Corporate GovernanceJul 15, 2026, 09:07 AM
La-Z-Boy Announces 2026 Annual Meeting of Shareholders
AI Summary
La-Z-Boy Incorporated announced its 2026 Annual Meeting of Shareholders to be held on August 25, 2026, in Detroit, Michigan. Key proposals include the election of ten director nominees, the ratification of PricewaterhouseCoopers LLP as the independent auditor, and an advisory vote on executive compensation. The company also reported FY 2026 consolidated sales of $2.1 billion, a 1% increase, and GAAP diluted EPS of $2.47, up 5%, despite a 30 bps decrease in GAAP operating margin to 6.1%. Strategic progress included significant expansion of its retail footprint with 30 new La-Z-Boy stores (company-owned and acquired).
Key Highlights
- 2026 Annual Meeting of Shareholders scheduled for August 25, 2026, at 9:30 a.m. EDT.
- Shareholders of record on June 26, 2026, are eligible to vote.
- Proposals include electing ten director nominees for a one-year term.
- Ratification of PricewaterhouseCoopers LLP as independent auditor for FY 2027.
- Advisory vote on the compensation of named executive officers.
- FY 2026 consolidated sales reached $2.1 billion, a 1% increase from FY 2025.
- FY 2026 GAAP diluted EPS was $2.47, a 5% increase from FY 2025.
- FY 2026 GAAP operating margin decreased 30 bps to 6.1%.
Price Impact
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