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<P align=center><FONT face="Times New Roman, Times, Serif" size=3><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION</B> </FONT></P><!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->
<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3>WASHINGTON,
D.C. 20549-1004 </FONT></H1><!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Workstation" -->

<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3>FORM 8-K
</FONT></H1><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Workstation" -->
<P align=center><FONT face="Times New Roman, Times, Serif" size=2>Current Report
Pursuant to Section 13 or 15(d)of <BR>the Securities Exchange Act of 1934
</FONT></P><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->

<P align=center><FONT face="Times New Roman, Times, Serif"
size=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March 31, 2008&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>(Date
of Report (Date of Earliest Event Reported))</FONT></P><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<P align=center><FONT face="Times New Roman, Times, Serif"
size=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LA-Z-BOY
INCORPORATED
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>(Exact
name of registrant as specified in its charter) </FONT></P>





<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" WIDTH="100%">
<TR VALIGN=Bottom>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>MICHIGAN</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1-9656</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=2>38-0751137</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or other jurisdiction of</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Commission</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="29%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(IRS Employer</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>incorporation)</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="28%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>File Number)</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="1%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="29%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Indentification Number)</FONT></TD>
     <TD WIDTH="4%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>





<p>





<BR>
</p>
<TABLE cellSpacing=0 cellPadding=0 width="100%" align=center>

  <TR vAlign=bottom>
    <TH colSpan=3><FONT face="Times New Roman, Times, Serif" size=2>1284 North
      Telegraph Road, Monroe, Michigan</FONT>
      <HR width="100%" color=black noShade SIZE=1>
    </TH>
    <TH colSpan=3><FONT face="Times New Roman, Times, Serif"
      size=2>48162-3390</FONT>
      <HR width="100%" color=black noShade SIZE=1>
    </TH></TR>
  <TR vAlign=bottom>
    <TD align="center" width="41%"><FONT face="Times New Roman, Times, Serif"
      size=2>(Address of principal executive offices)</FONT></TD>
    <TD align=left width="1%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="3%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align="center" width="53%"><FONT face="Times New Roman, Times, Serif"
      size=2>Zip Code </FONT></TD>
    <TD align=left width="1%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD>
    <TD align=left width="1%"><FONT face="Times New Roman, Times, Serif"
      size=2>&nbsp;</FONT></TD></TR> </TABLE>
<P align=center><FONT FACE="Times New Roman" SIZE="2">Registrant's telephone number, including area code <U>(734)
242-1444</U></font></P>
<p align="center"><BR><!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<FONT face="Times New Roman, Times, Serif"
size=3><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U> </FONT>
<BR><FONT face="Times New Roman, Times, Serif"
size=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Former name or former
address, if changed since last report.)
</FONT></P>

<P><FONT FACE="Times New Roman" SIZE="2">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:<br><br>

[&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br><br>

[&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br><br>

[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br><br>

[&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>






<P style="PAGE-BREAK-AFTER: always"></P>

<HR color=black SIZE=4>


<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 2.05.
Costs Associated with Exit or Disposal Activities. </FONT></H1>

