Company: HLI
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001302215-25-000092
Chunk: 100

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 100
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) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). Based on that evaluation, our chief executive officer and chief financial officer concluded that our disclosure controls and procedures were effective at the reasonable assurance level as of June 30, 2025.

Changes in Internal Control Over Financial Reporting

There was no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) identified in connection with the evaluation of our internal control over financial reporting performed during the fiscal quarter ended June 30, 2025 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II. OTHER INFORMATION

Item 1.    Legal Proceedings

From time to time, we may be subject to legal proceedings and claims in the ordinary course of business. There has been no material change in the nature of our legal proceedings from the descriptions contained in our 2025 Annual Report.

Item 1A.    Risk Factors

There have been no material changes to the risk factors disclosed in our 2025 Annual Report.

Item 2.    Unregistered Sales of Equity Securities and Use of Proceeds

None during the quarter ended June 30, 2025.

Purchases of Equity Securities

The following table summarizes all of the repurchases of Houlihan Lokey, Inc. equity securities, on a trade date basis, during the quarter ended June 30, 2025:

PeriodTotal Number of Shares Purchased Average Price Paid Per ShareTotal Number of Shares Purchased As Part of Publicly Announced Plans or Programs  Approximate Dollar Value of Shares That May Yet Be Purchased Under the Plans or Programs (1)April 1, 2025 - April 30, 2025— $— — $397,724,154 May 1, 2025 - May 30, 2025 (2)762,077 180.08 — 397,724,154 June 1, 2025 - June 30, 2025 (3)1,476 176.96 — 397,724,154 Total 763,553  $181.07 — $397,724,154 

(1)The shares of Class A common stock repurchased through this program have been retired