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<TITLE>Lowe's Companies, Inc.</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">As filed with the Securities and Exchange Commission on May&nbsp;25, 2007
</DIV>


<DIV align="right" style="font-size: 10pt; margin-top: 1pt">Registration No.&nbsp;333-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
</DIV>


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER THE<BR>
SECURITIES ACT OF 1933</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>Lowe&#146;s Companies, Inc.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">(Exact name of Registrant as specified in its Charter)</DIV>


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    <TD align="center" valign="top"><B>North Carolina</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>56-0578072</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or other jurisdiction of
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(I.R.S. Employer Identification No.)</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">incorporation or organization)</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
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    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
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    <TD align="center" valign="top"><B>1000 Lowe&#146;s Boulevard</B></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top"><B>Mooresville, North Carolina</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>28117</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>LOWE&#146;S COMPANIES<BR>
EMPLOYEE STOCK PURCHASE PLAN &#150;<BR>
STOCK OPTIONS FOR EVERYONE</B><BR>
(Full title of the plan)<BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Gaither M. Keener, Jr., Esq.<BR>
Senior Vice President, General Counsel, Secretary &#038; Chief Compliance Officer<BR>
Lowe&#146;s Companies, Inc.<BR>
1000 Lowe&#146;s Boulevard<BR>
Mooresville, North Carolina 28117</B><BR>
(Name and address of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>(704)&nbsp;758-2250</B><BR>
(Telephone number, including area code, of agent for service)</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">Copy to:<BR>
<B>Ernest S. DeLaney III<BR>
Moore &#038; Van Allen PLLC<BR>
100 North Tryon Street, Suite&nbsp;4700<BR>
Charlotte, North Carolina 28202-4003<BR>
(704)&nbsp;331-1000</B><BR>
<DIV align="center"><DIV style="font-size: 3pt; margin-top: 16pt; width: 26%; border-top: 1px solid #000000">&nbsp;</DIV></DIV></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>CALCULATION OF REGISTRATION FEE</B></DIV>

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    <TD width="1%">&nbsp;</TD>
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    <TD nowrap align="left" colspan="23" style="border-bottom: 3px double #000000">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Title of Securities to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount to be</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed Maximum Offering Price Per</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Proposed Maximum</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Amount of</TD>
    <TD width="1%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">    <TD width="1%">&nbsp;</TD>

    <TD nowrap align="center">Registered</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Registered (1)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Share (2)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Aggregate Offering Price (2)</TD>
    <TD style="border-right: 2px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">Registration Fee (2)</TD>
    <TD width="1%">&nbsp;</TD>
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                    <TD align="center" style="border-top: 2px solid #000000"><DIV style="margin-left:15px; text-indent:-15px">Common Stock,
$0.50 par value</DIV></TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">25,000,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>

<TD nowrap align="right" style="border-top: 2px solid #000000">$31.84</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>

<TD nowrap align="right" style="border-top: 2px solid #000000">$796,000,000</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-right: 2px solid #000000; border-top: 2px solid #000000">&nbsp;</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD align="right" style="border-top: 2px solid #000000">&nbsp;</TD>

<TD nowrap align="right" style="border-top: 2px solid #000000">$24,437.20</TD>
    <TD style="border-top: 2px solid #000000">&nbsp;</TD>
    <TD width="1%" style="border-top: 2px solid #000000">&nbsp;</TD>
</TR>
<TR style="font-size: 1px" valign="bottom">
    <TD nowrap align="left" colspan="23" style="border-top: 3px double #000000">&nbsp;</TD>
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<DIV align="left">
<DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 0px solid #000000">&nbsp;</DIV>
</DIV>

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    <TD width="3%"></TD>
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    <TD width="96"></TD>
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<TR valign="top">
    <TD nowrap align="left">(1)</TD>
    <TD>&nbsp;</TD>
    <TD>This Registration Statement covers the maximum number of shares of common stock of the
Registrant which may be issued in connection with the transactions described herein and shall
also cover any additional shares of common stock issuable under the plan in respect of such
shares by reason of any stock dividend, stock split, recapitalization or any other similar
transaction effectuated without the receipt of consideration which results in an increase in
the number of the outstanding shares of common stock of the Registrant.</TD>
</TR>

<TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD nowrap align="left">(2)</TD>
    <TD>&nbsp;</TD>
    <TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c)
and (h)&nbsp;under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), based on the
average of the high and low sales prices per share of the Registrant&#146;s common stock as
reported on the New York Stock Exchange on May 22, 2007.</TD>
</TR>