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<div class="Section1">
	<p class="MsoNormal" style="TEXT-ALIGN: justify">
	<font face="Times New Roman" size="3">On March 31,2008, management committed
	to a restructuring plan which includes two major initiatives
	designed to strengthen its North American operations.&nbsp; As a result of this
	restructuring plan, the company will consolidate all of its domestic cutting
	and sewing operations in Mexico and will transfer production from its
	Tremonton, Utah plant, which will be closed, to its five remaining La-Z-Boy
	branded upholstery manufacturing facilities.</font></p>
	<div class="Section1">
		<p class="MsoNormal" style="TEXT-ALIGN: justify">
		<font face="Times New Roman" size="3">The
		transition of the company&acute;s domestic cutting and sewing operations to
		Ramos Arizpe, Mexico, in the State of Coahuila, will impact
		approximately 1,050 La-Z-Boy employees at the five remaining facilities
		and will take place over a period of 18 to 24 months.&nbsp; La-Z-Boy expects
		to begin production at its Mexican facility in early calendar 2009.</font></p>
		<p class="MsoNormal" style="TEXT-ALIGN: justify">
		<font face="Times New Roman" size="3">The
		company&acute;s Utah facility, which employs 630 people, will cease operations
		during the summer of 2008 and production will be shifted to the
		company&acute;s remaining five facilities.&nbsp; As a result, La-Z-Boy expects to
		add approximately 400 production positions to its other facilities.</font></p>
		<p><font face="Times New Roman" size="3">
		In connection with these activities, the Company expects to record total
		pre-tax restructuring and related asset impairment charges of $17 to $20
		million or $0.20 to $0.24 per share as follows: </font></p>
		<table class="MsoNormalTable" style="WIDTH: 100%" cellSpacing="0" cellPadding="0" width="100%" border="0" id="table3">
			<tr>
				<td style="padding:0in; WIDTH: 2%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="2">
				<!-- MARKER FORMAT-SHEET="Para Hang" FSL="Default" -->
				o </font></td>
				<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="2">
				&nbsp; </font></td>
				<td style="padding:0in; WIDTH: 97%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				Asset impairment charges of $0.5
				million in accordance with Statement of Financial Accounting
				Standards (&#147;SFAS&#148;) No. 144 <i>
				Accounting for the Impairment or Disposal of Long-Lived Assets</i>
				to write-down the facilities&acute; real and personal property to
				estimated fair market value, less costs to sell, will be
				recorded in the fourth quarter of fiscal 2008. </font>
				</td>
			</tr>
			<tr>
				<td style="padding:0in; WIDTH: 2%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				&nbsp;</font></td>
				<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				&nbsp;</font></td>
				<td style="padding:0in; WIDTH: 97%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				&nbsp;</font></td>
			</tr>
			<tr>
				<td style="padding:0in; WIDTH: 2%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="2">
				o </font></td>
				<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="2">
				&nbsp; </font></td>
				<td style="padding:0in; WIDTH: 97%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				Severance and benefit costs of
				$9.0 to $11.0 million in accordance with SFAS No. 146 <i>
				Accounting for Costs Associated
				with Exit or Disposal Activities</i> will be recorded as
				follows:&nbsp; about $1.0 to $1.5 million in the fourth quarter of
				fiscal 2008, about $4.0 to $4.5 million in fiscal 2009 and the
				remainder in fiscal 2010.</font></td>
			</tr>
			<tr>
				<td style="padding:0in; WIDTH: 2%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				&nbsp;</font></td>
				<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				&nbsp;</font></td>
				<td style="padding:0in; WIDTH: 97%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				&nbsp;</font></td>
			</tr>
			<tr>
				<td style="padding:0in; WIDTH: 2%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="2">
				o </font></td>
				<td style="PADDING-RIGHT: 0in; PADDING-LEFT: 0in; PADDING-BOTTOM: 0in; PADDING-TOP: 0in" vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="2">
&nbsp;</font></td>
				<td style="padding:0in; WIDTH: 97%; " vAlign="top">
				<p class="MsoNormal"><font face="Times New Roman" size="3">
				Other costs incurred to close and consolidate facilities as well
				as transfer production to other facilities of $7.5 to $8.5
				million will be recorded as follows:&nbsp; about $0.5 million in
				the fourth quarter of fiscal 2008, about $5.0 to $5.5 million in fiscal 2009 and
				the remainder in fiscal 2010.</font></td>
			</tr>
		</table>
		<p><font face="Times New Roman" size="3">
		<br>
		<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->All of the
		charges, except for the $0.5 million asset impairment charge, will
		result in future cash expenditures relating to severance, benefits and
		other plant exit and consolidation costs</font><font size="2">.
		</font></p>
		<p><font face="Times New Roman" size="3"><!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
		Further information about the restructuring plan is set forth in the
		press release attached as Exhibit 99.1, which is incorporated herein by
		reference.&nbsp; </font></div>
	<p class="MsoNormal" style="TEXT-ALIGN: justify">&nbsp;</div>
<p class="MsoNormal"><b>Item 9.01 Financial Statements and Exhibits</b></p>
<table border="0" width="100%" style="border-collapse: collapse" id="table4">
	<tr>
		<td width="88">(d) Exhibits</td>
		<td width="61">&nbsp;</td>
		<td width="7">&nbsp;</td>
		<td>&nbsp;</td>
	</tr>
	<tr>
		<td width="88">&nbsp;</td>
		<td width="61">&nbsp;</td>
		<td width="7">&nbsp;</td>
		<td>&nbsp;</td>
	</tr>
	<tr>
		<td width="88">&nbsp;</td>
		<td width="61"><u>Exhibit No.</u></td>
		<td width="7">&nbsp;</td>
		<td><u>Description</u></td>
	</tr>
	<tr>
		<td width="88">&nbsp;</td>
		<td width="61">99.1</td>
		<td width="7">&nbsp;</td>
		<td>Press Release issued by the Company, dated April 2, 2008,
		announcing the
	<font face="Times New Roman" size="3">two major initiatives designed to
		strengthen its North American operations</font>.</td>
	</tr>
	<tr>
		<td width="88">&nbsp;</td>
		<td width="61">&nbsp;</td>
		<td width="7">&nbsp;</td>
		<td>&nbsp;</td>
	</tr>
</table>


