Houlihan Lokey Management

Management criteria checks 3/4

Houlihan Lokey's CEO is Scott Adelson, appointed in Jun 2024, has a tenure of less than a year. total yearly compensation is $4.50M, comprised of 11.1% salary and 88.9% bonuses, including company stock and options. directly owns 1.27% of the company’s shares, worth €146.77M. The average tenure of the management team and the board of directors is 0.5 years and 5.6 years respectively.

Key information

Scott Adelson

Chief executive officer

US$4.5m

Total compensation

CEO salary percentage	11.1%
CEO tenure	less than a year
CEO ownership	1.3%
Management average tenure	less than a year
Board average tenure	5.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Scott Adelson's remuneration changed compared to Houlihan Lokey's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$334m
Jun 30 2024	n/a	n/a	US$308m
Mar 31 2024	US$5m	US$500k	US$280m
Dec 31 2023	n/a	n/a	US$259m
Sep 30 2023	n/a	n/a	US$251m
Jun 30 2023	n/a	n/a	US$245m
Mar 31 2023	US$7m	US$500k	US$254m
Dec 31 2022	n/a	n/a	US$260m
Sep 30 2022	n/a	n/a	US$370m
Jun 30 2022	n/a	n/a	US$423m
Mar 31 2022	US$25m	US$500k	US$438m
Dec 31 2021	n/a	n/a	US$472m
Sep 30 2021	n/a	n/a	US$417m
Jun 30 2021	n/a	n/a	US$353m
Mar 31 2021	US$13m	US$500k	US$313m
Dec 31 2020	n/a	n/a	US$272m
Sep 30 2020	n/a	n/a	US$203m
Jun 30 2020	n/a	n/a	US$187m
Mar 31 2020	US$8m	US$500k	US$184m
Dec 31 2019	n/a	n/a	US$170m
Sep 30 2019	n/a	n/a	US$165m
Jun 30 2019	n/a	n/a	US$172m
Mar 31 2019	US$10m	US$400k	US$159m
Dec 31 2018	n/a	n/a	US$152m
Sep 30 2018	n/a	n/a	US$169m
Jun 30 2018	n/a	n/a	US$163m
Mar 31 2018	US$11m	US$400k	US$172m

Compensation vs Market: Scott's total compensation ($USD4.50M) is about average for companies of similar size in the German market ($USD4.86M).

Compensation vs Earnings: Scott's compensation has been consistent with company performance over the past year.

CEO

Scott Adelson (63 yo)

less than a year

Tenure

US$4,500,000

Compensation

Mr. Scott Joseph Adelson is Chief Executive Officer of Houlihan Lokey, Inc. since June 10, 2024 and had been its Co-President since April 17, 2013 until June 10, 2024 and also served as its Senior Managing...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Irwin Gold	Co-Chairman & Chairman of the Board	30.9yrs	US$4.50m	1.57% € 181.8m
Scott Adelson	CEO & Director	less than a year	US$4.50m	1.27% € 146.8m
Scott Beiser	Co-Chairman & Director	less than a year	US$6.50m	1.2% € 139.0m
J. Alley	MD & CFO	12yrs	US$2.75m	0.097% € 11.2m
Todd Carter	MD & Director	2.6yrs	no data	0.15% € 16.9m
Paul Siegert	Co-Chairman	less than a year	no data	0.60% € 69.0m
Craig Tessimond	Managing Director	no data	no data	no data
Nana Kyei	Managing Director of Technology Group	less than a year	no data	no data
Jacques Cornet	Investor Relations Professional	no data	no data	no data
Christopher Crain	MD, General Counsel & Secretary	20.3yrs	no data	0.074% € 8.6m
Charles Yamarone	Chief Corporate Governance & Compliance Officer	no data	no data	no data
Jeffrey Werbalowsky	Senior Managing Director	no data	no data	no data

