As filed with the Securities and Exchange Commission on May 6, 2005
Registration No. 333-123463
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM S-1
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
LAZARD LTD
LAZARD GROUP FINANCE LLC
(Exact name of registrant as specified in its charter)
| Bermuda | 6199 | 98-0437848 | ||
| Delaware | 6199 | 20-2281724 | ||
| (State or other jurisdiction of incorporation or organization) |
(Primary Standard Industrial Classification Code Number) |
(I.R.S. Employer Identification Number) |
| Lazard Ltd Clarendon House 2 Church Street Hamilton HM 11, Bermuda (441) 295-1422 |
Lazard Group Finance LLC 30 Rockefeller Plaza New York, New York 10020 (212) 632-6000 |
(Name, address, including zip code, and telephone number, including area code, of Registrant’s principal executive offices)
Scott D. Hoffman, Esq.
Lazard Ltd
Lazard Group Finance LLC
30 Rockefeller Plaza
New York, New York 10020
(212) 632-6000
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
| Adam D. Chinn, Esq. Craig M. Wasserman, Esq. Gavin D. Solotar, Esq. Wachtell, Lipton, Rosen & Katz 51 West 52nd Street New York, New York 10019 (212) 403-1000 |
Kris F. Heinzelman, Esq. Erik R. Tavzel, Esq. Cravath, Swaine & Moore LLP Worldwide Plaza 825 Eighth Avenue New York, New York 10019 (212) 474-1000 |
Approximate date of commencement of proposed sale to the public: May 10, 2005
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, please check the following box. ¨
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ¨
If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier registration statement for the same offering. x 333-123463
If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box. ¨
EXPLANATORY NOTE
This Post-Effective Amendment No. 1 to the Registration Statement on Form S-1 (No. 333-123463) is being filed solely to include an additional Exhibit 25.1 and to incorporate by reference a revised Exhibit 10.25.
This Post-Effective Amendment shall become effective in accordance with the provisions of Rule 462 of the Securities Act of 1933, as amended.
PART II INFORMATION NOT REQUIRED IN PROSPECTUS
Item 16. Exhibits and Financial Statement Schedules
| Exhibit Number |
Exhibit Title | |
| 1.1 | Form of Underwriting Agreement relating to the equity public offering of Lazard Ltd.† | |
| 1.2 | Form of Underwriting Agreement relating to the equity security units offering of Lazard Ltd and Lazard Group Finance LLC.* | |
| 2.1 | Form of Master Separation Agreement.††† | |
| 2.2 | Class B-1 and Class C Members Transaction Agreement.** | |
| 3.1 | Certificate of Incorporation and Memorandum of Association of Lazard Ltd.**** | |
| 3.2 | Certificate of Incorporation in Change of Name of Lazard Ltd.**** | |
| 3.3 | Form of Amended and Restated Bye-laws of Lazard Ltd.† | |
| 3.4 | Certificate of Formation of Lazard Group Finance LLC.* | |
| 3.5 | Form of Lazard Group Finance LLC Operating Agreement.* | |
| 4.1 | Form of Specimen Certificate for Class A common stock.† | |
| 4.2 | Form of Indenture of Lazard Group Finance LLC.* | |
| 4.3 | Form of First Supplemental Indenture to the Indenture relating to the Lazard Group Finance LLC senior notes.* | |
| 4.4 | Form of Second Supplemental Indenture to the Indenture relating to the Lazard Group Finance LLC senior notes.* | |
| 4.5 | Form of Purchase Contract Agreement relating to the Lazard Ltd purchase contracts, which are components of the Lazard Ltd equity security units.* | |
| 4.6 | Form of Pledge Agreement relating to the Lazard Group Finance LLC senior notes, which are components of the Lazard Ltd equity security units.* | |
| 4.7 | Form of Pledge Agreement relating to the Lazard Group notes.* | |
| 4.8 | Form of Normal Equity Security Units Certificate (included in Exhibit 4.4). | |
| 4.9 | Form of Stripped Equity Security Units Certificate (included in Exhibit 4.4). | |
