1 unchanged sentence
Our board of directors has authorized the purchase of company stock.
−Removed: During the fourth quarter of fiscal 2019, pursuant to the existing board authorization, we adopted a plan to purchase company stock pursuant to Rule 10b5-1 of the Securities Exchange Act of 1934.
−Removed: The plan was effective October 28, 2019.
−Removed: Under this plan, our broker has the authority to purchase company shares on our behalf, subject to SEC regulations and the price, market volume and timing constraints specified in the plan.
−Removed: The plan expired at the close of business on January 24, 2020.
−Removed: We spent $12.2 million in the third quarter of fiscal 2020 to purchase 0.4 million shares.
−Removed: As of January 25, 2020 , 4.8 million shares remained available for purchase pursuant to the board authorization.
−Removed: With the cash flows we anticipate generating in fiscal 2020 , we expect to continue being opportunistic in purchasing company stock.
−Removed: The following table summarizes our purchases of company stock during the quarter ended January 25, 2020 :
+Added: As of July 25, 2020 , 4.5 million shares remained available for purchase pursuant to this authorization.
+Added: As announced on March 29, 2020, share repurchases under the board of directors’ prior authorization were temporarily halted to prioritize near-term financial flexibility in response to the impact of COVID-19, as such, there were no share repurchases under the authorized plan in the first quarter of fiscal 2021.
+Added: Amounts in the table below include shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted and performance-based shares.
+Added: The following table summarizes our purchases of company stock during the quarter ended July 25, 2020 :
(Unaudited, amounts in thousands, except per share data)
3 unchanged sentences
Maximum number of shares that may yet be purchased under the plan
−Removed: Fiscal November (October 27 – November 30, 2019)
−Removed: Fiscal December (December 1 – December 28, 2019)
−Removed: Fiscal January (December 29 – January 25, 2020)
−Removed: Fiscal Third Quarter of 2020
−Removed: In addition to the 377,662 shares we purchased during the quarter as part of our publicly announced, board-authorized plan described above, this column includes 1,215 shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted shares.
+Added: Fiscal May (April 26 – May 30, 2020)
+Added: Fiscal June (May 31 – June 27, 2020)
+Added: Fiscal July (June 28 – July 25, 2020)
+Added: Fiscal First Quarter of 2021
+Added: There were no shares purchased during the quarter as part of our publicly announced, board-authorized plan described above.
+Added: Amount includes 63.506 shares purchased from employees to satisfy their withholding tax obligations upon vesting of restricted and performance-based shares.
On October 28, 1987, our board of directors announced the authorization of the plan to repurchase company stock.
1 unchanged sentence
The authorization has no expiration date.
−Removed: Amendment Number One to Second Amended and Restated Credit Agreement, dated December 13, 2019
+Added: La-Z-Boy Incorporated 2017 Omnibus Incentive Plan Revised Sample Award Agreement effective June 22, 2020
Certifications of Chief Executive Officer pursuant to Rule 13a14(a)
8 unchanged sentences
Inline XBRL Taxonomy Extension Definition Linkbase Document
−Removed: The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended January 25, 2020, formatted in Inline XBRL (included in Exhibit 101)
+Added: The cover page from the Company’s Quarterly Report on Form 10-Q for the quarter ended July 25, 2020, formatted in Inline XBRL (included in Exhibit 101)
+Added: Indicates a management contract or compensatory plan or arrangement under which a director or executive officer may receive benefits.
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
−Removed: February 18, 2020
−Removed: /s/ Lindsay A.
−Removed: Vice President, Corporate Controller and Chief Accounting Officer
+Added: August 18, 2020
+Added: BY:/s/Lindsay A.
+Added: Vice President, Corporate Controller, Chief Accounting Officer and Treasurer
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.