0.5yrs

Average Tenure

62.5yo

Average Age

Experienced Management: 2HL's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Irwin Gold	Co-Chairman & Chairman of the Board	30.9yrs	US$4.50m	1.57% € 181.8m
Scott Adelson	CEO & Director	9.9yrs	US$4.50m	1.27% € 146.8m
Scott Beiser	Co-Chairman & Director	33.9yrs	US$6.50m	1.2% € 139.0m
Todd Carter	MD & Director	2.6yrs	no data	0.15% € 16.9m
Paul Siegert	Co-Chairman	less than a year	no data	0.60% € 69.0m
Robert Schriesheim	Lead Independent Director	9.9yrs	US$208.26k	0.046% € 5.4m
Jacqueline Kosecoff	Independent Director	9.9yrs	US$178.74k	0.021% € 2.5m
Matthias Wissmann	Member of International Advisory Board	3.4yrs	no data	no data
Paul Zuber	Independent Director	6.2yrs	US$178.74k	0.0081% € 940.9k
Cyrus Walker	Independent Director	4.1yrs	US$187.24k	0.0077% € 898.1k
Gillian Zucker	Independent Director	5.1yrs	US$187.24k	0.0089% € 1.0m
Ekpedeme Bassey	Independent Director	4.1yrs	US$178.74k	0.0073% € 844.8k

5.6yrs

Average Tenure

63yo

Average Age

Experienced Board: 2HL's board of directors are considered experienced (5.6 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 17:54
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Houlihan Lokey, Inc. is covered by 16 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Michael Needham	BofA Global Research
James Mitchell	Buckingham Research Group Inc.
James Yaro	Goldman Sachs

Houlihan Lokey Management

Management criteria checks 3/4

Key information

Recent management updates

Houlihan Lokey, Inc. Appoints Brad Boggess as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc. Appoints Nana Kyei as Managing Director

Houlihan Lokey Appoints Clinton Miyazono as Managing Director in Its Capital Markets Group

High number of new directors

Houlihan Lokey, Inc. Appoints Joy Sioufi as Managing Director

Houlihan Lokey, Inc. Appoints Geoff Rhizor as Managing Director

Recent updates

Houlihan Lokey, Inc. Appoints Brad Boggess as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc. Appoints Nana Kyei as Managing Director

Second quarter dividend of US$0.57 announced

Houlihan Lokey, Inc. Declares Quarterly Cash Dividend, Payable on December 15, 2024

Second quarter 2025 earnings released: EPS: US$1.42 (vs US$1.04 in 2Q 2024)

Houlihan Lokey, Inc. (NYSE:HLI) acquired Prytania Solutions Limited.

Houlihan Lokey Appoints Clinton Miyazono as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc. to Report Q2, 2025 Results on Oct 30, 2024

High number of new directors

Houlihan Lokey, Inc. Appoints Joy Sioufi as Managing Director

Upcoming dividend of US$0.57 per share

Houlihan Lokey, Inc. Appoints Geoff Rhizor as Managing Director

Houlihan Lokey, Inc. (NYSE:HLI) agreed to acquire Waller Helms Advisors for approximately $180 million.

Houlihan Lokey, Inc. (NYSE:HLI) agreed to acquire Waller Helms Advisors.

Houlihan Lokey, Inc. Announces Andrew Atherton Joins Fintech Group as a Managing Director

First quarter dividend of US$0.57 announced

First quarter 2025 earnings released: EPS: US$1.37 (vs US$0.96 in 1Q 2024)

Houlihan Lokey, Inc. Declares Regular Quarterly Cash Dividend of Class A and Class B Common Stock, Payable on September 15, 2024

Houlihan Lokey, Inc., Annual General Meeting, Sep 18, 2024

Houlihan Lokey, Inc. to Report Q1, 2025 Results on Jul 30, 2024

Now 22% overvalued after recent price rise

Now 22% overvalued after recent price rise

Houlihan Lokey, Inc. Appoints Kenny Kraft as Consumer, Food & Retail Group as Managing Director

Now 21% overvalued after recent price rise

Now 21% overvalued after recent price rise

Upcoming dividend of US$0.57 per share

Houlihan Lokey, Inc. Appoints Vieri Betti Guaraldi as Managing Director in Its Capital Markets Group

