8-KEarnings & ResultsLeadership ChangesExhibits & Filings

LOWES COMPANIES INC 8-K Report, Financial Results (Nov 14, 2011)

Filed November 14, 2011For Securities:LOW

Summary

Lowe's Companies, Inc. (LOW) filed an 8-K on November 13, 2011, reporting on their third-quarter financial results and a significant board appointment. The company announced its financial and operational performance for the third quarter ended October 28, 2011, through a press release furnished as an exhibit. Investors should refer to this press release for detailed insights into the company's operational and financial condition during the period. In addition to financial updates, the filing discloses the election of Eric C. Wiseman, Chairman, President, and CEO of VF Corporation, to Lowe's Board of Directors. Mr. Wiseman's appointment to the Board and its Compensation and Governance Committees is effective immediately, bringing external executive leadership experience to the company's oversight functions. He will be compensated according to the standard director compensation policy.

Key Highlights

  • 1Lowe's announced its third-quarter financial results for the period ending October 28, 2011.
  • 2The company furnished a press release detailing its financial performance and condition for Q3 2011.
  • 3Eric C. Wiseman was elected to the Lowe's Board of Directors.
  • 4Mr. Wiseman is the Chairman, President, and CEO of VF Corporation.
  • 5He was appointed to the Board's Compensation Committee and Governance Committee.
  • 6Mr. Wiseman's directorship term will expire at the 2012 annual shareholders' meeting.
  • 7No undisclosed arrangements or transactions exist between Mr. Wiseman and Lowe's.

Frequently Asked Questions

The 8-K filing itself does not contain the specific financial results. Investors need to refer to the press release dated November 14, 2011 (Exhibit 99.1) which is furnished with this report for detailed information on Lowe's third-quarter financial performance.

Eric C. Wiseman is the Chairman, President, and CEO of VF Corporation. His election to Lowe's Board of Directors on November 11, 2011, adds external executive leadership experience to the company's governance structure. He was also appointed to the Compensation and Governance Committees.

No, Mr. Wiseman will receive compensation in accordance with Lowe's standard arrangements for non-employee directors, as previously described in the company's proxy statement.

The filing explicitly states that there are no arrangements or understandings with other persons related to Mr. Wiseman's selection as a director, and no transactions requiring disclosure under Item 404(a) of Regulation S-K.