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
March 29, 2001
(Date of Report (Date of Earliest Event Reported))
LA-Z-BOY INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
Michigan
(State or Other Jurisdiction of Incorporation)
1-9656
(Commission File Number)
38-0751137
(I.R.S. Employer Identification No.)
1284 N. Telegraph Road
Monroe, Michigan 48162
(Address of Principal Executive Offices, Including Zip Code)
(734) 241-4414
(Registrant's Telephone Number, Including Area Code)
[not applicable]
(Former Name or Former Address If Changed Since Last Report)
Item 5. Other Events
On March 29, 2001, La-Z-Boy Incorporated released the following news release:
LA-Z-BOY INCORPORATED NAMES NEW CFO
MONROE, MI March 29, 2001 - La-Z-Boy Incorporated announced today that David M.
Risley will join the corporation as Senior Vice President and Chief Financial
Officer, replacing Frederick H. ("Fritz") Jackson, who will retire April 30,
2001.
La-Z-Boy president Jerry Kiser said, "We are delighted to have attracted an
executive of David Risley's caliber to succeed Fritz Jackson, who has served our
company so ably and so well for so many years. David has 25 years of increasing
management responsibility in a variety of financial management positions, most
recently as VP Finance and CFO of Aeroquip-Vickers, Inc., which was subsequently
acquired by Cleveland, OH-based Eaton Inc. David's years of financial management
experience within a global manufacturing environment and his strong and
successful track record make him an ideal selection to help lead the La-Z-Boy
organization moving forward."
Kiser added, "It has been a real challenge finding a suitable successor for
Fritz, who has served this company with unwavering dedication since joining
La-Z-Boy in 1969. During his tenure, La-Z-Boy grew from a mid-sized furniture
manufacturer to the leading company in our industry today.
We will miss Fritz very much, and want to wish him the very best in his
retirement years."
With annual sales in excess of $2 billion, La-Z-Boy Incorporated is one of the
world's leading residential furniture producers, employing about 21,000 people
company wide and operating 56 manufacturing facilities in 11 states and four
foreign countries. The La-Z-Boy family of companies produces furniture for every
room of the home and office: La-Z-Boy Residential, La-Z- Boy Business Furniture
Group, Hammary, Kincaid, England, Centurion, Sam Moore, Bauhaus, Alexvale,
American Drew, Pennsylvania House, Lea, Pilliod, Barclay, and Clayton Marcus.
Under the American of Martinsville brand name, La-Z-Boy is also a leading
manufacturer of contract room furniture for the hospitality and assisted-living
markets.
With its vast distribution network of proprietary retailers, including 287
La-Z-Boy Furniture Galleries(R) and 319 La-Z-Boy In-Store Gallerys, England
Custom Comfort Centers, in-store gallery programs at Kincaid, Pennsylvania House
and Clayton Marcus and Lea's Kid's Generation Galleries, over 9 million square
feet of retail floor space is dedicated exclusively to selling La-Z- Boy
Incorporated products. According to industry trade publication Furniture/Today,
the La-Z-Boy Furniture Galleries retail network by itself represents the
industry's sixth largest U.S. furniture retailer. La-Z-Boy's stock is traded on
the New York and Pacific stock exchanges under the trading symbol: LZB.
SIGNATURES
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
/s/ James J. Korsnack
------------------------
Date: March 29, 2001 James J. Korsnack
Chief Accounting Officer