LegalZoom.com (LZ) Proxy filing summary

Executive summary

• Achieved $756M in revenue for 2025, up 11% year-over-year, with $492M from subscriptions (+13%).

• Net income was $15M (2% margin); Adjusted EBITDA reached $172M (23% margin); free cash flow was $148M (+48%).

• Returned ~$80M to stockholders via share repurchases and expanded share repurchase authorization by $100M in February 2026.

• Strategic focus on AI integration, higher-value subscription services, and acquisition of Formation Nation to broaden market reach.

• Board and management emphasize ongoing stockholder engagement and responsiveness to feedback.

Voting matters and shareholder proposals

• Election of one Class II director (Sivan Whiteley) for a three-year term.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2026.

• Advisory vote on executive compensation (say-on-pay).

• Board recommends voting FOR all proposals.

Board of directors and corporate governance

• Board consists of six directors, five of whom are independent; diverse in gender, race, and experience.

• Four standing committees: Audit, Compensation, Nominating, and newly established M&A Committee.

• Board-level oversight of CEO succession, ESG, cybersecurity, and AI governance.

• Annual board and committee evaluations, director stock ownership guidelines, and no poison pill.