Every 8-K that Lincoln International, Inc. (LCLN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LCLN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LCLN filings page.
Lincoln International, Inc. reported an unregistered equity issuance connected to its recent initial public offering of Class A common stock. Under partnership agreements for Lincoln International, LP, the company was required to deliver stock to certain current and former partners whose partnership units had been repurchased in connection with death, retirement, permanent disability, or specified termination events before the IPO.
On August 12, 2026, the company issued 1,433,927 shares of Class A common stock (the “Liquidity Event Shares”) to these Liquidity Event Partners, satisfying its obligation to make the “Liquidity Event Issuance.” The shares were issued in a private transaction relying on the Section 4(a)(2) exemption from Securities Act registration on the basis that the transaction did not involve a public offering.
Lincoln International, Inc. reported record second-quarter 2026 revenues of $225.7 million, up 51% year-over-year, and first-half revenues of $383.5 million, up 36%. Growth was broad-based, with Investment Banking Advisory revenue rising 56% to $177.7 million and Valuations and Opinions revenue rising 35% to $47.9 million, helped by higher M&A activity, stronger demand for private market valuations and the MarshBerry acquisition.
GAAP net income attributable to Lincoln International was $0.5 million, or $0.01 diluted EPS, while adjusted net income was $28.7 million, or adjusted diluted EPS of $0.26, as IPO- and acquisition-related costs weighed on GAAP results. Adjusted operating income increased 73% and the adjusted operating margin improved to 20.3%. As of June 30, 2026, the company held cash and cash equivalents of $250.6 million and long-term debt of $101.9 million, for net cash of $148.7 million, after using IPO proceeds to repay approximately $195.8 million of debt incurred primarily for the MarshBerry acquisition. The board declared a quarterly dividend of $0.07 per share of Class A common stock, payable September 15, 2026.
Lincoln International, Inc. completed its initial public offering of 24,207,486 Class A shares at $20.00 per share, generating gross proceeds of $473.7 million before underwriting costs. The underwriters fully exercised their option to buy an additional 3,157,498 shares.
In a related private Exchange, the company issued 32,096,939 Class B shares and 48,860,500 Class C shares to existing partners on a one-to-one basis with their OpCo units, relying on a Securities Act exemption.
The company’s new Charter authorizes up to 650,000,000 Class A, 250,000,000 Class B, 100,000,000 Class C and 5,000,000 preferred shares. If all Class B and C shares convert, Lincoln International would have 102,015,412 Class A shares outstanding.
The board added two independent directors, M. Christie Smith and John W. Oleniczak, and entered into employment agreements with CEO Robert Brown and President and Global Head of M&A Eric Malchow. Key partnership, tax receivable and voting agreements tied to the IPO also became effective.