On September 3, 2026, Gillian B. Zucker informed the board of Houlihan Lokey, Inc. that she will not stand for reelection to the board when her term expires at the 2026 Annual Meeting of Stockholders. The company stated this decision was not due to any disagreement regarding operations or policies. Houlihan Lokey operates in the financial advisory industry, providing investment banking and consulting services.

Houlihan Lokey reported first quarter fiscal 2027 results with revenues declining to $511 million from $605 million in the prior year period. Diluted EPS fell to $1.15, down from $1.42, while adjusted diluted EPS was $1.35 compared to $2.14 previously. Corporate Finance revenues dropped 24% to $303 million due to instability in the Middle East and technology sector disruptions, whereas Financial Restructuring revenues decreased 8% to $119 million and Financial and Valuation Advisory revenues rose 13% to $89 million. The Board declared a regular quarterly cash dividend of $0.70 per share, payable on September 15, 2026, to shareholders of record as of September 1, 2026. Additionally, the company repurchased 348,000 shares during the quarter and held $797 million in cash and investment securities at quarter-end. Houlihan Lokey operates as a global investment bank providing strategic and financial advisory services including mergers and acquisitions, capital solutions, and restructuring.