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Compiled from SEC Form N-PX filings and Houlihan Lokey, Inc.’s Form 8-K, filed September 19, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of September 17, 2025: 5 items on Houlihan Lokey, Inc.’s Form 8-K, filed September 19, 2025: 5 without a stated outcome.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
Explore Houlihan Lokey, Inc. in the interactive database Compare manager voting policies
These tallies are Houlihan Lokey, Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed September 19, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Scott L. Beiser | 190,098,660 | -- | -- | 19,652,037 | 2,100,021 | 91% | Not verified | — |
| Elect Director: Todd J. Carter | 190,572,180 | -- | -- | 19,178,517 | 2,100,021 | 91% | Not verified | — |
| Elect Director: Paul A. Zuber | 184,094,657 | -- | -- | 25,656,040 | 2,100,021 | 88% | Not verified | — |
| 2. Approval of Non-Binding, Advisory Vote on Executive Compensation | 201,286,055 | 8,431,930 | 32,712 | -- | 2,100,021 | 96% | Not verified | — |
| 3. Ratification of Independent Registered Public Accounting Firm | 210,493,516 | 1,332,861 | 24,341 | -- | 0 | 99.3% | Not verified | — |
Source: Houlihan Lokey, Inc., Form 8-K, filed with the SEC on September 19, 2025 — read the filing on EDGAR.
Each item below shows how the 517 asset managers that disclosed a Houlihan Lokey, Inc. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.
Combines 10 wordings of this item as funds reported it.
88% Majority: yes · of votes cast
Description as filed by funds: To elect three Class I directors to our board of directors: Paul A. Zuber
Houlihan Lokey, Inc.’s own tally for this item (“Elect Director: Paul A. Zuber”): 184,094,657 for, 25,656,040 withheld, per its Form 8-K filed September 19, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 88% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 134 asset managers below reported 15,136,257 for, 13,917 against, 10,487,652 withheld, 21 abstained, 42 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,793,765 | 0 | 21 | 1,056 | For |
| BlackRock | 3,226,933 | 0 | 0 | 0 | For |
| Fidelity | 1,658,928 | 0 | 0 | 876,312 | Mixed |
| Virtus | 0 | 0 | 0 | 1,252,774 | Withhold |
| AMCAP FUND | 1,207,884 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 0 | 0 | 950,000 | Withhold |
| Invesco | 0 | 0 | 0 | 780,188 | Withhold |
| HARBOR FUNDS | 0 | 0 | 0 | 612,547 | Withhold |
| Charles Schwab | 272 | 0 | 0 | 587,154 | Withhold |
| Prudential/PGIM | 521,988 | 0 | 0 | 1,156 | For |
| CARILLON SERIES TRUST | 0 | 0 | 0 | 465,427 | Withhold |
| State Street | 885 | 0 | 0 | 449,375 | Withhold |
| Neuberger Berman | 425,479 | 0 | 0 | 0 | For |
| First Trust | 0 | 0 | 0 | 409,936 | Withhold |
| Thrivent | 0 | 0 | 0 | 399,562 | Withhold |
| Capital Group | 398,058 | 0 | 0 | 0 | For |
| FMI FUNDS INC | 395,000 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 0 | 0 | 384,151 | Withhold |
| TRUST FOR PROFESSIONAL MANAGERS | 7,046 | 0 | 0 | 348,391 | Withhold |
| AllianceBernstein | 0 | 0 | 0 | 240,148 | Withhold |
| Advisors' Inner Circle Fund II | 225,000 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 0 | 0 | 0 | 224,061 | Withhold |
| MUTUAL FUND SERIES TRUST | 199,598 | 0 | 0 | 874 | For |
| Jackson National | 20,000 | 0 | 0 | 158,329 | Mixed |
| Bridge Builder Trust | 149,724 | 0 | 0 | 21,444 | Mixed |
Showing the 25 largest of 134 asset managers. See all 134 in the interactive database.
