secwatch.observer — SEC 8-K summary
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Issuer:     LEGALZOOM.COM, INC. (LZ)
CIK:        0001286139
Form:       8-K/A
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001286139-23-000019
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud@v2

LegalZoom restates Q1-Q3 2022 financials due to tax error; net loss adjustments up to $5.3M
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- Error in Section 162(m) executive comp deduction caused understated deferred tax assets and overstated income tax provision.
- Q1 2022 net loss overstated by $4.9M; Q2 2022 six-month net loss overstated by $5.3M.
- Q3 2022 three-month net loss understated by $1.8M; nine-month net loss overstated by $3.4M.
- New material weakness identified in controls over income tax provision; aggregates with prior weaknesses.
- Restatement does not affect full-year 2022 results; restated figures to be included in 2022 10-K.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1286139/000128613923000019/0001286139-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1286139/000128613923000019/lz-20230216.htm
  HTML page:      https://secwatch.observer/filing/0001286139-23-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer