---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-029760"
form_type: "8-K"
ticker: "HNNA"
cik: "0001145255"
company_name: "HENNESSY ADVISORS INC"
filed_at: "2024-09-20T23:59:59+00:00"
generated_at: "2026-05-31T02:43:06.339668+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Hennessy Advisors reduces CEO bonus to 5% of profits; raises President Nilsen's bonus and salary

## Summary
- CEO Neil Hennessy's quarterly bonus reduced from 6.5% to 5.0% of adjusted pre-tax profit effective Oct 1, 2024.
- President Teresa Nilsen's quarterly bonus increased from 3.5% to 5.0% of adjusted pre-tax profit; base salary raised to $375,000.
- CFO Kathryn Fahy's annual base salary adjusted to $275,000 effective Oct 1, 2024.

## SEC filing metadata
- accession: 0001437749-24-029760
- form_type: 8-K
- ticker: HNNA
- cik: 0001145255
- company_name: HENNESSY ADVISORS INC
- filed_at: 2024-09-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1145255/000143774924029760/0001437749-24-029760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1145255/000143774924029760/hnna20240919_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-029760
- JSON: https://secwatch.observer/filing/0001437749-24-029760.json
- Plain text: https://secwatch.observer/filing/0001437749-24-029760.txt

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