| 4.10 | Form of Senior Note (included in Exhibit 4.3). | |
| 5.1 | Opinion of Conyers Dill & Pearman, Bermuda.* | |
| 5.2 | Opinion of Wachtell, Lipton, Rosen & Katz.* | |
| 8.1 | Accuracy Opinion of Wachtell, Lipton, Rosen & Katz.* | |
| 8.2 | Debt Opinion of Wachtell, Lipton, Rosen & Katz.* | |
| 8.3 | Opinion of Conyers Dill & Pearman, Bermuda (included in Exhibit 5.1). | |
| 10.1 | Form of the LAZ-MD Holdings Stockholders’ Agreement.**** | |
| 10.2 | Form of Lazard Group Fourth Amended and Restated Limited Liability Company Operating Agreement.††† | |
| 10.3 | Form of Tax Receivable Agreement.††† | |
| 10.4 | Form of Employee Benefits Agreement.†† | |
| 10.5 | Form of Insurance Matters Agreement.**** | |
| 10.6 | Form of Lazard License Agreement.††† | |
| 10.7 | Form of Administrative Services Agreement.††† | |
| 10.8 | Form of Business Alliance Agreement.††† | |
| 10.9 | First Amended and Restated Limited Liability Company Agreement of Lazard Asset Management LLC, dated as of January 10, 2003.*** | |
II-1
| Exhibit Number |
Exhibit Title | |
| 10.10 | Master Transaction and Relationship Agreement, dated as of March 26, 2003, by and among Banca Intesa S.p.A., Lazard LLC and Lazard & Co. S.r.l.*** | |
| 10.11 | Note Purchase Agreement, dated as of March 26, 2003, by and among Lazard Funding LLC, Lazard LLC and Banca Intesa S.p.A.*** | |
| 10.12 | $150 Million Subordinated Convertible Promissory Note due 2018, issued by Lazard Funding LLC to Banca Intesa S.p.A.*** | |
| 10.13 | $50 Million Subordinated Non-Transferable Promissory Note due 2078, issued by Lazard & Co. S.r.l. to Banca Intesa S.p.A.*** | |
| 10.14 | Guaranty of Lazard LLC to Banca Intesa S.p.A., dated as of March 26, 2003.** | |
| 10.15 | Amended and Restated Operating Agreement of Lazard Strategic Coordination Company LLC, dated as of January 1, 2002.*** | |
| 10.16 | Note Purchase Agreement, dated as of May 11, 2001, by and between Lazard Funding Limited LLC, Lazard LLC, and the purchasers thereto.*** | |
| 10.17 | Amendment No. 1, dated as of August 27, 2003, to the Note Purchase Agreement, dated as of May 11, 2001, by and between Lazard Funding Limited LLC, Lazard LLC and the purchasers thereto.*** | |
| 10.18 | Lease, dated as of January 27, 1994, by and between Rockefeller Center Properties and Lazard Frères & Co.*** | |
| 10.19 | Lease with an Option to Purchase, dated as of July 11, 1990, by and between Sicomibail and Finabail and SCI du 121 Boulevard Hausmann (English translation).*** | |
| 10.20 | Occupational Lease, dated as of August 9, 2002, Burford (Stratton) Nominee 1 Limited, Burford (Stratton) Nominee 2 Limited, Burford (Stratton) Limited, Lazard & Co., Limited and Lazard LLC.*** | |
| 10.21 | 2005 Equity Incentive Plan.††† | |
| 10.22 | 2005 Bonus Plan.**** | |
| 10.23 | Form of Agreement relating to Retention and Noncompetition and Other Covenants between Lazard Ltd, Lazard Group LLC and Bruce Wasserstein.† | |
| 10.24 | Form of Agreement relating to Reorganization of Lazard by and between Lazard LLC and Bruce Wasserstein.† | |
| 10.25 | Form of Agreement relating to Retention and Noncompetition and Other Covenants between Lazard Ltd, Lazard Group LLC and Steven J. Golub.†††† | |
| 10.26 | Form of Agreement relating to Retention and Noncompetition and Other Covenants applicable to, and related Schedule I, for each of Michael J. Castellano, Scott D. Hoffman and Charles G. Ward III.† | |
| 10.27 | Form of Agreements relating to Retention and Noncompetition and Other Covenants.† | |
| 10.28 | Form of Amended and Restated Letter Agreement, effective as of January 1, 2004, between Vernon E. Jordan, Jr. and Lazard Frères & Co. LLC.†† | |
| 10.29 | Letter Agreement, dated as of March 15, 2005, from IXIS Corporate and Investment Bank to Lazard LLC and Lazard Ltd.**** | |
