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of Contents](#i36b4d604e71c4a579202ade7c657711a_7)\n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\nFORM 10-K\n\n(Mark One)\n\n☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the fiscal year ended April 25, 2026\n\nOR\n\n☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\nFor the transition period from                                    to                                   \n\nCOMMISSION FILE NUMBER 1-9656\n\nLA-Z-BOY INCORPORATED\n\n(Exact name of registrant as specified in its charter)\n\nMichigan\n38-0751137\n\n(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)\n\nOne La-Z-Boy Drive,Monroe,Michigan48162-5138\n\n(Address of principal executive offices)(Zip Code)\n\nRegistrant's telephone number, including area code: (734) 242-1444\n\nSecurities registered pursuant to Section 12(b) of the Act:\n\nTitle of each classTrading Symbol(s)Name of each exchange on which registered\n\nCommon Stock, $1.00 par valueLZBNew York Stock Exchange\n\nSecurities registered pursuant to Section 12(g) of the Act: None\n\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☒    No ☐\n\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ☐    No ☒\n\nIndicate 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 ☒    No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒    No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of \"large accelerated filer,\" \"accelerated filer,\" \"smaller reporting company,\" and \"emerging growth company\" in Rule 12b-2 of the Exchange Act.\n\nLarge accelerated filer☒Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐\n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐\n\nIndicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.     ☒\n\nIf securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐\n\nIndicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐    No ☒\n\nBased on the closing sales price as reported on the New York Stock Exchange on October 24, 2025, the aggregate market value of the registrant's common stock held by non-affiliates of the registrant on that date was approximately $1,339 million.\n\nThe number of shares of common stock, $1.00 par value, of the registrant outstanding as of June 9, 2026 was 39,897,378.\n\nDOCUMENTS INCORPORATED BY REFERENCE:\n\n(1)Portions of the registrant's definitive proxy statement to be filed with the Securities and Exchange Commission pursuant to Regulation 14A for its 2026 Annual Meeting of Shareholders are incorporated by reference into Part III of this Form 10-K.\n\n[Table of Contents](#i36b4d604e71c4a579202ade7c657711a_7)\n\nLA-Z-BOY INCORPORATED\n\nANNUAL REPORT ON FORM 10-K FOR FISCAL 2026\n\nTABLE OF CONTENTS\n\n  Page\nNumber(s)\n\n[Cautionary Note Regarding Forward-Looking Statements](#i36b4d604e71c4a579202ade7c657711a_10)\n\n[3](#i36b4d604e71c4a579202ade7c657711a_10)\n\nPART I\n\n[Item 1](#i36b4d604e71c4a579202ade7c657711a_16)\n\n[Business](#i36b4d604e71c4a579202ade7c657711a_16)\n\n[4](#i36b4d604e71c4a579202ade7c657711a_16)\n\n[Item 1A](#i36b4d604e71c4a579202ade7c657711a_19)\n\n[Risk Factors](#i36b4d604e71c4a579202ade7c657711a_19)\n\n[11](#i36b4d604e71c4a579202ade7c657711a_19)\n\n[Item 1B](#i36b4d604e71c4a579202ade7c657711a_22)\n\n[Unresolved Staff Comments](#i36b4d604e71c4a579202ade7c657711a_22)\n\n[18](#i36b4d604e71c4a579202ade7c657711a_22)\n\n[Item 1C](#i36b4d604e71c4a579202ade7c657711a_25)\n\n[Cybersecurity](#i36b4d604e71c4a579202ade7c657711a_25)\n\n[18](#i36b4d604e71c4a579202ade7c657711a_25)\n\n[Item 2](#i36b4d604e71c4a579202ade7c657711a_28)\n\n[Properties](#i36b4d604e71c4a579202ade7c657711a_28)\n\n[19](#i36b4d604e71c4a579202ade7c657711a_28)\n\n[Item 3](#i36b4d604e71c4a579202ade7c657711a_31)\n\n[Legal Proceedings](#i36b4d604e71c4a579202ade7c657711a_31)\n\n[19](#i36b4d604e71c4a579202ade7c657711a_31)\n\n[Item 4](#i36b4d604e71c4a579202ade7c657711a_34)\n\n[Mine Safety Disclosures](#i36b4d604e71c4a579202ade7c657711a_34)\n\n[19](#i36b4d604e71c4a579202ade7c657711a_34)\n\n[Information About Our Executive Officers](#i36b4d604e71c4a579202ade7c657711a_37)\n\n[20](#i36b4d604e71c4a579202ade7c657711a_37)\n\nPART II\n\n[Item 5](#i36b4d604e71c4a579202ade7c657711a_43)\n\n[Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities](#i36b4d604e71c4a579202ade7c657711a_43)\n\n[21](#i36b4d604e71c4a579202ade7c657711a_43)\n\n[Item 6](#i36b4d604e71c4a579202ade7c657711a_46)\n\n[Reserved](#i36b4d604e71c4a579202ade7c657711a_46)\n\n[22](#i36b4d604e71c4a579202ade7c657711a_46)\n\n[Item 7](#i36b4d604e71c4a579202ade7c657711a_49)\n\n[Management's Discussion and Analysis of Financial Condition and Results of Operations](#i36b4d604e71c4a579202ade7c657711a_49)\n\n[22](#i36b4d604e71c4a579202ade7c657711a_49)\n\n[Item 7A](#i36b4d604e71c4a579202ade7c657711a_79)\n\n[Quantitative and Qualitative Disclosures About Market Risk](#i36b4d604e71c4a579202ade7c657711a_79)\n\n[31](#i36b4d604e71c4a579202ade7c657711a_79)\n\n[Item 8](#i36b4d604e71c4a579202ade7c657711a_82)\n\n[Financial Statements and Supplementary