</TABLE>



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>



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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>EXPLANATORY NOTE</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We are filing this Registration Statement on Form S-8 to register an additional 25,000,000
shares of common stock which have been reserved for issuance under the Lowe&#146;s Companies Employee
Stock Purchase Plan &#150; Stock Options for Everyone, as amended (the &#147;Plan&#148;) of Lowe&#146;s Companies, Inc.
(the &#147;Company&#148;). This increase was approved by the Company&#146;s Board of Directors on January&nbsp;26,
2007, subject to approval by the Company&#146;s shareholders. On May&nbsp;25, 2007, the Company&#146;s
shareholders approved the increase in the number of shares reserved for issuance under the Plan. A
total of 5,000,000 shares (20,000,000 shares after two subsequent 2-for-1 stock splits) of common
stock reserved under the Plan were previously registered on Registration Statement No.&nbsp;333-36096,
filed May&nbsp;2, 2000. Pursuant to General Instruction E to Form S-8, the contents of Registration
Statement No.&nbsp;333-36096 are hereby incorporated by reference herein.
</DIV>

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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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</TR>
<TR><TD colspan="9"><A HREF="#000">PART II</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;3. Incorporation of Documents by Reference</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;4. Description of Securities</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;5. Interests of Named Experts and Counsel</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;6. Indemnification of Directors and Officers</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;7. Exemption from Registration Claimed</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;8. Exhibits</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#007">Item&nbsp;9. Undertakings</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#009">INDEX TO EXHIBITS</A></TD></TR>
<TR><TD colspan="9"><A HREF="g07627exv5w1.htm">Exhibit 5.1</A></TD></TR>
<TR><TD colspan="9"><A HREF="g07627exv23w2.htm">Exhibit 23.2</A></TD></TR>
</TABLE>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>PART II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B>

</DIV>
<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference" -->
<DIV align="left"><A NAME="001"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;3. Incorporation of Documents by Reference</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents filed by the Company with the Securities and Exchange Commission (File
No.&nbsp;1-7898) are incorporated herein by reference:
</DIV>

<DIV style="margin-top: 6pt">
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<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the Company&#146;s Annual Report on Form 10-K for the fiscal year ended February&nbsp;2,
2007, filed on April&nbsp;3, 2007; and</TD>
</TR>

<TR>
    <TD style="font-size: 6pt">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="2%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left">(b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the description of the Company&#146;s common stock contained in the Company&#146;s
Registration Statement on Form 8-A filed under the Securities Exchange Act of 1934, as
amended (the &#147;Exchange Act&#148;), including any amendment or report filed for the purpose
of updating such description.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Company pursuant to Sections&nbsp;13(a), 13(c), 14 or 15(d)
of the Exchange Act (other than those Current Reports on Form 8-K which furnish information
pursuant to Item&nbsp;2.02 or Item&nbsp;7.01 of such report), prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the date of filing of such documents.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any statement contained herein or in a document, all or a portion of which is incorporated or
deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or in any
other subsequently filed document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or amended, to constitute a part of this Registration Statement.
</DIV>
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<DIV align="left"><A NAME="002"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;4. Description of Securities.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel" -->
<DIV align="left"><A NAME="003"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
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<DIV align="left"><A NAME="004"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;IV of the Company&#146;s Bylaws provides that any person who serves or has served as a
director or officer of the Company, or in such capacity at the request of the Company for any other
corporation, partnership, joint venture, trust or other enterprise, will be indemnified by the Company to the fullest
extent permitted by law against (i)&nbsp;reasonable expenses, including attorneys&#146; fees, actually and
necessarily incurred by such person in connection with any threatened, pending or completed action, suit or proceeding seeking to hold
such person liable by reason of the fact that he or she is or was acting in such capacity, and (ii)
payments made by such person in satisfaction of any judgment, money decree, fine, penalty or
reasonable settlement for which he or she may have become liable in any such proceeding. The
Company may not, however, indemnify any person against liability or litigation expense he or she
may incur on account of his or her activities which were at the time they were taken known or
believed by such person to be clearly in conflict with the best interests of the Company. Also,
the Company may not indemnify any director with respect to any liability arising out of Section
55-8-33 of the North Carolina Business Corporation Act (relating to unlawful declaration of
dividends) or any transaction from which the director derived an improper personal benefit as
provided in Section&nbsp;55-2-02(b)(3) of the North Carolina Business Corporation Act. The Company&#146;s
Charter provides that, to the full extent permitted by the North Carolina Business Corporation Act,
a director of the Company shall not be liable for monetary damages for breach of any duty as a
director and the Corporation shall indemnify any director from liability incurred as a director.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company maintains an insurance policy for the benefit of directors and officers insuring
them against claims that are made against them by reason of any wrongful act (as defined) committed
in their capacity as directors or officers.
</DIV>
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<DIV align="left"><A NAME="005"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;7. Exemption from Registration Claimed.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.
</DIV>
<!-- link2 "Item&nbsp;8. Exhibits" -->
<DIV align="left"><A NAME="006"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;8. Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents are filed as exhibits to this Registration Statement.
</DIV>
<DIV align="center">
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    <TD width="8%">&nbsp;</TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Document</B></TD>
</TR>

