Houlihan Lokey CEO Transition: Scott Beiser Takes Helm
Ticker: HLI · Form: 8-K · Filed: Mar 4, 2024 · CIK: 1302215
| Field | Detail |
|---|---|
| Company | Houlihan Lokey, Inc. (HLI) |
| Form Type | 8-K |
| Filed Date | Mar 4, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: leadership-change, executive-appointment, management-transition
TL;DR
Houlihan Lokey CEO Scott Adelson steps down, Scott Beiser promoted from Industrials Head.
AI Summary
On March 1, 2024, Houlihan Lokey, Inc. announced the appointment of Scott Beiser as Chief Executive Officer, effective immediately. Beiser, who has been with the company for over 20 years, previously served as the Global Head of its Industrials Group. He succeeds Scott Adelson, who will transition to the role of Executive Chairman.
Why It Matters
This leadership change at a prominent investment bank could signal shifts in strategic direction and operational focus, impacting its deal-making activities and market position.
Risk Assessment
Risk Level: medium — CEO transitions can introduce uncertainty regarding future strategy and execution, potentially affecting investor confidence and company performance.
Key Players & Entities
- Houlihan Lokey, Inc. (company) — Registrant
- Scott Beiser (person) — Appointed Chief Executive Officer
- Scott Adelson (person) — Outgoing Chief Executive Officer, transitioning to Executive Chairman
FAQ
Who has been appointed as the new CEO of Houlihan Lokey, Inc.?
Scott Beiser has been appointed as the new Chief Executive Officer of Houlihan Lokey, Inc.
When was the leadership change effective?
The leadership change was effective as of March 1, 2024.
What was Scott Beiser's previous role at Houlihan Lokey?
Scott Beiser previously served as the Global Head of Houlihan Lokey's Industrials Group.
What new role will Scott Adelson assume?
Scott Adelson will transition to the role of Executive Chairman.
What is the state of incorporation for Houlihan Lokey, Inc.?
Houlihan Lokey, Inc. is incorporated in Delaware.
Filing Stats: 815 words · 3 min read · ~3 pages · Grade level 9.5 · Accepted 2024-03-04 17:20:08
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 HLI New York Stock Exchange Indica
Filing Documents
- d801583d8k.htm (8-K) — 29KB
- d801583dex991.htm (EX-99.1) — 8KB
- g801583g0303091929997.jpg (GRAPHIC) — 2KB
- 0001193125-24-058011.txt ( ) — 162KB
- hli-20240301.xsd (EX-101.SCH) — 3KB
- hli-20240301_lab.xml (EX-101.LAB) — 18KB
- hli-20240301_pre.xml (EX-101.PRE) — 11KB
- d801583d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release dated March 4, 2024 104 Cover page interactive data file (embedded within the inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: March 4, 2024 HOULIHAN LOKEY, INC. By: /s/ J. Lindsey Alley Name: J. Lindsey Alley Title: Chief Financial Officer