HL Voting Trust Amends Houlihan Lokey Stake
Ticker: HLI · Form: SC 13D/A · Filed: Apr 3, 2024 · CIK: 1302215
| Field | Detail |
|---|---|
| Company | Houlihan Lokey, Inc. (HLI) |
| Form Type | SC 13D/A |
| Filed Date | Apr 3, 2024 |
| Risk Level | medium |
| Pages | 7 |
| Reading Time | 8 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: ownership-change, sec-filing, amendment
Related Tickers: HLI
TL;DR
HL Voting Trust updated its 13D for HOULIHAN LOKEY, INC. - ownership change.
AI Summary
On April 3, 2024, HL Voting Trust filed an amendment (Amendment No. 26) to its Schedule 13D for Houlihan Lokey, Inc. The filing indicates a change in the beneficial ownership of Class A common stock. Irwin N. Gold and Scott L. Beiser are listed as group members.
Why It Matters
This amendment signals a potential shift in control or strategy for Houlihan Lokey, Inc., as significant stakeholders adjust their positions.
Risk Assessment
Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can impact stock price and corporate control.
Key Players & Entities
- HL Voting Trust (company) — Filing entity
- Houlihan Lokey, Inc. (company) — Subject company
- Irwin N. Gold (person) — Group member
- Scott L. Beiser (person) — Group member
- Christopher M. Crain (person) — General Counsel
FAQ
What is the purpose of this SC 13D/A filing?
This filing is an amendment (Amendment No. 26) to a Schedule 13D, indicating a change in the beneficial ownership of Houlihan Lokey, Inc. Class A common stock.
Who are the key individuals or entities involved in this filing?
The filing involves HL Voting Trust as the filer, Houlihan Lokey, Inc. as the subject company, and lists Irwin N. Gold and Scott L. Beiser as group members.
When was this amendment filed?
The filing was made on April 3, 2024.
What is the CUSIP number for Houlihan Lokey, Inc. Class A common stock?
The CUSIP number for Houlihan Lokey, Inc. Class A common stock is 441593100.
What is the business address of Houlihan Lokey, Inc. as listed in the filing?
The business address is 10250 Constellation Blvd., 5th Floor, Los Angeles, CA 90067.
Filing Stats: 2,000 words · 8 min read · ~7 pages · Grade level 7.5 · Accepted 2024-04-03 16:06:58
Key Financial Figures
- $0.001 — suer) Class A common stock, par value $0.001 per share (Title of Class of Securiti
Filing Documents
- d769821dsc13da.htm (SC 13D/A) — 73KB
- 0001193125-24-085996.txt ( ) — 75KB
of the Schedule is hereby amended and supplemented by the addition of the following
Item 3 of the Schedule is hereby amended and supplemented by the addition of the following: Since Amendment No. 25 filed on October 6, 2023 and through April 2, 2024, there was a net decrease of 675,118 shares of Class B common stock in the HL Voting Trust, due to (i) the conversion of 125,644 shares of Class B common stock and subsequent donation or estate planning transfer of the 125,644 shares of Class A common stock, (ii) the forfeiture of 62,561 shares of Class B common stock in connection with terminations of employment, (iii) the withholding of 5,962 shares of Class B common stock for the payment of taxes, (iv) the issuance of 154,844 vested shares of Class B common stock in connection with acquisitions, and (v) the conversion of 635,795 shares of Class B common stock and subsequent sale of 635,795 of such shares of Class A common stock in the open market. Since Amendment No. 25 dated October 6, 2023 and through April 2, 2024, Mr. Gold: (i) converted an aggregate of 10,000 shares of Class B common stock into Class A common stock and subsequently sold such shares of Class A common stock. These shares are included in the transactions described above in this Item 3. Since Amendment No. 25 dated October 6, 2023 and through April 2, 2024, Mr. Beiser: (i) converted an aggregate of 9,084 shares of Class B common stock into Class A common stock and subsequently sold such shares of Class A common stock; and (ii) converted an aggregate of 15,000 shares of Class B common stock into Class A common stock and subsequently donated such shares of Class A common stock. These shares are included in the transactions described above in this Item 3. Item5. Interest in Securities of the Issuer Item 5(a) and 5(b) are hereby amended and restated as set forth below. Item 5(c) is hereby updated by the information set forth above under Item 3. 5(a)-(b) The aggregate number and percentage of the class of securities of the Issuer and the voting and dispositive power of the R