La-Z-Boy Announces Passing of Steve Kincaid
June 22 2020 - 04:15PM
With great sadness, La-Z-Boy Incorporated (NYSE: LZB) today
announced that Steve Kincaid passed away over the weekend. A
veteran of the furniture industry for almost 50 years, he was a
part of the La-Z-Boy family.
Involved in the Kincaid family business since he
was a young boy, Steve formally started with Kincaid Furniture
Company as a sales rep in 1970. He moved through the ranks of
the company and, in 1983 was named President and took the company
public. Kincaid grew under Steve’s leadership with his keen
vision for merchandising and marketing and, in 1989, the company
was acquired by La-Z-Boy. Steve ran La-Z-Boy’s casegoods business
for more than 25 years and moved to an advisory role in 2015 after
serving as Senior Vice President of La-Z-Boy Incorporated and
President, La-Z-Boy Casegoods.
Kurt L. Darrow, Chairman, President and Chief
Executive Officer, of La-Z-Boy Incorporated, said: “Steve was known
throughout the industry for his high level of integrity, leadership
and creativity. He was a true gentlemen’s gentleman, was
highly respected, a friend to many and truly cared about every
employee at every level at Kincaid. During his time with
La-Z-Boy, he made numerous contributions, the most significant of
which was navigating the Casegoods group through a comprehensive
transition from a domestic manufacturer to an import model as the
wood furniture industry moved offshore.”
Among his many career accomplishments, Steve
served as President and a board member of the American Home
Furnishings Alliance (AHFA) and the American Furniture Hall of Fame
Foundation and led the creation of the High Point Market Authority
and served as its first Chairman. He also served on the
Boards of the American Furniture Foundation, the International
Woodworking Fair, and the International Home Furnishings Center
Advisory Board. Steve was inducted into the American
Furniture Hall of Fame in 2009.
Steve was also involved in many charitable
organizations. He served on the boards of the Children’s Home
Society of North Carolina, Caldwell Memorial Hospital, the Caldwell
Memorial Hospital Foundation, Smart Start/Communities in Schools
and Wachovia Bank in Lenoir, NC. He also served in the N.C.
National Guard. He was a recipient of the prestigious City of
Hope Spirit of Life Award in 2001, as well as the Central Carolina
Bank “Golden Apple Award.”
Darrow added, “Steve’s generous spirit, charisma
and guiding way will be sorely missed by so many within the
furniture industry. Our thoughts and prayers go out to his
wife, Kim, and their family.”
Additional Information
This news release is just one part of La-Z-Boy’s
financial disclosures and should be read in conjunction with other
information filed with the Securities and Exchange Commission,
which is available at:
https://lazboy.gcs-web.com/financial-information/sec-filings.
Investors and others wishing to be notified of future La-Z-Boy news
releases, SEC filings and quarterly investor conference calls may
sign up at: https://lazboy.gcs-web.com/.
Background Information
La-Z-Boy Incorporated is one of the world’s
leading residential furniture producers, marketing furniture for
every room of the home. The La-Z-Boy Upholstery segment companies
are England and La-Z-Boy. The Casegoods segment consists of three
brands: American Drew®, Hammary®, and Kincaid®. The
company-owned Retail segment includes 155 of the 355 La-Z-Boy
Furniture Galleries® stores. Joybird is an e-commerce
retailer and manufacturer of upholstered furniture.
The corporation’s branded distribution network
is dedicated to selling La-Z-Boy Incorporated products and brands,
and includes 355 stand-alone La-Z-Boy Furniture Galleries® stores
and 559 independent Comfort Studio® locations, in addition to
in-store gallery programs for the company’s Kincaid and England
operating units. Additional information is available at
http://www.la-z-boy.com/.
Contact: Kathy Liebmann
734-241-2438 kathy.liebmann@la-z-boy.com
La Z Boy (NYSE:LZB)
Historical Stock Chart
From Feb 2024 to Mar 2024
La Z Boy (NYSE:LZB)
Historical Stock Chart
From Mar 2023 to Mar 2024