false 0001145255 0001145255 2024-10-30 2024-10-30 0001145255 hnna:CommonStockNoParValueCustomMember 2024-10-30 2024-10-30 0001145255 hnna:NotesDue20264875CustomMember 2024-10-30 2024-10-30
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
 
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported):          October 30, 2024
 
HENNESSY ADVISORS, INC.
 
(Exact name of registrant as specified in its charter)
 
California
001-36423
68-0176227
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
     
7250 Redwood Blvd., Suite 200
              Novato, California
94945
(Address of principal executive offices)
(Zip code)
 
Registrant’s telephone number including area code: (415) 899-1555
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
☐         Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐         Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a‑12)
 
☐         Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐         Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading symbol
Name of each exchange on which registered
Common stock, no par value
HNNA
The Nasdaq Stock Market LLC
4.875% Notes due 2026
HNNAZ
The Nasdaq Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company          ☐
 
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 7.01.         Regulation FD Disclosure
 
On October 30, 2024, Hennessy Advisors, Inc. issued a press release announcing that it had declared a cash dividend of $0.1375 per share on its common stock. The cash dividend is payable November 27, 2024, to shareholders of record at the close of business on November 14, 2024. 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 7.01 of this Current Report on Form 8-K.
 
EXHIBIT INDEX
 
Exhibit
Description
   
99.1
   
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 
 
 
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.
     
October 30, 2024
By:
/s/ Teresa M. Nilsen
Teresa M. Nilsen
President
 
 

Exhibit 99.1

 

 

ha01.jpg

 

 

Media Contacts:  
Teresa Nilsen Hibre Teklemariam
Hennessy Advisors, Inc. SunStar Strategic
Terry@hennessyadvisors.com; 800-966-4354 HTeklemariam@sunstarstrategic.com; 703-894-1057

                                                                
                                             

FOR IMMEDIATE RELEASE

Hennessy Advisors, Inc. Announces Dividend

 

 

October 30, 2024, Novato, CA - The Board of Directors of Hennessy Advisors, Inc. (NASDAQ: HNNA) today declared a quarterly dividend of $0.1375 per share to be paid on November 27, 2024, to shareholders of record as of November 14, 2024, which represents an annualized dividend yield of 5.28%.*

 

“This year marks the second decade of consistently paying a dividend to our shareholders. Our dividend is well supported by both earnings and cash flow and reflects our core commitment that our shareholders are our top priority,” said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc.

 

*

Based on the closing stock price of $10.41 on October 29, 2024, and an annualized dividend of $0.55 per share.

 

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 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

Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of 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.

 

 
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Document And Entity Information
Oct. 30, 2024
Document Information [Line Items]  
Entity, Registrant Name HENNESSY ADVISORS, INC.
Document, Type 8-K
Document, Period End Date Oct. 30, 2024
Entity, Incorporation, State or Country Code CA
Entity, File Number 001-36423
Entity, Tax Identification Number 68-0176227
Entity, Address, Address Line One 7250 Redwood Blvd., Suite 200
Entity, Address, City or Town Novato
Entity, Address, State or Province CA
Entity, Address, Postal Zip Code 94945
City Area Code 415
Local Phone Number 899-1555
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity, Emerging Growth Company false
Amendment Flag false
Entity, Central Index Key 0001145255
CommonStockNoParValue Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common stock, no par value
Trading Symbol HNNA
Security Exchange Name NASDAQ
NotesDue20264875 Custom [Member]  
Document Information [Line Items]  
Title of 12(b) Security 4.875% Notes due 2026
Trading Symbol HNNAZ
Security Exchange Name NASDAQ
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