Every material Form 8-K Hamilton Lane filed with the SEC in 2024, 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.
Hamilton Lane Incorporated reported results for the fiscal second quarter ended September 30, 2024, in a press release furnished as Exhibit 99.1. Total revenues rose 18% to $150.0 million, management and advisory fees rose 10% to $119.8 million, and GAAP diluted EPS was $1.37 versus $1.11 a year earlier. The company also declared a quarterly dividend of $0.49 per share, payable January 7, 2025.
Total revenues of $150.0 million, up 18% from $126.9 million; incentive fees of $30.2 million, up 71%
GAAP net income attributable to Hamilton Lane of $55.0 million, up 31%; diluted EPS of $1.37 versus $1.11
Non-GAAP EPS of $1.07, up 20%; Fee Related Earnings of $51.6 million, up 10%
Quarterly dividend of $0.49 per share; record date December 16, 2024; payable January 7, 2025
Hamilton Lane's operating subsidiary, Hamilton Lane Advisors, issued $100 million of 5.28% senior notes due October 15, 2029, in a private placement on October 8, 2024. The company also amended four JPMorgan Chase loan agreements with a combined loan cap of $325 million, extending maturities and loosening some covenants, which adds debt but does not report any earnings or guidance change.
Notes: $100 million principal at 5.28%, maturing October 15, 2029, with semi-annual interest from April 15, 2025
Proceeds intended for general corporate purposes, including seeding new funds and creating new products
Loan agreements, amended October 7, 2024, are subject to a combined $325 million cap and now name JPMorgan Chase as successor to First Republic Bank
Covenants include a 3.50 to 1.00 consolidated leverage ratio and a minimum annual management fees test of at least $185 million
At its September 5, 2024 annual meeting, Hamilton Lane stockholders elected three Class II directors to terms ending at the 2027 annual meeting and approved the Amended and Restated 2017 Equity Incentive Plan, which took effect the same day. Stockholders also approved named executive officer compensation on an advisory basis and ratified Ernst & Young LLP as the independent auditor for the fiscal year ending March 31, 2025. The filing describes routine governance outcomes and does not report financial results.
Equity plan approved with 125,532,615 votes for and 18,481,263 against; it became effective September 5, 2024
Three Class II directors elected: R. Vann Graves, Erik R. Hirsch and Leslie F. Varon, each for a term ending at the 2027 annual meeting
Advisory say-on-pay vote approved with 136,643,258 votes for and 7,373,593 against
Ernst & Young LLP ratified as auditor with 148,255,209 votes for and 252,863 against
Hamilton Lane reported first-quarter fiscal 2025 results for the quarter ended June 30, 2024, with management and advisory fees up 33% and GAAP net income up 90% year-over-year. The company also declared a quarterly dividend of $0.49 per share, and it reported total assets under management of $129.7 billion, up 11%.
Total revenues of $196.7 million, up 57% from $125.0 million a year earlier, driven by incentive fees and management and advisory fees
Management and advisory fees of $140.0 million, up 33%; GAAP diluted EPS of $1.47 versus $0.81 a year earlier
Quarterly dividend of $0.49 per Class A share, record date September 16, 2024, payable October 4, 2024
Hamilton Lane's board approved long-term performance-based restricted stock awards of 544,000 shares to each of its Co-Chief Executive Officers, Erik R. Hirsch and Juan Delgado-Moreira, plus a multi-year annual award program and an incentive tied to certain technology investments for Mr. Hirsch. The awards vest only if Class A share prices reach $150, $190 and $230 and the executives stay employed, which ties their pay to share price gains for shareholders.
Board approved on June 20, 2024 a grant of 544,000 long-term performance-based restricted shares to each Co-CEO, subject to stockholder approval of plan amendments at the next annual meeting
Vesting tied to Class A average closing prices of $150, $190 and $230 over 20 consecutive trading days, with a minimum five-year service requirement
Board intends to consider five annual awards of 30,000 restricted shares per Co-CEO, with the first expected in March 2025 and subject to Board discretion
Mr. Hirsch's incentive pays a percentage of future realized gains on certain historical strategic technology investments; the company says these payments are not material
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model'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 Hamilton Lane filing is on SEC EDGAR ↗. 8-K briefs of other companies →