La-Z-Boy shareholders back directors, pay plan
Rhea-AI Filing Summary
LA-Z-BOY INC (LZB) reported results of its 2026 Annual Meeting of Shareholders held on August 25, 2026. Of 40,011,207 common shares eligible to vote, 37,517,123 were present in person or by proxy. All ten director nominees were elected to serve until the 2027 annual meeting, each receiving over 32.6 million votes in favor with broker non-votes of 2,139,545 for each nominee.
Shareholders ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal year 2027 with 36,640,250 votes for, 796,962 against, and 79,911 abstentions. A non-binding advisory resolution approving the compensation of named executive officers passed with 34,505,041 votes for, 805,386 against, 67,151 abstentions, and 2,139,545 broker non-votes.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.07, 9.01
2 items
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Shares eligible to vote: 40,011,207 shares
Shares present or represented by proxy: 37,517,123 shares
Votes for lowest-supported director nominee: 32,673,913 shares
+5 more
8 metrics
Shares eligible to vote
40,011,207 shares
Common stock eligible to vote at the 2026 Annual Meeting
Shares present or represented by proxy
37,517,123 shares
Shares present in person or by proxy at the 2026 Annual Meeting
Votes for lowest-supported director nominee
32,673,913 shares
Votes for director nominee Lauren B. Peters
Auditor ratification votes for
36,640,250 shares
Votes for ratifying PricewaterhouseCoopers LLP for fiscal 2027
Auditor ratification votes against
796,962 shares
Votes against ratifying PricewaterhouseCoopers LLP for fiscal 2027
Say-on-pay votes for
34,505,041 shares
Votes for non-binding advisory approval of named executive officer compensation
Say-on-pay votes against
805,386 shares
Votes against non-binding advisory approval of named executive officer compensation
Broker non-votes on director election and say-on-pay
2,139,545 shares
Broker non-votes recorded on each director proposal and the say-on-pay proposal
Key Terms
broker non-votes, non-binding advisory vote, independent registered public accounting firm, emerging growth company
4 terms
broker non-votes financial
"Shares Voted For | Shares Voted Withheld | Broker Non-Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
non-binding advisory vote financial
"Approve, through a non-binding advisory vote, the compensation"
A non-binding advisory vote is a shareholder vote that expresses investors’ opinion on a proposal (such as executive pay, corporate policy, or governance practices) but does not legally force the company to act. Think of it like a customer survey: it signals whether owners approve or disapprove and can pressure boards and managers to change course, so investors watch the result as an indicator of governance risk and potential future shifts in company strategy or leadership.
independent registered public accounting firm financial
"as the Company’s independent registered public accounting firm for fiscal year 2027"
An independent registered public accounting firm is an outside accounting company officially registered with the government regulator to examine and report on a public company's financial records and controls. Investors treat its reports like an impartial inspector’s certificate — they add credibility to financial statements, help spot errors or misleading claims, and reduce the risk that shareholders are relying on unchecked or biased numbers.
emerging growth company regulatory
"Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
FAQ
Were all director nominees elected at LA-Z-BOY INC (LZB)'s 2026 annual meeting?
Yes. All ten director nominees were elected, each receiving at least 32,673,913 votes for, with 2,139,545 broker non-votes reported for each nominee.
AI-generated analysis. How Rhea-AI works. Not financial advice.
