Lazard, Inc. Files 8-K on Officer/Director Changes & Shareholder Votes
Ticker: LAZ · Form: 8-K · Filed: May 13, 2024 · CIK: 1311370
| Field | Detail |
|---|---|
| Company | Lazard, Inc. (LAZ) |
| Form Type | 8-K |
| Filed Date | May 13, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, officer-changes, director-changes, shareholder-vote
Related Tickers: LAZ
TL;DR
LAZ board shakeup & shareholder votes incoming - watch for leadership changes.
AI Summary
Lazard, Inc. filed an 8-K on May 13, 2024, reporting events as of May 9, 2024. The filing covers the departure of directors or certain officers, the election of directors, the appointment of certain officers, and compensatory arrangements for certain officers. It also includes the submission of matters to a vote of security holders.
Why It Matters
This filing indicates potential shifts in Lazard's leadership and governance structure, which could impact strategic direction and investor confidence.
Risk Assessment
Risk Level: medium — Changes in directors or officers, and matters submitted to a vote, can signal internal shifts or strategic decisions that may affect the company's future performance.
Key Players & Entities
- Lazard, Inc. (company) — Registrant
- May 9, 2024 (date) — Earliest event reported
- May 13, 2024 (date) — Date of report
- 30 Rockefeller Plaza (location) — Principal Executive Offices
FAQ
What specific changes occurred regarding directors or officers?
The filing indicates the departure of directors or certain officers, the election of directors, and the appointment of certain officers, but the specific names and details are not provided in this excerpt.
What compensatory arrangements are being reported?
The filing mentions compensatory arrangements of certain officers, but the specifics of these arrangements are not detailed in the provided text.
Were any matters submitted to a vote of security holders?
Yes, the filing explicitly states the 'Submission of Matters to a Vote of Security Holders' as an item of information.
What is the exact date of the earliest event reported in this 8-K?
The earliest event reported is dated May 9, 2024.
What is Lazard, Inc.'s principal executive office address?
Lazard, Inc.'s principal executive offices are located at 30 Rockefeller Plaza, New York, New York 10112.
Filing Stats: 668 words · 3 min read · ~2 pages · Grade level 11.3 · Accepted 2024-05-13 16:18:18
Key Financial Figures
- $0.01 — ich registered Common Stock, par value $0.01 per share LAZ New York Stock Exchange
Filing Documents
- laz-20240509.htm (8-K) — 41KB
- 0001628280-24-022903.txt ( ) — 162KB
- laz-20240509.xsd (EX-101.SCH) — 2KB
- laz-20240509_lab.xml (EX-101.LAB) — 21KB
- laz-20240509_pre.xml (EX-101.PRE) — 12KB
- laz-20240509_htm.xml (XML) — 3KB
02(e) Approval of Amendment to Lazard, Inc. 2018 Incentive Compensation Plan
Item 5.02(e) Approval of Amendment to Lazard, Inc. 2018 Incentive Compensation Plan. Lazard, Inc. (the "Company") held its Annual Meeting of Shareholders ( "Annual Meeting") on May 9, 2024. As further discussed below, at the Annual Meeting, the shareholders of the Company approved an amendment to the Company's 2018 Incentive Compensation Plan (the "2018 Incentive Compensation Plan Amendment"). The Company's Board of Directors had previously adopted the 2018 Incentive Compensation Plan Amendment, subject to shareholder approval. For a description of the 2018 Incentive Compensation Plan Amendment, see Lazard's Definitive Proxy Statement on Schedule 14A (File No. 001-32492), filed with the Securities and Exchange Commission on March 21, 2024 (the "Proxy Statement"). A copy of the 2018 Incentive Compensation Plan Amendment is attached as Annex B to such Proxy Statement.
07 Submission of Matters to a Vote of Security Holders
Item 5.07 Submission of Matters to a Vote of Security Holders. (a) The Company held its Annual Meeting on May 9, 2024 . (b) The Company ' s shareholders considered four proposals, each of which is described in the Company ' s Proxy Statement. The final voting results for each matter submitted to a vote of shareholders at the Annual Meeting were as follows: For Withheld Abstain Broker Non-Votes 1. Election of Directors: Ann-Kristin Achleitner 63,085,148 3,693,135 * 14,424,827 Andrew M. Alper 64,301,698 2,476,585 * 14,424,827 Stephen R. Howe Jr. 66,528,446 249,837 * 14,424,827 For Against Abstain Broker Non-Votes 2. Non-binding advisory vote regarding executive compensation 43,032,952 22,668,391 1,076,940 14,424,827 For Against Abstain Broker Non-Votes 3. Ratification of appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024 and authorization of the Company's Board of Directors, acting by its Audit Committee, to set their remuneration 80,084,089 1,084,794 34,227 __ For Withheld Abstain Broker Non-Votes 4. Approval of the 2018 Incentive Compensation Plan Amendment 40,996,568 24,679,315 1,102,400 14,424,827 * Not applicable.
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: May 13, 2024