Statement from Beneficient Regarding the Passing of Thomas O. Hicks

Core Insights - Beneficient announced the passing of Thomas O. Hicks, its Chairman of the Board, on December 6, 2025, at the age of 79, recognizing his significant contributions to the company and the private equity industry [1][2]. Company Overview - Beneficient (NASDAQ: BENF) aims to democratize the global alternative asset investment market, targeting mid-to-high net worth individuals, small-to-midsized institutions, and General Partners with solutions to unlock value in alternative assets [3]. - The company operates under the regulatory framework of the Technology-Enabled Fiduciary Financial Institution (TEFFI) Act in Kansas, ensuring oversight by the Office of the State Bank Commissioner [3]. Leadership Legacy - Thomas O. Hicks co-founded Hicks & Haas in 1984 and Hicks, Muse, Tate & Furst in 1989, significantly influencing the private equity landscape with his "buy and build" strategy [4]. - Hicks served on Beneficient's Board since 2017 and became Chairman in July 2025, providing strategic guidance based on his extensive leadership experience [4]. - Beyond corporate achievements, Hicks had a notable impact on Dallas and Texas, including ownership of the Dallas Stars and Texas Rangers, and involvement in the development of the American Airlines Center [4].