MONROE, Mich. — La-Z-Boy Inc. named Mark S. LaVigne to its board of directors, expanding the board to 10 members. He will serve on the board’s audit committee.

LaVigne is the president and CEO of Energizer Holdings. Also an attorney, he has expertise in corporate law, including mergers, acquisitions and securities. Energizer’s brand portfolio includes Energizer, Ray-O-Vac and Eveready batteries and portable lighting, and auto care brands such as Armor All, STP and Lexol.

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Summary

• La-Z-Boy’s retail focus could mean weakness in growth ahead.
• Although the company has had strong earnings growth, its free cash flow growth isn’t picking up.
• Combining the two could mean a slowdown in the near term that impacts both its shareholder return and acquisitions.

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US Bancorp DE cut its stake in shares of La-Z-Boy Incorporated (NYSE:LZB) by 31.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,643 shares of the company’s stock after selling 3,464 shares during the period. US Bancorp DE’s holdings in La-Z-Boy were worth $173,000 as of its most recent SEC filing.

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Versor Investments LP acquired a new stake in shares of La-Z-Boy Incorporated (NYSE:LZB) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,861 shares of the company’s stock, valued at approximately $200,000.

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