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<TR valign="bottom">
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lowe&#146;s Companies Employee Stock Purchase Plan &#150; Stock Options For Everyone, as amended
through May&nbsp;25, 2007 (incorporated herein by reference to Appendix&nbsp;B to Lowe&#146;s Companies,
Inc.&#146;s Proxy Statement on Schedule&nbsp;14A, as filed on April&nbsp;12, 2007, File No.&nbsp;001-07898).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Moore &#038; Van Allen PLLC</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Moore &#038; Van Allen PLLC (included in the opinion filed as Exhibit&nbsp;No.&nbsp;5.1)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte &#038; Touche LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on the signature page)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<!-- link2 "Item&nbsp;9. Undertakings" -->
<DIV align="left"><A NAME="007"></A></DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9. Undertakings.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Company hereby undertakes:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement to include any material information
with respect to the plan of distribution not previously disclosed in this Registration
Statement or any material change to such information in this Registration Statement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;The Company hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Company&#146;s annual report pursuant to Section 13(a) or Section
15(d) of the Exchange Act that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers, and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer, or controlling
person of the Company in the successful defense of any action, suit, or proceeding) is asserted by
such director, officer, or controlling person in connection with the securities being registered,
the Company will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="008"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, the Company has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in
the City of Mooresville, State of North Carolina, on May&nbsp;25, 2007.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>LOWE&#146;S COMPANIES, INC.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">&nbsp;&nbsp; /s/ Gaither M. Keener, Jr.</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><B>Gaither M. Keener, Jr.</B>    &nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left"><B>Senior Vice President,<br>
General Counsel, Secretary &#038;<br>
Chief Compliance Officer</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY</B>
</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated on May&nbsp;25, 2007. Each of the
undersigned directors and officers of the Company, by his or her execution hereof, hereby
constitutes and appoints Gaither M. Keener, Jr., Senior Vice President, General Counsel, Secretary
and Chief Compliance Officer, Lowe&#146;s Companies, Inc., and Robert F. Hull, Jr., Executive Vice
President and Chief Financial Officer, and each of them, with full power of substitution, as his or
her true and lawful attorneys-in-fact and agents, to do any and all acts and things for him or her,
and in his or her name, place and stead, to execute and sign any and all pre-effective and
post-effective amendments to such Registration Statement and any additional registration statement
pursuant to Rule 462(b) under the Securities Act, and file the same, together with all exhibits and
schedules thereto and all other documents in connection therewith, with the Commission and with
such state securities authorities as may be appropriate, granting unto said attorneys-in-fact, and
each of them, full power and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully and to all intents and purposes as the
undersigned might or could do in person, and hereby ratifying and confirming all the acts of said
attorneys-in-fact and agents, or any of them, which they may lawfully do in the premises or cause
to be done by virtue hereof.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>



<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Robert A. Niblock<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Robert
A. Niblock</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board of Directors,<br>
Chief Executive Officer and Director<br>
(Principal Executive Officer)</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>


<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>


<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Robert F. Hull, Jr.<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Robert
F. Hull, Jr.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Executive Vice President and Chief<br>
Financial Officer (Principal Financial<br>
Officer)</TD>

<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>


<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Matthew V. Hollifield<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Matthew
V. Hollifield</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President and Chief<br>
Accounting Officer</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>

</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
David W. Bernauer<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>David
W. Bernauer</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>

<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Leonard L. Berry, Ph.D.<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Leonard
L. Berry, Ph.D.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>

