Lazard, Inc.: Amendment to Certificate of Incorporation to declassify the Board of Directors over a three-year period (effective 2026-05-22).
“On May 21, 2026, Lazard, Inc. (the “Company”) held its Annual Meeting of Shareholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders, upon the recommendation of the Company’s board of directors (the “Board”), approved an amendment to the Company’s Certificate of Incorporation (the “Certificate of Amendment”) to provide for the declassification of the Board over a three-year period (the “Declassification Amendment”), as set forth in the Company’s Definitive Proxy Statement on Schedule 14A (File No. 001-32492), filed with the Securities and Exchange Commission on April 7, 2026 (the “Proxy Statement”). Following stockholder approval of the Declassification Amendment, the Company filed the Certificate of Amendment with the Secretary of State of the State of Delaware on May 22, 2026, whereupon the Certificate of Amendment became effective.”
Earnings Releases
Lazard, Inc. reported first quarter ended March 31, 2026 results: revenue $757 million, net income $101 million, EPS $0.91 per share, diluted.
“Lazard, Inc. (NYSE: LAZ) today reported net revenue of $757 million and adjusted net revenue 1 of $673 million for the quarter ended March 31, 2026. On a U.S. GAAP basis, Lazard reported first-quarter 2026 net income of $101 million or $0.91 per share, diluted.”
Debt Financings
Lazard, Inc. incurred senior notes of $300,000,000 at 5.625% maturing August 1, 2035.
“completed its previously announced offering of an aggregate principal amount of $300,000,000 of Lazard Group’s 5.625% Senior Notes due 2035”
Peter Harrison was elected as Director at Lazard, Inc..
“the Board elected Peter Harrison to join the Board, effective immediately.”
Dan Schulman was appointed as Lead Independent Director at Lazard, Inc..
“the Company’s independent directors appointed Mr. Dan Schulman to succeed Mr. Richard D. Parsons, who remains on the Board, as Lead Independent Director of the Company, effective January 1, 2025.”
Kenneth M. Jacobs was appointed as Senior Chairman of the Company at Lazard, Inc..
“Mr. Kenneth M. Jacobs will relinquish his board seat and serve as Senior Chairman of the Company and Senior Advisor to the Board (collectively, “Senior Chairman of the Company”), effective December 31, 2024.”
Peter R. Orszag was appointed as Chairman of the Board at Lazard, Inc..
“On November 25, 2024, Lazard, Inc. (the “Company”) announced that Mr. Peter R. Orszag has been appointed Chairman of the Board of Directors (“Board”) of the Company, effective January 1, 2025.”
Shareholder Votes
Lazard, Inc. shareholders approved Approval of the 2018 Incentive Compensation Plan Amendment at the 2024-05-09 meeting.
“Approval of the 2018 Incentive Compensation Plan Amendment 40,996,568 24,679,315 1,102,400 14,424,827”
Shareholder Votes
Lazard, Inc. shareholders approved Ratification of appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024 and authorization of the Company’s Board of Directors, acting by its Audit Committee, to set their remuneration at the 2024-05-09 meeting.
“Ratification of appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2024 and authorization of the Company’s Board of Directors, acting by its Audit Committee, to set their remuneration 80,084,089 1,084,794 34,227”
Shareholder Votes
Lazard, Inc. shareholders approved Non-binding advisory vote regarding executive compensation at the 2024-05-09 meeting.
Lazard, Inc. shareholders approved Election of Directors at the 2024-05-09 meeting.
“Election of Directors: Ann-Kristin Achleitner 63,085,148 3,693,135 * 14,424,827 Andrew M. Alper 64,301,698 2,476,585 * 14,424,827 Stephen R. Howe Jr. 66,528,446 249,837 * 14,424,827”
Earnings Releases
Lazard, Inc. reported first quarter ended March 31, 2024 results: revenue net revenue of $765 million and adjusted net revenue 1 of $747 million, net income net income was $36 million or $0.35 per share, diluted. Adjusted net income 2 was $67 million, or $0.66 per share, dilut.
“Advisory adjusted net revenue • Asset Management quarter end AUM increased 8% year-over-year NEW YORK, April 25, 2024 – Lazard, Inc. (NYSE: LAZ) today reported net revenue of $765 million and adjusted net revenue 1 of $747 million for the quarter ended March 31, 2024. On a U.S. GAAP basis, first-quarter 2024 net income was $36 million or $0.35 per share, diluted.”
