The latest announcement is out from LegalZoom (LZ).
Jeffrey Stibel has been appointed as the new CEO of the company, effective July 9, 2024, while also retaining his position as Chair of the Board. Dan Wernikoff resigned from his CEO position and the Board on the same date, without disagreements on company operations. Stibel’s employment agreement includes a $575,000 base salary, eligibility for bonuses, benefits, and equity awards, with specific terms for severance in case of termination. Additionally, the Board has seen changes including John Murphy’s appointment as Lead Independent Director, a decrease in board size, and executive retention awards for other key officers.
For detailed information about LZ stock, go to TipRanks’ Stock Analysis page.
