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AI brief of an SEC Form 8-K · Houlihan Lokey (HLI)

Houlihan Lokey Holders Approve Incentive Plan, Elect Director Thomas Reichert

Neutral Impact 3 of 5 leadership Written later

Houlihan Lokey stockholders approved a second amended and restated 2016 Incentive Award Plan at the September 16, 2026 annual meeting, reserving 12 million shares and reducing the automatic annual share increase from 6% to 1%. The board also elected Thomas Reichert as an independent director effective October 1, 2026, and named Prabha Sipi Bhandari Chief Legal Officer after General Counsel Christopher Crain retired.

Key points

  • Proposal 4 (incentive plan) passed with 161,991,591 votes for and 42,486,557 against
  • Thomas Reichert joins the board effective October 1, 2026, with a $120,000 restricted stock award
  • Prabha Sipi Bhandari appointed Chief Legal Officer and Secretary on September 16, 2026; Christopher Crain, General Counsel since 2004, became Corporate Senior Advisor
  • All three director nominees were elected to terms ending at the 2029 annual meeting

The filing

CompanyHoulihan Lokey (HLI)
Form8-K, current report
Filed with the SECSep 22, 2026, 5:15 PM ET
Accession number0001193125-26-398130

Items reported: 5.02 Director / Officer Change5.07 Shareholder Vote Results7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 22, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.