Houlihan Lokey Adopts Amended Voting Trust Agreement for Shareholders
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Houlihan Lokey Inc. has executed an amended voting trust agreement, updating its 2015 arrangement. The new agreement allows former employees, who haven't worked for the company in 12 months, to release their shares after the Final Conversion Date. It also expands the conditions for employees to withdraw shares, including certain transactions under the insider trading policy. A special committee of disinterested directors reviewed and approved the agreement.
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