Lazard Files Schedule 13G/A Disclosing 13.71M IGT Shares, Sole Voting Power
Rhea-AI Filing Summary
International Game Technology PLC received an amended Schedule 13G/A from Lazard Asset Management LLC reporting beneficial ownership of 13,710,118 shares, equal to 6.8% of the company's equity. Lazard discloses sole voting power over 13,664,689 shares and sole dispositive power over 13,710,118 shares, with zero shared voting or dispositive power.
The filing identifies Lazard as an investment adviser (IA) and includes a certification that the securities were not acquired to change or influence control. Items regarding subsidiaries, group members and dissolution of any group are marked not applicable, so no additional participants or control arrangements are reported.
Positive
- Material disclosure: Lazard reports ownership of 13,710,118 shares (6.8%), providing clear transparency on a significant institutional stake.
- Clear authority: Filing specifies sole voting power (13,664,689) and sole dispositive power (13,710,118), with zero shared power.
Negative
- None.
Insights
TL;DR: Lazard reports a material 6.8% stake in IGT with sole voting and dispositive power, filing a Schedule 13G/A and certifying no intent to influence control.
Lazard's disclosed position of 13.71 million shares represents a meaningful minority stake that institutional investors and index trackers will note for ownership concentration. The filing quantifies both voting and dispositive authority (sole voting power: 13,664,689; sole dispositive power: 13,710,118), and reports zero shared power, which clarifies where decision rights rest at the holder level. Because the report includes a certification denying any intent to change control, the filing functions as a transparent regulatory disclosure rather than an indication of strategic governance action.
TL;DR: Lazard, identified as an IA, discloses sole control metrics and certifies passive intent; no group or subsidiary participation is reported.
The Schedule 13G/A explicitly classifies the reporting person as an investment adviser and lists ownership and authority figures with precision, including no shared voting/dispositive power. Items on subsidiary acquisition, group identification and group dissolution are marked not applicable, indicating the stake is held directly without identified co-filers or affiliated holders. The included certification that the shares were not acquired to influence control is material to governance interpretation: it signals the filer is representing its position as non-control-seeking under the reporting framework.