HL Voting Trust Amends Houlihan Lokey Stake

TL;DR

HL Voting Trust updated its 13D for HOULIHAN LOKEY, INC. (HL) - ownership change.

AI Summary

On August 23, 2024, HL Voting Trust filed Amendment No. 27 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 filing updates ownership information for a significant financial advisory firm, potentially signaling shifts in control or investment strategy.

Risk Assessment

Risk Level: low — This is a routine amendment to a Schedule 13D filing, indicating changes in beneficial ownership rather than a new event.

Key Players & Entities

• HL Voting Trust (company) — Filer of the Schedule 13D amendment
• Houlihan Lokey, Inc. (company) — Subject company
• Irwin N. Gold (person) — Group member
• Scott L. Beiser (person) — Group member
• Christopher M. Crain (person) — General Counsel for Houlihan Lokey, Inc.

FAQ

Key Financial Figures

• $0.001 — suer) Class A common stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• d688522dsc13da.htm (SC 13D/A) — 74KB
• 0001193125-24-206208.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. 26 filed on April 2, 2024 and through August 22, 2024, there was a net decrease of 703,751 shares of Class B common stock in the HL Voting Trust, due to (i) the conversion of 71,936 shares of Class B common stock and subsequent donation or estate planning transfer of the 71,936 shares of Class A common stock, (ii) the forfeiture of 154,520 shares of Class B common stock in connection with terminations of employment, (iii) the withholding of 769,207 shares of Class B common stock for the payment of taxes, (iv) the issuance of 8,845 vested shares of Class B common stock in connection with acquisitions, (v) the granting of 939,890 shares of Class B common stock in connection with new equity incentive awards, (vi) the issuance of restricted stock units exercisable for 68,601 shares of Class B common stock, (vii) the issuance of 29,057 shares of Class B common stock upon the vesting of fixed dollar awards and restricted stock units previously issued to employees, and (viii) the conversion of 754,481 shares of Class B common stock and subsequent sale of 754,481 of such shares of Class A common stock in the open market. Since Amendment No. 26 dated April 2, 2024and through August 22, 2024, Mr. Gold: (i) acquired 8,873 shares Class B common stock as equity awards; (ii) had 6,642 shares of Class B common stock withheld by the Company for payment of taxes upon vesting of equity awards; (iii) converted an aggregate of 9,902 shares of Class B common stock into Class A common stock and subsequently sold such shares of Class A common stock; and (iv) converted an aggregate of 3,000 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. Since Amendment No. 26 dated April 2, 2024 and through August 22, 2024, Mr. Beiser: (i) ac

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