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Asset Management

Houlihan Lokey Executive Compensation (FY25)

HLI · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): September 19, 2025
211 figures on this page: 203 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
Scott Adelson was paid $11,329,033 in total compensation as Chief Executive Officer for fiscal 2025, and compared with the $4,500,000 reported for fiscal 2024, Adelson's total was 151.8% higher. The disclosed chief executive pay ratio for fiscal 2025 is 54:1, against median employee compensation of $208,000. For fiscal 2025, the say-on-pay proposal drew 96.0% support at the meeting held September 17, 2025. The disclosed peer group names Bank of America, Barclays, Citigroup, Deutsche Bank and Evercore, among others.
Chief executive, fiscal 2025
◇
Scott Adelson
Median of the other named officers
$3,750,000
5 officers, excluding the chief executive
Latest say-on-pay support
=
September 17, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Scott Adelson: $4,500,000 → $11,329,033 (151.8% higher)
CEO pay ratio: 25:1 → 54:1 (116.0% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Houlihan Lokey's chief executive and what were they paid?
Scott Adelson was paid $11,329,033 in total compensation as Chief Executive Officer for fiscal 2025. Compared with the $4,500,000 reported for fiscal 2024, Adelson's total was 151.8% higher.
What was Houlihan Lokey's say-on-pay result?
For fiscal 2025, the say-on-pay proposal drew 96.0% support at the meeting held September 17, 2025.
Which companies are in Houlihan Lokey's peer group?
The disclosed peer group names Bank of America, Barclays, Citigroup, Deutsche Bank and Evercore, among others.
What is Houlihan Lokey's chief executive pay ratio?
The disclosed chief executive pay ratio for fiscal 2025 is 54:1, against median employee compensation of $208,000.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Adelson
Chief Executive Officer
◇———◇——◇
Scott Beiser
Co-Chairman (former Chief Executive Officer)
◇———◇——◇
Irwin Gold
Executive Chairman
◇———◇——◇
J. Lindsey Alley
Chief Financial Officer
◇———◇——◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Scott Beiser
Chief Executive Officer
◇———◇——◇
Scott Adelson
Co President and Global Co Head of Corporate Finance
◇———◇——◇
Irwin Gold
Executive Chairman
◇———◇——◇
J. Lindsey Alley
Chief Financial Officer
◇———◇——◇
David Preiser
Co-President
◇———◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
P. Eric Siegert
Co-Chairman
◇———◇——◇
Scott Adelson
Chief Executive Officer
◇———◇—◇◇
Scott Beiser
Co-Chairman (former Chief Executive Officer)
Departed during or after this year
◇———◇——◇
J. Lindsey Alley
Chief Financial Officer
◇———◇——◇
Irwin Gold
Co-Chairman
◇———◇—◇◇
Christopher Crain
General Counsel and Secretary
◇———◇——◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christopher M. CrainPSU◇—◇—◇—◇
Christopher M. CrainRSU◇——◇——◇
Irwin N. GoldRSU◇——◇——◇
Irwin N. GoldPSU◇—◇—◇—◇
J. Lindsey AlleyRSU◇——◇——◇
J. Lindsey AlleyPSU◇—◇—◇—◇
P. Eric SiegertRSU◇——◇——◇
Scott J. AdelsonPSU◇—◇—◇—◇
Scott J. AdelsonRSU◇——◇——◇
Scott L. BeiserPSU◇—◇—◇—◇
Scott L. BeiserRSU◇——◇——◇
Fiscal 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
J. Lindsey AlleyPSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Christopher CrainPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Irwin GoldRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Scott BeiserRSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Scott AdelsonRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
P. Eric SiegertRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Robert A. Schriesheim
Lead independent director
◇◇————◇
Cyrus D. Walker
◇◇————◇
Gillian B. Zucker
◇◇————◇
Paul A. Zuber
◇◇————◇
Ekpedeme M. Bassey
◇◇————◇
Jacqueline B. Kosecoff
◇◇————◇
Todd J. Carter, Irwin N. Gold, P. Eric Siegert, Scott J. Adelson and Scott L. Beiser served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board chair premium◇
Audit committee chair◇
Compensation committee chair◇
Nominating and governance chair◇

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Bank of America BAC
  • Barclays BCS
  • Citigroup C
  • Deutsche Bank DB
  • Evercore EVR
  • Goldman Sachs GS
  • JPMorgan Chase JPM
  • Lazard LAZ
  • Moelis & Company MC
  • Morgan Stanley MS
  • Perella Weinberg Partners PWP
  • Piper Sandler PIPR
  • UBS UBS

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025September 17, 2025=◇◇◇
2024September 18, 2024=◇◇◇
2023September 20, 2023=◇◇◇
2022September 21, 2022=◇◇◇
2021September 21, 2021=◇◇◇
2020September 24, 2020=◇◇◇
2019September 24, 2019=◇◇◇
2018September 20, 2018=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Houlihan Lokey disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Houlihan Lokey sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
211 figures on this page: 203 cited to the filing that reported them, 8 calculated from figures it prints.
203 cited to the filing
8 calculated from the filing

Documents cited

  1. 0001193125-25-209055
  2. 0001302215-25-000084
    CEO Pay Ratio · DIRECTOR COMPENSATION · EXECUTIVE COMPENSATION TABLES · Grants of Plan-Based Awards · and 2 more sections
  3. 0001193125-24-223705
  4. 0001302215-24-000079
    EXECUTIVE COMPENSATION TABLES · Summary Compensation Table
  5. 0001193125-23-240467
  6. 0001302215-23-000074
    EXECUTIVE COMPENSATION TABLES · Summary Compensation Table
  7. 0001193125-22-252139
  8. 0001193125-21-279421
  9. 0001193125-20-254591
  10. 0001193125-19-256075
  11. 0001302215-18-000034
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Velarion, “Houlihan Lokey executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/HLI (accessed 2026).
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Peers Houlihan Lokey discloses

The companies named in HLI's own disclosed peer group.

Bank of AmericaCitigroupEvercoreGoldman SachsJPMorgan ChaseLazardMoelis & CompanyMorgan StanleyPerella Weinberg PartnersPiper Sandler

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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