Houlihan Lokey Inc. has announced the execution of an amended and restated voting trust agreement, updating its prior arrangement from 2015. The new agreement allows former employees who have not worked at the company for at least 12 months to have their shares released from the trust after the Final Conversion Date. It also expands the circumstances under which employees can withdraw shares, now including certain pledging, hedging, and monetization transactions in accordance with the company's insider trading policy. A special committee of disinterested directors reviewed and unanimously approved the agreement.

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