LOWES COMPANIES INC shareholders rejected Shareholder Proposal requesting a report on risks of sharing customer data with third parties at the 2026-05-29 meeting.
“Proposal 6: Shareholder Proposal requesting a report on risks of sharing customer data with third parties VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 38,182,128 380,809,009 5,101,811 80,202,452”
Shareholder Votes
LOWES COMPANIES INC shareholders rejected Shareholder Proposal requesting a report describing how the Company could disclose its plastic packaging footprint at the 2026-05-29 meeting.
“Proposal 5: Shareholder Proposal requesting a report describing how the Company could disclose its plastic packaging footprint VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 74,620,520 344,546,720 4,925,708 80,202,452”
Shareholder Votes
LOWES COMPANIES INC shareholders rejected Shareholder Proposal requesting an independent board chairman at the 2026-05-29 meeting.
“Proposal 4: Shareholder Proposal requesting an independent board chairman VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 83,841,188 338,320,207 1,931,553 80,202,452”
Shareholder Votes
LOWES COMPANIES INC shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2026 at the 2026-05-29 meeting.
“Proposal 3: Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2026 VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 474,587,395 28,990,734 717,271 N/A”
Shareholder Votes
LOWES COMPANIES INC shareholders approved Advisory vote to approve the Company’s named executive officer compensation in fiscal 2025 at the 2026-05-29 meeting.
“Proposal 2: Advisory vote to approve the Company’s named executive officer compensation in fiscal 2025 VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 402,276,204 20,533,707 1,283,037 80,202,452”
Shareholder Votes
LOWES COMPANIES INC shareholders approved Election of Directors at the 2026-05-29 meeting.
“Proposal 1: Election of Directors VOTES FOR VOTES WITHHELD BROKER NON-VOTES Raul Alvarez 403,491,808 20,601,140 80,202,452 Scott H. Baxter 417,503,557 6,589,391 80,202,452 Sandra B. Cochran 415,325,255 8,767,693 80,202,452 Laurie Z. Douglas 414,086,330 10,006,618 80,202,452 Richard W. Dreiling 403,363,807 20,729,141 80,202,452 Marvin R. Ellison 405,224,326 18,868,622 80,202,452 Navdeep Gupta 420,468,719 3,624,229 80,202,452 Brian C. Rogers 416,432,107 7,660,841 80,202,452 Bertram L. Scott 412,695,834 11,397,114 80,202,452 Lawrence Simkins 418,819,143 5,273,805 80,202,452 Colleen Taylor 419,164,402 4,928,546 80,202,452 Mary Beth West 419,385,881 4,707,067 80,202,452”
Earnings Releases
LOWES COMPANIES INC reported first quarter ended May 1, 2026 results: revenue $23.1 billion, net income $1.6 billion, EPS $2.90. Guidance reaffirmed.
“Group (ADG). Excluding these expenses, first quarter 2026 adjusted diluted EPS 1 increased 3.8% to $3.03 compared to the prior-year diluted EPS. Total sales for the quarter were $23.1 billion, compared to $20.9 billion in the prior-year quarter. Comparable sales for the quarter increased 0.6%, driven by strong spring execution as well as a 15.5% online sales growth”
Debt Financings
LOWES COMPANIES INC incurred term loan of $2.0 billion with Bank of America, N.A maturing third anniversary of the signing date thereof.
“entered into a Term Loan Credit Agreement (the “ Term Loan Credit Agreement ”) with certain lenders party thereto and Bank of America, N.A, as administrative agent, for a $2.0 billion unsecured term loan facility (the “ Term Loan Facility ”) that will mature on the third anniversary of the signing date thereof to finance a portion of the Purchase Price and”
Earnings Releases
LOWES COMPANIES INC reported third quarter ended November 3, 2023 results: revenue $20.5 billion, net income $1.8 billion, EPS $3.06.
“related to its Canadian retail business. Excluding the impairment charge in the prior year, third quarter 2022 adjusted diluted EPS 1 was $3.27. Total sales for the quarter were $20.5 billion 2 . Comparable sales decreased 7.4% 3 due to a decline in DIY discretionary spending, partially offset by positive Pro customer comp sales. “In the third quarter, the company”
Daniel J. Heinrich resigned as Director at LOWES COMPANIES INC.
“On October 19, 2023, Daniel J. Heinrich, a member of the Board of Directors of Lowe’s Companies, Inc. (the “Company”), informed the Company of his decision to resign as a director of the Company, effective October 23, 2023.”
Debt Financings
LOWES COMPANIES INC amended revolving credit of $2 billion with Bank of America, N.A. at Base Rate or Term SOFR plus an applicable margin (0.000% - 0.100% for Base Rate maturing September 1, 2028.
“to provide for a $2 billion unsecured revolving credit agreement (as amended and restated, the “2023 Credit Agreement”), maturing on September 1, 2028.”
Material Agreements
LOWES COMPANIES INC entered into Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association and Wells Fargo Bank, National Association, as co-syndication agents and letter of credit issuers, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Bar valued at $2 billion (effective 2023-09-01).
“On September 1, 2023, Lowe’s Companies, Inc. (the “Company”) entered into an Amended and Restated Credit Agreement (the “Amended and Restated Credit Agreement”) with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association and Wells Fargo Bank, National Association, as co-syndication agents and letter of credit issuers, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Barclays Bank PLC, as co-documentation agents, and the other lenders party thereto, which Amended and Restated Credit Agreement amends and restates that certain Credit Agreement, dated as of March 23, 2020, by and among the Company, Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, U.S. Bank National Association, as syndication agent and a letter of credit issuer, Citibank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association, as co-documen”
Earnings Releases
LOWES COMPANIES INC reported second quarter ended August 4, 2023 results: revenue $25.0 billion, net income $2.7 billion, EPS $4.56. Guidance reaffirmed.
“Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $2.7 billion and diluted earnings per share (EPS) of $4.56 for the quarter ended Aug. 4, 2023, compared to diluted EPS of $4.67 in the second quarter of 2022 . Total sales for the quarter were $25.0 billion”
Shareholder Votes
LOWES COMPANIES INC shareholders rejected Shareholder proposal requesting an independent board chairman at the 2023-05-26 meeting.
“Proposal 5: Shareholder proposal requesting an independent board chairman VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 101,317,834 323,247,149 18,741,976 87,413,479”
Shareholder Votes
LOWES COMPANIES INC shareholders approved Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2023 at the 2023-05-26 meeting.
“Proposal 4: Ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal 2023 VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 504,374,914 25,631,495 714,029 N/A”
Shareholder Votes
LOWES COMPANIES INC shareholders approved Advisory vote on the frequency of future advisory votes to approve the Company’s named executive officer compensation at the 2023-05-26 meeting.
“Proposal 3: Advisory vote on the frequency of future advisory votes to approve the Company’s named executive officer compensation ONE YEAR TWO YEARS THREE YEARS ABSTENTIONS BROKER NON-VOTES 435,396,432 1,133,732 5,868,667 908,128 87,413,479”
Shareholder Votes
LOWES COMPANIES INC shareholders approved Advisory approval of the Company’s named executive officer compensation in fiscal 2022 at the 2023-05-26 meeting.
“Proposal 2: Advisory approval of the Company’s named executive officer compensation in fiscal 2022 VOTES FOR VOTES AGAINST ABSTENTIONS BROKER NON-VOTES 406,562,749 35,113,614 1,630,596 87,413,479”
Shareholder Votes
LOWES COMPANIES INC shareholders approved Election of Directors at the 2023-05-26 meeting.
“Proposal 1: Election of Directors VOTES FOR VOTES WITHHELD BROKER NON-VOTES Raul Alvarez 419,297,947 24,009,012 87,413,479 David H. Batchelder 434,170,832 9,136,127 87,413,479 Scott H. Baxter 437,612,594 5,694,365 87,413,479 Sandra B. Cochran 439,261,146 4,045,813 87,413,479 Laurie Z. Douglas 437,716,141 5,590,818 87,413,479 Richard W. Dreiling 429,704,134 13,602,825 87,413,479 Marvin R. Ellison 416,893,324 26,413,635 87,413,479 Daniel J. Heinrich 436,930,183 6,376,776 87,413,479 Brian C. Rogers 433,178,416 10,128,543 87,413,479 Bertram L. Scott 429,160,525 14,146,434 87,413,479 Colleen Taylor 439,528,442 3,778,517 87,413,479 Mary Beth West 439,644,739 3,662,220 87,413,479”
Earnings Releases
LOWES COMPANIES INC reported first quarter ended May 5, 2023 results: revenue $22.3 billion, net income $2.3 billion, EPS $3.77.
“MOORESVILLE, N.C., May 23, 2023 – Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $2.3 billion and diluted earnings per share (EPS) of $3.77 for the quarter ended May 5, 2023, compared to diluted EPS of $3.51 in the first quarter of 2022 . During the first quarter, the company recognized a gain associated with the 2022 sale of the Canadian retail business. This positively impacted first quarter diluted EPS by $0.10. Excluding this benefit, the company delivered adjusted diluted EPS 1 of $3.67, an increase of 5% compared to prior year. Total sales for the quarter were $22.3 billion 2 .”
Debt Financings
LOWES COMPANIES INC incurred senior notes of $3.0 billion with U.S. Bank Trust Company, National Association at 4.800% per annum (2026 Notes), 5.150% per annum (2033 Notes), 5.750% per annum ( maturing April 1, 2026 (2026 Notes), July 1, 2033 (2033 Notes), July 1, 2053 (2053 Notes), April 1, 2063 (2063 Notes).
“On March 30, 2023, Lowe’s Companies, Inc. (the “Company”) issued an aggregate of $3.0 billion of unsecured notes, consisting of $1.0 billion aggregate principal amount of its 4.800% Notes due April 1, 2026 (the “2026 Notes”), $1.0 billion aggregate principal amount of its 5.150% Notes due July 1, 2033 (the “2033 Notes”), $500 million aggregate principal amount of its 5.750% Notes due July 1, 2053 (the “2053 Notes”) and $500 million aggregate principal amount of its 5.850% Notes due April 1, 2063 (the “2063 Notes” and, together with the 2026 Notes, 2033 Notes and 2053 Notes, the “Notes”).”
