Lumber Liquidators reorganizes
- January 4, 2010
Lumber Liquidators has formed a new parent company. Lumber Liquidators Holdings Inc. took effect Dec. 31 as the new holding company for the hardwood flooring retailer. Under the new corporate structure, the business operations of the Toano-based company and its subsidiaries remain the same. The aim of the reorganization is to provide a more efficient structure for risk mitigation, compensation and other benefits.
The executive officers and board of the directors of the new company are the same as those of the former Lumber Liquidators Inc. Outstanding shares of the capital stock of the former parent company were automatically converted on a share-for-share basis into identical shares of common stock of the new holding company.