<p>&nbsp;</p>


<HR color=black SIZE=4>
<H1 align=left><FONT face="Times New Roman, Times, Serif"
size=3><B>SIGNATURE</B></FONT></H1><!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT face="Times New Roman, Times, Serif" size=2>Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized. </FONT></P><!-- MARKER FORMAT-SHEET="Signature (Single)" FSL="Project" -->
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="40%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif"
      size=2><B><u>LA-Z-BOY
      INCORPORATED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u></B><BR>(Registrant)</FONT><BR></TD></TR> </TABLE>
<P><FONT face="Times New Roman, Times, Serif" size=2>Date: April 4, 2008</FONT></P>
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD width="40%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="50%"><FONT face="Times New Roman, Times, Serif"
      size=2><BR><BR>BY: /S/ Louis M. Riccio, Jr.<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Louis M. Riccio, Jr.<BR>Senior Vice President and Chief Financial Officer</FONT></TD></TR> </TABLE>
<P style="PAGE-BREAK-AFTER: always">&nbsp;</P>
<HR color=black SIZE=4>
&nbsp;</BODY></HTML><P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>Exhibit 99.1</b>
 </FONT></P>











<P ALIGN="Center">
<IMG SRC="logo.jpg" WIDTH="412" HEIGHT="92">
</p>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><b>NEWS RELEASE</b> </FONT></P>



<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" WIDTH="100%" id="table2">
<TR VALIGN="BOTTOM">
     <TH ALIGN="LEFT">&nbsp;</TH>
     <TH ALIGN="CENTER">&nbsp;</TH>
     <TH ALIGN="RIGHT">&nbsp;</TH></TR>
<TR VALIGN="TOP">
     <TD ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Contact:&nbsp;&nbsp;Kathy
		Liebmann</FONT></TD>
     <TD ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(734) 241-2438</FONT></TD>
     <TD ALIGN="RIGHT"><u>
		<font face="Times New Roman, Times, Serif" size="2" color="#0000FF">
		kathy.liebmann</font></u><FONT FACE="Times New Roman, Times, Serif" SIZE="2" COLOR="#0000FF"><U>@la-z-boy.com</U> </FONT>
</TD></TR>
</TABLE>





