{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-013734","form_type":"8-K","ticker":"LAZ","cik":"0001311370","company_name":"Lazard, Inc.","filed_at":"2023-04-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.339729+00:00","generated_at":"2026-06-16T06:17:36.856190+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Lazard Q1 2023: operating revenue $527M (-25% YoY), net loss $0.27/sh","bullets":["GAAP net loss $22M ($0.27 diluted EPS) vs. profit $114M ($1.05) in Q1 2022.","Operating revenue $527M, down 25% YoY; Financial Advisory -29%, Asset Management -15%.","Cost-saving initiatives cutting ~10% of workforce; $21M charge in Q1, ~$95M more expected.","AUM $232B, up 7% from Dec 31, 2022; net inflows $3.0B including $3.9B from wealth mgmt acquisition.","Quarterly dividend $0.50/sh declared; $187M returned to shareholders in Q1 including $99M buybacks."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-013734","json":"https://secwatch.observer/filing/0001628280-23-013734.json","markdown":"https://secwatch.observer/filing/0001628280-23-013734.md","text":"https://secwatch.observer/filing/0001628280-23-013734.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1311370/000162828023013734/0001628280-23-013734-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1311370/000162828023013734/laz-20230428.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T06:17:36.856190+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d20b2bc35cae13b1946be8bbd02967ec80356bc6","claim":"Lazard, Inc. reported the quarter ended March 31, 2023 results: revenue $527 million, net income $22 million, EPS $0.27 per share, diluted.","evidence_excerpt":"Lazard Ltd (NYSE: LAZ) today reported operating revenue 1 of $527 million for the quarter ended March 31, 2023. Net loss, as adjusted 2 , was $23 million, or $0.26 per share, diluted, for the quarter. First-quarter 2023 net loss on a U.S. GAAP basis was $22 million, or $0.27 per share, diluted.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1311370/000162828023013734/0001628280-23-013734-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$527 million"},{"label":"Net income","value":"$22 million"},{"label":"EPS","value":"$0.27 per share, diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}