Fourth quarter dividend of US$0.57 announced

Houlihan Lokey, Inc. Declares A Regular Quarterly Cash Dividend of Class A and Class B Common Stock, Payable on June 15, 2024

Full year 2024 earnings released: EPS: US$4.36 (vs US$4.01 in FY 2023)

Houlihan Lokey, Inc. Hires Scott Kirkby as Managing Director, European Financial Services and Technology Team

Houlihan Lokey, Inc. Appoints Erik Kistler as Managing Director

Now 20% overvalued after recent price rise

Houlihan Lokey, Inc. Announces Directorate Appointments

Houlihan Lokey, Inc. to Report Q4, 2024 Results on May 08, 2024

Houlihan Lokey, Inc. Appoints Ashish Patel as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc Announces Management Appointments

Houlihan Lokey, Inc. Appoints Abhishek Jain as a Managing Director in its Transaction Advisory Services Practice

Houlihan Lokey, Inc. Appoints Val Shapiro to its Financial Sponsors Group as Managing Director

Brent Shepherd Joins as Managing Director in its Capital Markets Group of Houlihan Lokey, Inc

Houlihan Lokey, Inc. Announces Chief Executive Officer Changes

Upcoming dividend of US$0.55 per share

Third quarter dividend of US$0.55 announced

Third quarter 2024 earnings released: EPS: US$1.10 (vs US$0.99 in 3Q 2023)

Houlihan Lokey, Inc. Declares A Regular Quarterly Cash Dividend of Class A and Class B Common Stock, Payable on March 15, 2024

Houlihan Lokey, Inc. Appoints Michael Hommeyer as Managing Director in Its Capital Markets Group

Houlihan Lokey, Inc. to Report Q3, 2024 Results on Feb 01, 2024

Houlihan Lokey, Inc. Expands Healthcare Group with Two Senior Hires

Houlihan Lokey, Inc. (NYSE:HLI) signed a definitive agreement to acquire Triago Management Development S.A.R.L.

Houlihan Lokey, Inc. (NYSE:HLI) signed a definitive agreement to acquire Triago Management Development S.A.R.L.

Houlihan Lokey, Inc. Announces Management Changes

Houlihan Lokey, Inc. Appoints Rob Kordas as Managing Director in Its Industrials Group

Upcoming dividend of US$0.55 per share at 2.1% yield

Houlihan Lokey, Inc. Appoints Kartik Sudeep as A Managing Director to Financial Technology Group

Houlihan Reportedly in Talks to Acquire Triago

Houlihan Lokey, Inc. Declares Quarterly Cash Dividend on Class A and Class B Common Stock, Payable on December 15, 2023

Second quarter 2024 earnings released: EPS: US$1.04 (vs US$0.96 in 2Q 2023)

Houlihan Lokey, Inc. to Report Q2, 2024 Results on Oct 26, 2023

Houlihan Lokey, Inc. Announces Appointment of Julia Perroni as Managing Director in its Capital Markets Group

Houlihan Lokey Launches Sustainability Advisory Services Practice

Upcoming dividend of US$0.55 per share at 2.2% yield

Houlihan Lokey, Inc., Annual General Meeting, Sep 20, 2023

Houlihan Lokey, Inc. Declares Regular Quarterly Cash Dividend of Class A and Class B Common Stock, Payable on September 15, 2023

First quarter 2024 earnings released: EPS: US$0.96 (vs US$1.12 in 1Q 2023)

Houlihan Lokey, Inc. Appoints Jonathan Jameson as Managing Director of Private Funds Group

Houlihan Lokey, Inc. to Report Q1, 2024 Results on Jul 27, 2023

Houlihan Lokey, Inc. (NYSE:HLI) entered into an agreement to acquire 7 Mile Advisors, LLC.

Houlihan Lokey, Inc.(NYSE:HLI) dropped from Russell 2000 Growth-Defensive Index

Upcoming dividend of US$0.55 per share at 2.5% yield