{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-020553","form_type":"8-K","ticker":"HNNA","cik":"0001145255","company_name":"HENNESSY ADVISORS INC","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.065050+00:00","generated_at":"2026-06-15T05:51:59.620912+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hennessy Advisors Q2 revenue down 24%, EPS down 29%; declares dividend; signs $70M AUM acquisition","bullets":["Total revenue $5.9M (-24% YoY); net income $1.2M (-26%); diluted EPS $0.15 (-29%).","Average AUM $3.0B (-22%); total AUM $2.8B (-25%).","Quarterly dividend $0.1375/share, payable June 5, 2023, annualized yield 7.7%.","Definitive agreement to acquire ~$70M AUM (CCM Equity Funds), pending shareholder approval.","Cash net of debt $17.6M, up 13% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-020553","json":"https://secwatch.observer/filing/0000950170-23-020553.json","markdown":"https://secwatch.observer/filing/0000950170-23-020553.md","text":"https://secwatch.observer/filing/0000950170-23-020553.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1145255/000095017023020553/0000950170-23-020553-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1145255/000095017023020553/hnna-20230510.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T05:51:59.620912+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"13fc552a52c13f0aacd09f88c4adc553b744d442","claim":"HENNESSY ADVISORS INC reported second fiscal quarter of 2023, which ended March 31, 2023 results: revenue $5.9 million, net income $1.2 million, EPS $0.15.","evidence_excerpt":"to grow, increasing over 13% in the last twelve months,\" she added. Financial Highlights (compared to the prior comparable quarter ended March 31, 2022): Total revenue of $5.9 million, a decrease of 24%. Net income of $1.2 million, a decrease of 26%. Fully diluted earnings per share of $0.15, a decrease of 29%. Average assets under management, upon which","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1145255/000095017023020553/0000950170-23-020553-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second fiscal quarter of 2023, which ended March 31, 2023"},{"label":"Revenue","value":"$5.9 million"},{"label":"Net income","value":"$1.2 million"},{"label":"EPS","value":"$0.15"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}