<p>&nbsp;</p>





<p class="MsoNormal" align="center" style="text-align:center"><b><u>
LA-Z-BOY
ANNOUNCES MOVES TO STRENGTHEN ITS NORTH AMERICAN OPERATIONS</u></b></p>
<p class="MsoNormal">MONROE, MI.&nbsp; &nbsp;April 2, 2008&#150;La-Z-Boy Incorporated (NYSE:
LZB) today announced two major initiatives designed to strengthen its North
American operations.&nbsp; The company will consolidate all of its domestic cutting
and sewing operations in Mexico and will transfer production from its Tremonton,
Utah plant, which will be closed, to its five remaining La-Z-Boy branded
upholstery manufacturing facilities.</p>
<p class="MsoNormal">The transition of the company&acute;s domestic cutting and sewing
operations to Ramos Arizpe, Mexico, in the State of Coahuila, will impact
approximately 1,050 La-Z-Boy employees at the five remaining facilities and will
take place over a period of 18 to 24 months.&nbsp; La-Z-Boy expects to begin
production at its Mexican facility in early calendar 2009.</p>
<p class="MsoNormal">The company&acute;s Utah facility employs 630 people, accounts
for 13% of the La-Z-Boy branded business total upholstery manufacturing capacity
and produces recliners, motion furniture and stationary upholstery.&nbsp; La-Z-Boy
will cease operations at the Utah facility during the summer of 2008 and
production will be shifted to the company&acute;s remaining five facilities.&nbsp; As a
result, La-Z-Boy expects to add approximately 400 production positions to its
other facilities.</p>
<p class="MsoNormal">Kurt L. Darrow, La-Z-Boy&acute;s President and Chief Executive
Officer, said, &#147;Speed to market for custom orders is a tenet of our brand
promise to the consumer and the strength of our U.S. facilities enables us to
deliver on that promise.&nbsp; With its proximity to the U.S. and the lower cost
structure inherent in a Mexican-based operation, we made the decision to
transition our domestic cutting and sewing operations while streamlining the
assembly aspect of production in the United States.&nbsp; &nbsp;Our new Mexican facility
will be able to rapidly supply our domestic plants with cut-and-sewn fabrics and
leather for custom orders and will complement the existing cut-and-sew program
from China, which supplies our U.S. manufacturing operations with kits for our
high-volume SKUs.&#148;</p>
<p class="MsoNormal">Darrow continued, &#147;Once we made the decision to transition
the domestic cut-and-sew operations to Mexico, we analyzed our remaining total
capacity.&nbsp; With the floor space created by consolidating six cut-and-sew
operations into one in Mexico, and with our manufacturing facilities dedicated
solely to production, we determined we could service our existing and future
demand with one less facility.&nbsp; Importantly, our remaining facilities will be
able to increase their capacity utilization as a result of this change.&nbsp;
Therefore, we made the difficult decision to close our Tremonton, Utah
facility.&nbsp; We are confident this reallocation of resources, combined with the
many changes we have made to our production processes, will continue to
strengthen our operations. We regret the impact these moves will have on the
families and lives of those employees affected and greatly appreciate the
contribution of each employee and thank them for their years of dedicated
service.&#148;</p>
<p class="MsoNormal">Darrow added, &#147;With the normal attrition rate at our
production facilities and the time with which we plan to transition our cutting
and sewing operations, employees working in that capacity will have the
opportunity to learn new skills and be considered for other positions within
their facilities as they become available, particularly as we shift production
from Utah.&#148;&nbsp; </p>
<p class="MsoNormal">Following the closure of its Utah facility, La-Z-Boy&acute;s
upholstery segment will have a total of 5.5 million square feet of upholstery
manufacturing space in North America, including 4.8 million in the United States
and 700,000 square feet in Mexico and will employ approximately 8,000 people in
those facilities.&nbsp; Darrow said, &#147;With the breadth and size of our operation, we
will ensure that our dealers and their customers will continue to receive
excellent service with on-time deliveries as we transition production between
facilities.&nbsp; Additionally, our manufacturing footprint will allow us to flex our
capacity as we execute on our strategic growth plan.&#148;</p>
<p class="MsoNormal">The Utah facility, which is approximately 675,000 square
feet, will be idled after operations cease and will be marketed for sale.&nbsp; As a
result of these actions, La-Z-Boy will take a pre-tax restructuring charge in
the range of $17 - $20 million, or $0.20 to $0.24 per share.&nbsp; This charge will
be principally for severance and other benefit costs and will also include
training costs to begin production in the other facilities, the write-down of
certain fixed assets and other associated costs.&nbsp; As the plant is closed and the
cut-and-sew operations are transferred, these charges will be incurred as
follows:&nbsp; $2.0 - $2.5 million in the fourth quarter of fiscal 2008; $9.0 - $10.0
million in fiscal 2009; and the balance in 2010. Once these moves are completed,