| 10.30 | Form of Registration Rights Agreement, by and among Lazard Group Finance LLC, Lazard, Lazard LLC and IXIS Corporate and Investment Bank.**** | |
| 10.31 | Form of Letter Agreement with Bruce Wasserstein family trusts.††† | |
| 12.1 | Condensed Financial Information of Lazard LLC for the Years Ended December 31, 2002, 2003 and 2004.* | |
| 12.2 | Ratio of Earnings to Fixed Charges.* | |
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| Exhibit Number |
Exhibit Title | |
| 21.1 | List of Subsidiaries of Lazard Ltd.* | |
| 21.2 | List of Subsidiaries of Lazard Group Finance LLC.* | |
| 23.1 | Consent of Deloitte & Touche LLP.* | |
| 23.2 | Consent of Conyers Dill & Pearman, Bermuda.* | |
| 23.3 | Consent of Bruce Wasserstein to be named as a director nominee.* | |
| 23.4 | Consent of Robert Charles Clark to be named as a director nominee.* | |
| 23.5 | Consent of Ellis Jones to be named as a director nominee.* | |
| 23.6 | Consent of Vernon E. Jordan, Jr. to be named as a director nominee.* | |
| 23.7 | Consent of Anthony Orsatelli to be named as a director nominee.* | |
| 23.8 | Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 8.1). | |
| 23.9 | Consent of Appleby Spurling Hunter.* | |
| 24.1 | Powers of Attorney.* | |
| 24.2 | Power of Attorney for Bruce Wasserstein.* | |
| 25.1 | Statement of Eligibility of Trustee. | |
| * | Previously filed. |
| ** | Incorporated by reference to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on December 17, 2004, relating to Lazard Ltd’s concurrent common stock offering. |
| *** | Incorporated by reference to Amendment No. 1 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on February 11, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| **** | Incorporated by reference to Amendment No. 2 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on March 21, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| † | Incorporated by reference to Amendment No. 3 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on April 11, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| †† | Incorporated by reference to Amendment No. 4 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on April 18, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| ††† | Incorporated by reference to Amendment No. 5 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on May 2, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| †††† | Incorporated by reference to Post-Effective Amendment No. 1 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on May 6, 2005, relating to Lazard Ltd’s concurrent stock offering. |
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Signatures
Pursuant to the requirements of the Securities Act of 1933, as amended, Lazard Ltd has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on May 6, 2005.
| LAZARD LTD | ||
| By: |
/s/ Bruce Wasserstein | |
| Name: Bruce Wasserstein | ||
| Title: Chief Executive Officer | ||
Power of Attorney
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
| Signature |
Title |
Date | ||
| /s/ Bruce Wasserstein Bruce Wasserstein |
Director and Chief Executive Officer (principal executive officer) | May 6, 2005 | ||
| /s/ Steven J. Golub Steven J. Golub |
Director and President | May 6, 2005 | ||
| /s/ Michael J. Castellano Michael J. Castellano |
Director and Vice President (principal financial and accounting officer) | May 6, 2005 | ||
| /s/ Scott D. Hoffman Scott D. Hoffman |
Director and Vice President |
May 6, 2005 | ||
II-4
Signatures
Pursuant to the requirements of the Securities Act of 1933, as amended, Lazard Group Finance LLC has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York, on May 6, 2005.
| LAZARD GROUP FINANCE LLC | ||
| By: |
/s/ Steven J. Golub | |
| Name: Steven J. Golub | ||
| Title: President | ||
Power of Attorney
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the date indicated.
