Hennessy Advisors Files 2025 Proxy Statement

TL;DR

Hennessy Advisors DEF 14A filed. 2025 shareholder meeting on Feb 13. Vote your shares!

AI Summary

Hennessy Advisors, Inc. filed its definitive proxy statement (DEF 14A) on December 18, 2024, for its 2025 Annual Meeting of Shareholders, scheduled for February 13, 2025. The filing details the company's governance and proposals to be voted on by shareholders. The company is headquartered at 7250 Redwood Blvd., Suite 200, Novato, CA 94945.

Why It Matters

This filing provides shareholders with crucial information about the company's leadership, executive compensation, and voting matters, enabling them to make informed decisions at the upcoming annual meeting.

Risk Assessment

Risk Level: low — This is a routine DEF 14A filing for an annual shareholder meeting, not indicating any immediate financial distress or significant operational changes.

Key Numbers

• 2025 — Annual Meeting Year (Shareholders will vote on company matters for the upcoming year.)
• 0930 — Fiscal Year End (Indicates the end of the company's financial reporting period.)

Key Players & Entities

• HENNESSY ADVISORS INC (company) — Registrant
• 0001145255 (company) — Central Index Key
• 20250213 (date) — Annual Meeting Date
• 20241218 (date) — Filing Date
• 7250 Redwood Blvd., Suite 200, Novato, CA 94945 (address) — Company Headquarters

FAQ

Key Financial Figures

• $1.5 billion — we grew assets under management by over $1.5 billion while adhering to our time-tested busin
• $72 m — he CCM Core Impact Equity Fund totaling $72 million, outpaced redemptions with inflow
• $1 billion — tpaced redemptions with inflows of over $1 billion for total net inflows of $549 million,
• $549 m — ver $1 billion for total net inflows of $549 million, and benefited from positive mark
• $990 million — ted from positive market performance of $990 million. With our total assets under managemen
• $4.6 billion — assets under management up 53% to over $4.6 billion as of September 30, 2024, we significan
• $23.7 million — h position net of debt increased 17% to $23.7 million as of September 30, 2024. When added to
• $40.25 million — f September 30, 2024. When added to the $40.25 million of debt that remains available until De
• $64 million — mber 31, 2026, we have access to nearly $64 million in available cash to utilize for the be
• $11.80 — y 20 years. Based on a closing price of $11.80 per share on December 4, 2024, the $0.1
• $0.1375 — 1.80 per share on December 4, 2024, the $0.1375 quarterly dividend equates to a 4.7% yi
• $12 million — ese asset purchases added approximately $12 million and $59 million to the Company's assets
• $59 million — ses added approximately $12 million and $59 million to the Company's assets under managemen

Filing Documents

• hnna20241205_def14a.htm (DEF 14A) — 425KB
• a01.jpg (GRAPHIC) — 234KB
• a02.jpg (GRAPHIC) — 169KB
• graph01.jpg (GRAPHIC) — 32KB
• graph02.jpg (GRAPHIC) — 32KB
• hai01.jpg (GRAPHIC) — 12KB
• hai02.jpg (GRAPHIC) — 8KB
• njh01.jpg (GRAPHIC) — 4KB
• tmn01.jpg (GRAPHIC) — 6KB
• 0001437749-24-037872.txt ( ) — 1112KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT 10 SECTION 16(A) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE 11 EXECUTIVE OFFICERS 11 COMPENSATION DISCUSSION AND ANALYSIS 11 Compensation Overview 11 Compensation Objectives 12 Say-on-Pay and Say-on-Frequency 12 Process for Determining Compensation of Our Named Executive Officers 12 Elements of Our Compensation Program 13 i Table of Contents

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 16 Summary Compensation Table for Fiscal Years 2024 and 2023 16 Outstanding Equity Awards at Fiscal Year End 2024 17 Potential Payments upon Termination or Change of Control 17 PAY VERSUS PERFORMANCE 23 PROPOSAL 2: RATIFICATION OF SELECTION OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 25 AUDIT COMMITTEE REPORT 26 ADDITIONAL INFORMATION 27 Deadlines for Submissions of Proxy Proposals, Proposals for Director Nominations or Other Business, and Recommendations for Potential Director Nominees 27 Communications with the Board of Directors 28 Annual Report 28 Multiple Shareholders with the Same Address 28 Cost of Proxy Solicitation 28 Other Matters 29 ii Table of Contents HENNESSY ADVISORS, INC. 7250 Redwood Boulevard, Suite 200 Novato, California 94945 PROXY STATEMENT FOR ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON FEBRUARY 13, 2025 This proxy statement and the enclosed proxy card are being first sent to shareholders of Hennessy Advisors on or about December 27, 2024, in connection with the solicitation by our board of directors of proxies to be used at the 2025 annual meeting of shareholders. The annual meeting will be held on Thursday, February 13, 2025, at 3:30 p.m. Pacific time, at Inn Marin, 250 Entrada Drive, Novato, California 94949 (business casual recommended). The board of directors has designated Neil J. Hennessy and Teresa M. Nilsen as proxy agents to vote the shares of common stock solicited on its behalf. VOTING INFORMATION Each share of our common stock has one vote on each matter to come before the meeting. As of December 16, 2024, we had outstanding and entitled to vote 7,783,612 shares of common stock. Only shareholders of record (which means shares are owned in your name in an account with our transfer agent, Computershare) as of the close of business on December 16, 2024, are entitled to vote at the annual meeting. If you are a beneficial owner of shares of our commo

View Full Filing

View this DEF 14A filing on SEC EDGAR