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SECURITIES AND EXCHANGE COMMISSION
UNITED STATES
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 15, 2005
HENNESSY ADVISORS, INC.
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(Exact name of registrant as specified in its charter)
California 000-49872 68-0176227
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(State or other jurisdiction Commission (IRS Employer
of incorporation) File Number) Identification No.)
750 Grant Avenue, Suite 100 94945
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Novato, California
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code: (415) 899-1555
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Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFR 230 .425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b)
under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)
under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01. Entry into a Material Definitive Agreement
On March 15, 2005, the Company signed definitive agreements with Landis
Associates LLC and Michael L. Hershey for Hennessy to purchase assets related to
the management contract for the Henlopen Fund. The Company also entered into a
noncompetition agreement with Mr. Hershey. A copy of Hennessy's press release
dated March 15, 2005, which describes the principal terms of the asset purchase
agreements, is attached as Exhibit 99.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
2.1 Asset Purchase Agreement dated as of March 15, 2005 between Hennessy
Advisors, Inc. and Landis Associates LLC*
2.2 Asset Purchase Agreement dated as of March 15, 2005 between Hennessy
Advisors, Inc. and Michael L. Hershey*
10 Noncompetition Agreement dated as of March 15, 2005 between Hennessy
Advisors, Inc. and Michael L. Hershey*
99 Press Release
* To be filed as exhibits to the applicable periodic report pursuant to
Regulation S-B 601.
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Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
HENNESSY ADVISORS, INC.
(registrant)
March 16, 2005 By: /s/ Neil J. Hennessy
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Neil J. Hennessy
President
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