Business Context and Reporting Period
This Form 8-K Current Report was filed by Hennessy Advisors, Inc. on February 28, 2002, regarding events occurring on that date. The company is incorporated in California and is headquartered in Novato, California.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses on a corporate structural change rather than periodic financial performance data.
Material Changes
On February 28, 2002, Hennessy Advisors, Inc. completed the merger of two partnerships: Hennessy Management Co., L.P. and Hennessy Management Company 2, L.P. Hennessy Advisors, Inc. served as the general partner for these entities and is the surviving entity in the merger.
- Exchange Ratio: Limited partners in the partnerships received one share of Hennessy Advisors, Inc. common stock for each $10 of capital invested in each partnership.
- Reference: The merger details were previously described in the company's Registration Statement on Form SB-2 (Registration No. 333-66970) filed on August 6, 2001.
Guidance, Outlook, and Risks
The filing does not contain management commentary, future guidance, outlook, or specific risk factors related to the merger. Financial statements for the partnerships are incorporated by reference from the Form SB-2 Registration Statement.
Investor Verification Checklist
- Verify the total number of shares issued to limited partners based on the $10 capital exchange ratio.
- Review the Registration Statement on Form SB-2 (No. 333-66970) for the full financial statements of the merged partnerships.
- Confirm the post-merger capital structure and any dilution effects on existing Hennessy Advisors, Inc. shareholders.