</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Peter C. Browning<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Peter
C. Browning</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>

</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Signature</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Dawn E. Hudson<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Dawn
E. Hudson</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Robert A. Ingram<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Robert
A. Ingram</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>

</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Robert L. Johnson<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Robert
L. Johnson</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Marshall O. Larsen<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Marshall
O. Larsen</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Richard K. Lochridge<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Richard
K. Lochridge</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
Stephen F. Page<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>Stephen
F. Page</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">

<TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">/s/
O. Temple Sloan, Jr.<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
<B>O.
Temple Sloan, Jr.</B>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director&nbsp;</TD>
<TD>&nbsp;</TD>
    <TD align="right" valign="top">May 25, 2007</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<!-- link1 "INDEX TO EXHIBITS" -->
<DIV align="left"><A NAME="009"></A></DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="89%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description of Document</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Lowe&#146;s Companies Employee Stock Purchase Plan &#150; Stock Options For Everyone, as amended
through May&nbsp;25, 2007 (incorporated herein by reference to Appendix&nbsp;B to Lowe&#146;s Companies,
Inc.&#146;s Proxy Statement on Schedule&nbsp;14A, as filed on April&nbsp;12, 2007, File No.&nbsp;001-07898).</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Opinion of Moore &#038; Van Allen PLLC</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Moore &#038; Van Allen PLLC (included in the opinion filed as Exhibit&nbsp;No.&nbsp;5.1)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Consent of Deloitte &#038; Touche LLP</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Power of Attorney (included on the signature page)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
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Lowe's Companies, Inc.
Table of Contents
As filed with the Securities and Exchange Commission on May 25, 2007
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933
Lowe's Companies, Inc.
(Exact name of Registrant as specified in its Charter)
North Carolina
56-0578072
(State or other jurisdiction of
(I.R.S. Employer Identification No.)
incorporation or organization)
1000 Lowe's Boulevard
Mooresville, North Carolina
28117
(Address of principal executive offices)
(Zip Code)
LOWE'S COMPANIES
EMPLOYEE STOCK PURCHASE PLAN –
STOCK OPTIONS FOR EVERYONE
(Full title of the plan)
Gaither M. Keener, Jr., Esq.
Senior Vice President, General Counsel, Secretary & Chief Compliance Officer
Lowe's Companies, Inc.
1000 Lowe's Boulevard
Mooresville, North Carolina 28117
(Name and address of agent for service)
(704) 758-2250
(Telephone number, including area code, of agent for service)
Copy to:
Ernest S. DeLaney III
Moore & Van Allen PLLC
100 North Tryon Street, Suite 4700
Charlotte, North Carolina 28202-4003
(704) 331-1000
CALCULATION OF REGISTRATION FEE
Title of Securities to be
Amount to be
Proposed Maximum Offering Price Per
Proposed Maximum
Amount of
Registered
Registered (1)
Share (2)
Aggregate Offering Price (2)
Registration Fee (2)
Common Stock,
$0.50 par value
25,000,000
$31.84
$796,000,000
$24,437.20
(1)
This Registration Statement covers the maximum number of shares of common stock of the
Registrant which may be issued in connection with the transactions described herein and shall
also cover any additional shares of common stock issuable under the plan in respect of such
shares by reason of any stock dividend, stock split, recapitalization or any other similar
transaction effectuated without the receipt of consideration which results in an increase in
the number of the outstanding shares of common stock of the Registrant.
(2)
Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c)
and (h) under the Securities Act of 1933, as amended (the "Securities Act"), based on the
average of the high and low sales prices per share of the Registrant's common stock as
reported on the New York Stock Exchange on May 22, 2007.
EXPLANATORY NOTE
We are filing this Registration Statement on Form S-8 to register an additional 25,000,000
shares of common stock which have been reserved for issuance under the Lowe's Companies Employee
Stock Purchase Plan – Stock Options for Everyone, as amended (the "Plan") of Lowe's Companies, Inc.
(the "Company"). This increase was approved by the Company's Board of Directors on January 26,
2007, subject to approval by the Company's shareholders. On May 25, 2007, the Company's
