Hamilton Lane shareholders approve director, executive pay, and auditor at annual meeting

Hamilton Lane Inc (NASDAQ:HLNE) held its 2025 Annual Meeting of Stockholders on Thursday. According to a statement based on the company’s SEC filing, shareholders voted on four proposals, including the election of a director, executive compensation, the frequency of future compensation votes, and the ratification of the company’s independent auditor.

Shareholders elected Hartley R. Rogers as a Class III director to serve until the 2028 annual meeting. Rogers received 105,514,453 votes in favor, with 23,515,384 votes withheld and 3,097,590 broker non-votes. According to InvestingPro data, Hamilton Lane has demonstrated strong shareholder value, maintaining dividend payments for 9 consecutive years with a recent dividend yield of 1.48%.

An advisory, non-binding vote to approve the compensation of Hamilton Lane’s named executive officers passed, with 98,253,133 votes for, 30,764,307 against, 12,397 abstentions, and 3,097,590 broker non-votes.

On the advisory vote regarding the frequency of future votes on executive compensation, 127,987,979 votes favored holding the vote annually, 414,831 favored every two years, 616,775 favored every three years, 10,252 abstained, and there were 3,097,590 broker non-votes. The company’s board subsequently approved conducting the advisory vote every year.

Shareholders also ratified the appointment of Ernst & Young LLP as Hamilton Lane’s independent registered public accounting firm for the fiscal year ending March 31, 2026. The vote was 131,888,483 in favor, 228,780 against, and 10,164 abstentions.

The information in this article is based on a press release statement and the company’s Form 8-K filed with the Securities and Exchange Commission.

In other recent news, Hamilton Lane Incorporated announced the pricing of an underwritten public offering of 528,705 shares of Class A common stock, aiming to generate approximately $77.5 million in gross proceeds. The offering includes shares from both the company and a selling stockholder and is expected to close on September 4, 2025, subject to customary closing conditions. Hamilton Lane intends to use the proceeds from its portion of the offering to settle cash exchanges of membership units in Hamilton Lane Advisors, L.L.C., while the company will not receive any proceeds from shares sold by the selling stockholder. Additionally, Hamilton Lane has been involved in a significant $1 billion capital investment in Flexential, a data center solutions provider, to fund the development of next-generation data centers across the United States. This investment is part of a broader funding initiative that includes contributions from GI Data Infrastructure and Morgan Stanley Infrastructure Partners. Furthermore, Hamilton Lane has partnered with PennantPark Floating Rate Capital Ltd. to form a $500 million joint venture, PennantPark Senior Secured Loan Fund II, LLC, focusing on middle market loans. Hamilton Lane has committed $50 million to this venture, aligning with PennantPark’s core origination and underwriting strategy. These developments highlight Hamilton Lane’s active role in various strategic financial initiatives.

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