LZB - La-Z-Boy Incorporated

NYSE - NYSE Delayed Price. Currency in USD

La-Z-Boy Incorporated

One La-Z-Boy Drive
Monroe, MI 48162
United States
734-242-1444
http://www.la-z-boy.com

SectorConsumer Cyclical
IndustryHome Furnishings & Fixtures
Full Time Employees9,700

Key Executives

NameTitlePayExercisedYear Born
Mr. Kurt L. DarrowChairman, Pres & CEO1.91MN/A1955
Mr. Darrell Dewain EdwardsSr. VP & COO731.76k291.8k1964
Mr. Otis S. SawyerSr. VP & Pres of La-Z-Boy Portfolio Brands633.4kN/A1958
Ms. Melinda D. WhittingtonSr. VP & CFON/AN/A1968
Ms. Lindsay A. BarnesVP, Corp. Controller & Chief Accounting OfficerN/AN/A1978
Amounts are as of December 31, 2018 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.

Description

La-Z-Boy Incorporated manufactures, markets, imports, exports, distributes, and retails upholstery furniture products, accessories, and casegoods furniture products in the United States, Canada, and internationally. It operates through Upholstery, Casegoods, and Retail segments. The Upholstery segment manufactures and imports upholstered furniture, such as recliners and motion furniture, sofas, loveseats, chairs, sectionals, modulars, ottomans, and sleeper sofas. It sells its products directly to La-Z-Boy Furniture Galleries stores, operators of La-Z-Boy Comfort Studio locations, England Custom Comfort Center locations, dealers, and other independent retailers. The Casegoods segment imports, markets, and distributes casegoods (wood) furniture, including bedroom sets, dining room sets, entertainment centers, and occasional pieces, as well as manufactures upholstered furniture. This segment sells its products to dealers, La-Z-Boy Furniture Galleries stores, 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. It operates a network of 156 company-owned La-Z-Boy Furniture Galleries stores. La-Z-Boy Incorporated also produces reclining chairs; and manufactures and distributes residential furniture. 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.

Corporate Governance

La-Z-Boy Incorporated’s ISS Governance QualityScore as of June 25, 2019 is 2. The pillar scores are Audit: 1; Board: 4; Shareholder Rights: 5; Compensation: 1.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.