Every material Form 8-K La-Z-Boy filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
La-Z-Boy's board elected William C. Boor as an independent director effective immediately, with his election dated December 8, 2025. Boor has been president and CEO of Cavco Industries since April 15, 2019, and he joins the Audit Committee, which puts an experienced public-company CEO in a financial oversight role.
Board elected William C. Boor on December 8, 2025; his term runs until the 2026 annual meeting of shareholders
Board size increases to 10 members with his election
Boor will serve on the Audit Committee and receive the standard non-employee director compensation
Board approved restricted stock unit grant with a grant date value of $96,165, effective January 15, 2026
La-Z-Boy reported fiscal second-quarter sales of $522 million, up slightly from a year earlier, while GAAP operating income fell 7% and GAAP diluted EPS was $0.70 versus $0.71. The company also completed a 15-store acquisition, plans to exit non-core businesses, proposed closing its U.K. manufacturing facility, and guided third-quarter sales of $525-545 million.
Sales of $522 million for the quarter ended October 25, 2025, up 0.3%; GAAP operating income of $36.2 million, down 7%.
GAAP diluted EPS of $0.70 versus $0.71 a year earlier; adjusted diluted EPS flat at $0.71.
Third-quarter outlook: sales of $525-545 million and adjusted operating margin of 5.0-6.5%.
Quarterly dividend raised 10% to $0.242 per share, payable December 15, 2025, to holders of record on December 4, 2025.
La-Z-Boy reported fiscal first-quarter 2026 results for the quarter ended July 26, 2025, with sales down 1% and GAAP diluted EPS down 28% from a year earlier. The company also guided to fiscal second-quarter sales of $510 million to $530 million and an adjusted operating margin of 4.5% to 6.0%, and said it is evaluating alternatives to address financial pressure from non-core parts of its business.
Sales were $492 million, down 1% from $495.5 million a year earlier; Retail written sales rose 5%, but Retail same-store written sales fell 4%.
GAAP diluted EPS was $0.44 versus $0.61; adjusted diluted EPS was $0.47 versus $0.62.
GAAP operating margin was 4.5% versus 6.5%; Joybird delivered sales fell 20% to $28 million.
Second-quarter outlook: sales of $510 million to $530 million and adjusted operating margin of 4.5% to 6.0%.
La-Z-Boy entered a Second Amendment to its Credit Agreement on July 1, 2025, extending the revolving credit facility's maturity from October 15, 2026 to July 1, 2030. The amendment also raises the accordion basket for incremental loans from $100 million to $125 million and loosens the fixed charge coverage covenant from 1.75 to 1.00 to 1.50 to 1.00.
Maturity extended from October 15, 2026 to July 1, 2030
Revolving credit facility totals $200 million, including a $50 million letter of credit sub-limit
Accordion basket for additional incremental loans raised from $100 million to $125 million, subject to conditions
Fixed charge coverage ratio requirement lowered from 1.75 to 1.00 to 1.50 to 1.00; Wells Fargo is administrative agent
La-Z-Boy director James P. Hackett told the company on June 18, 2025, that he will not stand for re-election at its upcoming 2025 Annual Meeting of Shareholders. The filing says the decision is not due to any disagreement with the company on its operations, policies or practices.
Director James P. Hackett informed the company on June 18, 2025 of his decision.
He will not stand for re-election at the 2025 Annual Meeting of Shareholders.
The filing states no disagreement with the company on operations, policies or practices.
The company and board thanked Mr. Hackett for his years of service.
La-Z-Boy reported fiscal third-quarter 2025 results for the quarter ended January 25, 2025, with sales up 4% to $522 million and GAAP diluted EPS of $0.68, up from $0.66 a year earlier. The company guided fiscal fourth-quarter sales to $545-565 million and Non-GAAP operating margin to 8.5-9.5%, assuming no significant changes in tariffs. The board also declared a $0.22 quarterly dividend, and the company has returned $90 million to shareholders year to date.
Third-quarter sales were $522 million, up 4%; Retail segment sales rose 11% to $228 million
GAAP net income attributable to La-Z-Boy fell 1% to $28.4 million, while GAAP diluted EPS rose to $0.68 from $0.66
Fourth-quarter outlook: sales of $545-565 million and Non-GAAP operating margin of 8.5-9.5%, assuming no significant tariff changes
Quarterly dividend of $0.22 per share, payable March 14, 2025 to holders of record on March 4, 2025
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every La-Z-Boy filing is on SEC EDGAR ↗. 8-K briefs of other companies →