the company expects to realize in excess of $25 million in annual cost savings,
with the full benefit beginning in fiscal 2011.</p>
<p class="MsoNormal"><b><u>Forward-looking Information </u></b></p>
<p class="MsoNormal">Any forward-looking statements contained in this news
release are based on current information and assumptions and represent
management&acute;s best judgment at the present time.
Actual results could differ materially from those anticipated or projected due
to a number of factors. These factors include, but are not limited to: (a)
changes in consumer confidence; (b) changes in demographics; (c) changes in
housing sales; (d) the impact of terrorism or war; (e) continued energy price
changes; (f) the impact of logistics on imports; (g) the impact of interest rate
changes; (h) changes in currency exchange rates; (i) competitive factors; (j)
operating factors, such as supply, labor or distribution disruptions including
changes in operating conditions or costs; (k) effects of restructuring actions;
(l) changes in the domestic or international regulatory environment; (m) ability
to implement global sourcing organization strategies; (n) fair value changes to
our intangible assets due to actual results differing from projected; (o) the
impact of adopting new accounting principles; (p) the impact from natural events
such as hurricanes, earthquakes and tornadoes; (q) the impact of retail store
relocation costs, the success of new stores or the timing of converting stores
to the New Generation format; (r) the ability to procure fabric rolls or cut and
sewn fabric sets domestically or abroad; (s) &nbsp;those matters discussed under
&#147;Risk Factors&#148; in our most recent Annual Report of Form 10-K and subsequent
Quarterly Reports on Form 10-Q and factors relating to acquisitions and other
factors identified from time to time in our reports filed with the Securities
and Exchange Commission. We undertake no obligation to update or revise any
forward-looking statements, either to reflect new developments or for any other
reason</p>
<p class="MsoNormal" style="text-align:justify"><b><u>
Additional Information</u></b></p>
<p class="MsoNormal" style="text-align:justify">
This news release is just
one part of La-Z-Boy&acute;s financial disclosures and should be read in conjunction
with other information filed with the Securities and Exchange Commission, which
is available at <u>
<font color="#0000FF">http://www.la-z-boy.com/about/investorRelations/sec_filings.aspx</font></u>.&nbsp;
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:</p>
<p class="MsoNormal" style="text-align:justify"><u><font color="#0000FF">http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx.</font></u></p>
<p class="MsoNormal" style="text-align:justify"><b><u>
Background Information</u></b></p>
<p class="MsoBodyText" style="text-align: justify; margin-left: 0in; margin-right: 0in; margin-top: 10.0pt; margin-bottom: .0001pt">
La-Z-Boy Incorporated is
one of the world&acute;s leading residential furniture producers, marketing furniture
for every room of the home. The La-Z-Boy Upholstery Group companies are Bauhaus,
England, La-Z-Boy and La-Z-Boy, U.K. The La-Z-Boy Casegoods Group companies are
American Drew, Hammary, Kincaid and Lea.</p>
<p class="MsoBodyText" style="text-align: justify; margin-left: 0in; margin-right: 0in; margin-top: 10.0pt; margin-bottom: .0001pt">
The corporation&acute;s proprietary distribution network is dedicated exclusively to
selling La-Z-Boy Incorporated products and brands, and includes 336 stand-alone
La-Z-Boy Furniture Galleries&reg; stores, 168 La-Z-Boy In-Store Galleries and 186
Comfort Studios, in addition to in-store gallery programs at the company&acute;s
Kincaid, England and Lea operating units. According to industry trade
publication <i>In Furniture</i>, the La-Z-Boy Furniture Galleries retail network
is North America&acute;s largest single-brand furniture retailer. Additional
information is available at <u><font color="#0000FF">http://www.la-z-boy.com/.</font></u></p>
[{"type": "8-K", "sequence": "1", "filename": "eightk.htm", "secsgml_size_bytes": 26665}]
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549-1004
FORM 8-K
Current Report
Pursuant to Section 13 or 15(d)of
the Securities Exchange Act of 1934
March 31, 2008
(Date
of Report (Date of Earliest Event Reported))
LA-Z-BOY
INCORPORATED
(Exact
name of registrant as specified in its charter)
MICHIGAN
1-9656
38-0751137
(State or other jurisdiction of
(Commission
(IRS Employer
incorporation)
File Number)
Indentification Number)
1284 North
      Telegraph Road, Monroe, Michigan
48162-3390
(Address of principal executive offices)
Zip Code
Registrant's telephone number, including area code
(734)
242-1444
None
(Former name or former
address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
[ ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.05.
Costs Associated with Exit or Disposal Activities.
On March 31,2008, management committed
	to a restructuring plan which includes two major initiatives
	designed to strengthen its North American operations.  As a result of this
	restructuring plan, the company will consolidate all of its domestic cutting
	and sewing operations in Mexico and will transfer production from its
	Tremonton, Utah plant, which will be closed, to its five remaining La-Z-Boy
