---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-029365"
form_type: "8-K"
ticker: "LAZ"
cik: "0001311370"
company_name: "Lazard, Inc."
filed_at: "2026-05-01T23:59:59+00:00"
generated_at: "2026-05-15T00:15:19.905303+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Lazard to acquire Campbell Lutyens for up to $660M; creates private capital advisory leader

## Summary
- Total consideration: $460M initial (mostly stock at $46.50/share), $115M deferred, plus $85M earn-out.
- Initial consideration primarily in LAZ common stock; up to 19.99% of outstanding shares issuable.
- Restricted portion of initial consideration subject to three-year lock-up; earn-out shares unrestricted.
- Termination fee of $50M payable by Lazard if CMA condition fails; closing targeted by March 31, 2027.
- Campbell Lutyens is a global private capital advisor focused on fund placement, secondary advisory and GP capital.

## SEC filing metadata
- accession: 0001628280-26-029365
- form_type: 8-K
- ticker: LAZ
- cik: 0001311370
- company_name: Lazard, Inc.
- filed_at: 2026-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.02, 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1311370/000162828026029365/0001628280-26-029365-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1311370/000162828026029365/laz-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-029365
- JSON: https://secwatch.observer/filing/0001628280-26-029365.json
- Plain text: https://secwatch.observer/filing/0001628280-26-029365.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.