Houlihan Lokey Announces Board Changes and Officer Compensation Updates
Ticker: HLI · Form: 8-K · Filed: Oct 28, 2024 · CIK: 1302215
| Field | Detail |
|---|---|
| Company | Houlihan Lokey, Inc. (HLI) |
| Form Type | 8-K |
| Filed Date | Oct 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation, governance
TL;DR
Board shakeup at Houlihan Lokey: new directors in, one out, exec pay adjustments.
AI Summary
On October 24, 2024, Houlihan Lokey, Inc. filed an 8-K report detailing the departure of Director Scott L. Beiser and the appointment of new directors, including Jonathan M. Shepard and David M. Kirsner. The filing also announced changes in officer compensation arrangements.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: medium — Board and officer changes, especially when coupled with compensation adjustments, can introduce uncertainty regarding future strategic direction and operational stability.
Key Players & Entities
- Houlihan Lokey, Inc. (company) — Registrant
- Scott L. Beiser (person) — Departing Director
- Jonathan M. Shepard (person) — Appointed Director
- David M. Kirsner (person) — Appointed Director
- October 24, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the Houlihan Lokey board of directors?
Scott L. Beiser has departed from the Houlihan Lokey board of directors as of October 24, 2024.
Who are the newly appointed directors at Houlihan Lokey?
Jonathan M. Shepard and David M. Kirsner have been appointed as directors.
What other information is covered in this 8-K filing?
The filing also covers changes in compensatory arrangements of certain officers.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported is October 24, 2024.
What is the principal executive office address for Houlihan Lokey?
The principal executive offices are located at 10250 Constellation Blvd., 5th Floor, Los Angeles, California 90067.
Filing Stats: 583 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2024-10-28 16:27:01
Key Financial Figures
- $0.001 — stered Class A Common Stock, par value $0.001 HLI New York Stock Exchange Indica
Filing Documents
- d883382d8k.htm (8-K) — 27KB
- d883382dex101.htm (EX-10.1) — 8KB
- 0001193125-24-245567.txt ( ) — 157KB
- hli-20241024.xsd (EX-101.SCH) — 3KB
- hli-20241024_lab.xml (EX-101.LAB) — 18KB
- hli-20241024_pre.xml (EX-101.PRE) — 11KB
- d883382d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits Exhibit Number Exhibit Description 10.1 Second Amendment to Amended and Restated Houlihan Lokey, Inc. 2016 Incentive Award Plan 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: October 28, 2024 Houlihan Lokey, Inc. By: /s/ J. Lindsey Alley Name: J. Lindsey Alley Position: Chief Financial Officer