	branded upholstery manufacturing facilities.
The
		transition of the company´s domestic cutting and sewing operations to
		Ramos Arizpe, Mexico, in the State of Coahuila, will impact
		approximately 1,050 La-Z-Boy employees at the five remaining facilities
		and will take place over a period of 18 to 24 months.  La-Z-Boy expects
		to begin production at its Mexican facility in early calendar 2009.
The
		company´s Utah facility, which employs 630 people, will cease operations
		during the summer of 2008 and production will be shifted to the
		company´s remaining five facilities.  As a result, La-Z-Boy expects to
		add approximately 400 production positions to its other facilities.
In connection with these activities, the Company expects to record total
		pre-tax restructuring and related asset impairment charges of $17 to $20
		million or $0.20 to $0.24 per share as follows:
o
Asset impairment charges of $0.5
				million in accordance with Statement of Financial Accounting
				Standards ("SFAS") No. 144
Accounting for the Impairment or Disposal of Long-Lived Assets
to write-down the facilities´ real and personal property to
				estimated fair market value, less costs to sell, will be
				recorded in the fourth quarter of fiscal 2008.
o
Severance and benefit costs of
				$9.0 to $11.0 million in accordance with SFAS No. 146
Accounting for Costs Associated
				with Exit or Disposal Activities
will be recorded as
				follows:  about $1.0 to $1.5 million in the fourth quarter of
				fiscal 2008, about $4.0 to $4.5 million in fiscal 2009 and the
				remainder in fiscal 2010.
o
Other costs incurred to close and consolidate facilities as well
				as transfer production to other facilities of $7.5 to $8.5
				million will be recorded as follows:  about $0.5 million in
				the fourth quarter of fiscal 2008, about $5.0 to $5.5 million in fiscal 2009 and
				the remainder in fiscal 2010.
All of the
		charges, except for the $0.5 million asset impairment charge, will
		result in future cash expenditures relating to severance, benefits and
		other plant exit and consolidation costs
.
Further information about the restructuring plan is set forth in the
		press release attached as Exhibit 99.1, which is incorporated herein by
		reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No.
Description
99.1
Press Release issued by the Company, dated April 2, 2008,
		announcing the
two major initiatives designed to
		strengthen its North American operations
.
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned thereunto duly
authorized.
LA-Z-BOY
      INCORPORATED
(Registrant)
Date: April 4, 2008
BY: /S/ Louis M. Riccio, Jr.
——————————————
Louis M. Riccio, Jr.
Senior Vice President and Chief Financial Officer
Exhibit 99.1
NEWS RELEASE
Contact:  Kathy
		Liebmann
(734) 241-2438
kathy.liebmann
@la-z-boy.com
LA-Z-BOY
ANNOUNCES MOVES TO STRENGTHEN ITS NORTH AMERICAN OPERATIONS
MONROE, MI.   April 2, 2008–La-Z-Boy Incorporated (NYSE:
LZB) today announced two major initiatives designed to strengthen its North
American operations.  The company will consolidate all of its domestic cutting
and sewing operations in Mexico and will transfer production from its Tremonton,
Utah plant, which will be closed, to its five remaining La-Z-Boy branded
upholstery manufacturing facilities.
The transition of the company´s domestic cutting and sewing
operations to Ramos Arizpe, Mexico, in the State of Coahuila, will impact
approximately 1,050 La-Z-Boy employees at the five remaining facilities and will
take place over a period of 18 to 24 months.  La-Z-Boy expects to begin
production at its Mexican facility in early calendar 2009.
The company´s Utah facility employs 630 people, accounts
for 13% of the La-Z-Boy branded business total upholstery manufacturing capacity
and produces recliners, motion furniture and stationary upholstery.  La-Z-Boy
will cease operations at the Utah facility during the summer of 2008 and
production will be shifted to the company´s remaining five facilities.  As a
result, La-Z-Boy expects to add approximately 400 production positions to its
other facilities.
Kurt L. Darrow, La-Z-Boy´s President and Chief Executive
Officer, said, "Speed to market for custom orders is a tenet of our brand
promise to the consumer and the strength of our U.S. facilities enables us to
deliver on that promise.  With its proximity to the U.S. and the lower cost
structure inherent in a Mexican-based operation, we made the decision to
transition our domestic cutting and sewing operations while streamlining the
assembly aspect of production in the United States.   Our new Mexican facility
will be able to rapidly supply our domestic plants with cut-and-sewn fabrics and
leather for custom orders and will complement the existing cut-and-sew program
from China, which supplies our U.S. manufacturing operations with kits for our
high-volume SKUs."
Darrow continued, "Once we made the decision to transition
the domestic cut-and-sew operations to Mexico, we analyzed our remaining total
capacity.  With the floor space created by consolidating six cut-and-sew
operations into one in Mexico, and with our manufacturing facilities dedicated
solely to production, we determined we could service our existing and future
demand with one less facility.  Importantly, our remaining facilities will be
