secwatch.observer — SEC 8-K summary
======================================

Issuer:     HOULIHAN LOKEY, INC. (HLI)
CIK:        0001302215
Form:       8-K/A
Filed at:   2023-05-25T23:59:59+00:00
Accession:  0001193125-23-154264
Event type: regulatory
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Houlihan Lokey records $15M SEC settlement accrual; revises Q4/FY2023 GAAP EPS down
--------------------------------------------------------------------------------

- SEC investigation for off-channel communications; $15M civil penalty intended
- Q4 GAAP net income reduced from $75M to $60M; diluted EPS from $1.10 to $0.88
- FY2023 GAAP net income reduced from $269M to $254M; diluted EPS from $3.98 to $3.76
- Adjusted EPS unchanged at $1.11 Q4 and $4.54 FY; revenue unchanged at $445M Q4, $1.8B FY
- Settlement in line with industry sweep; 14 firms previously settled for $7.5M-$125M each

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302215/000119312523154264/0001193125-23-154264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302215/000119312523154264/d455729d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-154264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer