NOVATO,
Calif., Dec. 8, 2022 /PRNewswire/ -- Hennessy
Advisors, Inc. (the "Company") (Nasdaq: HNNA) today
announced that Kiera Newton has been
named to the Company's Board of Directors and as the new Chair to
the Audit Committee. Ms. Newton is an excellent complement to
the board with her extensive financial background and detailed
knowledge of the industry. Ms. Newton has more than seven years of
public accounting audit experience to draw from in her role as a
Director and Audit Committee Chair.
In conjunction with Ms. Newton's appointment to the Board of
Directors, she is transitioning out of her current role as the
founding member of the Company's Advisory Committee.
Additionally, the following three current directors are
transitioning to serve on the Company's Advisory Committee:
Daniel B. Steadman, EVP of Hennessy
Advisors, Inc., Daniel G. Libarle,
and Rodger D. Offenbach.
"Kiera is a wonderful addition to our Board," said Neil Hennessy, the Company's Chairman and CEO.
"Her deep understanding of Hennessy Advisors as well as her high
level of financial literacy will undoubtedly benefit our Board and
our shareholders in many ways," he continued.
"It is with great pride that I further announce that Kiera's
addition to the Board of Directors allows three of our existing
directors the ability to transition to a more limited advisory
role," said Teresa Nilsen, the
Company's President and COO. "Dan
Steadman, Dan Libarle, and
Rodger Offenbach are ready to provide mentorship and guidance from
their new positions on the Advisory Committee," she added.
Ms. Newton will join the Board as the eighth director and fifth
independent director, and she will serve the Company's shareholders
alongside Neil Hennessy,
Teresa M. Nilsen, and Brian A. Hennessy, as well as independent
directors Henry C. Hansel,
Lydia Knight-O'Riordan, Susan Weber Pomilia, and Thomas L. Seavey.
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager
offering a broad range of domestic equity, multi-asset, and sector
and specialty funds. Hennessy Advisors, Inc. is committed to
providing superior service to shareholders and employing a
consistent and disciplined approach to investing based on a
buy‑and‑hold philosophy that rejects the idea of market timing.
Supplemental Information
This press release does not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein,
nor shall there be any sale of these securities in any state or
other jurisdiction in which such an offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
Forward-Looking Statements
This press release contains "forward-looking statements" for
which Hennessy Advisors, Inc. claims the protection of the safe
harbor contained in the Private Securities Litigation Reform Act of
1995. Forward-looking statements relate to expectations and
projections about future events based on currently available
information. Forward‑looking statements are not a guarantee of
future performance or results and are not necessarily accurate
indications of the times at which, or means by which, such
performance or results may be achieved. Forward‑looking statements
are subject to risks, uncertainties, and assumptions, including
those described in the sections entitled "Risk Factors" and
elsewhere in the reports that Hennessy Advisors, Inc. files with
the Securities and Exchange Commission. Unforeseen developments
could cause actual performance or results to differ substantially
from those expressed in, or suggested by, the forward‑looking
statements. Hennessy Advisors, Inc. management does not assume
responsibility for the accuracy or completeness of the
forward-looking statements and undertakes no responsibility to
update any such statement after the date of this press release to
conform to actual results or to changes in expectations.
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SOURCE Hennessy Advisors, Inc.