shareholders approved the increase in the number of shares reserved for issuance under the Plan. A
total of 5,000,000 shares (20,000,000 shares after two subsequent 2-for-1 stock splits) of common
stock reserved under the Plan were previously registered on Registration Statement No. 333-36096,
filed May 2, 2000. Pursuant to General Instruction E to Form S-8, the contents of Registration
Statement No. 333-36096 are hereby incorporated by reference herein.
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PART II
Item 3. Incorporation of Documents by Reference
Item 4. Description of Securities
Item 5. Interests of Named Experts and Counsel
Item 6. Indemnification of Directors and Officers
Item 7. Exemption from Registration Claimed
Item 8. Exhibits
Item 9. Undertakings
SIGNATURES
INDEX TO EXHIBITS
Exhibit 5.1
Exhibit 23.2
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference
The following documents filed by the Company with the Securities and Exchange Commission (File
No. 1-7898) are incorporated herein by reference:
(a)
the Company's Annual Report on Form 10-K for the fiscal year ended February 2,
2007, filed on April 3, 2007; and
(b)
the description of the Company's common stock contained in the Company's
Registration Statement on Form 8-A filed under the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), including any amendment or report filed for the purpose
of updating such description.
All documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d)
of the Exchange Act (other than those Current Reports on Form 8-K which furnish information
pursuant to Item 2.02 or Item 7.01 of such report), prior to the filing of a post-effective
amendment which indicates that all securities offered hereby have been sold or which deregisters
all securities then remaining unsold, shall be deemed to be incorporated by reference into this
Registration Statement and to be a part hereof from the date of filing of such documents.
Any statement contained herein or in a document, all or a portion of which is incorporated or
deemed to be incorporated by reference herein, shall be deemed to be modified or superseded for
purposes of this Registration Statement to the extent that a statement contained herein or in any
other subsequently filed document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such statement. Any such statement so modified or superseded shall not be
deemed, except as so modified or amended, to constitute a part of this Registration Statement.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
Article IV of the Company's Bylaws provides that any person who serves or has served as a
director or officer of the Company, or in such capacity at the request of the Company for any other
corporation, partnership, joint venture, trust or other enterprise, will be indemnified by the Company to the fullest
extent permitted by law against (i) reasonable expenses, including attorneys' fees, actually and
necessarily incurred by such person in connection with any threatened, pending or completed action, suit or proceeding seeking to hold
such person liable by reason of the fact that he or she is or was acting in such capacity, and (ii)
payments made by such person in satisfaction of any judgment, money decree, fine, penalty or
reasonable settlement for which he or she may have become liable in any such proceeding. The
Company may not, however, indemnify any person against liability or litigation expense he or she
may incur on account of his or her activities which were at the time they were taken known or
believed by such person to be clearly in conflict with the best interests of the Company. Also,
the Company may not indemnify any director with respect to any liability arising out of Section
55-8-33 of the North Carolina Business Corporation Act (relating to unlawful declaration of
dividends) or any transaction from which the director derived an improper personal benefit as
provided in Section 55-2-02(b)(3) of the North Carolina Business Corporation Act. The Company's
Charter provides that, to the full extent permitted by the North Carolina Business Corporation Act,
a director of the Company shall not be liable for monetary damages for breach of any duty as a
director and the Corporation shall indemnify any director from liability incurred as a director.
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The Company maintains an insurance policy for the benefit of directors and officers insuring
them against claims that are made against them by reason of any wrongful act (as defined) committed
in their capacity as directors or officers.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The following documents are filed as exhibits to this Registration Statement.
Exhibit No.
Description of Document
4.1
Lowe's Companies Employee Stock Purchase Plan – Stock Options For Everyone, as amended
through May 25, 2007 (incorporated herein by reference to Appendix B to Lowe's Companies,
Inc.'s Proxy Statement on Schedule 14A, as filed on April 12, 2007, File No. 001-07898).
5.1
Opinion of Moore & Van Allen PLLC
23.1
Consent of Moore & Van Allen PLLC (included in the opinion filed as Exhibit No. 5.1)
23.2
Consent of Deloitte & Touche LLP
24
Power of Attorney (included on the signature page)
Item 9. Undertakings.
(a) The Company hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a
