{"url_path":"/sec/laz/8-k/2026-07-07/item-5-02","section_key":"item-5-02","section_title":"Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-07","source_url":"https://www.sec.gov/Archives/edgar/data/1311370/0001628280-26-047432-index.html","accession_number":"0001628280-26-047432","cik":"0001311370","ticker":"LAZ","issuer_name":"Lazard, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1311370/0001628280-26-047432-index.html","primary_entity_key":"0001311370","primary_entity_name":"Lazard, Inc."},"word_count":293,"has_tables":true,"body_markdown":"Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.\n\nRetirement of Andrew M. Alper from the Board of Directors\n\nOn July 7, 2026, Andrew M. Alper, a member of the Board of Directors (the “Board”), Chair of the Compensation Committee of the Board (the “Compensation Committee”) and a member of the Audit Committee of the Board, notified Lazard, Inc. (the “Company”) of his decision to retire from the Board, including all committees on which he serves, effective today. Mr. Alper’s decision to retire from the Board was not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.\n\nAppointment of Kathy Elsesser to the Board of Directors and as a member of the Compensation Committee of the Board of Directors\n\nOn July 2, 2026, the Board elected Kathy Elsesser to join the Board, effective July 7, 2026. Ms. Elsesser was appointed to serve on the Compensation Committee, also effective July 7, 2026, and will serve as Chair of the Compensation Committee upon Mr. Alper’s retirement from the Board. Ms. Elsesser will receive compensation pursuant to the Company’s directors’ compensation program for non-employee directors, the terms of which are described in Item 1 of the Company’s definitive proxy statement on Schedule 14A filed on April 7, 2026 and are incorporated herein by reference.\n\nThere are no arrangements or understandings with any person pursuant to which Ms. Elsesser was appointed to serve as a director of the Company. Ms. Elsesser has no family relationship with any director or executive officer of the Company, and has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K."}