Lazard Ltd-A 2024年度报告

xANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember 31, 2024 OR (Exact name of registrant as specified in its charter)__________________________________ (I.R.S. Employer Identification No.) 30 Rockefeller PlazaNew York,NY10112(Address of principal executive offices)Registrant’s telephone number: (212)632-6000__________________________________ Securities Registered Pursuant to Section 12(b) of the Act: Securities Registered Pursuant to Section 12(g) of the Act: None Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.YesxNoo Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or forsuch shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.YesxNoo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of thischapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).YesxNoo Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See thedefinitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If the Registrant is an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.o If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error topreviously issued financial statements.o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executiveofficers during the relevant recovery period pursuant to §240.10D-1(b).o Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesoNoxThe aggregate market value of the common stock held by non-affiliates of the Registrant as of June30, 2024 was approximately $3,327,261,235.As of January31, 2025, there were112,766,091shares of the Registrant’s common stock outstanding (including22,866,869shares held by subsidiaries). DOCUMENTS INCORPORATED BY REFERENCEPortions of the Registrant’s proxy statement for its 2025 annual meeting of shareholders are incorporated by reference in this Form 10-K in response to Part III Items 10, 11, 12, 13 and 14. LAZARD, INC. INDEX Part I On January 1, 2024, we completed our conversion (the “Conversion”) from an exempted company incorporated under the laws ofBermuda named Lazard Ltd to a U.S. C-Corporation named Lazard, Inc., a company incorporated under the laws of the state of Delaware.Pursuant to the Conversion, each share of Lazard Ltd common stock was converted into one share of Lazard, Inc. common stock. This reportincludes the results of Lazard Ltd prior to the Conversion and Lazard, Inc. following the Conversion. When we use the terms “Lazard”, “we”, “us”, “our” and “the Company”, we mean (i) Lazard, Inc. and its subsidiaries following theConversion and (ii) Lazard Ltd and its subsidiaries prior to the Conversion. Lazard’s subsidiaries include Lazard Group LLC, a Delawarelimited liability company (“Lazard Group”), that is the current holding company for our businesses. Lazard’s primary operating asset is itsindirect ownership of all of the common membership interests in Lazard Group and its controlling interest in Lazard Group. All references to common stock, or shares or per share amounts, prior to the Conversion refer to Class A common stock of Lazard Ltd.Unless otherwise noted, all references to common stock, or shares or per share amounts, following the Conversion refer to common stock ofLazard, Inc. Item 1.Business Founded in 1848, Lazard is one of the world's preeminent financial advisory and asset management firms, with operations in Northand South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets andcapital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investmentsolutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Principal Business Lines We