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La-Z-Boy Incorporated ( (LZB) ) just unveiled an announcement.
La-Z-Boy Incorporated has amended its bylaws to refine procedures and disclosure requirements regarding shareholder nominations and proposals at meetings. Additionally, the Board of Directors has appointed Melinda D. Whittington as Chair, following her role as President and CEO. Former Chair Michael T. Lawton will return to his previous position as independent Lead Director. These leadership changes are expected to enhance strategic vision and operational excellence, fostering long-term, sustainable value for stakeholders.
More about La-Z-Boy Incorporated
La-Z-Boy Incorporated, founded in 1927, is a vertically integrated furniture retailer and manufacturer known for its iconic recliners. The company operates a Retail segment with 193 company-owned La-Z-Boy Furniture Galleries® stores and is part of a larger network of over 350 stores, along with e-commerce operations through Joybird®. In the Wholesale segment, it manufactures custom furniture for various retail channels and offers casegoods brands such as Kincaid®, American Drew®, and Hammary®.
YTD Price Performance: 22.92%
Average Trading Volume: 419,823
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.84B
Learn more about LZB stock on TipRanks’ Stock Analysis page.