| Signature |
Title |
Date | ||
| /s/ Steven J. Golub Steven J. Golub |
Director and President (principal executive officer) |
May 6, 2005 | ||
| /s/ Michael J. Castellano Michael J. Castellano |
Director and Vice President (principal financial and accounting officer) | May 6, 2005 | ||
| /s/ Scott D. Hoffman Scott D. Hoffman |
Director and Vice President |
May 6, 2005 | ||
II-5
EXHIBIT INDEX
| Exhibit Number |
Exhibit Title | |
| 1.1 | Form of Underwriting Agreement relating to the equity public offering of Lazard Ltd.† | |
| 1.2 | Form of Underwriting Agreement relating to the equity security units offering of Lazard Ltd and Lazard Group Finance LLC.* | |
| 2.1 | Form of Master Separation Agreement.††† | |
| 2.2 | Class B-1 and Class C Members Transaction Agreement.** | |
| 3.1 | Certificate of Incorporation and Memorandum of Association of Lazard Ltd.**** | |
| 3.2 | Certificate of Incorporation in Change of Name of Lazard Ltd.**** | |
| 3.3 | Form of Amended and Restated Bye-laws of Lazard Ltd.† | |
| 3.4 | Certificate of Formation of Lazard Group Finance LLC.* | |
| 3.5 | Form of Lazard Group Finance LLC Operating Agreement.* | |
| 4.1 | Form of Specimen Certificate for Class A common stock.† | |
| 4.2 | Form of Indenture of Lazard Group Finance LLC.* | |
| 4.3 | Form of First Supplemental Indenture to the Indenture relating to the Lazard Group Finance LLC senior notes.* | |
| 4.4 | Form of Second Supplemental Indenture to the Indenture relating to the Lazard Group Finance LLC senior notes.* | |
| 4.5 | Form of Purchase Contract Agreement relating to the Lazard Ltd purchase contracts, which are components of the Lazard Ltd equity security units.* | |
| 4.6 | Form of Pledge Agreement relating to the Lazard Group Finance LLC senior notes, which are components of the Lazard Ltd equity security units.* | |
| 4.7 | Form of Pledge Agreement relating to the Lazard Group notes.* | |
| 4.8 | Form of Normal Equity Security Units Certificate (included in Exhibit 4.4). | |
| 4.9 | Form of Stripped Equity Security Units Certificate (included in Exhibit 4.4). | |
| 4.10 | Form of Senior Note (included in Exhibit 4.3). | |
| 5.1 | Opinion of Conyers Dill & Pearman, Bermuda.* | |
| 5.2 | Opinion of Wachtell, Lipton, Rosen & Katz.* | |
| 8.1 | Opinion Accuracy of Wachtell, Lipton, Rosen & Katz.* | |
| 8.2 | Debt Opinion of Wachtell, Lipton, Rosen & Katz.* | |
| 8.3 | Opinion of Conyers Dill & Pearman, Bermuda (included in Exhibit 5.1). | |
| 10.1 | Form of the LAZ-MD Holdings Stockholders’ Agreement.**** | |
| 10.2 | Form of Lazard Group Fourth Amended and Restated Limited Liability Company Operating Agreement.††† | |
| 10.3 | Form of Tax Receivable Agreement.††† | |
| 10.4 | Form of Employee Benefits Agreement.†† | |
| 10.5 | Form of Insurance Matters Agreement.**** | |
| 10.6 | Form of Lazard License Agreement.††† | |
| 10.7 | Form of Administrative Services Agreement.††† | |
| 10.8 | Form of Business Alliance Agreement.††† | |
| 10.9 | First Amended and Restated Limited Liability Company Agreement of Lazard Asset Management LLC, dated as of January 10, 2003.*** | |
| 10.10 | Master Transaction and Relationship Agreement, dated as of March 26, 2003, by and among Banca Intesa S.p.A., Lazard LLC and Lazard & Co. S.r.l.*** | |
| 10.11 | Note Purchase Agreement, dated as of March 26, 2003, by and among Lazard Funding LLC, Lazard LLC and Banca Intesa S.p.A.*** | |
| 10.12 | $150 Million Subordinated Convertible Promissory Note due 2018, issued by Lazard Funding LLC to Banca Intesa S.p.A.*** | |
II-6
| Exhibit Number |
Exhibit Title | |
| 10.13 | $50 Million Subordinated Non-Transferable Promissory Note due 2078, issued by Lazard & Co. S.r.l. to Banca Intesa S.p.A.*** | |
| 10.14 | Guaranty of Lazard LLC to Banca Intesa S.p.A., dated as of March 26, 2003.** | |
| 10.15 | Amended and Restated Operating Agreement of Lazard Strategic Coordination Company LLC, dated as of January 1, 2002.*** | |
| 10.16 | Note Purchase Agreement, dated as of May 11, 2001, by and between Lazard Funding Limited LLC, Lazard LLC, and the purchasers thereto.*** | |
| 10.17 | Amendment No. 1, dated as of August 27, 2003, to the Note Purchase Agreement, dated as of May 11, 2001, by and between Lazard Funding Limited LLC, Lazard LLC and the purchasers thereto.*** | |
