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    La-Z-Boy Incorporated (LZB)

    24.95 Down 0.27(1.07%) Feb 27, 4:04PM EST
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    La-Z-Boy Incorporated
    1284 North Telegraph Road
    Monroe, MI 48162
    United States - Map
    Phone: 734-242-1444
    Website: http://www.la-z-boy.com

    Index Membership:N/A
    Sector:Consumer Goods
    Industry:Home Furnishings & Fixtures
    Full Time Employees:8,300

    Business Summary 

    La-Z-Boy Incorporated manufactures, markets, imports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States and Canada. The company also produces reclining chairs; and manufactures/distributes residential furniture in the United States. It operates in three segments: Upholstery, Casegoods, and Retail. The Upholstery segment manufactures or imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. This segment sells its products directly to La-Z-Boy Furniture Galleries stores, operators of Comfort Studios locations, dealers, and other independent retailers. The Casegoods segment manufactures, imports, markets, and distributes casegoods furniture, including bedroom sets, dining room sets, entertainment centers and occasional pieces, and upholstered furniture. This segment sells its products to dealers and other independent retailers under the American Drew, Hammary, and Kincaid brands. The Retail segment sells upholstered furniture, casegoods, and other accessories to the end consumer through its retail network. As of August 19, 2014, this segment marketed La-Z-Boy products and brands through 317 stand-alone La-Z-Boy Furniture Galleries stores and 586 independent Comfort Studio locations, as well as in-store gallery programs for its Kincaid and England operating units. The company was formerly known as La-Z-Boy Chair Company and changed its name to La-Z-Boy Incorporated in 1996. La-Z-Boy Incorporated was founded in 1927 and is based in Monroe, Michigan.

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    Corporate Governance 
    La-Z-Boy Incorporated’s ISS Governance QuickScore as of Feb 1, 2015 is 2. The pillar scores are Audit: 1; Board: 2; Shareholder Rights: 4; Compensation: 2.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Kurt L. Darrow , 60
    Chairman, Chief Exec. officer and Pres
    Mr. Louis M. Riccio Jr., 52
    Chief Financial Officer and Sr. VP
    Mr. Steven M. Kincaid , 66
    Sr. VP and Pres of Casegoods Product
    Mr. Otis S. Sawyer , 57
    Sr. VP and Pres of Non-Branded Upholstery Product
    Mr. Mark S. Bacon Sr., 52
    Sr. VP and Pres of Branded Bus.
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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