LegalZoom names Jeffrey Stibel as CEO, lowers 2024 revenue forecast

LEGALZOOM.COM, INC.

Jeffrey Stibel appointed CEO effective July 9, 2024, replacing Dan Wernikoff who resigned from the Board.
Stibel receives 2,675,159 performance-based RSUs tied to stock price targets over a five-year period.
Q2 2024 revenue expected at $172M-$176M, Adjusted EBITDA $25M-$27M (unchanged).
Full-year 2024 revenue guidance lowered to $675M-$685M; free cash flow guidance cut to $75M-$85M.
John Murphy named Lead Independent Director; Board reduced from six to five members.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Jeffrey Stibel

Chief Executive Officer

LZ · LEGALZOOM.COM, INC.

Effective: 2024-07-09
Filed: July 10, 2024, 7:59 PM ET

appointed Jeffrey Stibel, who currently serves as Chair of the Board, to serve as Chief Executive Officer of the Company, effective July 9, 2024.

Departed

Dan Wernikoff

Chief Executive Officer

LZ · LEGALZOOM.COM, INC.

Effective: 2024-07-09
Successor: Jeffrey Stibel
Filed: July 10, 2024, 7:59 PM ET

determined to transition from Dan Wernikoff, effective July 9, 2024, and Mr. Wernikoff resigned from the Board, effective July 9, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jeffrey Stibel was appointed as Chief Executive Officer at LEGALZOOM.COM, INC..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Jeffrey Stibel, who currently serves as Chair of the Board, to serve as Chief Executive Officer of the Company, effective July 9, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Dan Wernikoff resigned as Chief Executive Officer at LEGALZOOM.COM, INC..

Action: resigned
Role: Chief Executive Officer

Exact text from the filing

determined to transition from Dan Wernikoff, effective July 9, 2024, and Mr. Wernikoff resigned from the Board, effective July 9, 2024.

View on SEC.gov

LEGALZOOM.COM, INC. filing history →

Source: SEC EDGAR

accession 0001193125-24-176824

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