UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
To Section 13 or 15 (d) of the Securities Exchange Act of
1934
|
Date
of Report (Date of earliest event reported)
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May
25, 2007
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LOWE'S
COMPANIES, INC.
(Exact
name of registrant as specified in its charter)
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North
Carolina
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1-7898
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56-0578072
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(State
or other jurisdiction
of
incorporation)
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(Commission
File
Number)
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(IRS
Employer
Identification
No.)
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1000
Lowe's Blvd., Mooresville, NC
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28117
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(Address
of principal executive offices)
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(Zip
Code)
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|
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Registrant's
telephone number, including area code
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(704)
758-1000
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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 (see
General
Instruction A.2. below):
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o
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Written
communications pursuant to Rule 425 under the Securities Act (17
CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR
240.14d-2(b))
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR
240.13e-4(c))
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ITEM
5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS
Effective
May 25, 2007, Paul Fulton, a member of the board of directors of Lowe’s
Companies, Inc. (the “Company”), retired from the board. Having reached the
mandatory retirement age for directors under the Company’s Corporate Governance
Guidelines, Mr. Fulton, whose term as a Class III Director of the Company
expired on May 25, 2007, was not eligible for reelection at the Company’s Annual
Meeting of Shareholders held on May 25, 2007.
ITEM
8.01 OTHER EVENTS
On
May
25, 2007, Lowe’s Companies, Inc. (the “Company”) issued a press release,
furnished as Exhibit 99.1 and incorporated herein by reference, announcing
the
approval of an increase in its current share repurchase program of up to
$3
billion through fiscal 2009, effective immediately. The Board of Directors
also
declared a quarterly cash dividend of $0.08 per share, which represents a
60% increase.
The
information contained in Item 8.01 of this Current Report on Form 8-K,
including
the exhibit attached hereto, is being "furnished" and shall not be deemed
to be
“filed” for the purposes of Section 18 of the Securities Exchange Act of 1934,
as amended, or otherwise subject to the liabilities of that Section.
Furthermore, the information contained in Item 8.01 of this Current Report
on
Form 8-K shall not be deemed to be incorporated by reference into any
registration statement or other document filed pursuant to the Securities
Act of
1933, as amended.
ITEM
9.01 FINANCIAL
STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1
Press Release dated May 25, 2007, announcing an increase in the Company's
share
repurchase program and the declaration of a quarterly
cash dividend.
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 hereunto
duly authorized.
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LOWE'S
COMPANIES, INC.
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| Date: May 25, 2007 | By: | /s/ Matthew V. Hollifield |
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Matthew
V. Hollifield
Senior
Vice President and Chief
Accounting Officer
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