Welcome to our dedicated page for Lazard SEC filings (Ticker: LAZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Trying to untangle Lazard鈥檚 dual revenue story鈥攁dvisory fees versus asset-management AUM鈥攆rom hundreds of pages of SEC text? Each 10-K, 10-Q, or 8-K can hide critical clues about banker incentive pay, restructuring pipelines, and market-moving mandates.
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Here鈥檚 what you can explore today:
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Perella Weinberg Partners (Nasdaq: PWP) filed an automatic shelf registration statement (Form S-3 ASR) that permits the company and/or unnamed selling stockholders to issue and resell an indeterminate amount of Class A common stock at future dates. Because PWP qualifies as a well-known seasoned issuer, the shelf becomes effective immediately under Rule 462(e) and allows flexible takedowns via Rule 415.
- Shares may be distributed through underwriters, dealers, agents or direct sales; exact size, price and timing will appear in later prospectus supplements.
- Company proceeds, if any, are earmarked for 鈥済eneral corporate purposes,鈥� including working capital and potential share repurchases; PWP receives no proceeds from secondary sales by stockholders.
- Capital structure (30 Jun 2025): 62.6 m Class A shares outstanding versus authorization for up to 1.5 bn; preferred stock authorization totals 100 m shares.
- The shelf enhances liquidity options but could dilute existing holders if primary shares are issued.
The document contains standard risk factors, anti-takeover provisions (classified board, super-majority removal, forum selection) and indemnification language. No new financial results or guidance are disclosed.
Lazard Group LLC has filed a preliminary 424(b)(5) prospectus supplement for an as-yet unspecified aggregate principal amount of new senior unsecured notes, fully and unconditionally guaranteed by Lazard, Inc. The notes will pay semi-annual interest beginning in 2026, mature in 20 , rank pari passu with the issuer鈥檚 existing senior unsecured debt and be structurally subordinated to subsidiary liabilities. Optional redemption is available at a make-whole premium before the Par Call Date and at par thereafter; holders receive 101% in a change-of-control event. No exchange listing is planned.
Use of proceeds: fund a cash tender offer launched 28 Jul 2025 for any and all outstanding $300 m 3.625% senior notes due 2027, repay or redeem any untendered 2027 notes, and cover related fees; any excess will support general corporate purposes. The financing is conditioned on successful placement of these new notes.
Key risks highlighted include limited covenants, structural and effective subordination, potential inability to fund a change-of-control repurchase, and absence of a trading market. The indenture permits unlimited additional indebtedness. The filing contains customary forward-looking statements and incorporation of Lazard, Inc.鈥檚 2024 Form 10-K and 2025 10-Qs.
Lazard, Inc. filed an 8-K announcing two capital-markets actions dated 28 July 2025.
- New issuance: Subsidiary Lazard Group LLC intends to sell one or more tranches of senior unsecured notes from its shelf registration (S-3 No. 333-285808). The notes will be fully and unconditionally guaranteed by Lazard, Inc.
- Tender offer: Lazard Group simultaneously launched a cash tender offer for any and all of its outstanding 3.625% senior notes due 1 Mar 2027. The offer expires 5:00 p.m. ET on 1 Aug 2025, unless extended.
- Financing condition: Completion of the tender is conditional on raising sufficient proceeds from the new note issuance to cover the purchase price and related expenses.
- Estimated accounting impact: If all 2027 notes are repurchased, the company expects a ~$1.2 million gain on debt extinguishment.
No other financial results or guidance were disclosed. The moves represent routine balance-sheet management intended to refinance existing debt and optimize capital structure.
Lazard (LAZ) Q2-25 10-Q highlights: Net revenue rose 16% YoY to $796 M on stronger Financial Advisory fees (+21% to $493 M) and modest Asset Management growth (+3% to $276 M). Operating expenses climbed 13% to $703 M, but the cost ratio improved, lifting operating income 46% to $93 M. Net income attributable to Lazard increased 11% to $55 M; diluted EPS advanced to $0.52 from $0.49.
Year-to-date (6 M): Net revenue was flat at $1.44 B, while tighter expenses trimmed the comp ratio and pushed net income up 36% to $116 M (EPS $1.08 vs $0.84).
Balance sheet & cash flow: Cash and cash equivalents fell to $978 M from $1.31 B at 12/31/24, reflecting negative operating cash flow of $168 M driven by incentive compensation payments and working-capital swings. Senior debt remained steady at $1.69 B. Shareholders鈥� equity improved 17% to $742 M due to earnings and lower treasury stock after share deliveries. Book value per share is roughly $7.57.
Key metrics: Q2 operating margin 11.7% (vs 9.3%); comp & benefits 65% of net revenue (vs 66%). Diluted share count rose 4% YoY to 104.9 M.