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Get filing alertsLazard shareholders approve board declassification, ending staggered director terms
Filed May 22, 2026 · Period ending May 21, 2026 · ~1 min read
Key Changes
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Stockholders voted to declassify the board over three years, transitioning from staggered multi-year terms to annual director elections. Certificate amendment filed May 22, 2026 and effective immediately.
Item 5.03 verify on EDGAR → -
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Shareholders approved amendment to 2018 Incentive Compensation Plan with 61% support (48.4M for, 31.0M against), suggesting some investor concern about executive compensation changes.
Item 5.07 verify on EDGAR → -
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Board approved conforming bylaw changes effective May 22, 2026 to implement the phased declassification and govern director terms during the three-year transition period.
Item 5.03 verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · May 25, 2026 · How we verify