Company: HLI
Filing Date: 2025-07-25
Form Type: DEF 14A
Source: 0001302215-25-000084
Chunk: 34

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-07-25
Form: DEF 14A
Chunk 34
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 component of compensation commensurate with the executive’s skill set, experience, role and responsibilities, and are reviewed periodically by the Compensation Committee. Historically, salaries have represented the smallest portion of our named executive officers’ compensation. For fiscal 2025, based on input from its compensation consultant, the Compensation Committee decided to increase each of Mr. Alley’s and Mr. Crain’s base salary from $400,000 to $500,000 in order to better align their salary with those holding comparable positions in our peer firms. Furthermore, the Compensation Committee determined that it was appropriate to maintain the salaries of each of the remaining NEOs at the same amounts that were paid in fiscal 2024, which enables the Compensation Committee to better align total compensation with performance through changes to annual incentive compensation. The salaries paid to our NEOs for fiscal 2025 are included in the Summary Compensation Table below.

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#### Annual Incentive Compensation
For fiscal 2025, the Compensation Committee established a performance-based bonus program pursuant to which our executive officers, including our named executive officers, were eligible to earn awards based on our achievement during fiscal 2025 of revenue equal to or exceeding certain thresholds based on the average revenue of the Company in fiscal 2022, 2023 and 2024 ($2.00 billion) (“Three Year Average Revenue”), as follows:

• If the Company earned fiscal 2025 revenue equal to or exceeding 60%, but less than 70% of Three Year Average Revenue, then a bonus pool would be established equal to 2.0% of our revenue earned during fiscal 2025.

• If the Company earned fiscal 2025 revenue equal to or exceeding 70%, but less than 80% of Three Year Average Revenue, then a bonus pool would be established equal to 2.5% of our revenue earned during fiscal 2025.

• If the Company earned fiscal 2025 revenue equal to or exceeding 80%, but less than 90% of Three Year Average Revenue, then a bonus pool would be established equal to 3.0% of our revenue earned during fiscal 2025.

• If the Company earned fiscal 2025 revenue equal to or exceeding 90%, but less than 100% of Three Year Average Revenue, then a bonus pool would be established equal to 3.5% of our revenue earned during fiscal 2025.

• If the Company earned fiscal 2025 revenue equal to or exceeding 100% of Three Year Average Revenue,