting Officer

 

4

EXHIBIT 99.1

 

 

NEWS RELEASE
Contact:  Kathy Liebmann	(734) 241-2438	[email protected]

 

LA-Z-BOY NAMES CHIEF OPERATING OFFICER

 

MONROE, Mich., May 8, 2019—La-Z-Boy Incorporated (NYSE: LZB) today announced the promotion of Darrell Edwards to Senior Vice President and Chief Operating Officer, effective immediately.  Edwards joined La-Z-Boy in 2004 and has held positions of increasing responsibility, most recently as Senior Vice President and Chief Supply Chain Officer, where he is responsible for all La-Z-Boy Branded manufacturing, Regional Distribution Centers, Research & Development, S&OP Planning, procurement, the La-Z-Boy branded business customer experience and after-market operations/services. In his expanded role, Edwards will lead the company’s international manufacturing operations, including its joint venture in Thailand. Edwards will continue to report to Kurt L. Darrow, Chairman, President and Chief Executive Officer, of La-Z-Boy Incorporated.

 

Darrow said, “Darrell has been the chief architect of the La-Z-Boy supply chain strategy.  Under his leadership, every facet of our supply chain was realigned.  In addition to establishing our Asian-based sourcing team, he played pivotal roles in the move to cellular production at our La-Z-Boy branded manufacturing plants and the formation of our cut-and-sew facility in Mexico.  These initiatives, as well as countless others, drove significant efficiencies and cost savings, in addition to further refining our mass customization and speed-to-market advantage in the industry.  It is a natural progression for Darrell to oversee our international operations as we look to drive further optimization across our business.”

 

Edwards stated, “The La-Z-Boy supply chain has become increasingly more strategic and expansive as the globalization of markets continues to mature.  Additionally, the La-Z-Boy brand has significant appeal around the world and I look forward to working more closely with the excellent team in place in Thailand as we seek to increase our presence internationally.”

 

Edwards serves on the Advisory Board for the Global Supply Chain Institute at the University of Tennessee and the Michigan State University Supply Chain Management Council.  In 2018, he was selected as a Rainmaker Award recipient by DC Velocity Magazine.  Edwards holds a Doctorate in Business Administration from the Fox School of Business at Temple University in Philadelphia, an MBA from the University of Tennessee, and a Master’s in Global Management from the Thunderbird School of Global Management.

 

Additional Information

 

This news release is just one part of La-Z-Boy’s financial disclosures and should be read in conjunction with other information filed with the Securities and Exchange Commission, which is available at: https://lazboy.gcs-web.com/financial-information/sec-filings. Investors and others wishing to be notified of future La-Z-Boy news releases, SEC filings and quarterly investor conference calls may sign up at:  https://lazboy.gcs-web.com/.

 

 

Background Information

 

La-Z-Boy Incorporated is one of the world’s leading residential furniture producers, marketing furniture for every room of the home. The La-Z-Boy Upholstery segment companies are England and La-Z-Boy. The Casegoods segment consists of three brands: American Drew®, Hammary®, and Kincaid®. The company-owned Retail segment includes 155 of the 352 La-Z-Boy Furniture Galleries® stores.  Joybird is an e-commerce retailer and manufacturer of upholstered furniture.

 

The corporation’s branded distribution network is dedicated to selling La-Z-Boy Incorporated products and brands, and includes 352 stand-alone La-Z-Boy Furniture Galleries® stores and 541 independent Comfort Studio® locations, in addition to in-store gallery programs for the company’s Kincaid and England operating units. Additional information is available at http://www.la-z-boy.com/.

 

#      #      #