LegalZoom.com, Inc. files Definitive Proxy Statement (DEF 14A)

Ticker: LZ · Form: DEF 14A · Filed: Apr 24, 2024 · CIK: 1286139

Legalzoom.Com, Inc. DEF 14A Filing Summary
FieldDetail
CompanyLegalzoom.Com, Inc. (LZ)
Form TypeDEF 14A
Filed DateApr 24, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$661 m, $413 m, $14 m, $119 m, $226 m
Sentimentneutral

Sentiment: neutral

Topics: Proxy Statement, DEF 14A, LegalZoom, Shareholder Meeting, Executive Compensation

TL;DR

<b>LegalZoom.com, Inc. has filed its Definitive Proxy Statement (DEF 14A) for the period ending June 6, 2024.</b>

AI Summary

LEGALZOOM.COM, INC. (LZ) filed a Proxy Statement (DEF 14A) with the SEC on April 24, 2024. LegalZoom.com, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 24, 2024. The filing covers the period ending June 6, 2024. The company's principal executive offices are located at 954 Villa Street, Mountain View, CA 94041. The filing indicates no fee was required for this filing. The CEO's letter mentions that 2023 was a great year for small business formations, despite a dynamic operating environment.

Why It Matters

For investors and stakeholders tracking LEGALZOOM.COM, INC., this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it outlines important information regarding the upcoming annual meeting, including proposals to be voted on, executive compensation details, and director nominations. The CEO's commentary on the dynamic environment for small businesses, despite strong formation numbers in 2023, suggests potential headwinds or opportunities that shareholders should consider when evaluating the company's future prospects.

Risk Assessment

Risk Level: low — LEGALZOOM.COM, INC. shows low risk based on this filing. The filing is a standard DEF 14A, which is routine for public companies and does not contain immediate financial or operational disclosures that would indicate high risk.

Analyst Insight

Shareholders should review the proxy statement to understand voting matters and executive compensation before the annual meeting.

Key Numbers

  • 2023 — Fiscal Year (CEO's letter mentions 2023 performance)
  • DEF 14A — Form Type (Filing Type)

Key Players & Entities

  • LegalZoom.com, Inc. (company) — Registrant
  • 954 Villa Street, Mountain View, CA 94041 (address) — Business Address
  • 2024-04-24 (date) — Filing Date
  • 2024-06-06 (date) — Reporting Period End Date

FAQ

When did LEGALZOOM.COM, INC. file this DEF 14A?

LEGALZOOM.COM, INC. filed this Proxy Statement (DEF 14A) with the SEC on April 24, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by LEGALZOOM.COM, INC. (LZ).

Where can I read the original DEF 14A filing from LEGALZOOM.COM, INC.?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by LEGALZOOM.COM, INC..

What are the key takeaways from LEGALZOOM.COM, INC.'s DEF 14A?

LEGALZOOM.COM, INC. filed this DEF 14A on April 24, 2024. Key takeaways: LegalZoom.com, Inc. filed a Definitive Proxy Statement (DEF 14A) on April 24, 2024.. The filing covers the period ending June 6, 2024.. The company's principal executive offices are located at 954 Villa Street, Mountain View, CA 94041..

Is LEGALZOOM.COM, INC. a risky investment based on this filing?

Based on this DEF 14A, LEGALZOOM.COM, INC. presents a relatively low-risk profile. The filing is a standard DEF 14A, which is routine for public companies and does not contain immediate financial or operational disclosures that would indicate high risk.

What should investors do after reading LEGALZOOM.COM, INC.'s DEF 14A?

Shareholders should review the proxy statement to understand voting matters and executive compensation before the annual meeting. The overall sentiment from this filing is neutral.

How does LEGALZOOM.COM, INC. compare to its industry peers?

The filing pertains to LegalZoom.com, Inc., a company operating in the legal services technology sector, providing online services for business formation and compliance.

Are there regulatory concerns for LEGALZOOM.COM, INC.?

This filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

Industry Context

The filing pertains to LegalZoom.com, Inc., a company operating in the legal services technology sector, providing online services for business formation and compliance.

Regulatory Implications

This filing is made under the Securities Exchange Act of 1934, specifically Section 14(a), which governs the solicitation of proxies.

What Investors Should Do

  1. Review all proposals and director nominations presented in the proxy statement.
  2. Understand the executive compensation details and rationale provided.
  3. Vote your shares according to your best interests before the shareholder meeting.

Key Dates

  • 2024-04-24: Filing Date — Definitive Proxy Statement filed

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard proxy statement. No comparative data from a previous filing is immediately apparent in this excerpt.

Filing Stats: 4,505 words · 18 min read · ~15 pages · Grade level 12.3 · Accepted 2024-04-24 16:15:20

Key Financial Figures

  • $661 m — r the full-year, we achieved revenue of $661 million, a 7% increase year-over-year. As
  • $413 m — ft, we saw subscription revenue grow to $413 million, which represents growth of 15% y
  • $14 m — ar-over-year. We recorded net income of $14 million, or 2% of revenue, up 129% year-o
  • $119 m — year Adjusted EBITDA 2 increased 86% to $119 million, reaching an 18% margin. We exite
  • $226 m — ted 2023 with a strong cash position of $226 million, enabling us to both reinvest in

Filing Documents

Forward-Looking Statements and Website References

Forward-Looking Statements and Website References ii Proxy Statement Summary 1 Proposal 1 — Election of Directors 3 Our Corporate Governance 9 Committees of the Board of Directors 9 Director Attendance 11 Board Leadership Structure 11 Director Nomination Process 11 Director Nomination Rights 12 Nasdaq Board Diversity Matrix 12 Risk Oversight 13 Annual Board & Committee Evaluations 14 Executive Sessions 14 Code of Business Conduct and Ethics 14 Corporate Governance Guidelines 14 Overboarding Policy 14 Anti-Hedging and Pledging Policy 14 Compensation Committee Interlocks and Insider Participation 14 Communications with Directors 14 Mission Statement & Operating Values 15 Social Impact & Human Capital Management 16 Director Compensation 18 Executive Officers 21 Compensation Discussion & Analysis 22

Executive Compensation Tables

Executive Compensation Tables 32 CEO Pay Ratio 40 Pay-Versus-Performance 41 Equity Compensation Plan Information 44 Proposal 2 — Ratification of Appointment of Independent Registered Public Accounting Firm 45 Audit Committee Report 46 Proposal 3 — Advisory Vote on Named Executive Officer Compensation 47 Certain Relationships and Related Party Transactions 48 Beneficial Ownership of Securities 49 Questions & Answers About the Annual Meeting 51 Virtual Annual Meeting 54 Submission of Stockholder Proposals and Nominations of Directors and Other Business 55 Important Additional Information 56 Appendix A – Non-GAAP Reconciliations A-1 i Table of Contents

Forward-Looking Statements

Forward-Looking Statements This Proxy Statement contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this Proxy Statement may be forward-looking statements. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions. The forward-looking statements in this Proxy Statement are only predictions. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to the factors discussed in the section titled "Risk Factors" included in our Annual Report on Form 10-K for the year ended December 31, 2023, as well as those factors contained in our subsequent filings with the Securities and Exchange Commission. The forward-looking statements in this Proxy Statement are based upon information available to us as of the date of this Proxy Statement, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate th

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