Combines 10 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: To elect three Class I directors to our board of directors: Scott L. Beiser
Houlihan Lokey, Inc.’s own tally for this item (“Elect Director: Scott L. Beiser”): 190,098,660 for, 19,652,037 withheld, per its Form 8-K filed September 19, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 134 asset managers below reported 16,859,596 for, 13,917 against, 8,764,317 withheld, 17 abstained, 42 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,793,769 | 0 | 17 | 1,056 | For |
| BlackRock | 3,226,933 | 0 | 0 | 0 | For |
| Fidelity | 1,043,725 | 0 | 0 | 1,491,515 | Mixed |
| Virtus | 0 | 0 | 0 | 1,252,774 | Withhold |
| AMCAP FUND | 1,207,884 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 0 | 0 | 950,000 | Withhold |
| Invesco | 780,188 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 0 | 0 | 0 | 612,547 | Withhold |
| Charles Schwab | 587,426 | 0 | 0 | 0 | For |
| Prudential/PGIM | 521,988 | 0 | 0 | 1,156 | For |
| CARILLON SERIES TRUST | 0 | 0 | 0 | 465,427 | Withhold |
| State Street | 446,320 | 0 | 0 | 3,940 | For |
| Neuberger Berman | 425,479 | 0 | 0 | 0 | For |
| First Trust | 0 | 0 | 0 | 409,936 | Withhold |
| Thrivent | 0 | 0 | 0 | 399,562 | Withhold |
| Capital Group | 398,058 | 0 | 0 | 0 | For |
| FMI FUNDS INC | 395,000 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 0 | 0 | 384,151 | Withhold |
| TRUST FOR PROFESSIONAL MANAGERS | 7,046 | 0 | 0 | 348,391 | Withhold |
| AllianceBernstein | 0 | 0 | 0 | 240,148 | Withhold |
| Advisors' Inner Circle Fund II | 225,000 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 224,061 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 199,598 | 0 | 0 | 874 | For |
| Jackson National | 20,000 | 0 | 0 | 158,329 | Mixed |
| Bridge Builder Trust | 149,724 | 0 | 0 | 21,444 | Mixed |
Showing the 25 largest of 134 asset managers. See all 134 in the interactive database.
Combines 10 wordings of this item as funds reported it.
91% Majority: yes · of votes cast
Description as filed by funds: To elect three Class I directors to our board of directors: Todd J. Carter
Houlihan Lokey, Inc.’s own tally for this item (“Elect Director: Todd J. Carter”): 190,572,180 for, 19,178,517 withheld, per its Form 8-K filed September 19, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 91% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.
The 134 asset managers below reported 16,404,315 for, 13,917 against, 9,219,599 withheld, 16 abstained, 42 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,794,826 | 0 | 16 | 0 | For |
| BlackRock | 3,226,933 | 0 | 0 | 0 | For |
| Fidelity | 1,043,725 | 0 | 0 | 1,491,515 | Mixed |
| Virtus | 0 | 0 | 0 | 1,252,774 | Withhold |
| AMCAP FUND | 1,207,884 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 0 | 0 | 0 | 950,000 | Withhold |
| Invesco | 0 | 0 | 0 | 780,188 | Withhold |
| HARBOR FUNDS | 0 | 0 | 0 | 612,547 | Withhold |
| Charles Schwab | 587,426 | 0 | 0 | 0 | For |
| Prudential/PGIM | 521,988 | 0 | 0 | 1,156 | For |
| CARILLON SERIES TRUST | 0 | 0 | 0 | 465,427 | Withhold |
| State Street | 446,320 | 0 | 0 | 3,940 | For |
| Neuberger Berman | 425,479 | 0 | 0 | 0 | For |
| First Trust | 0 | 0 | 0 | 409,936 | Withhold |
| Thrivent | 0 | 0 | 0 | 399,562 | Withhold |
| Capital Group | 398,058 | 0 | 0 | 0 | For |
| FMI FUNDS INC | 395,000 | 0 | 0 | 0 | For |
| T. Rowe Price | 0 | 0 | 0 | 384,151 | Withhold |
| TRUST FOR PROFESSIONAL MANAGERS | 7,046 | 0 | 0 | 348,391 | Withhold |
| AllianceBernstein | 0 | 0 | 0 | 240,148 | Withhold |
| Advisors' Inner Circle Fund II | 225,000 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 224,061 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 199,598 | 0 | 0 | 874 | For |
| Jackson National | 105,554 | 0 | 0 | 72,775 | Mixed |
| Bridge Builder Trust | 149,724 | 0 | 0 | 21,444 | Mixed |
Showing the 25 largest of 134 asset managers. See all 134 in the interactive database.
Combines 3 wordings of this item as funds reported it.
96% Majority: yes · of votes cast
Description as filed by funds: To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the accompany Proxy Statement.
