{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-337079","form_type":"8-K","ticker":"HLI","cik":"0001302215","company_name":"HOULIHAN LOKEY, INC.","filed_at":"2025-12-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:39.055182+00:00","generated_at":"2026-05-16T11:57:47.578526+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"Houlihan Lokey amends voting trust agreement; revises termination and excess share voting","bullets":["Termination provisions revised: trust ends 10 years after all Class B converts or when trust holds <5% of outstanding shares.","If trust holds >30% after conversion, trustees must vote excess shares proportionally with other stockholders.","Former employees not employed for 12+ months may have shares released from trust after conversion date.","Employees may withdraw shares for pledging, hedging, or monetization transactions allowed under insider trading policy.","Special Committee of disinterested directors unanimously approved the amendment."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-337079","json":"https://secwatch.observer/filing/0001193125-25-337079.json","markdown":"https://secwatch.observer/filing/0001193125-25-337079.md","text":"https://secwatch.observer/filing/0001193125-25-337079.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1302215/000119312525337079/0001193125-25-337079-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1302215/000119312525337079/d58863d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:57:47.578526+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":"0ddff59b5fe202532b314ea93a319cf14079741f","claim":"HOULIHAN LOKEY, INC. entered into A&R Voting Trust Agreement with the trustees named therein (effective 2025-12-30).","evidence_excerpt":"On December 30, 2025, Houlihan Lokey, Inc. (the “Company”) entered into an amended and restated voting trust agreement (the “A&R Voting Trust Agreement”), by and among the Company and the trustees named therein (collectively, the “Trustees”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1302215/000119312525337079/0001193125-25-337079-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"the trustees named therein"},{"label":"Effective","value":"2025-12-30"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}