So, this is a four-year, multi-year transformation of what started with 15 distribution centers that will transition down to three centralized hubs, which The benefits are enormous across our enterprise, both consumer as well as internal from profitability as one can meet consumers with broader delivery radius. Two, it reduces our square footage by 30%, and three, it reduces our mileage traveled of heavy furniture by 20%, all while having better, more productive inventory, storage, et cetera.

Jun 17, 2026 / receipt, needs a key / Taylor Zegon, CFO | earnings call 2026-06-17 | transcript 0b070fa7-c771-41a9-aad7-0cdf1c81b29a | chars 32457-32954 | segment 31

As a result of this action, during the first quarter of fiscal 2027, we recorded charges within the Wholesale segment of $9.3 million in SG&A expense for the impairment of various long-lived assets and $3.0 million in cost of sales primarily related to severance expense.

filing / Aug 18, 2026 / receipt

As a result of this action, we recorded charges of $5.0 million in cost of sales within Corporate and Other for severance expense, accelerated depreciation, and accelerated lease expense.

filing / Aug 18, 2026 / receipt

Miscellaneous: We reimburse directors for their cost of travel, lodging, and related reasonable expenses incurred in the performance of their duties, including for participation in director education programs.

filing / Jul 15, 2026 / receipt

• Chief Lodging Services Officer, The Americas of Marriott International, Inc. (2015 - 2020) • Formerly held various other senior leadership roles with Marriott International, Inc., including for several of Marriott's largest brands • Associate member of the Inclusion and Social Impact Committee of the Marriott International, Inc.

filing / Jul 15, 2026 / receipt

Drive cost optimization and efficiency 2 La-Z-Boy Incorporated Proxy Statement Summary Our FY 2026 Operational Highlights In FY 2026, we delivered solid results with consolidated sales of $2.1 billion, an increase of 1% from the prior fiscal year, despite dampened consumer demand in the furniture industry as a result of the macroeconomic environment.

filing / Jul 15, 2026 / receipt

Drive cost optimization and efficiency Our FY 2026 Operational Highlights In FY 2026, we delivered solid results with consolidated sales of $2.1 billion, an increase of 1% from the prior fiscal year, despite dampened consumer demand in the furniture industry as a result of the macroeconomic environment.

filing / Jul 15, 2026 / receipt

The distribution transformation charges in FY 2026 include accelerated lease expense, severance costs, and costs associated with exiting former distribution centers.

filing / Jul 15, 2026 / receipt

The supply chain optimization charges in FY 2026 include severance costs, the write-down of inventory and the reclassification of accumulated foreign currency translation, all of which relate to the closure of our U.K.

filing / Jul 15, 2026 / receipt

50-75 bps improvement from distribution and home delivery transformation reached over multi-year timeline

ir_statement / Sep 15, 2026 / receipt

closure of U.K. manufacturing facility

ir_statement / Sep 15, 2026 / receipt

Exiting non-core businesses and optimizing supply chain

ir_statement / Sep 15, 2026 / receipt

Grow profitably and focus on improving productivity of accretive store openings

ir_statement / Sep 15, 2026 / receipt