| 10.18 | Lease, dated as of January 27, 1994, by and between Rockefeller Center Properties and Lazard Frères & Co.*** | |
| 10.19 | Lease with an Option to Purchase, dated as of July 11, 1990, by and between Sicomibail and Finabail and SCI du 121 Boulevard Hausmann (English translation).*** | |
| 10.20 | Occupational Lease, dated as of August 9, 2002, Burford (Stratton) Nominee 1 Limited, Burford (Stratton) Nominee 2 Limited, Burford (Stratton) Limited, Lazard & Co., Limited and Lazard LLC.*** | |
| 10.21 | 2005 Equity Incentive Plan.††† | |
| 10.22 | 2005 Bonus Plan.**** | |
| 10.23 | Form of Agreement relating to Retention and Noncompetition and Other Covenants between Lazard Ltd, Lazard Group LLC and Bruce Wasserstein.† | |
| 10.24 | Form of Agreement relating to Reorganization of Lazard by and between Lazard LLC and Bruce Wasserstein.† | |
| 10.25 | Form of Agreement relating to Retention and Noncompetition and Other Covenants between Lazard Ltd, Lazard Group LLC and Steven J. Golub.†††† | |
| 10.26 | Form of Agreement relating to Retention and Noncompetition and Other Covenants applicable to, and related to Schedule I, for each of Michael J. Castellano, Scott D. Hoffman and Charles G. Ward III.† | |
| 10.27 | Form of Agreements relating to Retention and Noncompetition and Other Covenants.† | |
| 10.28 | Form of Amended and Restated Letter Agreement, effective as of January 1, 2004, between Vernon E. Jordan, Jr. and Lazard Frères & Co. LLC. †† | |
| 10.29 | Letter Agreement, dated as of March 15, 2005, from IXIS Corporate and Investment Bank to Lazard LLC and Lazard Ltd.**** | |
| 10.30 | Form of Registration Rights Agreement, by and among Lazard Group Finance LLC, Lazard, Lazard LLC and IXIS Corporate and Investment Bank.**** | |
| 10.31 | Form of Letter Agreement with Bruce Wasserstein family trusts.††† | |
| 12.1 | Condensed Financial Information of Lazard LLC for the Years Ended December 31, 2002, 2003 and 2004.* | |
| 12.2 | Ratio of Earnings to Fixed Charges.* | |
| 21.1 | List of Subsidiaries of Lazard Ltd.* | |
| 21.2 | List of Subsidiaries of Lazard Group Finance LLC.* | |
| 23.1 | Consent of Deloitte & Touche LLP.* | |
| 23.2 | Consent of Conyers Dill & Pearman, Bermuda.* | |
| 23.3 | Consent of Bruce Wasserstein to be named as a director nominee.* | |
| 23.4 | Consent of Robert Charles Clark to be named as a director nominee.* | |
II-7
| Exhibit Number |
Exhibit Title | |
| 23.5 | Consent of Ellis Jones to be named as a director nominee.* | |
| 23.6 | Consent of Vernon E. Jordan, Jr. to be named as a director nominee.* | |
| 23.7 | Consent of Anthony Orsatelli to be named as a director nominee.* | |
| 23.8 | Consent of Wachtell, Lipton, Rosen & Katz (included in Exhibit 8.1). | |
| 23.9 | Consent of Appleby Spurling Hunter.* | |
| 24.1 | Powers of Attorney.* | |
| 24.2 | Power of Attorney for Bruce Wasserstein.* | |
| 25.1 | Statement of Eligibility of Trustee. | |
| * | Previously filed. |
| ** | Incorporated by reference to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on December 17, 2004, relating to Lazard Ltd’s concurrent common stock offering. |
| *** | Incorporated by reference to Amendment No. 1 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on February 11, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| **** | Incorporated by reference to Amendment No. 2 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on March 21, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| † | Incorporated by reference to Amendment No. 3 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on April 11, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| †† | Incorporated by reference to Amendment No. 4 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on April 18, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| ††† | Incorporated by reference to Amendment No. 5 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on May 2, 2005, relating to Lazard Ltd’s concurrent common stock offering. |
| †††† | Incorporated by reference to Post-Effective Amendment No. 1 to Lazard Ltd’s Registration Statement on Form S-1 (File No. 333-121407) filed on May 6, 2005, relating to Lazard Ltd’s concurrent stock offering. |
II-8