post-effective amendment to this Registration Statement to include any material information
with respect to the plan of distribution not previously disclosed in this Registration
Statement or any material change to such information in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each
such post-effective amendment shall be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the offering.
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(b) The Company hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the Company's annual report pursuant to Section 13(a) or Section
15(d) of the Exchange Act that is incorporated by reference in this Registration Statement shall be
deemed to be a new registration statement relating to the securities offered therein, and the
offering of such securities at that time shall be deemed to be the initial bona fide offering
thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be
permitted to directors, officers, and controlling persons of the Company pursuant to the foregoing
provisions, or otherwise, the Company has been advised that in the opinion of the Commission such
indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable. In the event that a claim for indemnification against such liabilities (other than
the payment by the Company of expenses incurred or paid by a director, officer, or controlling
person of the Company in the successful defense of any action, suit, or proceeding) is asserted by
such director, officer, or controlling person in connection with the securities being registered,
the Company will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final
adjudication of such issue.
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SIGNATURES
Pursuant to the requirements of the Securities Act, the Company has duly caused this
Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in
the City of Mooresville, State of North Carolina, on May 25, 2007.
LOWE'S COMPANIES, INC.
By:
/s/ Gaither M. Keener, Jr.
Gaither M. Keener, Jr.
Senior Vice President,
General Counsel, Secretary &
Chief Compliance Officer
POWER OF ATTORNEY
Pursuant to the requirements of the Securities Act, this Registration Statement has been
signed by the following persons in the capacities indicated on May 25, 2007. Each of the
undersigned directors and officers of the Company, by his or her execution hereof, hereby
constitutes and appoints Gaither M. Keener, Jr., Senior Vice President, General Counsel, Secretary
and Chief Compliance Officer, Lowe's Companies, Inc., and Robert F. Hull, Jr., Executive Vice
President and Chief Financial Officer, and each of them, with full power of substitution, as his or
her true and lawful attorneys-in-fact and agents, to do any and all acts and things for him or her,
and in his or her name, place and stead, to execute and sign any and all pre-effective and
post-effective amendments to such Registration Statement and any additional registration statement
pursuant to Rule 462(b) under the Securities Act, and file the same, together with all exhibits and
schedules thereto and all other documents in connection therewith, with the Commission and with
such state securities authorities as may be appropriate, granting unto said attorneys-in-fact, and
each of them, full power and authority to do and perform each and every act and thing requisite and
necessary to be done in and about the premises, as fully and to all intents and purposes as the
undersigned might or could do in person, and hereby ratifying and confirming all the acts of said
attorneys-in-fact and agents, or any of them, which they may lawfully do in the premises or cause
to be done by virtue hereof.
Signature
Title
Date
/s/
Robert A. Niblock
Robert
A. Niblock
Chairman of the Board of Directors,
Chief Executive Officer and Director
(Principal Executive Officer)
May 25, 2007
/s/
Robert F. Hull, Jr.
Robert
F. Hull, Jr.
Executive Vice President and Chief
Financial Officer (Principal Financial
Officer)
May 25, 2007
/s/
Matthew V. Hollifield
Matthew
V. Hollifield
Senior Vice President and Chief
Accounting Officer
May 25, 2007
/s/
David W. Bernauer
David
W. Bernauer
Director
May 25, 2007
/s/
Leonard L. Berry, Ph.D.
Leonard
L. Berry, Ph.D.
Director
May 25, 2007
/s/
Peter C. Browning
Peter
C. Browning
Director
May 25, 2007
Table of Contents
Signature
Title
Date
/s/
Dawn E. Hudson
Dawn
E. Hudson
Director
May 25, 2007
/s/
Robert A. Ingram
Robert
A. Ingram
Director
May 25, 2007
/s/
Robert L. Johnson
Robert
L. Johnson
Director
May 25, 2007
/s/
Marshall O. Larsen
Marshall
O. Larsen
Director
May 25, 2007
/s/
Richard K. Lochridge
Richard
K. Lochridge
Director
May 25, 2007
/s/
Stephen F. Page
Stephen
F. Page
Director
May 25, 2007
/s/
O. Temple Sloan, Jr.
O.
Temple Sloan, Jr.
Director
May 25, 2007
Table of Contents
INDEX TO EXHIBITS
Exhibit No.
Description of Document
4.1
Lowe's Companies Employee Stock Purchase Plan – Stock Options For Everyone, as amended
through May 25, 2007 (incorporated herein by reference to Appendix B to Lowe's Companies,
Inc.'s Proxy Statement on Schedule 14A, as filed on April 12, 2007, File No. 001-07898).
5.1
Opinion of Moore & Van Allen PLLC
23.1
Consent of Moore & Van Allen PLLC (included in the opinion filed as Exhibit No. 5.1)
23.2
Consent of Deloitte & Touche LLP
24
Power of Attorney (included on the signature page)