Material Agreements
LOWES COMPANIES INC entered into Twenty-Second Supplemental Indenture with U.S. Bank Trust Company, National Association valued at $3.0 billion (effective 2023-03-30).
“On March 30, 2023, Lowe’s Companies, Inc. (the “Company”) issued an aggregate of $3.0 billion of unsecured notes, consisting of $1.0 billion aggregate principal amount of its 4.800% Notes due April 1, 2026 (the “2026 Notes”), $1.0 billion aggregate principal amount of its 5.150% Notes due July 1, 2033 (the “2033 Notes”), $500 million aggregate principal amount of its 5.750% Notes due July 1, 2053 (the “2053 Notes”) and $500 million aggregate principal amount of its 5.850% Notes due April 1, 2063 (the “2063 Notes” and, together with the 2026 Notes, 2033 Notes and 2053 Notes, the “Notes”).”
Earnings Releases
LOWES COMPANIES INC reported financial results for fourth quarter and year ended February 3, 2023.
“On March 1, 2023, Lowe’s Companies, Inc. (the “Company”) issued a press release and related infographic, furnished as Exhibits 99.1 and 99.2, respectively, and incorporated herein by reference, announcing the Company’s financial results for its fourth quarter and year ended February 3, 2023.”
Material Agreements
LOWES COMPANIES INC amended Amendment No. 2 to Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto (effective 2023-01-17).
“Also on January 17, 2023, the Company entered into Amendment No. 2 to Credit Agreement (“Amendment No. 2” and, together with Amendment No. 1, the “Amendments”) with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto.”
Material Agreements
LOWES COMPANIES INC amended Amendment No. 1 to Third Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto (effective 2023-01-17).
“On January 17, 2023, Lowe’s Companies, Inc. (the “Company”) entered into Amendment No. 1 to Third Amended and Restated Credit Agreement (“Amendment No. 1”) with Bank of America, N.A., as administrative agent, swing line lender and a letter of credit issuer, and the other lenders party thereto.”
Earnings Releases
LOWES COMPANIES INC reported third quarter ended October 28, 2022 results: revenue $23.5 billion, net income $154 million, EPS $0.25. Guidance raised.
“Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $154 million and diluted earnings per share (EPS) of $0.25 for the quarter ended Oct. 28, 2022, which included a pre-tax non-cash asset impairment charge of $2.1 billion related to its Canadian retail business, compared to diluted EPS of $2.73 in the third quarter of 2021 . Excluding the impairment charge, third quarter adjusted diluted EPS 1 increased 19.8% to $3.27 compared to the prior year. Total sales for the third quarter were $23.5 billion compared to $22.9 billion in the third quarter of 2021, and comparable sales increased 2.2%.”
Governance Changes
LOWES COMPANIES INC: Amended Bylaws to enhance procedural mechanics and disclosure requirements for shareholder nominations and proposals, including compliance with Rule 14a-19 and additional disclosures (effective 2022-11-11).
“On November 11, 2022, the Board of Directors (the “Board”) of Lowe’s Companies, Inc. (the “Company”) approved certain amendments (the “Amendments”) to the Company’s Bylaws (the “Bylaws”) that became effective immediately upon approval by the Board. The Amendments were made to enhance the procedural mechanics and disclosure requirements in connection with shareholder nominations of directors and submissions of shareholder proposals (other than proposals to be included in the Company’s proxy statement pursuant to Rule 14a-8 under the Exchange Act) at shareholder meetings, including without limitation, by (i) requiring a shareholder delivering a notice pursuant to the advance notice provisions of the Bylaws to comply with the requirements of Rule 14a-19 under the Securities Exchange Act of 1934, as amended, and make related undertakings, including to provide reasonable evidence that the undertakings have been satisfied; and (ii) requiring additional background information and disclosures”
Scott H. Baxter was elected as director at LOWES COMPANIES INC.
“On August 4, 2022, the Board of Directors (the “Board”) of Lowe’s Companies, Inc. (the “Company”) elected Scott H. Baxter as a director.”
Brandon J. Sink was appointed as Executive Vice President, Chief Financial Officer at LOWES COMPANIES INC.
“On April 7, 2022, the Board of Directors of Lowe’s Companies, Inc. (the “Company”) appointed Brandon J. Sink to serve as Executive Vice President, Chief Financial Officer, effective April 30, 2022.”
David M. Denton resigned as Executive Vice President, Chief Financial Officer at LOWES COMPANIES INC.
“Mr. Denton’s departure is to accept another role at a publicly traded company outside the Company’s industry and is not due to a dispute or disagreement with the Company.”
Angela Braly resigned as Director at LOWES COMPANIES INC.
“On July 29, 2021, Angela Braly, a member of the Board of Directors of Lowe's Companies, Inc. (the “Company”), informed the Company of her decision to resign as a director of the Company, effective July 29, 2021.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.