LegalZoom Announces CLO Departure, New Appointment, CEO Agreement
Ticker: LZ · Form: 8-K · Filed: Aug 13, 2024 · CIK: 1286139
| Field | Detail |
|---|---|
| Company | Legalzoom.Com, Inc. (LZ) |
| Form Type | 8-K |
| Filed Date | Aug 13, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1.0 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: executive-changes, legal, employment-agreement
TL;DR
LegalZoom's CLO is out, a new one is in, and the CEO's contract is set.
AI Summary
LegalZoom.com, Inc. announced on August 9, 2024, the departure of its Chief Legal Officer, Kevin J. Johnson. The company also announced the appointment of Emily R. Smith as the new Chief Legal Officer, effective August 12, 2024. Additionally, the company disclosed its entry into a new employment agreement with its Chief Executive Officer, Thomas J. Langan Jr.
Why It Matters
This filing indicates a significant change in LegalZoom's legal leadership and confirms executive compensation arrangements, which can impact investor confidence and operational continuity.
Risk Assessment
Risk Level: medium — Changes in key executive positions and new employment agreements can introduce uncertainty regarding future strategy and leadership stability.
Key Players & Entities
- LegalZoom.com, Inc. (company) — Registrant
- Kevin J. Johnson (person) — Departing Chief Legal Officer
- Emily R. Smith (person) — Appointed Chief Legal Officer
- Thomas J. Langan Jr. (person) — Chief Executive Officer
- August 9, 2024 (date) — Date of earliest event reported
- August 12, 2024 (date) — Effective date for new Chief Legal Officer
FAQ
Who is the new Chief Legal Officer at LegalZoom?
Emily R. Smith has been appointed as the new Chief Legal Officer, effective August 12, 2024.
When did Kevin J. Johnson depart from LegalZoom?
The filing reports the departure of Kevin J. Johnson as Chief Legal Officer as of August 9, 2024.
Is there any information regarding the CEO's employment agreement?
Yes, the company disclosed its entry into a new employment agreement with its Chief Executive Officer, Thomas J. Langan Jr.
What is LegalZoom's principal executive office address?
LegalZoom's principal executive offices are located at 954 Villa Street, Mountain View, California 94041.
What is the filing date for this 8-K report?
This 8-K report was filed as of August 13, 2024.
Filing Stats: 848 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2024-08-13 16:12:49
Key Financial Figures
- $0.001 — ch registered Common Stock, par value $0.001 per share LZ The Nasdaq Global Select M
- $1.0 million — t to Mr. Watson equity awards valued at $1.0 million in a combination of time-based restrict
Filing Documents
- lz-20240809.htm (8-K) — 27KB
- 0001286139-24-000096.txt ( ) — 147KB
- lz-20240809.xsd (EX-101.SCH) — 2KB
- lz-20240809_lab.xml (EX-101.LAB) — 21KB
- lz-20240809_pre.xml (EX-101.PRE) — 12KB
- lz-20240809_htm.xml (XML) — 3KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. Also on August 9, 2024, Aaron Stibel was appointed as the Company's new Chief Revenue Officer, effective August 13, 2024. Aaron Stibel will report into Noel Watson. 2
SIGNATURES
SIGNATURES 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 thereunto duly authorized. LegalZoom.com, Inc. Date: August 13, 2024 By: /s/ Nicole Miller Nicole Miller Chief Legal Officer and Secretary 3