able to increase their capacity utilization as a result of this change. 
Therefore, we made the difficult decision to close our Tremonton, Utah
facility.  We are confident this reallocation of resources, combined with the
many changes we have made to our production processes, will continue to
strengthen our operations. We regret the impact these moves will have on the
families and lives of those employees affected and greatly appreciate the
contribution of each employee and thank them for their years of dedicated
service."
Darrow added, "With the normal attrition rate at our
production facilities and the time with which we plan to transition our cutting
and sewing operations, employees working in that capacity will have the
opportunity to learn new skills and be considered for other positions within
their facilities as they become available, particularly as we shift production
from Utah."
Following the closure of its Utah facility, La-Z-Boy´s
upholstery segment will have a total of 5.5 million square feet of upholstery
manufacturing space in North America, including 4.8 million in the United States
and 700,000 square feet in Mexico and will employ approximately 8,000 people in
those facilities.  Darrow said, "With the breadth and size of our operation, we
will ensure that our dealers and their customers will continue to receive
excellent service with on-time deliveries as we transition production between
facilities.  Additionally, our manufacturing footprint will allow us to flex our
capacity as we execute on our strategic growth plan."
The Utah facility, which is approximately 675,000 square
feet, will be idled after operations cease and will be marketed for sale.  As a
result of these actions, La-Z-Boy will take a pre-tax restructuring charge in
the range of $17 - $20 million, or $0.20 to $0.24 per share.  This charge will
be principally for severance and other benefit costs and will also include
training costs to begin production in the other facilities, the write-down of
certain fixed assets and other associated costs.  As the plant is closed and the
cut-and-sew operations are transferred, these charges will be incurred as
follows:  $2.0 - $2.5 million in the fourth quarter of fiscal 2008; $9.0 - $10.0
million in fiscal 2009; and the balance in 2010. Once these moves are completed,
the company expects to realize in excess of $25 million in annual cost savings,
with the full benefit beginning in fiscal 2011.
Forward-looking Information
Any forward-looking statements contained in this news
release are based on current information and assumptions and represent
management´s best judgment at the present time.
Actual results could differ materially from those anticipated or projected due
to a number of factors. These factors include, but are not limited to: (a)
changes in consumer confidence; (b) changes in demographics; (c) changes in
housing sales; (d) the impact of terrorism or war; (e) continued energy price
changes; (f) the impact of logistics on imports; (g) the impact of interest rate
changes; (h) changes in currency exchange rates; (i) competitive factors; (j)
operating factors, such as supply, labor or distribution disruptions including
changes in operating conditions or costs; (k) effects of restructuring actions;
(l) changes in the domestic or international regulatory environment; (m) ability
to implement global sourcing organization strategies; (n) fair value changes to
our intangible assets due to actual results differing from projected; (o) the
impact of adopting new accounting principles; (p) the impact from natural events
such as hurricanes, earthquakes and tornadoes; (q) the impact of retail store
relocation costs, the success of new stores or the timing of converting stores
to the New Generation format; (r) the ability to procure fabric rolls or cut and
sewn fabric sets domestically or abroad; (s)  those matters discussed under
"Risk Factors" in our most recent Annual Report of Form 10-K and subsequent
Quarterly Reports on Form 10-Q and factors relating to acquisitions and other
factors identified from time to time in our reports filed with the Securities
and Exchange Commission. We undertake no obligation to update or revise any
forward-looking statements, either to reflect new developments or for any other
reason
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
http://www.la-z-boy.com/about/investorRelations/sec_filings.aspx
. 
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:
http://www.la-z-boy.com/about/investorRelations/IR_email_alerts.aspx.
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 Group companies are Bauhaus,
England, La-Z-Boy and La-Z-Boy, U.K. The La-Z-Boy Casegoods Group companies are
American Drew, Hammary, Kincaid and Lea.
The corporation´s proprietary distribution network is dedicated exclusively to
selling La-Z-Boy Incorporated products and brands, and includes 336 stand-alone
La-Z-Boy Furniture Galleries® stores, 168 La-Z-Boy In-Store Galleries and 186
Comfort Studios, in addition to in-store gallery programs at the company´s
Kincaid, England and Lea operating units. According to industry trade
publication
In Furniture
, the La-Z-Boy Furniture Galleries retail network
is North America´s largest single-brand furniture retailer. Additional
information is available at
http://www.la-z-boy.com/.