MONROE, Mich., Aug. 20 MI-LaZBoy-PrelimReslt
MONROE, Mich., Aug. 20 /PRNewswire-FirstCall/ -- La-Z-Boy Incorporated
(NYSE: LZB) today announced the preliminary results of its Fiscal 2008 Annual
Meeting of Shareholders, held at the company's corporate headquarters in
Monroe, Michigan.
Shareholders re-elected four directors for a term of three years. They
are:
Kurt L. Darrow;
James W. Johnston;
H. George Levy, M.D; and
W. Alan McCollough.
Shareholders also voted to:
-- ratify the selection of PricewaterhouseCoopers LLP as the company's
independent registered public accounting firm for fiscal 2009; and
-- approve an amendment to La-Z-Boy's articles of incorporation
eliminating the high vote requirement for certain mergers and other
transactions.
Shareholders defeated proposals to:
-- approve amendments to the company's articles of incorporation and
bylaws reducing the vote required for shareholders to amend its bylaws
from 67% to a majority; and
-- amend the company's bylaws to reorganize the Board of Directors into
one class, with each director serving a term of one year.
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 La-Z-Boy
Casegoods Group companies are American Drew/Lea, Hammary and Kincaid.
The corporation's proprietary distribution network is dedicated
exclusively to selling La-Z-Boy Incorporated products and brands, and includes
333 stand-alone La-Z-Boy Furniture Galleries(R) stores, 21 La-Z-Boy In-Store
Galleries and 387 Comfort Studios, in addition to in-store gallery programs at
the company's Kincaid, England and Lea operating units. According to industry
trade publication In Furniture, the La-Z-Boy Furniture Galleries retail
network is North America's largest single-brand furniture retailer. Additional
information is available at http://www.la-z-boy.com/.
SOURCE La-Z-Boy Incorporated
