---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015366"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:44:10.249822+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hennessy Advisors Q2 EPS up 25% to $0.20; revenue up 17% to $6.9M; declares $0.1375 dividend

## Summary
- Net income $1.5M, up 29% YoY; diluted EPS $0.20 vs $0.16.
- Total revenue $6.9M, up 17%; AUM $3.9B, up 36% YoY.
- Quarterly dividend $0.1375/sh, payable June 5, 2024; annualized yield 8.3%.
- Completed Community Capital Management transaction adding $70M AUM.
- Cash net of debt $19.3M, up 10%; average AUM $3.5B, up 16%.

## SEC filing metadata
- accession: 0001437749-24-015366
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000143774924015366/0001437749-24-015366-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000143774924015366/hnna20240502_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015366
- JSON: https://secwatch.observer/filing/0001437749-24-015366.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015366.txt

## Key facts
- Earnings Releases
  HENNESSY ADVISORS INC reported its second fiscal quarter of 2024, which ended March 31, 2024 results: revenue $6,939,977, net income $1,539,823, EPS $0.20.
  - Period: its second fiscal quarter of 2024, which ended March 31, 2024
  - Revenue: $6,939,977
  - Net income: $1,539,823
  - EPS: $0.20
  - Result: reported results
  source text: of 36%. ● Cash and cash equivalents, net of gross debt, of $19.3 million, an increase of 10%. Three Months Ended March 31, Change 2024 2023 Dollar Percent Total Revenue $ 6,939,977 $ 5,915,644 $ 1,024,333 17.3 % Net Income 1,539,823 1,194,430 345,393 28.9 % Earnings Per Share (Diluted) 0.20 0.16 0.04 25.0 % Weighted Average Number of Shares Outstanding
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145255/000143774924015366/0001437749-24-015366-index.htm
- Governance Changes
  HENNESSY ADVISORS INC: Board adopted Sixth Amended and Restated Bylaws updating advance notice provisions, universal proxy rules, electronic participation, and clerical edits (effective 2024-05-08).
  - Change: bylaw amendment
  - Effective: 2024-05-08
  source text: Effective as of May 8, 2024, the Board of Directors adopted the Sixth Amended and Restated Bylaws of the Company (the “ Bylaws ”). The amendments were made to (1) update and expand the procedural and informational requirements for director nominations and other proposals submitted by shareholders under the Company’s “advance notice” provisions, including updates to reflect the adoption of “universal proxy” rules by the Securities and Exchange Commission as set forth in Rule 14a‐19 under the Securities Exchange Act of 1934, as amended, (2) conform to recent revisions to the California Corporations Code with respect to participating in a Board meeting through electronic communication methods, and (3) make other minor clerical edits.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1145255/000143774924015366/0001437749-24-015366-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.