Data](#i36b4d604e71c4a579202ade7c657711a_82)\n\n[33](#i36b4d604e71c4a579202ade7c657711a_82)\n\n[Item 9](#i36b4d604e71c4a579202ade7c657711a_169)\n\n[Changes in and Disagreements with Accountants on Accounting and Financial Disclosure](#i36b4d604e71c4a579202ade7c657711a_169)\n\n[72](#i36b4d604e71c4a579202ade7c657711a_169)\n\n[Item 9A](#i36b4d604e71c4a579202ade7c657711a_172)\n\n[Controls and Procedures](#i36b4d604e71c4a579202ade7c657711a_172)\n\n[72](#i36b4d604e71c4a579202ade7c657711a_172)\n\n[Item 9B](#i36b4d604e71c4a579202ade7c657711a_175)\n\n[Other Information](#i36b4d604e71c4a579202ade7c657711a_175)\n\n[72](#i36b4d604e71c4a579202ade7c657711a_175)\n\n[Item 9C](#i36b4d604e71c4a579202ade7c657711a_181)\n\n[Disclosure Regarding Foreign Jurisdictions that Prevent Inspections](#i36b4d604e71c4a579202ade7c657711a_181)\n\n[72](#i36b4d604e71c4a579202ade7c657711a_181)\n\nPART III\n\n[Item 10](#i36b4d604e71c4a579202ade7c657711a_187)\n\n[Directors, Executive Officers, and Corporate Governance](#i36b4d604e71c4a579202ade7c657711a_187)\n\n[73](#i36b4d604e71c4a579202ade7c657711a_187)\n\n[Item 11](#i36b4d604e71c4a579202ade7c657711a_190)\n\n[Executive Compensation](#i36b4d604e71c4a579202ade7c657711a_190)\n\n[73](#i36b4d604e71c4a579202ade7c657711a_190)\n\n[Item 12](#i36b4d604e71c4a579202ade7c657711a_193)\n\n[Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters](#i36b4d604e71c4a579202ade7c657711a_193)\n\n[74](#i36b4d604e71c4a579202ade7c657711a_193)\n\n[Item 13](#i36b4d604e71c4a579202ade7c657711a_196)\n\n[Certain Relationships and Related Transactions, and Director Independence](#i36b4d604e71c4a579202ade7c657711a_196)\n\n[74](#i36b4d604e71c4a579202ade7c657711a_196)\n\n[Item 14](#i36b4d604e71c4a579202ade7c657711a_199)\n\n[Principal Accountant Fees and Services](#i36b4d604e71c4a579202ade7c657711a_199)\n\n[74](#i36b4d604e71c4a579202ade7c657711a_199)\n\nPART IV\n\n[Item 15](#i36b4d604e71c4a579202ade7c657711a_205)\n\n[Exhibits and Financial Statement Schedules](#i36b4d604e71c4a579202ade7c657711a_205)\n\n[75](#i36b4d604e71c4a579202ade7c657711a_205)\n\n[Item 16](#i36b4d604e71c4a579202ade7c657711a_208)\n\n[Form 10-K Summary](#i36b4d604e71c4a579202ade7c657711a_208)\n\n[77](#i36b4d604e71c4a579202ade7c657711a_208)\n\n2    \n\n[Table of Contents](#i36b4d604e71c4a579202ade7c657711a_7)\n\nCautionary Note Regarding Forward-Looking Statements\n\nIn this Annual Report on Form 10-K (\"Annual Report\"), La-Z-Boy Incorporated and its subsidiaries (individually and collectively, \"we,\" \"our,\" \"us,\" \"La-Z-Boy\" or the \"Company\") make \"forward-looking\" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, forward-looking statements include information concerning expectations, projections or trends relating to our results of operations, financial results, financial condition, strategic initiatives and plans, expenses, dividends, share repurchases, liquidity, use of cash and cash requirements, borrowing capacity, investments, future economic performance, and our business and industry.\n\nForward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements may include words such as \"aim,\" \"anticipates,\" \"believes,\" \"continues,\" \"estimates,\" \"expects,\" \"feels,\" \"forecasts,\" \"hopes,\" \"intends,\" \"likely,\" \"non-recurring,\" \"one-time,\" \"outlook,\" \"plans,\" \"projects,\" \"seeks,\" \"short-term,\" \"target,\" \"unusual,\" or words of similar meaning, or future or conditional verbs, such as \"will,\" \"should,\" \"could,\" or \"may.\" A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. You should not place undue reliance on forward-looking statements, which speak to our views only as of the date of this Annual Report. These forward-looking statements are all based on currently available operating, financial, and competitive information and are subject to various risks and uncertainties, many of which are unforeseeable and beyond our control. Additional risks and uncertainties that we do not presently know about or that we currently consider to be immaterial may also affect our business operations and financial performance.\n\nOur actual future results and trends may differ materially from those we anticipate depending on a variety of factors, including, but not limited to, the risks and uncertainties discussed in this Annual Report under Item 1A, \"Risk Factors\" and Item 7, \"Management’s Discussion and Analysis of Financial Condition and Results of Operations\". Given these risks and uncertainties, you should not rely on forward-looking statements as a prediction of actual results. Any or all of the forward-looking statements contained in this Annual Report or any other public statement made by us, including by our management, may turn out to be incorrect. We are including this cautionary note to make applicable and take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 for forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or for any other reason.\n\n3    \n\n[Table of Contents](#i36b4d604e71c4a579202ade7c657711a_7)\n\nPART I"}