Houlihan Lokey, Inc.’s own tally for this item (“2. Approval of Non-Binding, Advisory Vote on Executive Compensation”): 201,286,055 for, 8,431,930 against, per its Form 8-K filed September 19, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Also reported under other wordings, matched to the same row of Houlihan Lokey, Inc.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Advisory Vote to Ratify Named Executive Officers' Compensation” (10 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “14A Executive Compensation” (5 managers, 20 for, 458 against); “To approve, on an advisory basis, the compensation of our named executive officers as disclosed in the accompanying Proxy Statement” (3 managers, 431,474 for); “To approve, on an advisory basis, the H of our named executive officers as disclosed in the accompany Proxy Statement.” (2 managers, 7,483 for).
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,793,779 | 1,063 | 0 | 0 | For |
| BlackRock | 3,226,933 | 0 | 0 | 0 | For |
| Fidelity | 2,440,382 | 94,858 | 0 | 0 | For |
| Virtus | 1,252,774 | 0 | 0 | 0 | For |
| AMCAP FUND | 1,207,884 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 950,000 | 0 | 0 | 0 | For |
| Invesco | 780,188 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 612,547 | 0 | 0 | 0 | For |
| Charles Schwab | 587,327 | 99 | 0 | 0 | For |
| Prudential/PGIM | 35,763 | 487,381 | 0 | 0 | Mixed |
| CARILLON SERIES TRUST | 465,427 | 0 | 0 | 0 | For |
| State Street | 450,077 | 183 | 0 | 0 | For |
| Neuberger Berman | 0 | 425,479 | 0 | 0 | Against |
| First Trust | 409,936 | 0 | 0 | 0 | For |
| Thrivent | 399,562 | 0 | 0 | 0 | For |
| Capital Group | 398,058 | 0 | 0 | 0 | For |
| FMI FUNDS INC | 0 | 395,000 | 0 | 0 | Against |
| T. Rowe Price | 384,151 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 347,039 | 8,398 | 0 | 0 | For |
| AllianceBernstein | 240,148 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 225,000 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 0 | 224,061 | 0 | 0 | Against |
| MUTUAL FUND SERIES TRUST | 200,472 | 0 | 0 | 0 | For |
| Jackson National | 174,180 | 4,149 | 0 | 0 | For |
| Bridge Builder Trust | 171,168 | 0 | 0 | 0 | For |
Fund voting reports, all 128 managers: 23,405,238 for, 2,119,964 against, 18,073 abstained, 42 not voted. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 2,723,295 | 0 | 0 | 0 | For |
| BlackRock | 2,029,745 | 12,571 | 0 | 0 | For |
| EARNEST PARTNERS LLC | 1,914,520 | 2,315 | 0 | 0 | For |
| Fidelity | 1,568,346 | 0 | 0 | 0 | For |
| State Street | 1,546,570 | 187 | 0 | 0 | For |
| BAMCO INC /NY/ | 1,082,623 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 1,045,516 | 0 | 0 | 0 | For |
| Wellington | 959,458 | 0 | 0 | 0 | For |
| T. Rowe Price | 899,646 | 0 | 0 | 0 | For |
| Capital Research Global Investors | 854,684 | 0 | 0 | 0 | For |
| Capital Group | 799,362 | 0 | 0 | 0 | For |
| UBS | 0 | 701,932 | 0 | 0 | Against |
| EAGLE ASSET MANAGEMENT INC | 695,580 | 0 | 0 | 0 | For |
| Neuberger Berman | 0 | 662,319 | 0 | 0 | Against |
| Charles Schwab | 596,383 | 99 | 0 | 0 | For |
| Clearbridge Investments, LLC | 579,581 | 0 | 0 | 0 | For |
| BANK OF MONTREAL /CAN/ | 549,470 | 0 | 0 | 0 | For |
| JENNISON ASSOCIATES LLC | 0 | 507,074 | 0 | 0 | Against |
| AllianceBernstein | 468,285 | 0 | 0 | 0 | For |
| Northern Trust | 438,681 | 130 | 0 | 0 | For |
| Thrivent | 415,097 | 0 | 0 | 0 | For |
| AMERIPRISE FINANCIAL INC | 388,389 | 0 | 0 | 0 | For |
| MELLON INVESTMENTS Corp | 372,957 | 0 | 0 | 0 | For |
| Ancora Advisors LLC | 372,119 | 0 | 0 | 0 | For |
| GW&K Investment Management, LLC | 0 | 100,337 | 0 | 0 | Against |
Institutional-manager reports, all 407 managers: 26,045,045 for, 6,256,393 against, 3,672 abstained, 5,556 not voted, 241,167 mixed. Showing the 25 largest; see all in the interactive database.
