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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT STYLE="font-size: 10pt">Washington, DC 20549</FONT></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 8-K</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">CURRENT
REPORT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):&#9;October
26, 2012</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">HENNESSY ADVISORS, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact name of registrant as specified in
its charter)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>

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    <TD STYLE="width: 34%; padding-right: 0; padding-left: 0; font-weight: bold; text-align: center">California</TD>
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0; font-weight: bold; text-align: center">000-49872</TD>
    <TD STYLE="width: 33%; padding-right: 0; padding-left: 0; font-weight: bold; text-align: center">68-0176227</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">(State or other jurisdiction<BR> of incorporation)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">(Commission<BR> File Number)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">(IRS Employer<BR> Identification No.)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>7250 Redwood Blvd., Suite 200</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Novato, California</B></P></TD>
    <TD STYLE="padding-right: 0; padding-left: 0; font-weight: bold; text-align: center">94945</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-right: 0; padding-left: 0; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: center">(Zip Code)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Registrant&rsquo;s telephone number including
area code:&#9;<B>(415) 899-1555</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Not Applicable</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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:</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD><TD>Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425)</TD></TR>
</TABLE>

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<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD><TD>Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD></TR>
</TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Wingdings 2">&pound;</FONT></TD><TD>Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</TD></TR></TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 1.01.&#9;Entry into a Material Definitive Agreement.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">On October 26, 2012,
Hennessy Advisors, Inc. (&ldquo;Hennessy Advisors&rdquo;) entered into a Second Amended and Restated Loan Agreement (the &ldquo;Loan
Agreement&rdquo;) between Hennessy Advisors and U.S. Bank National Association (&ldquo;U.S. Bank&rdquo;), which amended and restated
the loan agreement previously entered into by the parties on July 1, 2005. The original principal amount of the loan is $18,400,000,
which amount is payable in 60 consecutive monthly installments, with the final payment occurring on October 26, 2017. Amounts outstanding
under the Loan Agreement will generally bear interest at an annual rate equal to 0.75% above U.S. Bank&rsquo;s prime rate. All
borrowings under the Loan Agreement are secured by substantially all of the assets of Hennessy Advisors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Loan Agreement contains
customary restrictive covenants pertaining to the management and operations of Hennessy Advisors, including restrictions regarding
stock repurchases and distributions. The Loan Agreement also includes certain financial covenants that require, among other things,
(1) the maintenance of a consolidated debt to consolidated earnings before interest, taxes, depreciation and amortization (excluding,
among other things, certain non-cash gains and losses) (&ldquo;EBITDA&rdquo;) ratio of not more than (a) 2.75 to 1.00, measured
as of the fiscal quarter ending March 31, 2013 and (b) 2.50 to 1.00, measured as of the last day of each fiscal quarter thereafter
and (2) a consolidated fixed charge coverage ratio of at least 1.25 to 1.00, measured as of the last day of each fiscal quarter,
with each quarterly measurement period calculated for the two fiscal quarters then ended. For the purposes of the consolidated
debt to consolidated EBITDA ratio, consolidated EBITDA for the two consecutive fiscal quarter period of Hennessy Advisors ending
on such day will be multiplied by two.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The Loan Agreement also
includes customary events of default, including, but not limited to, the failure to pay any interest or principal when due, the
failure to perform covenants required by the Loan Agreement, untrue or incorrect representations or warranties, insolvency or bankruptcy,
the termination of certain of the management agreements between Hennessy Advisors and the mutual funds that it manages, Hennessy
Advisors ceasing to be registered with the Securities and Exchange Commission as an investment adviser, the occurrence of certain
events related to Hennessy Advisors&rsquo; employee compensation and benefit plans, certain judgment defaults and a change of control.
If an event of default under the Loan Agreement occurs and is continuing, then U.S. Bank may declare any outstanding obligations
under the Loan Agreement to be immediately due and payable. In addition, if Hennessy Advisors becomes the subject of voluntary
or involuntary proceedings under any bankruptcy, insolvency or similar law, then any outstanding obligations under the Loan Agreement
will automatically become immediately due and payable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The foregoing description
of the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Loan
Agreement filed herewith as Exhibit 4 and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><B>Item 2.03.&#9;Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;The information
provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">Item 9.01.&#9;Financial Statements and Exhibits.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">                                                                                                                                                                                                                                                                                                                                                                                                                              <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD><U>Exhibit</U></TD><TD STYLE="text-align: center"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 5%"></TD><TD STYLE="width: 8%">4</TD><TD STYLE="text-align: justify; width: 87%">Second Amended and Restated Loan Agreement between Hennessy Advisors, Inc. and U.S. Bank National
Association, dated October 26, 2012.</TD></TR></TABLE>

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<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif"></P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">signatures</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">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.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: left"></P>

