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COLUMBUS, OH – Diamond Hill Investment Group, Inc. (NASDAQ:DHIL), a $395 million market cap investment management firm with strong financial health metrics according to InvestingPro, announced on Monday that it has entered into a new executive employment agreement with Heather E. Brilliant, the company’s Chief Executive Officer and President. The new contract, effective immediately, extends Brilliant’s term for an additional five years, superseding the previous agreement set to expire at the end of 2026.
The agreement, which will now run until June 30, 2030, includes provisions for automatic one-year renewals unless either party provides a 120-day notice of non-renewal. Under the terms of the new contract, Brilliant will continue to lead as CEO and President of Diamond Hill and will be nominated annually as a director. The company has demonstrated solid financial performance under current leadership, with a 9.3% revenue growth in the last twelve months and an impressive 25% return on equity.
According to the filing, Brilliant’s compensation package includes an annual base salary of $400,000, with discretion for increases. She is also eligible for an annual cash incentive award with a target of $1,750,000, subject to committee discretion and performance, and a minimum of $600,000 for any completed calendar year. Additionally, the package includes a long-term incentive equity award with a target of $850,000, vesting annually over three years, and a $4,000,000 restricted stock award that will vest after five years, both contingent on continued employment.
Brilliant’s benefits encompass health and life insurance, disability programs, retirement plans, and other executive perks. The company will also cover reasonable attorney fees up to $10,000 related to the negotiation and drafting of the agreement or its amendments.
The terms of termination are detailed, specifying entitlements in the event of death, disability, or termination for cause or without cause. Notably, severance payments and benefits, other than accrued obligations, are contingent upon providing a comprehensive release of claims in favor of the company.
The agreement also includes standard non-competition, non-solicitation, confidentiality, and non-disparagement clauses.
This news comes from Diamond Hill’s recent SEC filing and underscores the company’s commitment to maintaining leadership continuity as it navigates the investment advice industry. The company maintains a strong financial position with a healthy current ratio of 3.35 and has consistently paid dividends for 18 consecutive years, currently yielding 4.14%. InvestingPro analysis reveals several additional positive indicators about Diamond Hill’s financial health and growth prospects, available to subscribers.
In other recent news, Diamond Hill Investment Group Inc. announced the results of its 2025 Annual Meeting of Shareholders. Shareholders approved all proposals, including the re-election of six directors to the Board, with Heather E. Brilliant, Richard S. Cooley, Gordon B. Fowler, Paula R. Meyer, Nicole R. St. Pierre, and L’Quentus Thomas continuing their service until the next annual meeting. Additionally, the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. A significant development was the approval of the Diamond Hill Investment Group, Inc. 2025 Equity and Cash Incentive Plan, designed to align employee interests with those of shareholders. The plan received 1,780,659 votes in favor. Furthermore, in an advisory vote, the compensation for the company’s named executive officers for 2025 was approved. These developments reflect shareholder support for Diamond Hill’s strategic direction and governance practices.
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