Lazard, Inc. Form 8-K Summary
Business Context and Reporting Period
This Form 8-K Current Report, dated May 18, 2022, covers the results of Lazard Ltd.'s Annual General Meeting held on that date. The registrant is incorporated in Bermuda and trades on the New York Stock Exchange under the symbol LAZ.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on corporate governance matters and shareholder voting results.
Material Changes
There are no material financial changes reported in this filing. The primary events are the election of directors and the ratification of the independent auditor.
Shareholder Voting Results and Governance
Shareholders voted on three key matters at the Annual General Meeting:
- Election of Directors: Richard N. Haass, Jane L. Mendillo, and Richard D. Parsons were elected to the Board of Directors for a three-year term expiring in 2025.
- Executive Compensation: Shareholders approved, on a non-binding advisory basis, a resolution regarding executive compensation.
- Auditor Ratification: Shareholders ratified the appointment of Deloitte & Touche LLP as the independent registered public accounting firm for 2022.
Voting Breakdown:
| Matter | For | Against/Withheld | Abstain | Broker Non-Votes |
|---|---|---|---|---|
| Election of Richard N. Haass | 75,944,542 | 580,795 (Withheld) | N/A | 18,161,642 |
| Election of Jane L. Mendillo | 76,003,643 | 521,694 (Withheld) | N/A | 18,161,642 |
| Election of Richard D. Parsons | 70,944,863 | 5,580,474 (Withheld) | N/A | 18,161,642 |
| Executive Compensation (Say-on-Pay) | 65,243,027 | 11,148,007 | 134,303 | 18,161,642 |
| Ratification of Deloitte & Touche LLP | 91,567,163 | 3,040,487 | 79,329 | 0 |
Key Facts for Investor Verification
- Verify the tenure of the newly elected directors (Richard N. Haass, Jane L. Mendillo, Richard D. Parsons) through 2025.
- Note the significant number of broker non-votes (18,161,642) across all proposals, indicating shares held in street name where brokers did not have discretionary voting authority.
- Observe that while the Say-on-Pay vote passed, approximately 14.5% of votes cast were against the proposal.
- Confirm that Deloitte & Touche LLP is the appointed auditor for the 2022 fiscal year.