UNITED
STATES
SECURITIES AND EXCHANGE
COMMISSION
the
Securities Exchange Act of 1934
(Date of
Report (Date of Earliest Event Reported))
(Exact
name of registrant as specified in its charter)
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MICHIGAN
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1-9656
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38-0751137
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(State
or other jurisdiction of
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(Commission
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(IRS
Employer
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incorporation)
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File
Number)
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Identification
Number)
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1284
North Telegraph Road, Monroe, Michigan
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48162-3390
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(Address
of principal executive offices)
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Zip
Code
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Registrant's
telephone number, including area code (734)
242-1444
None
(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:
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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On
November 15, 2010, La-Z-Boy Incorporated issued a news release to announce the
company’s fiscal 2011 second quarter sales, as well as to announce the delay of
the company’s release of operating results for the second quarter ended October
23, 2010. A copy of the news release is attached to this current
report on Form 8-K as Exhibit 99.1.
The
information in Item 2.02 of this report and the related exhibit (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 of that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933 or the Exchange Act, except as
expressly set forth by specific reference in such a filing.
Item
9.01 Financial Statements and Exhibits
(d)
The following exhibit is filed or furnished as part of this report:
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Description
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99.1
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News
Release Dated November 15, 2010
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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 thereunto
duly authorized.
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LA-Z-BOY INCORPORATED
(Registrant)
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Date:
November 17, 2010
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BY: /s/ Margaret L. Mueller | ||
| Margaret L. Mueller | |||
| Corporate Controller | |||
EXHIBIT
99.1
NEWS RELEASE
| Contact: Kathy Liebmann | 734-241-2438 | kathy.liebmann@la-z-boy.com |
La-Z-Boy Announces Fiscal
2011 Second-Quarter Sales;
Delays Release of Operating
Results
MONROE,
MI., November 15, 2010 – La-Z-Boy Incorporated (NYSE: LZB) today announced net
sales for the fiscal 2011 second quarter of $293 million, down 2.6% from the
prior year’s second quarter, reflecting weakness in the housing market and low
levels of consumer confidence. The company also announced that it is
delaying the release of its fiscal 2011 second-quarter operating results in
order to finalize accounting issues primarily involving the company’s dealer
entities that are consolidated as Variable Interest Entities
(VIEs). La-Z-Boy believes the accounting issues will have no impact
to the company’s second-quarter earnings per share, as adjustments will be made
to prior periods.
La-Z-Boy
Incorporated expects to report its fiscal 2011 second-quarter operating results
after the close of trading on the New York Stock Exchange on Monday, November
22, 2010, and hold its quarterly investor conference call at 8:30 a.m. Eastern
Time the following day, Tuesday, November 23,
2010.
The
dial-in phone number for the live conference call will be (877) 407-0778 for
persons calling from within the U.S. or Canada, and the number for international
callers will be (201) 689-8565. The call will also be webcast live and archived
on the Internet, and will be available at http://www.la-z-boy.com/About/Investor-Relations/Conference-Calls/.
A telephone replay will be available for a week following the call. This replay
will be accessible to callers from the U.S. and Canada at (877) 660-6853 and to
international callers at (201) 612-7415. Enter account #286 with Conference ID
#360478.
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: http://www.la-z-boy.com/About/Investor-Relations/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: http://www.la-z-boy.com/About/Investor-Relations/Email-Alerts/
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 Group
companies are Bauhaus, England and La-Z-Boy. The operating units in the
Casegoods Group consist of two groups, one including American Drew, Lea and
Hammary, and the second being Kincaid.
The
corporation’s proprietary distribution network is dedicated exclusively to
selling La-Z-Boy Incorporated products and brands, and includes 304 stand-alone
La-Z-Boy Furniture Galleries® stores and 519 independent Comfort Studios®, in
addition to in-store gallery programs for the company’s Kincaid, England and Lea
operating units. Additional information is available at http://www.la-z-boy.com/.