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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;January 8,
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 5.02. &nbsp;Departure
of Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers. </FONT></H1>

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<p class="MsoNormal">&nbsp;Amendment to Awards Made Pursuant to 2004 Long-term
Equity Award Plan&nbsp;&nbsp; </p>
<p class="MsoNormal">&nbsp;&nbsp;&nbsp; Pursuant to the 2004 Long-term Equity
Award Plan (the &#147;Plan&#148;) of La-Z-Boy Incorporated (the &#147;Company&#148;), the Company
previously made grants effective July 11, 2007, of performance-based stock
awards (the &#147;Awards&#148;) to approximately 120 employees, including the Company&acute;s
named executive officers then employed by the Company.&nbsp; The recipients of the
Awards were to receive shares of the Company&acute;s common stock if the Company
performed at a specified level.&nbsp; The Awards were made for a three-year term
comprising the Company&acute;s 2008, 2009, and 2010 fiscal years, with pay-outs at the
end of the period based on the Company&acute;s performance during the three-year
period.</p>
<p class="MsoNormal">&nbsp;&nbsp;&nbsp; Based on current market conditions and
the Company&acute;s performance in the first two quarters of fiscal 2008, the
performance targets in the Awards now appear to be unrealistic, and the Awards
therefore will not provide an incentive to management during the three-year
period.&nbsp; The Compensation Committee believes that providing management with
performance incentives is central to the Company&acute;s efforts to attract and retain
key executives and to directly link executives&acute; financial interests to those of
the Company&acute;s shareholders.&nbsp; Following consultation with its independent outside
consultant, on January 7, 2008, the Company&acute;s Compensation Committee recommended
to the Board of Directors, and on January 8, 2008, the Board approved,
amendments to the Awards intended to provide management with realistic
incentives tied to critical short-term goals related to transformation of the
Company&acute;s business.&nbsp; Outstanding awards previously issued for the fiscal years
2007-2009 period and the fiscal years 2006-2008 period have not been amended and
are not expected to be paid out.</p>
<p class="MsoNormal">&nbsp;&nbsp;&nbsp; The amendments to the Awards do not
alter the number of shares for which each recipient is eligible.&nbsp; They provide
that 50% of the shares for which each recipient is eligible may be earned based
on the Company&acute;s performance from December 30, 2007, through April 26, 2008, and
50% may be earned based on the Company&acute;s performance in fiscal year 2009.&nbsp; Each
50% is earned independent of the other 50%, but both will be paid out only to
recipients still employed by the Company on April 24, 2010, except as otherwise
provided in the Plan.</p>
<p class="MsoNormal">&nbsp;&nbsp;&nbsp;&nbsp;
The original Awards provided that they would be paid out only if the Company
achieved a certain level of cumulative diluted earnings per share for the
original three-year performance period and that pay outs would be reduced if the
Company failed to achieve one or more specified Subordinate Goals.&nbsp; The amended
Awards retain diluted earnings per share as the main goal but provide for a new,
single Subordinate Goal, net cash provided by operating activities, which the
Company believes is more closely aligned with its needs during this period of
transformation. &nbsp;Under the amended Awards, both the main goal and the
Subordinate Goal will be evaluated separately for each of the two new
performance periods.&nbsp; For the earlier performance period, net cash provided by
operating activities will be based on the Company&acute;s third and fourth fiscal
quarters of fiscal 2008.</p>

<P style="PAGE-BREAK-AFTER: always">&nbsp;</P>
<HR color=black SIZE=4>


&nbsp;<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: January 14, 2008</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><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>

<HR color=black SIZE=4>

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[{"type": "8-K", "sequence": "1", "filename": "eightk.htm", "secsgml_size_bytes": 12854}]
{"company-data": {"conformed-name": "LA-Z-BOY INC", "cik": "0000057131", "assigned-sic": "2510", "irs-number": "380751137", "state-of-incorporation": "MI", "fiscal-year-end": "0428"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-09656", "film-number": "08528093"}, "business-address": {"street1": "1284 N TELEGRAPH RD", "city": "MONROE", "state": "MI", "zip": "48162", "phone": "7342414414"}, "mail-address": {"street1": "1284 N TELEGRAPH RD", "city": "MONROE", "state": "MI", "zip": "48162"}, "former-company": {"former-conformed-name": "LA Z BOY CHAIR CO", "date-changed": "19920703"}}
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
January 8,
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 5.02.  Departure
of Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
Amendment to Awards Made Pursuant to 2004 Long-term
Equity Award Plan
Pursuant to the 2004 Long-term Equity
Award Plan (the "Plan") of La-Z-Boy Incorporated (the "Company"), the Company
previously made grants effective July 11, 2007, of performance-based stock
awards (the "Awards") to approximately 120 employees, including the Company´s
named executive officers then employed by the Company.  The recipients of the
Awards were to receive shares of the Company´s common stock if the Company
performed at a specified level.  The Awards were made for a three-year term
comprising the Company´s 2008, 2009, and 2010 fiscal years, with pay-outs at the
end of the period based on the Company´s performance during the three-year
period.
Based on current market conditions and
the Company´s performance in the first two quarters of fiscal 2008, the
performance targets in the Awards now appear to be unrealistic, and the Awards
therefore will not provide an incentive to management during the three-year
period.  The Compensation Committee believes that providing management with
performance incentives is central to the Company´s efforts to attract and retain
key executives and to directly link executives´ financial interests to those of
the Company´s shareholders.  Following consultation with its independent outside
consultant, on January 7, 2008, the Company´s Compensation Committee recommended
to the Board of Directors, and on January 8, 2008, the Board approved,
amendments to the Awards intended to provide management with realistic
incentives tied to critical short-term goals related to transformation of the
Company´s business.  Outstanding awards previously issued for the fiscal years
2007-2009 period and the fiscal years 2006-2008 period have not been amended and
are not expected to be paid out.
The amendments to the Awards do not
alter the number of shares for which each recipient is eligible.  They provide
that 50% of the shares for which each recipient is eligible may be earned based
on the Company´s performance from December 30, 2007, through April 26, 2008, and
50% may be earned based on the Company´s performance in fiscal year 2009.  Each
50% is earned independent of the other 50%, but both will be paid out only to
recipients still employed by the Company on April 24, 2010, except as otherwise
provided in the Plan.
The original Awards provided that they would be paid out only if the Company
achieved a certain level of cumulative diluted earnings per share for the
original three-year performance period and that pay outs would be reduced if the
Company failed to achieve one or more specified Subordinate Goals.  The amended
Awards retain diluted earnings per share as the main goal but provide for a new,
single Subordinate Goal, net cash provided by operating activities, which the
Company believes is more closely aligned with its needs during this period of
transformation.  Under the amended Awards, both the main goal and the
Subordinate Goal will be evaluated separately for each of the two new
performance periods.  For the earlier performance period, net cash provided by
operating activities will be based on the Company´s third and fourth fiscal
quarters of fiscal 2008.
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: January 14, 2008
BY: /S/ Louis M. Riccio, Jr.
——————————————
Louis M. Riccio, Jr.
Senior Vice President and Chief Financial Officer