secwatch.observer — SEC 8-K summary
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Issuer:     Lazard, Inc. (LAZ)
CIK:        0001311370
Form:       8-K
Filed at:   2024-11-25T23:59:59+00:00
Accession:  0001628280-24-049080
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lazard names Peter Orszag Chairman, Ken Jacobs Senior Chairman, Dan Schulman Lead Director
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- Peter Orszag appointed Chairman of the Board effective Jan 1, 2025; continues as CEO.
- Ken Jacobs becomes Senior Chairman, relinquishes board seat Dec 31, 2024; receives $11.1M/yr guaranteed for 2025-2026.
- Dan Schulman named Lead Independent Director succeeding Richard Parsons, who remains on board.
- Jacobs may transition to consultant from Jan 1, 2026 for one year, then at-will from Apr 1, 2027.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024049080/0001628280-24-049080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1311370/000162828024049080/laz-20241122.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-049080

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