Business Context and Reporting Period
This Form 8-K filing by Houlihan Lokey, Inc. (HLI) reports on the results of the Company's Annual Meeting of Stockholders held on September 21, 2021. The filing details the voting outcomes for director elections, executive compensation, and the ratification of the independent auditor.
Key Financial Metrics
This filing is a current report regarding corporate governance events and does not contain financial performance data. There are no disclosures regarding revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
As this report covers a discrete event (the Annual Meeting) rather than a financial period, there are no material changes to financial conditions or operations reported herein compared to prior periods.
Outlook, Risks, and Management Commentary
The filing provides no forward-looking guidance, management commentary on business outlook, or discussion of risks and contingencies. The primary content is the tabulation of votes cast by security holders.
Key Facts for Investor Verification
- Director Election Results: Stockholders elected four Class III directors (Scott J. Adelson, Ekpedeme M. Bassey, David A. Preiser, and Robert A. Schriesheim) to serve until the 2024 annual meeting.
- Executive Compensation Vote: The advisory vote on executive compensation was approved with 213,646,687 votes for, 9,523,240 votes against, and 72,167 abstentions.
- Auditor Ratification: Stockholders ratified the appointment of KPMG, LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2022, with 224,002,286 votes for and 1,065,500 votes against.
- Broker Non-Votes: There were 1,855,978 broker non-votes recorded for the director elections and the executive compensation proposal.