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.