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.”
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.