Horizon Kinetics (HKHC) AGM 2026 summary

Opening remarks and agenda

• The meeting opened with introductions of the Co-CEOs and General Counsel, confirming compliance with bylaws and Delaware law.

• The agenda included electing six directors, ratifying the independent auditor, and an advisory vote on executive compensation.

Board and executive committee updates

• Six directors were nominated and elected to serve until the next annual meeting.

• The passing of Murray, a key leader, was acknowledged, with emphasis on his legacy and the firm's strong position.

• Leadership highlighted the dedication and passion of employees to continue Murray's vision.

• James Davolos was elevated to Director of Research as part of generational transition.

Financial performance review

• The firm maintains a strong balance sheet, built by retaining earnings and investing in strategic assets.

• Strategic assets, such as royalty companies and securities exchanges, are now core portfolio holdings.

• Bitcoin exposure has grown to about 10% of assets under management due to appreciation.