Hennessy Advisors Inc 8-K, filed Dec 1, 2021
Hennessy Advisors Inc (HNNA)
About this 8-K
Hennessy Advisors Inc filed this 8-K on December 1, 2021.
Items reported
- Item 5.02: Director or officer change, or executive pay
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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Emerging growth company |
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02(d) Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 1, 2021, the Board of Directors (the “Board”) of Hennessy Advisors, Inc. (the “Company”) increased the size of the Board to 10 members and elected Lydia Knight-O’Riordan as a director to fill the vacancy on the Board, effective December 1, 2021. Ms. Knight-O’Riordan will serve until the annual meeting of shareholders to be held in 2022 and until her successor is duly elected and qualified. The Board has determined that Ms. Knight-O’Riordan is independent within the meaning of Nasdaq Marketplace Rule 5606(a)(2).
Ms. Knight-O’Riordan will receive compensation as a non-management director in accordance with the Company’s non-management director compensation practices as described in the section titled “Corporate Governance Practices–Director Compensation” of the Company’s Annual Meeting Proxy Statement filed with the Securities and Exchange Commission from time to time.
The Company issued a press release announcing Ms. Knight-O’Riordan’s election to the Board. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Item 9.01.Financial Statements and Exhibits
The exhibit listed in the exhibit index below is furnished under Item 2.02 of this Current Report on Form 8-K.
EXHIBIT INDEX
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Description |
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99.1 |
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
HENNESSY ADVISORS, INC.
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December 1, 2021 |
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/s/ Teresa M. Nilsen |
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Teresa M. Nilsen |
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President |
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Hennessy Advisors, Inc. Announces New Independent Board Member
NOVATO, Calif., Dec. 1, 2021 /PRNewswire/ -- Hennessy Advisors, Inc. (the "Company") (Nasdaq: HNNA) today announced that Lydia Knight-O'Riordan has been named to the Company's Board of Directors. Ms. Knight-O'Riordan brings fresh perspective, community involvement, and significant management experience to the Hennessy Board. She has gained a broad range of soft and technical skills as a project manager in her nearly four decades working for Hathaway Dinwiddie.
"We are thrilled to welcome Lydia to our Board," said Neil Hennessy, the Company's Chairman and CEO. "She is an esteemed member of our community and a consummate professional, and we are confident that her high level of ethical standards and unwavering commitment will benefit our Board and the shareholders of Hennessy Advisors," he added.
Ms. Knight-O'Riordan will join the Board as the tenth director and sixth independent director, and she will serve the shareholders of Hennessy Advisors, Inc. alongside Neil Hennessy, Teresa M. Nilsen, President & COO of Hennessy Advisors, Inc., Daniel B. Steadman, EVP of Hennessy Advisors, Inc., and Brian A. Hennessy, as well as independent directors Daniel G. Libarle, Henry C. Hansel, Rodger D. Offenbach, Susan Weber Pomilia, and Thomas L. Seavey.
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty mutual funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy–and–hold philosophy that rejects the idea of market timing.
Supplemental Information
This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to expectations and projections about future events based on currently available information. Forward–looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward–looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or
results to differ substantially from those expressed in, or suggested by, the forward–looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations.
CONTACT: Teresa Nilsen, Hennessy Advisors, Inc., terry@hennessyadvisors.com; 800-966-4354