UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549-1004
FORM 8-K
Current Report Pursuant to Section 13 or 15(d)of
the Securities Exchange Act of 1934
October 10, 2007
(Date of Report (Date of Earliest Event Reported))
LA-Z-BOY INCORPORATED
(Exact name of registrant as specified in its charter)
MICHIGAN
| 1-9656
| 38-0751137
|
|---|
| | (State or other jurisdiction of | | | (Commission | | | (IRS Employer | |
| | incorporation) | | | File Number) | | | Indentification Number) | |
1284 North Telegraph Road, Monroe, Michigan
| 48162-3390
|
|---|
| (Address of principal executive offices) | | | Zip Code | | |
Registrant's telephone number, including area code(734) 242-1444
None
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.05. Costs Associated with Exit or Disposal Activities.
Effective October 10, 2007, La-Z-Boy Incorporated ("La-Z-Boy") completed the sale of the Pennsylvania House trade name and certain related assets to Universal Furniture. La-Z-Boy sold the Pennsylvania House trade name for $1.65 million and will record a pre-tax charge of $0.6 million as a result of the sale. Additionally, La-Z-Boy expects to record a pre-tax charge in the range of $3 to $4 million for liquidating the remaining inventory. The total of these charges, net of tax, will be included in "Income (loss) from discontinued operations (net of tax)" on La-Z-Boy's Consolidated Statement of Operations for the second quarter of fiscal 2008. None of the charges will result in future cash expenditures.
SIGNATURE
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 thereunto duly authorized.
| | | LA-Z-BOY INCORPORATED
(Registrant)
|
Date: October 15, 2007
| | |
BY: /S/ Louis M. Riccio, Jr.
——————————————
Louis M. Riccio, Jr.
Senior Vice President and Chief Financial Officer |