Debt Financings
Lazard, Inc. incurred senior notes of $400,000,000 with Citigroup Global Markets Inc. (representative of several underwriters) at 6.000% per year maturing March 15, 2031.
“On March 12, 2024, Lazard Group LLC (“Lazard Group”), a subsidiary of Lazard, Inc., completed its previously announced offering of an aggregate principal amount of $400,000,000 of Lazard Group’s 6.000% Senior Notes due 2031 (the “Notes”) in a registered public offering pursuant to Lazard Group’s shelf registration statement on Form S-3 (Registration No. 333-263578).”
Material Agreements
Lazard, Inc. entered into Underwriting Agreement with Citigroup Global Markets Inc., as representative of the several underwriters (effective 2024-03-06).
“On March 6, 2024, Lazard Group entered into an underwriting agreement (the “Underwriting Agreement”) with Citigroup Global Markets Inc., as representative of the several underwriters listed on Schedule I thereto (collectively, the “Underwriters”), pursuant to which Lazard Group agreed to sell and the Underwriters agreed to purchase, subject to and upon terms and conditions set forth therein, the Notes.”
Material Agreements
Lazard, Inc. entered into Tenth Supplemental Indenture with The Bank of New York Mellon valued at $400,000,000 (effective 2024-03-12).
“On March 12, 2024, Lazard Group LLC (“Lazard Group”), a subsidiary of Lazard, Inc., completed its previously announced offering of an aggregate principal amount of $400,000,000 of Lazard Group’s 6.000% Senior Notes due 2031 (the “Notes”) in a registered public offering pursuant to Lazard Group’s shelf registration statement on Form S-3 (Registration No. 333-263578).”
Earnings Releases
Lazard, Inc. reported financial results for full year 2023 and fourth quarter ended December 31, 2023.
“On February 1, 2024, Lazard, Inc. (the “Company”) issued a press release announcing financial results for its full year 2023 and fourth quarter ended December 31, 2023.”
Stephen R. Howe Jr. was elected as Director at Lazard, Inc..
“the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.”
Dan Schulman was elected as Director at Lazard, Inc..
“the Board elected Dan Schulman and Stephen R. Howe Jr. to join the Board, effective February 1, 2024.”
Governance Changes
Lazard, Inc.: Adopted new certificate of incorporation and bylaws in connection with redomestication from Bermuda to Delaware (effective 2024-01-01).
“The information included in Item 3.03 above is hereby incorporated by reference into this Item 5.03. The new certificate of incorporation and bylaws were effective as of January 1, 2024.”
Earnings Releases
Lazard, Inc. reported first nine months of 2023 results: revenue $1,679 million, net income $10 million, EPS $0.10 per share, diluted.
“5 of this release. A reconciliation of adjusted GAAP to U.S. GAAP is on pages 13-14. 1 OPERATING REVENUE Operating revenue was $532 million for the third quarter of 2023, and $1,679 million for the first nine months of 2023, 27% and 20% lower, respectively, from the comparable 2022 periods. Financial Advisory For the third quarter of 2023, Financial Advisory”
Earnings Releases
Lazard, Inc. reported third quarter ended September 30, 2023 results: revenue $532 million, net income $10 million, EPS $0.10 per share, diluted.
“Lazard Ltd (NYSE: LAZ) today reported operating revenue 1 of $532 million for the quarter ended September 30, 2023. Net income, as adjusted 2 , was $10 million, or $0.10 per share, diluted, for the quarter.”
Michael Gathy was appointed as Chief Accounting Officer at Lazard, Inc..
“On October 9, 2023, Lazard Ltd (the “ Company ”) announced the appointment of Michael Gathy, 42, as Chief Accounting Officer of the Company and Lazard Group LLC (“ Group ”), effective immediately.”
Alexandra Soto was appointed as Chief Operating Officer at Lazard, Inc..
“On September 14, 2023, Lazard Ltd (the “ Company ”) announced the appointment of Alexandra Soto, 54, as Chief Operating Officer of the Company and Lazard Group LLC, effective immediately.”
Material Agreements
Lazard, Inc. terminated Existing Credit Agreement with lenders party thereto and Citibank, N.A. (effective 2023-06-06).
