HL Voting Trust Amends Houlihan Lokey Stake

TL;DR

HL Voting Trust updated its Houlihan Lokey stake filing (13D/A #28) - watch for ownership changes.

AI Summary

On September 24, 2024, HL Voting Trust filed an amendment (No. 28) to its Schedule 13D concerning Houlihan Lokey, Inc. The filing indicates changes in beneficial ownership, with the trust holding a significant stake in the company's Class A common stock. The filing was made under the Securities Exchange Act of 1934.

Why It Matters

This amendment signals potential shifts in control or influence over Houlihan Lokey, Inc. by a major shareholder, which could impact the company's strategic direction and stock performance.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in a major shareholder's position, which can lead to increased volatility or strategic shifts for the company.

Key Numbers

• 28 — Amendment Number (Indicates this is a significant update to a previous filing.)

Key Players & Entities

• HL VOTING TRUST (company) — Filing entity
• HOULIHAN LOKEY, INC. (company) — Subject company
• Christopher M. Crain (person) — General Counsel
• IRWIN N. GOLD (person) — Group Member
• SCOTT J. ADELSON (person) — Group Member
• SCOTT L. BEISER (person) — Group Member

FAQ

Key Financial Figures

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

Filing Documents

• d840249dsc13da.htm (SC 13D/A) — 94KB
• d840249dex991.htm (EX-99.1) — 8KB
• d840249dex994.htm (EX-99.4) — 8KB
• 0001193125-24-224879.txt ( ) — 113KB

of the Schedule is hereby amended and supplemented to provide information regarding Scott J. Adelson as follows

Item 2 of the Schedule is hereby amended and supplemented to provide information regarding Scott J. Adelson as follows: (a) Name of Person . Scott J. Adelson, individually, and as Trustee of the HL Voting Trust. (b) Principal Business Address of Scott J. Adelson : Houlihan Lokey, Inc., 10250 Constellation Blvd., 5th Floor, Los Angeles, CA 90067. (c) Present Principal Occupation or Employment of Scott J. Adelson and the Name, Principal Business and Address of any Corporation or other Organization in which such Employment is Conducted : Chief Executive Officer of Houlihan Lokey, Inc., 10250 Constellation Blvd., 5th Floor, Los Angeles, CA 90067 (d) Criminal Proceedings . Within the last five years, Scott J. Adelson has not been convicted in any criminal proceedings. (e) Civil Proceedings . Within the last five years, Scott J. Adelson has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. (f) Citizenship . Scott J. Adelson is a citizen of the United States. Item3. Source and Amount of Funds or Other Consideration

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. 27 filed on August 23, 2024 and through September 20, 2024, there was a net decrease of 108,928 shares of Class B common stock in the HL Voting Trust, due to (i) the conversion of 3,318 shares of Class B common stock and subsequent donation or estate planning transfer of the 3,318 shares of Class A common stock, (ii) the forfeiture of 29,660 shares of Class B common stock and restricted stock units in connection with terminations of employment, (iii) the withholding of 336 shares of Class B common stock for the payment of taxes, and (iv) the conversion of 75,614 shares of Class B common stock and subsequent sale of 75,614 of such shares of Class A common stock in the open market. 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 Reporting Persons is set forth below: HL Voting Trust Scott L. Beiser Irwin N. Gold Scott J. Adelson Amount beneficially owned: 16,777,727 (1) 16,777,727 (1) 16,777,727 (1) 16,777,727 (1) Percent of class: 23.9 % (2) 23.9 % (2)(3) 23.9 %(2)(4) 23.9 %(2)(5) Sole power to vote or to direct the vote: 0 0 0 0 Shared power to vote or to direct the vote: 16,777,727 (1) 16,777,727 (1) 16,777,727 (1) 16,777,727 (1) Sole power to dispose or to direct the disposition of: 0 848,525 (3) 1,100,110 (4) 880,282 (5) Shared power to dispose or to direct the disposition of: 0 0 0 (1) Pursuant to the HL Voting Trust Agreement, Messrs. Adelson, Beiser and Gold, as Trustees, have voting control over the shares held by the Voting Trust, but dispositive power over only those shares which each directly

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View this SC 13D/A filing on SEC EDGAR