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0 Annual report pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON , D.C. 20549 FORM 10 - K Transition report pursuant to Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 For the transition period from Commission file number 001-33761 Delaware ( State or Other Jurisdiction of Incorporation or Organization ) the Fiscal Year Ended Dec mber 31 , 2020 or PZENA INVESTMENT MANAGEMENT , INC . ( Exact Name of Registrant as Specified in its Charter ) Title of Each Class Class A Common Stock , par value $ .01 per share Large accelerated filer Non - accelerated filer to 00 320 Park Avenue New York , New York 10022 ( Address of Principal Executive Offices ) Registrant's telephone number , including area code : ( 212 ) 355-1600 Securities registered pursuant to Section 12 ( b ) of the Act : Trading Symbol ( s ) PZN 20-8999751 ( I.R.S. Employer Identification No. ) Securities registered pursuant to Section 12 ( g ) of the Act : None Indicate by check mark if the registrant is a well - known seasoned issuer , as defined in Rule 405 of the Securities Act . Yes No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15 ( d ) of the Act . Yes No Indicate by check mark whether the registrant : ( 1 ) has filed all reports required to be filed by Section 13 or 15 ( d ) of the Securities Exchange Act of 1934 during the preceding 12 months ( or for such shorter period that the registrant was required to file such reports ) , and ( 2 ) has been subject to such filing requirements for the past 90 days . Yes > No Name of Each Exchange on Which Registered New York Stock Exchange Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S - T during the preceding 12 months ( or for such shorter period that the registrant was required to submit such files ) . Yes No Indicate by check mark whether the registrant is a large accelerated filer , an accelerated filer , a non - accelerated filer , a smaller reporting company or an emerging growth company . See the definitions of " large accelerated filer , " " accelerated filer , " " smaller reporting company , " and " emerging growth company " in Rule 12b - 2 of the Exchange Act Accelerated filer Smaller reporting company Emerging growth company If an emerging growth company , indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 ( a ) of the Exchange Act . X X ☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404 ( b ) of the Sarbanes Oxley Act ( 15 U.S.C. 7262 ( b ) ) by the registered public accounting firm that prepared or issued its audit report . Indicate by check mark whether the registrant is a shell company ( as defined in Rule 12b - 2 of the Exchange Act ) Yes No The aggregate market value of the common equity held by non - affiliates of the registrant as of June 30 , 2020 , the last business day of its most recently completed second fiscal quarter , was approximately $ 90.3 million based on the closing sale price of $ 5.44 per share of Class A common stock of the registrant on such date on the New York Stock Exchange . For purposes of this calculation only , it is assumed that the affiliates of the registrant include only directors and executive officers of the registrant . As of March 5 , 2021 , there were 17,132,884 outstanding shares of the registrant's Class A common stock , par value $ 0.01 per share . As of March 5 , 2021 , there were 55,457,077 outstanding shares of the registrant's Class B common stock , par value $ 0.000001 per share .