Business Context and Reporting Period
This Form 8-K reports on the Annual Meeting of Security Holders for Hennessy Advisors, Inc., held on February 13, 2025. The company is incorporated in California and trades on The Nasdaq Stock Market LLC under the symbols HNNA (Common Stock) and HNNAZ (4.875% Notes due 2026).
Key Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity metrics. This report focuses exclusively on corporate governance voting results.
Material Changes and Voting Results
Election of Directors
Eight directors were elected for terms expiring in 2026. All nominees received significant majority support, though two directors received notable "withheld" votes:
- Neil J. Hennessy: 4,401,276 For; 9,057 Withheld.
- Teresa M. Nilsen: 4,401,921 For; 8,412 Withheld.
- Henry Hansel: 4,040,835 For; 369,498 Withheld.
- Brian A. Hennessy: 4,376,480 For; 33,853 Withheld.
- Lydia Knight-O'Riordan: 4,385,434 For; 24,899 Withheld.
- Kiera Newton: 4,393,852 For; 16,481 Withheld.
- Susan W. Pomilia: 4,390,723 For; 19,610 Withheld.
- Thomas L. Seavey: 4,040,585 For; 369,748 Withheld.
There were 1,454,998 broker non-votes for all director elections.
Ratification of Auditors
Shareholders ratified the selection of CBIZ CPAs P.C. as the independent registered public accounting firm for fiscal year 2025.
- For: 5,819,711
- Against: 38,597
- Abstained: 7,023
- Broker Non-votes: 0
Guidance, Outlook, and Risks
The filing text does not provide a clear value for guidance, outlook, management commentary, risks, contingencies, or unusual items.
Investor Verification Checklist
- Verify the total number of shares outstanding to calculate the percentage of votes withheld for Henry Hansel and Thomas L. Seavey.
- Confirm the specific responsibilities of the newly ratified auditor, CBIZ CPAs P.C., for the 2025 fiscal year.
- Review the company's proxy statement for the 2025 Annual Meeting to understand the context behind the withheld votes for specific directors.