Houlihan Lokey, Inc. filings document the regulatory record of a NYSE-listed global investment bank with Class A common stock registered under the ticker HLI. Recent Form 8-K disclosures report quarterly and fiscal-year operating results, including segment information for Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
The company’s filings also cover material agreements, capital-structure matters, and governance events. Disclosures include amendments to a voting trust agreement connected to common-stock voting arrangements, board composition changes, director election matters, advisory executive-compensation votes, auditor ratification, and other shareholder voting records.
Houlihan Lokey director and co-chairman Scott L. Beiser reported a tax-withholding share disposition through the HL Voting Trust. On the transaction date, 6,497 shares of Class B Common Stock were withheld to cover taxes upon vesting of awards under the 2016 Incentive Award Plan, leaving 793,916 shares held indirectly. The Class B shares are convertible into Class A Common Stock on a one-for-one basis and have no expiration date.
Houlihan Lokey Chief Financial Officer Lindsey J. Alley reported a routine tax-related share disposition. On the vesting of existing equity awards under the 2016 Incentive Award Plan, 2,983 shares of Class B common stock held through the HL Voting Trust were withheld at a reference price of $150.35 per share to cover tax obligations. After this withholding, Alley indirectly holds 67,372 shares of Class B common stock through the trust, over which investment control and dispositive power are retained. This Form 4 reflects compensation-related tax withholding rather than an open-market sale.
Houlihan Lokey CEO Scott Joseph Adelson, through the HL Voting Trust, reported a tax-withholding disposition of 11,093 shares of Class B Common Stock on May 15, 2026. The shares were valued at $150.35 per share and were withheld to cover taxes upon vesting of awards.
Following this non-market transaction, indirect holdings held via the HL Voting Trust totaled 867,828 shares. The Class B Common Stock is convertible into Class A Common Stock on a one-for-one basis and has no expiration date.
Kayne Anderson Rudnick Investment Management, LLC reported beneficial ownership of 2,642,309 shares of Houlihan Lokey Inc common stock, representing 4.9% of the class as of 03/31/2026. The filing shows sole voting power over 1,495,486 shares and sole dispositive power over 1,722,220 shares. The amendment is signed by the firm's Chief Compliance Officer on 05/14/2026.
Houlihan Lokey reported record fiscal 2026 results, with revenues of $2.62 billion versus $2.39 billion a year earlier. Full-year diluted EPS rose to $6.22 from $5.82, and adjusted diluted EPS increased to $7.56 from $6.29, reflecting higher Corporate Finance and valuation activity.
Fourth-quarter results were softer, as revenues declined to $636 million from $666 million and diluted EPS fell to $1.47 from $1.76, mainly due to lower Financial Restructuring revenue. The Board raised the quarterly dividend by 16.7% to $0.70 per share and the company ended March 31, 2026 with $1.36 billion of unrestricted cash, cash equivalents, and investment securities.
Vanguard Capital Management reported beneficial ownership of 2,835,705 shares of Houlihan Lokey Inc Common Stock, representing 5.20% of the class. The filing shows sole dispositive power over 2,835,705 shares and sole voting power for 416,373 shares. The filing is signed by Ashley Grim on 04/30/2026.
Houlihan Lokey Inc: Vanguard Portfolio Management reported beneficial ownership of 2,787,887 shares of common stock, representing 5.12% of the class. The filer reports sole voting power for 9,477 shares and sole dispositive power for 2,787,887 shares.
The disclosure notes ownership includes securities held for Vanguard funds and managed accounts over which Vanguard Portfolio Management LLC or its affiliates exercise dispositive authority.
Houlihan Lokey General Counsel Christopher M. Crain reported a small, pre-planned share sale combined with a share class conversion. On April 1, 2026, he converted 500 shares of Class B Common Stock into 500 shares of Class A Common Stock on a one-for-one basis, then sold the 500 Class A shares at $143.40 per share under a Rule 10b5-1 trading plan adopted on November 18, 2024. Following these direct transactions, he no longer holds these shares directly but continues to have investment control and dispositive power over 51,238 shares of Class B Common Stock held indirectly through the HL Voting Trust, which are convertible into an equal number of Class A shares.
The filing shows a Form 144 notice reporting the proposed sale of 500 shares of Common Stock by a selling party associated with a 10b5-1 plan. The sale date listed is 01/02/2026 and the transaction amount is shown as $87,085.00. The securities were originally issued as an RSA on 08/13/2015.
The Vanguard Group filed an Amendment No. 9 to a Schedule 13G/A reporting beneficial ownership in Common Stock of Houlihan Lokey Inc. The filing states 0 shares beneficially owned and 0% of the class. It explains an internal realignment effective January 12, 2026, and that certain subsidiaries now report separately.