Material Event - Form 8-K

On April 30, 2024, Houlihan Lokey, Inc. (the "Company") filed with the Securities and Exchange Commission a prospectus supplement pursuant to Rule 424(b) under the Securities Act of 1933, as amended, relating to the possible resale of up to 100,960 shares of the Company's Class A common stock, $0.001 par value per share ( "Class A common stock") issued, or issuable upon conversion of shares of the Company's Class B common stock, $0.001 par value per share ( "Class B common stock") in connection with the Company's acquisition in April 2024 of Triago Management Development, a company (société par actions simplifiée) organized under the laws of France. The 100,960 shares of Class A common stock consist of (i) 91,656 shares of Class A common stock issued to a selling stockholder, (ii) 6,304 shares of Class A common stock issuable upon conversion of a like number of shares of Class B common stock issued to a selling stockholder and (iii) up to 3,000 shares of Class A common stock issuable to a selling stockholder upon the attainment of certain post-closing performance targets. The Company is filing as Exhibit 5.1 to this Current Report on Form 8-Kan opinion of its counsel, Latham & Watkins LLP, regarding certain Delaware law issues concerning the shares of Class A common stock that may be offered and sold pursuant to the prospectus supplement and the accompanying prospectus.

This Current Report shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.