Lazard Files 8-K: Financials & Officer Changes Reported

TL;DR

**Lazard just dropped an 8-K with financial updates and potential exec changes.**

AI Summary

Lazard, Inc. filed an 8-K on February 1, 2024, reporting on events that occurred on January 30, 2024. This filing indicates that Lazard is providing updates on its results of operations and financial condition, as well as changes in its executive team or compensation arrangements. For investors, this matters because it signals that important financial and leadership information is being disclosed, which could impact the company's future performance and stock valuation.

Why It Matters

This filing signals that Lazard is disclosing key financial results and potential executive changes, which are crucial for investors to assess the company's health and future direction.

Risk Assessment

Risk Level: medium — The filing mentions 'Results of Operations and Financial Condition' and 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers,' which could contain either positive or negative news, creating uncertainty.

Analyst Insight

A smart investor would closely monitor Lazard's upcoming announcements for detailed financial results and any executive changes, as these will provide the specifics hinted at in this 8-K and could influence stock performance.

Key Numbers

• 001-32492 — Commission File Number (identifies Lazard's registration with the SEC)
• 98-0437848 — IRS Employer Identification No. (Lazard's tax identification number)
• 212-632-6000 — Registrant’s Telephone Number (Lazard's primary business contact number)
• $0.01 — par value per share (the nominal value of Lazard's Common Stock)

Key Players & Entities

• Lazard, Inc. (company) — the registrant filing the 8-K
• Delaware (company) — state of incorporation for Lazard, Inc.
• New York (company) — location of Lazard, Inc.'s principal executive offices
• $0.01 (dollar_amount) — par value per share of Lazard's Common Stock

Forward-Looking Statements

• Lazard will release detailed Q4 2023 earnings results soon, following the 'Results of Operations and Financial Condition' item. (Lazard, Inc.) — high confidence, target: Q1 2024
• There will be an announcement regarding executive compensation changes or new officer appointments. (Lazard, Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share LAZ New York Stock Exchange

Filing Documents

• laz-20240130.htm (8-K) — 31KB
• laz2023q4pr.htm (EX-99.1) — 577KB
• lazardappointsdanschulma.htm (EX-99.2) — 5KB
• lazard_corporatexbluea.jpg (GRAPHIC) — 123KB
• lazardappointsdanschulma001.jpg (GRAPHIC) — 230KB
• lazardappointsdanschulma002.jpg (GRAPHIC) — 127KB
• 0001628280-24-002803.txt ( ) — 1439KB
• laz-20240130.xsd (EX-101.SCH) — 2KB
• laz-20240130_lab.xml (EX-101.LAB) — 24KB
• laz-20240130_pre.xml (EX-101.PRE) — 12KB
• laz-20240130_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 1, 2024, Lazard, Inc. (the "Company") issued a press release announcing financial results for its full year 2023 and fourth quarter ended December 31, 2023. A copy of the Company's press release containing this information is being furnished as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference. The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On January 30, 2024, the Company announced that the Board of Directors (the "Board") elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024. Mr. Schulman will serve on the Compensation, Nominating and Governance, and Workplace and Culture Committees of the Board. Mr. Howe will serve on the Audit and Workplace and Culture Committees of the Board. Each of Messrs. Schulman and Howe will receive compensation pursuant to the Company's directors' compensation program for independent directors of the Company, the terms of which are described in Item 1 of the Company's Definitive Proxy Statement on Schedule 14A filed on March 22, 2023, and are incorporated herein by reference. A copy of the Company's press release announcing the election of Messrs. Schulman and Howe is attached as Exhibit 99.2 to this Report on Form 8-K and is incorporated herein by reference.

01 Other Events

Item 8.01 Other Events. As in recent years, the Company currently expects that the vesting and settlement of certain deferred incentive compensation awards that were previously granted to the Company's employees (other than the Company's named executive officers) under either the Company's 2008 Incentive Compensation Plan or the Company's 2018 Incentive Compensation Plan and that were originally scheduled to vest on March 1, 2024 may be accelerated to occur on one or more earlier dates during February 2024. This Report on Form 8-K contains certain forward-looking statements that are subject to known and unknown risks and uncertainties. The timing of events may differ significantly from those expressed or implied in such forward-looking statements due to a number of factors, including those set forth in sections entitled "Risk Factors" and "Special Note Regarding Forward-Looking Statements" in the Company's Annual Report on Form 10-K for the year ended December 31, 2022 and the Company's Quarterly Reports on Form 10-Q for the quarters ended March 31, 2023, June 30, 2023 and September 30, 2023.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits . The following exhibits are filed or furnished as part of this Report on Form 8-K: Exhibit Number Description 99.1 Press Release issued February 1, 2024 99.2 Press Release issued January 30, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. LAZARD, INC. (Registrant) By: /s/ Shari Soloway Name: Shari Soloway Title: Corporate Secretary Dated: February 1, 2024

View Full Filing

View this 8-K filing on SEC EDGAR