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<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold">HENNESSY ADVISORS, INC.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 50%">October 31, 2012</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 46%">/s/ Neil J. Hennessy</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid">Neil J. Hennessy<BR> President</TD></TR>
</TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 6pt"><B>HENNESSY ADVISORS,
INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit Index to Current Report on Form
8-K dated October 26, 2012</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; padding-right: 0; padding-left: 0; font-size: 10pt; text-decoration: underline; text-align: justify; padding-bottom: 0">Exhibit</TD>
    <TD STYLE="width: 93%; padding-right: 0; padding-bottom: 0; padding-left: 0; font-size: 10pt; text-decoration: underline; text-align: center">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: justify; padding-bottom: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-bottom: 0; padding-left: 0; font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; font-size: 10pt; text-align: justify; padding-bottom: 0">4</TD>
    <TD STYLE="padding-right: 0; padding-bottom: 0; padding-left: 0; font-size: 10pt">Second Amended and Restated Loan Agreement between Hennessy Advisors, Inc. and U.S. Bank National Association, dated October 26, 2012.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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{"company-data": {"conformed-name": "HENNESSY ADVISORS INC", "cik": "0001145255", "assigned-sic": "6282", "irs-number": "680176227", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-49872", "film-number": "121174371"}, "business-address": {"street1": "7250 REDWOOD BLVD.", "street2": "SUITE 200", "city": "NOVATO", "state": "CA", "zip": "94945", "phone": "415-899-1555"}, "mail-address": {"street1": "7250 REDWOOD BLVD.", "street2": "SUITE 200", "city": "NOVATO", "state": "CA", "zip": "94945"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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):	October
26, 2012
HENNESSY ADVISORS, INC.
(Exact name of registrant as specified in
its charter)
California
000-49872
68-0176227
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
7250 Redwood Blvd., Suite 200
Novato, California
94945
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number including
area code:
(415) 899-1555
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))
Item 1.01.	Entry into a Material Definitive Agreement.
On October 26, 2012,
Hennessy Advisors, Inc. ("Hennessy Advisors") entered into a Second Amended and Restated Loan Agreement (the "Loan
Agreement") between Hennessy Advisors and U.S. Bank National Association ("U.S. Bank"), which amended and restated
the loan agreement previously entered into by the parties on July 1, 2005. The original principal amount of the loan is $18,400,000,
which amount is payable in 60 consecutive monthly installments, with the final payment occurring on October 26, 2017. Amounts outstanding
under the Loan Agreement will generally bear interest at an annual rate equal to 0.75% above U.S. Bank's prime rate. All
borrowings under the Loan Agreement are secured by substantially all of the assets of Hennessy Advisors.
The Loan Agreement contains
customary restrictive covenants pertaining to the management and operations of Hennessy Advisors, including restrictions regarding
stock repurchases and distributions. The Loan Agreement also includes certain financial covenants that require, among other things,
(1) the maintenance of a consolidated debt to consolidated earnings before interest, taxes, depreciation and amortization (excluding,
among other things, certain non-cash gains and losses) ("EBITDA") ratio of not more than (a) 2.75 to 1.00, measured
as of the fiscal quarter ending March 31, 2013 and (b) 2.50 to 1.00, measured as of the last day of each fiscal quarter thereafter
and (2) a consolidated fixed charge coverage ratio of at least 1.25 to 1.00, measured as of the last day of each fiscal quarter,
with each quarterly measurement period calculated for the two fiscal quarters then ended. For the purposes of the consolidated
debt to consolidated EBITDA ratio, consolidated EBITDA for the two consecutive fiscal quarter period of Hennessy Advisors ending
on such day will be multiplied by two.
The Loan Agreement also
includes customary events of default, including, but not limited to, the failure to pay any interest or principal when due, the
failure to perform covenants required by the Loan Agreement, untrue or incorrect representations or warranties, insolvency or bankruptcy,
the termination of certain of the management agreements between Hennessy Advisors and the mutual funds that it manages, Hennessy
Advisors ceasing to be registered with the Securities and Exchange Commission as an investment adviser, the occurrence of certain
events related to Hennessy Advisors' employee compensation and benefit plans, certain judgment defaults and a change of control.
If an event of default under the Loan Agreement occurs and is continuing, then U.S. Bank may declare any outstanding obligations
under the Loan Agreement to be immediately due and payable. In addition, if Hennessy Advisors becomes the subject of voluntary
or involuntary proceedings under any bankruptcy, insolvency or similar law, then any outstanding obligations under the Loan Agreement
will automatically become immediately due and payable.
The foregoing description
of the Loan Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Loan
Agreement filed herewith as Exhibit 4 and incorporated herein by reference.
Item 2.03.	Creation of a Direct
Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information
provided in Item 1.01 of this Current Report on Form 8-K is hereby incorporated by reference into this Item 2.03.
2
Item 9.01.	Financial Statements and Exhibits.
Exhibit
Description
4
Second Amended and Restated Loan Agreement between Hennessy Advisors, Inc. and U.S. Bank National
Association, dated October 26, 2012.
3
signatures
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.
October 31, 2012
By:
/s/ Neil J. Hennessy
Neil J. Hennessy
President
4
HENNESSY ADVISORS,
INC.
Exhibit Index to Current Report on Form
8-K dated October 26, 2012
Exhibit
Description
4
Second Amended and Restated Loan Agreement between Hennessy Advisors, Inc. and U.S. Bank National Association, dated October 26, 2012.