Every material Form 8-K Houlihan Lokey filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On December 30, 2025, Houlihan Lokey entered into an amended and restated voting trust agreement covering Class B common stock, replacing the 2015 agreement and its amendments. The revised terms change when the trust ends, how certain shares are voted after the final conversion date, and when former employees and current employees can withdraw shares, with a special committee of disinterested directors approving the change.
Agreement dated December 30, 2025 replaces the voting trust agreement dated August 18, 2015, as amended in 2015 and October 18, 2018
Trust terminates on the earliest of written agreement, 10 years after the Final Conversion Date, or when the trust holds less than 5% of outstanding shares
After the Final Conversion Date, trust shares above 30% of outstanding common stock must be voted in the same proportion as all other stockholders' shares
Former employees not employed for at least 12 months may have shares released after the Final Conversion Date
Houlihan Lokey reported fiscal second-quarter 2026 revenue of $659 million, up from $575 million a year earlier, and GAAP diluted EPS of $1.63, up from $1.37. Adjusted diluted EPS was $1.84 versus $1.46, and the board declared a $0.60 per share quarterly dividend, which matters to shareholders because both earnings measures rose and the payout continues.
Revenue of $659 million vs $575 million a year earlier; Corporate Finance revenue rose 21%.
GAAP diluted EPS of $1.63 vs $1.37; adjusted diluted EPS of $1.84 vs $1.46.
Quarterly dividend of $0.60 per share, payable December 15, 2025 to holders of record on December 1, 2025.
Unrestricted cash and investment securities of $1.11 billion as of September 30, 2025.
Houlihan Lokey's board increased its size from ten to eleven seats and appointed R. Scott Mund, a Deloitte partner, as an independent Class II director effective October 1, 2025. Mr. Mund joins the Nominating and Corporate Governance Committee and receives a restricted stock award valued at $100,000 under the company's director compensation program.
Board size increased from ten to eleven, effective October 1, 2025
R. Scott Mund appointed independent Class II director and member of the Nominating and Corporate Governance Committee
Mr. Mund is a partner at Deloitte LLP, which he joined in 2002
Restricted class A common stock award valued at $100,000, vesting over three anniversaries of the grant date
Houlihan Lokey entered into a Second Amendment to its Credit Agreement on August 19, 2025, increasing revolving commitments from $100 million to $150 million and extending the facility's maturity to August 19, 2030. The amendment also lowers the interest rate margin and commitment fee and removes the minimum Consolidated EBITDA financial covenant, which changes the terms of the company's borrowing arrangement.
Revolving commitments increased from $100 million to $150 million
Interest rate margin on adjusted term SOFR borrowings cut from 1.00% to 0.95%; commitment fee cut from 0.30% to 0.15% per annum
Maturity extended to August 19, 2030; minimum Consolidated EBITDA covenant eliminated
Houlihan Lokey reported fiscal first-quarter 2026 results for the quarter ended June 30, 2025, with revenue up from $514 million a year earlier and GAAP diluted EPS of $1.42 versus $1.30. Adjusted diluted EPS was $2.14 versus $1.22, and the board declared a $0.60 per share quarterly dividend, which shareholders should weigh alongside the results.
Revenue of $605 million versus $514 million a year earlier; Corporate Finance revenue rose 21%.
GAAP net income of $98 million, or $1.42 per diluted share, versus $89 million, or $1.30, a year earlier.
Adjusted diluted EPS of $2.14 versus $1.22 in the prior-year quarter.
Quarterly dividend of $0.60 per share, payable September 15, 2025, to holders of record on September 2, 2025.
Houlihan Lokey reported fiscal 2025 revenue of $2.39 billion, up from $1.91 billion, and GAAP diluted EPS of $5.82, up from $4.11, for the year ended March 31, 2025. Fourth-quarter revenue rose to $666 million from $520 million, and the company raised its quarterly dividend 5% to $0.60 per share. The company said current volatility makes meaningful forecasts difficult, so it gave no forward guidance.
Fiscal 2025 revenue $2.39 billion vs. $1.91 billion; Corporate Finance revenue up 38%
Fiscal 2025 GAAP diluted EPS $5.82 vs. $4.11; adjusted diluted EPS $6.29 vs. $4.49
Fourth-quarter revenue $666 million vs. $520 million; GAAP diluted EPS $1.76 vs. $1.18
Quarterly dividend raised 5% to $0.60 per share, payable June 15, 2025 to holders of record June 2, 2025
Houlihan Lokey reported results for the fiscal third quarter ended December 31, 2024, with revenues of $634 million, up from $511 million a year earlier. Diluted EPS was $1.39 on a GAAP basis, compared with $1.04, and adjusted diluted EPS was $1.64, compared with $1.22. The company also declared a quarterly dividend of $0.57 per share, which is payable March 15, 2025.
Revenues were $634 million versus $511 million in the same quarter last year.
GAAP diluted EPS was $1.39 versus $1.04; adjusted diluted EPS was $1.64 versus $1.22.
Corporate Finance revenues rose 36% to $422 million; Financial Restructuring rose 2% to $131 million; Financial and Valuation Advisory rose 14% to $82 million.
Quarterly dividend of $0.57 per share is payable March 15, 2025 to holders of record on March 3, 2025.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Houlihan Lokey filing is on SEC EDGAR ↗. 8-K briefs of other companies →