“Concurrently with the effectiveness of the Second Amended and Restated Credit Agreement, the commitments under the Existing Credit Agreement were terminated.”
Material Agreements
Lazard, Inc. entered into Second Amended and Restated Credit Agreement with Citibank, N.A. as administrative agent and the lenders valued at $200 million senior revolving credit facility (effective 2023-06-06).
“On June 6, 2023, Lazard Group LLC (“Lazard Group”) entered into an Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”) among Lazard Group, the lenders party thereto and Citibank, N.A., as administrative agent (the “Administrative Agent”), to replace Lazard Group’s existing credit facility with a new five-year $200 million senior revolving credit facility.”
Dominick Ragone departed as Chief Accounting Officer at Lazard, Inc..
“Ms. Betsch replaces Dominick Ragone, who ceased to be Ltd’s and Lazard Group’s Chief Accounting Officer on May 31, 2023.”
Mary Ann Betsch changed role as principal accounting officer at Lazard, Inc..
“On May 31, 2023, Mary Ann Betsch, the Chief Financial Officer of Lazard Ltd (“Ltd”) and Lazard Group, assumed the responsibilities of principal accounting officer of Ltd and Lazard Group.”
Kenneth M. Jacobs was appointed as Executive Chairman of the Board of Directors at Lazard, Inc..
“Mr. Jacobs will cease to serve as Chief Executive Officer of the Company and Lazard Group as of the Transition Date and has been appointed Executive Chairman of the Board of Directors of the Company, effective as of the Transition Date.”
Shareholder Votes
Lazard, Inc. shareholders approved Ratification of appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2023 and authorization of the Company's Board of Directors, acting by its Audit Committee, to set their remuneration at the 2023-04-27 meeting.
“Ratification of appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2022 and authorization of the Company's Board of Directors, acting by its Audit Committee, to set their remuneration 78,981,600 1,577,349 96,711 —”
Shareholder Votes
Lazard, Inc. shareholders approved Non-binding advisory vote regarding the frequency of the advisory vote on executive compensation at the 2023-04-27 meeting.
“Non-binding advisory vote regarding the frequency of the advisory vote on executive compensation 59,326,282 54,688 3,418,360 55,792 17,800,538”
Shareholder Votes
Lazard, Inc. shareholders approved Non-binding advisory vote regarding executive compensation at the 2023-04-27 meeting.
Lazard, Inc. reported the quarter ended March 31, 2023 results: revenue $527 million, net income $22 million, EPS $0.27 per share, diluted.
“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.”
William M. Lewis, Jr. resigned as Director at Lazard, Inc..
“On March 13, 2023, William M. Lewis, Jr. notified Lazard Ltd (the “Company”) of his resignation from the Company’s Board of Directors, effective immediately.”
Earnings Releases
Lazard, Inc. reported financial results for the full year 2022 and fourth quarter ended December 31, 2022.
“On February 2, 2023, Lazard Ltd (the “Company”) issued a press release announcing financial results for its s full year 2022 and fourth quarter ended December 31, 2022.”
Earnings Releases
Lazard, Inc. reported financial results for third quarter ended September 30, 2022.
“On October 27, 2022, Lazard Ltd (the “Company”) issued a press release announcing financial results for its third quarter ended September 30, 2022.”
Mary Ann Betsch was appointed as Chief Financial Officer at Lazard, Inc..
“On July 28, 2022, the Company announced that its Board of Directors appointed Mary Ann Betsch, age 43, as Chief Financial Officer and a Managing Director of the Company and Lazard Group LLC (“Group”), effective October 3, 2022.”
Evan L. Russo was appointed as Chief Executive Officer of Lazard Asset Management at Lazard, Inc..
“Mr. Russo’s extended retention agreement provides that he will become Chief Executive Officer of the Firm’s Asset Management business, including Chief Executive Officer of Lazard Asset Management LLC (“ LAM ”), no later than June 1, 2022.”
William M. Lewis, Jr. retired as Managing Director at Lazard, Inc..
“Following Mr. Lewis’s retirement from the Company on November 12, 2021”
William M. Lewis, Jr. was elected as Director at Lazard, Inc..
“On October 10, 2021, the Board of Directors (the “Board”) of Lazard Ltd (the “Company”) elected William M. Lewis, Jr. to join the Board, effective April 29, 2022.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.