Combines 6 wordings of this item as funds reported it.
99.3% Majority: yes · of votes cast
Description as filed by funds: To ratify the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending March 31, 2026.
Houlihan Lokey, Inc.’s own tally for this item (“3. Ratification of Independent Registered Public Accounting Firm”): 210,493,516 for, 1,332,861 against, per its Form 8-K filed September 19, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 131 asset managers below reported 25,523,084 for, 6,414 against, 18,073 abstained, 42 not voted.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 5,794,841 | 1 | 0 | 0 | For |
| BlackRock | 3,226,933 | 0 | 0 | 0 | For |
| Fidelity | 2,535,240 | 0 | 0 | 0 | For |
| Virtus | 1,252,774 | 0 | 0 | 0 | For |
| AMCAP FUND | 1,207,884 | 0 | 0 | 0 | For |
| BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 950,000 | 0 | 0 | 0 | For |
| Invesco | 780,188 | 0 | 0 | 0 | For |
| HARBOR FUNDS | 612,547 | 0 | 0 | 0 | For |
| Charles Schwab | 587,426 | 0 | 0 | 0 | For |
| Prudential/PGIM | 523,144 | 0 | 0 | 0 | For |
| CARILLON SERIES TRUST | 465,427 | 0 | 0 | 0 | For |
| State Street | 450,235 | 25 | 0 | 0 | For |
| Neuberger Berman | 425,479 | 0 | 0 | 0 | For |
| First Trust | 409,936 | 0 | 0 | 0 | For |
| Thrivent | 399,562 | 0 | 0 | 0 | For |
| Capital Group | 398,058 | 0 | 0 | 0 | For |
| FMI FUNDS INC | 395,000 | 0 | 0 | 0 | For |
| T. Rowe Price | 384,151 | 0 | 0 | 0 | For |
| TRUST FOR PROFESSIONAL MANAGERS | 355,437 | 0 | 0 | 0 | For |
| AllianceBernstein | 240,148 | 0 | 0 | 0 | For |
| Advisors' Inner Circle Fund II | 225,000 | 0 | 0 | 0 | For |
| FRANKLIN STRATEGIC SERIES | 224,061 | 0 | 0 | 0 | For |
| MUTUAL FUND SERIES TRUST | 200,472 | 0 | 0 | 0 | For |
| Jackson National | 178,329 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 171,168 | 0 | 0 | 0 | For |
Showing the 25 largest of 131 asset managers. See all 131 in the interactive database.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.
| # | Asset manager | Shares voted |
|---|---|---|
| 1 | Vanguard | 5,794,842 |
| 2 | BlackRock | 3,226,933 |
| 3 | Fidelity | 2,535,240 |
| 4 | Virtus | 1,252,774 |
| 5 | AMCAP FUND | 1,207,884 |
| 6 | BARON INVESTMENT FUNDS TRUST (f/k/a BARON ASSET FUND) | 950,000 |
| 7 | Invesco | 780,188 |
| 8 | HARBOR FUNDS | 612,547 |
| 9 | Charles Schwab | 587,468 |
| 10 | Prudential/PGIM | 523,144 |
| # | Asset manager | Shares voted |
|---|---|---|
| 1 | KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | 2,723,295 |
| 2 | BlackRock | 2,042,316 |
| 3 | EARNEST PARTNERS LLC | 1,916,835 |
| 4 | Fidelity | 1,568,346 |
| 5 | State Street | 1,546,757 |
| 6 | BAMCO INC /NY/ | 1,082,623 |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 1,045,516 |
| 8 | Wellington | 959,458 |
| 9 | T. Rowe Price | 899,646 |
| 10 | Capital Research Global Investors | 854,684 |
Shown as share counts, not percentages: no shares-outstanding figure has been matched to Houlihan Lokey, Inc. for the 2025-2026 season, so there is no denominator to divide by.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.
At Houlihan Lokey, Inc.'s shareholder meeting held September 17, 2025, in the 2025-2026 proxy season, 517 asset managers reported how they voted on 5 ballot items in their SEC Form N-PX filings, covering 3,262 separate fund positions. On the most widely held item on that ballot — To approve, on an advisory basis, the compensation of our named executive officers as disclosed… — FOR was 96% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: Houlihan Lokey, Inc.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on September 19, 2025.
Houlihan Lokey, Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).
Download data (CSV): ballot items · votes by manager · column guide.