-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Siu10Gmf+xBfEajC8YvVCbxWxshl+3IPkGTsXMZXIS94Iet/NKb5LljB0tMeyOEX fZxnRVcrn1zST0VaXtlotg== 0000057131-07-000006.txt : 20070213 0000057131-07-000006.hdr.sgml : 20070213 20070213162548 ACCESSION NUMBER: 0000057131-07-000006 CONFORMED SUBMISSION TYPE: 10-Q/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061028 FILED AS OF DATE: 20070213 DATE AS OF CHANGE: 20070213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LA-Z-BOY INC CENTRAL INDEX KEY: 0000057131 STANDARD INDUSTRIAL CLASSIFICATION: HOUSEHOLD FURNITURE [2510] IRS NUMBER: 380751137 STATE OF INCORPORATION: MI FISCAL YEAR END: 0428 FILING VALUES: FORM TYPE: 10-Q/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-09656 FILM NUMBER: 07610567 BUSINESS ADDRESS: STREET 1: 1284 N TELEGRAPH RD CITY: MONROE STATE: MI ZIP: 48162 BUSINESS PHONE: 7342414414 MAIL ADDRESS: STREET 1: 1284 N TELEGRAPH RD CITY: MONROE STATE: MI ZIP: 48162 FORMER COMPANY: FORMER CONFORMED NAME: LA Z BOY CHAIR CO DATE OF NAME CHANGE: 19920703 10-Q/A 1 tenqall.htm

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549-1004
FORM 10-Q/A

Quarterly Report Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

FOR QUARTERLY PERIOD ENDED October 28, 2006 COMMISSION FILE NUMBER 1-9656

LA-Z-BOY INCORPORATED


(Exact name of registrant as specified in its charter)

MICHIGAN                                                                             38-0751137


(State or other jurisdiction of                                                                   (I.R.S. Employer
incorporation or organization)                                                              Identification No.)

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, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.

                                          Yes   X                                                       No         

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.  See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):

                          Large accelerated filer                  Accelerated filer    X              Non-accelerated filer          

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

                                          Yes                                                             No    X      

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date:

                       Class                                                                         Outstanding at October 28, 2006
Common Shares, $1.00 par value                                                                       51,364,209             


Explanatory Note:

The registrant hereby amends Item 2 of Part II of its Quarterly Report on Form 10-Q for the quarterly period ended October 28, 2006 to read in its entirety as set forth below.

 

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

During the second quarter of fiscal 2007, we sold shares of our common stock to our non-employee directors pursuant to our Restricted Stock Plan for Non-Employee Directors without registration under the Securities Act of 1933 in reliance on the exemption provided in Section 4(2) of the Act. In accordance with the terms of the plan, we sold these shares to our non-employee directors upon their acceptance of awards granted to them to purchase shares at 25% of their fair market value on the date of grant. The following table shows the date of these sales, the number of shares sold, and the per share and aggregate sales price.

 

Date of Sale
Number of Shares Sold
Per Share
Price

Aggregate
Price

August 2006       19,000   $

3.315

  $

62,985

 
September 2006       2,000   $

3.315

  $

6,630

 

 

Our Board of Directors has authorized the repurchase of company stock. On October 28, 1987, our Board of Directors announced the authorization of the plan to repurchase company stock. The plan originally authorized 1.0 million shares and subsequent to October 1987, 22.0 million additional shares have been added to this plan for repurchase. As of October 28, 2006, 5.4 million additional shares could be purchased pursuant to this authorization. With the cash flows we anticipate generating in fiscal 2007 we will be opportunistic in repurchasing company stock but we have no commitments for repurchases. The following table summarizes our repurchases of company stock during the period covered by this report:

(Amounts in thousands except per share data) Total number of shares repurchased
Average price paid per share
Total number of shares purchased as part of the publicly announced repurchase program
Maximum number of shares that may yet be purchased
Fiscal August (July 30 - September 2)       251   $ 12.98     251     5,353
Fiscal September (September 3 - September 30)       --     --     --     5,353
Fiscal October (October 1 - October 28)       --     --     --     5,353




Fiscal Second Quarter of 2007       251   $ 12.98     251     5,353





 

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: February 13, 2007

   

BY:  /s/ Mark Copping
——————————————
Mark Copping
Corporate Controller
On behalf of the registrant and as
Chief Accounting Officer

 
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