SEC Filing Summary: Houlihan Lokey, Inc. (HLI)
Business Context and Reporting Period
This Form 8-K Current Report was filed by Houlihan Lokey, Inc. on August 13, 2026. The filing addresses "Other Events" (Item 8.01) regarding the registration of securities for resale by former members of acquired entities. The company is a Delaware corporation with its principal executive offices in Los Angeles, California.
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 securities registration and does not contain financial performance data.
Material Changes and Events
The primary event reported is the filing of a prospectus supplement under Rule 424(b) to register the potential resale of Class A common stock by sellers from two prior acquisitions:
- Waller Helms Acquisition (Dec 2024): Registration of up to 255,422 shares of Class A common stock issuable upon conversion of Class B stock held by former members of Waller Helms Advisors LLC. These shares were issued at closing and upon attainment of performance targets on January 20, 2026.
- 7MA Acquisition (Dec 2023): Registration of up to 109,656 shares of Class A common stock issuable upon conversion of Class B stock held by former members of 7 Mile Advisors, LLC. This includes shares issued at closing, upon attainment of performance targets on January 27, 2026, and shares issued on December 26, 2025, from the conversion of convertible notes.
The securities were previously registered under a Form S-3 filed in August 2023, which was replaced by a new Form S-3 filed on August 10, 2026.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. The document includes a standard legal disclaimer stating that the report does not constitute an offer to sell or a solicitation of an offer to buy securities in any state where such offer would be unlawful prior to registration. An opinion of counsel (Latham & Watkins LLP) regarding Delaware law issues is included as an exhibit.
Investor Verification Checklist
- Verify the total number of shares registered for resale (365,078 shares total) and their impact on potential dilution.
- Confirm the status of the new Registration Statement on Form S-3 (File No. 333-298200) filed on August 10, 2026.
- Review the specific performance targets attained in January 2026 that triggered the issuance of additional shares to Waller Helms and 7MA sellers.
- Check for any subsequent filings regarding the actual sale of these registered shares.