secwatch.observer — SEC 8-K summary
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Issuer:     HENNESSY ADVISORS INC (HNNA)
CIK:        0001145255
Form:       8-K
Filed at:   2024-09-20T23:59:59+00:00
Accession:  0001437749-24-029760
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145255/000143774924029760/0001437749-24-029760-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145255/000143774924029760/hnna20240919_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-029760

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