HENNESSY ADVISORS INC 8-K

What Happened
Hennessy Advisors, Inc. announced on May 28, 2026 that it delivered a notice to the trustee calling for the full redemption of its outstanding 4.875% notes due 2026. The company will redeem the notes on June 30, 2026 at a price equal to 100% of principal plus accrued and unpaid interest to, but not including, the redemption date. The aggregate outstanding principal amount of the notes as of the notice date is $40.25 million. The notes trade on Nasdaq under the symbol “HNNAZ”; after the redemption is completed no notes will remain outstanding and the notes will cease to be listed.

Key Details

• Notice delivered to trustee: May 28, 2026.
• Redemption Date: June 30, 2026.
• Aggregate outstanding principal: $40.25 million.
• Redemption price: 100% of principal plus accrued and unpaid interest to, but not including, June 30, 2026; interest will cease to accrue on and after the Redemption Date provided the company pays the applicable redemption price.

Why It Matters
This action will eliminate the company’s outstanding 4.875% notes and stop future interest accrual on that $40.25 million of debt if the redemption price is paid as scheduled. For holders of the notes, it means they should receive the redemption payment on the redemption date. For equity and bond investors, the redemption will reduce the company’s reported debt and future interest expense but requires Hennessy Advisors to fund the redemption amount on June 30, 2026.