HENNESSY ADVISORS INC
For the period ended Feb 13, 2025. Filed Dec 18, 2024.
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What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
Feb 13, 2025 · Filed Dec 18, 2024
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PAY VERSUS PERFORMANCE
In accordance with SEC rules applicable to smaller reporting companies, the following table sets forth information with respect to how “compensation actually paid” (“CAP”) to our principal executive officer (“PEO”) and other named executive officers (“NEOs”) aligns with company performance. CAP is an SEC‑defined term that does not necessarily reflect the amounts realized by our NEOs. For information regarding the Company’s compensation philosophy and how the Company aligns executive compensation with its financial and operational performance, refer to the Compensation Discussion and Analysis section.
| Fiscal Year(1) | Summary Compensation Table Total for PEO ($) | Compensation Actually Paid to PEO(2) ($) | Average Summary Compensation Table for Non- PEO NEOs ($) | Average Compensation Actually Paid to Non-PEO NEOs(2) ($) | Value of Initial Fixed $100 Investment Based on Company Total Shareholder Return(3) ($) | Net Income ($ in thousands) |
|---|---|---|---|---|---|---|
| 2024 | 1,058,774 | 1,132,767 | 1,114,942 | 1,230,371 | $132.59 | $7,097 |
| 2023 | 852,303 | 740,713 | 778,168 | 624,616 | $82.39 | $4,771 |
| 2022 | 919,240 | 858,129 | 949,087 | 735,353 | $95.01 | $6,190 |
| (1) | For fiscal year 2024 in the above table, the principal executive officer is Teresa M. Nilsen and the other NEOs are Neil J. Hennessy and Kathryn R. Fahy. For fiscal years 2023 and 2022 in the above table, the principal executive officer is Teresa M. Nilsen and the other NEOs are Neil J. Hennessy, Kathryn R. Fahy, and Daniel B. Steadman. |
| (2) | In accordance with SEC rules, the adjustments shown in the table below were made to the Summary Compensation Table values to determine CAP. For the CAP portions that are calculated based on the fair market value of our common stock, the following prices were used: $8.67 as of September 30, 2022, $6.79 as of September 18, 2023, and $9.95 as of September 30, 2024. All amounts shown for non-PEO NEOs are averages. |
| Fiscal Year | Executive | Summary Compensation Table Total Compensation ($) | Minus Summary Compensation Table Stock Awards Total ($) | Plus Year-End Fair Value of Unvested Current Year Equity Awards ($) | Plus Change in Fair Value as of Year End of Unvested Prior Year Equity Awards ($) | Plus Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Current Year ($) | Equals Compensation Actually Paid ($) |
|---|---|---|---|---|---|---|---|
| 2024 | PEO | 1,058,774 | (201,728) | 196,015 | 53,973 | 25,733 | 1,132,767 |
| Non-PEO NEOs | 1,114,942 | (109,909) | 160,195 | 44,112 | 21,032 | 1,230,371 | |
| 2023 | PEO | 852,303 | (133,763) | 131,202 | (65,126) | (43,903) | 740,713 |
| Non-PEO NEOs | 715,546 | (94,155) | 92,352 | (53,238) | (35,889) | 624,616 | |
| 2022 | PEO | 919,240 | (141,750) | 136,553 | (32,327) | (23,586) | 858,129 |
| Non-PEO NEOs | 778,168 | (99,747) | 96,090 | (22,749) | (16,409) | 735,353 |
| (3) | Cumulative total shareholder return of the Company assuming an initial investment of $100 on September 30, 2021, and reinvestment of dividends. |
In accordance with SEC rules, the following charts show the relationship between CAP and the Company’s financial performance as measured by cumulative total shareholder return and net income.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.