Company: HLI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001302215-25-000084
Chunk: 43

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 43
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 |     |     — |     | — |     |                                                    1,908 |     |                                       255,825 |
|                      |     |               |     | May 23, 2024 |     |        |     | —                                                                    |     |             |     | — |     |               |     | — |     |        |     |                                                                  |     |             |     | 1,848 |     |   |     |                                                        — |     |                                       247,780 |

(1) For fiscal 2025, the Compensation Committee established a performance-based bonus program pursuant to which our executive officers were eligible to earn awards based on our achievement during fiscal 2025 of revenue equal to or exceeding certain percentages of the average revenue of the Company in fiscal 2022, 2023, and 2024 ($2.00 billion). If the Company achieved 100% of this average revenue, then the maximum bonus pool would be established equal to 4.0% of our revenue earned during fiscal 2025. Our actual revenue for fiscal 2025 was $2.39 billion; therefore, the maximum bonus pool established was $95,576,640. Under our 2025 executive officer bonus program, there was no individual threshold, target, or maximum for any individual executive officer under this program. The amount of the performance-based bonuses actually made to each NEO for fiscal 2025 are presented under the heading “Non-Equity Incentive Compensation” for fiscal 2025 in the Summary Compensation Table above, and the amount of cash and stock comprising each such award are presented in footnote 1 of such Table.

(2) Stock awards presented were granted in fiscal 2025 with respect to fiscal 2024 performance pursuant to our fiscal 2024 executive officer bonus program. As such, in accordance with SEC rules, the value of these awards for Messrs. Adelson, Beiser, Alley, and Gold (who were named executive officers for fiscal 2024) is disclosed under the heading “Non-Equity Incentive Compensation” (and the related footnote) for fiscal 2024 in the Summary Compensation Table. The PSAs are subject to vesting over four years in equal installments on May 15 of each of 2025 - 2028, contingent upon: (a) applicable named executive officer being employed in good standing on such vesting date; and (b) the Company attaining a 7% annual compound growth in total revenue