Beneficient announces the passing of Chairman Thomas O. Hicks, a pioneer in private equity and influential Dallas leader.
Quiver AI Summary
Beneficient (NASDAQ: BENF) mourns the passing of Thomas O. Hicks, its Board Chairman, who died on December 6, 2025, at 79. Hicks was a prominent figure in the private equity field, co-founding influential firms and contributing significantly to shaping the industry. He joined Beneficient's Board in 2017, became Chairman in 2025, and provided critical leadership to guide the company’s strategy. Hicks also had a notable impact on Dallas and Texas through his ownership of local sports teams and involvement in key developments like the American Airlines Center. The Beneficient community expresses deep condolences to his family and aims to honor his legacy by maintaining the company’s mission with the same vision he exemplified.
Potential Positives
- Beneficient honors the legacy of Thomas O. Hicks, a prominent figure in private equity, emphasizing its commitment to strong leadership and strategic direction.
- The company aims to continue executing its mission to democratize the global alternative asset investment market, indicating a focus on growth and innovation in its sector.
- The press release highlights Beneficient's regulatory compliance with the State of Kansas’ TEFFI Act, which can enhance credibility and trust among investors.
Potential Negatives
- The passing of Chairman Thomas O. Hicks could lead to a leadership vacuum and uncertainty in the company's strategic direction during this transition period.
- The announcement highlights a significant loss in leadership, potentially impacting investor confidence and the company's market perception.
- With Mr. Hicks’ death, the company may face challenges in maintaining continuity in its mission and the execution of its strategic initiatives.
FAQ
What was the cause of Thomas O. Hicks' passing?
The article does not specify the cause of Thomas O. Hicks' passing.
When did Thomas O. Hicks become Chairman of Beneficient?
Thomas O. Hicks was appointed Chairman of Beneficient in July 2025.
What impact did Mr. Hicks have on Dallas?
Mr. Hicks had a profound impact on Dallas, including ownership of the Dallas Stars and Texas Rangers.
What is the mission of Beneficient?
Beneficient aims to democratize the global alternative asset investment market for underserved investors.
How can I learn more about Beneficient?
You can visit Beneficient's website at www.trustben.com or follow them on LinkedIn for more information.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$BENF Revenue
$BENF had revenues of $-2.8M in Q2 2026. This is a decrease of -132.27% from the same period in the prior year.
You can track BENF financials on Quiver Quantitative's BENF stock page.
$BENF Hedge Fund Activity
We have seen 6 institutional investors add shares of $BENF stock to their portfolio, and 15 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- STIFEL FINANCIAL CORP removed 144,900 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $137,828
- HRT FINANCIAL LP removed 75,757 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $72,060
- VIRTU FINANCIAL LLC removed 55,847 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $53,121
- AUSDAL FINANCIAL PARTNERS, INC. removed 49,136 shares (-40.0%) from their portfolio in Q3 2025, for an estimated $46,738
- UBS GROUP AG removed 47,512 shares (-84.7%) from their portfolio in Q3 2025, for an estimated $45,193
- TWO SIGMA SECURITIES, LLC removed 37,217 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $11,168
- CITADEL ADVISORS LLC removed 35,870 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $34,119
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
DALLAS, Dec. 10, 2025 (GLOBE NEWSWIRE) -- Beneficient (NASDAQ: BENF) (the “Company”) is deeply saddened to announce the passing of Thomas O. Hicks, Chairman of its Board of Directors (the “Board”), on Saturday, December 6, 2025, at the age of 79.
Mr. Hicks was a legendary figure in American business, a pioneer in private equity, and a dedicated leader who brought extraordinary vision, discipline, and experience to Beneficient.
- A Private Equity Pioneer: Mr. Hicks co-founded Hicks & Haas in 1984 and Hicks, Muse, Tate & Furst in 1989, helping to reshape the private equity landscape with his “buy and build” strategy.
- A Legacy of Leadership: He served on the Beneficient Board since 2017 and was appointed Chairman in July 2025, providing his decades of seasoned leadership to help guide the Company's strategic direction.
-
A Visionary for Dallas:
Beyond his corporate achievements, Mr. Hicks had a profound impact on the city of Dallas and the State of Texas, including ownership of the Dallas Stars and Texas Rangers and playing a central role in developing the American Airlines Center and serving as the founding Chairman of the University of Texas Investment Management Company.
The entire Beneficient community extends its deepest sympathies to the Hicks family and loved ones and is profoundly grateful for Tom’s leadership and service.
Beneficient’s Board and management team are committed to honoring his legacy by continuing to execute the Company's mission with the vision and courage Mr. Hicks exemplified.
Mr. Hicks’ obituary can be found here .
About Beneficient
Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and valued-added services for their funds − with solutions that could help them unlock the value in their alternative assets. Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.
For more information, visit www.trustben.com or follow us on LinkedIn.
Contacts
Investors
:
Matt Kreps/214-597-8200/[email protected]
Michael Wetherington/214-284-1199/[email protected]
[email protected]
