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Close of Nov 06, 2026 · end-of-day data
LAZ 8-K filings in 2025
Every material Form 8-K Lazard filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Lazard reported third-quarter 2025 results, with GAAP net revenue of $748 million, down 5% from a year earlier, and adjusted net revenue of $725 million, up 12%. GAAP diluted EPS was $0.65, down 36%, while adjusted diluted EPS was $0.56, up 47%, so the headline measures point in different directions depending on the basis used.
GAAP net income was $71 million, or $0.65 per diluted share, versus $108 million, or $1.02, in Q3 2024.
Adjusted diluted EPS was $0.56, versus $0.38 in Q3 2024; Financial Advisory adjusted net revenue rose 14% to $422 million.
Adjusted compensation ratio was 65.5% versus 66.0% a year earlier; the company declared a $0.50 quarterly dividend payable November 14, 2025.
Lazard, Inc. said Christopher Hogbin, formerly Global Head of Investments at AllianceBernstein, will become CEO of Lazard Asset Management, succeeding Evan Russo, who moves to a Senior Advisor role to the Chief Executive Officer until June 30, 2026. The filing describes a leadership change in one business line, with no financial results or guidance included.
Evan Russo's CEO role ends on or around December 1, 2025, and no later than December 31, 2025; his service ends June 30, 2026.
Christopher Hogbin's start date is to be mutually agreed, but no later than January 30, 2026; the press release says effective December 2025.
Russo's transition agreement is dated September 7, 2025; Hogbin's offer letter is dated September 3, 2025.
Russo will keep his base salary and equity award vesting during the advisory period, and his severance is calculated as if he left December 31, 2025.
Lazard, Inc. said its board elected Dmitry Shevelenko, Chief Business Officer of AI company Perplexity, as a director effective September 2, 2025. He has not yet been named to any board committee, and the filing says he will receive standard non-employee director compensation.
Board elected Dmitry Shevelenko on August 28, 2025; he joins effective September 2, 2025
Shevelenko is Chief Business Officer of Perplexity and previously held senior roles at Uber, LinkedIn, and Meta
He has no committee assignments yet; CEO and Chairman Peter R. Orszag said his AI experience will support the firm's tech-enabled strategy
Lazard Group LLC, a subsidiary of Lazard, Inc., completed a $300 million offering of 5.625% senior notes due August 1, 2035, guaranteed by Lazard, Inc. The company said it will use the net proceeds to repurchase its 3.625% notes due 2027 through a cash tender offer, with the remainder for general corporate purposes. The filing adds $300 million of long-term debt, while the 2027 notes are being refinanced.
$300 million aggregate principal of 5.625% senior notes due August 1, 2035, with interest payable February 1 and August 1 starting February 1, 2026
Tender offer for 3.625% notes due March 1, 2027 set total consideration of $991.89 per $1,000 principal amount, plus accrued interest
Tender offer expired at 5:00 p.m. New York City time on August 1, 2025; the filing does not state how much principal was tendered
Notes are senior unsecured obligations of Lazard Group, rank equally with its other senior unsecured debt, and are guaranteed by Lazard, Inc.
Lazard reported second-quarter 2025 results on July 24, 2025. GAAP net revenue rose 16% to $796 million and GAAP diluted EPS rose 6% to $0.52, with Financial Advisory driving most of the growth. Adjusted diluted EPS was flat at $0.52, and average AUM fell 3% year over year to $239 billion, so shareholders saw higher revenue but little change in adjusted per-share profit.
GAAP net revenue was $796 million, up 16% from $685 million in Q2 2024; adjusted net revenue was $770 million, up 12%.
Net income attributable to Lazard was $55 million, or $0.52 per diluted share, compared with $0.49 a year earlier; adjusted diluted EPS was flat at $0.52.
Financial Advisory net revenue was $497 million, up 21%; Asset Management net revenue was $292 million, up 2%.
The board declared a quarterly dividend of $0.50 per share on July 23, 2025, payable August 15, 2025, to holders of record on August 4, 2025.
Lazard reported first-quarter 2025 results on April 25, 2025. U.S. GAAP net revenue fell 15% from a year earlier to $648 million, while GAAP net income rose 69% to $60 million, or $0.56 per diluted share. On an adjusted basis, diluted EPS fell 15% to $0.56 from $0.66, and the company declared a $0.50 quarterly dividend.
Net revenue of $648 million was down 15% from $765 million; adjusted net revenue of $643 million was down 14%.
U.S. GAAP net income of $60 million, or $0.56 per diluted share, compared with $36 million, or $0.35, a year earlier; adjusted diluted EPS was $0.56 versus $0.66.
Ending assets under management were $227 billion at March 31, 2025, down 9% from $250 billion a year earlier.
Quarterly dividend of $0.50 per share, payable May 16, 2025, to holders of record on May 5, 2025.
Lazard, Inc. elected Peter Harrison to its Board of Directors effective March 3, 2025, and he will serve on the Audit and Workplace and Culture Committees. Harrison previously served as Group CEO of Schroders plc from 2016 until his retirement in 2024, and the company says his asset management experience will support its strategy to strengthen that business.
Peter Harrison joined the Board effective March 3, 2025.
He will serve on the Audit and Workplace and Culture Committees.
Harrison was Group CEO of Schroders plc from 2016 until retiring in 2024; the filing says Schroders' assets under management more than doubled to over £750 billion under his leadership.
He will receive compensation under the company's independent directors' program, described in its March 21, 2024 proxy statement.
Lazard reported full-year 2024 U.S. GAAP net revenue of $3,052 million, up 21% from 2023, and net income of $280 million, or $2.68 per diluted share, compared with a 2023 loss of $0.90 per share. Fourth-quarter 2024 net revenue was $817 million, up 1%, and fourth-quarter diluted EPS was $0.80, up 23%. The company also declared a $0.50 quarterly dividend and said it may accelerate some employee deferred incentive award vesting into February 2025.
Full-year 2024 Financial Advisory net revenue was $1,756 million, up 27%; Asset Management net revenue was $1,187 million, up 3%.
Full-year 2024 adjusted diluted EPS was $2.34, compared with $0.77 in 2023; fourth-quarter adjusted diluted EPS was $0.78, compared with $0.66.
Lazard declared a quarterly dividend of $0.50 per share on January 29, 2025, payable February 21, 2025, to holders of record on February 10, 2025.
Ending AUM was $226 billion at December 31, 2024, down 8% from December 31, 2023.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Lazard filing is on SEC EDGAR ↗. 8-K briefs of other companies →