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Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 of Section 15(d) of the Act.Yes¨No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 duringthe preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements forthe past 90 days.Yes☒No¨ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 ofRegulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit suchfiles).Yes☒No¨ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer," “smaller reporting company," and "emerging growth company"in Rule 12b-2 of the Exchange Act. Large accelerated filer¨Non-Accelerated filer¨Emerging growth company¨ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new orrevised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness of its internal controlover financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15. U.S. C 7262(b)) by the registered public accounting firm that prepared or issuedits audit report.Yes☒No¨ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filingreflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received byany of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes¨No☒ The aggregate market value of the registrant’s Common Stock held by non-affiliates (excludes shares held by executive officers, directors and beneficialowners of 10% or more of the registrant’s outstanding Common Stock) on June 28, 2024 was approximately $527,101,000 based upon the closing market priceof $31.58 on that date of a share of Common Stock as reported on the Nasdaq Global Stock Market. As of February 27, 2025, there were 20,409,835 shares ofthe Company’s Common Stock outstanding. Portions of the registrant’s definitive Proxy Statement for its Annual Meeting of Stockholders to be held on May 22, 2025, are incorporated byreference into Part III of this Form 10-K. TABLE OF CONTENTS ITEM 1. BUSINESS Overview Heidrick & Struggles International, Inc. (“Heidrick & Struggles”) is a human capital leadership advisory firm providingexecutive search, consulting and on-demand talent services to businesses and business leaders worldwide to help them toimprove the effectiveness of their leadership teams. When we use the terms “Heidrick & Struggles,” “the Company,” “we,”“us” and “our,” in this Form 10-K, we mean Heidrick & Struggles International, Inc. a Delaware corporation, and itsconsolidated subsidiaries. We provide our services to a broad range of clients through the expertise of over 500 consultantslocated in major cities around the world. Heidrick & Struggles and its predecessors have been leadership advisors for more than70 years. Heidrick & Struggles was formed as a Delaware corporation in 1999 when two of our predecessors merged to formHeidrick & Struggles. Our service offerings include the following: Executive Search.We partner with our clients - respected organizations across the globe - to help them build and sustainthe best leadership teams in the world, with a specialized focus on the placement of top-level senior executives. Through ourunique relationship-based, data-driven approach, we help our clients find the right leaders, set them up for success, andaccelerate their and their team’s performance. We believe focusing on top-level senior executives offers several competitive advantages including access to and influencewith key decision makers, increased potential for recurring search and consulting engagements, higher fees per search,enhanced brand visibility, and a leveraged global footprint. Working at the top of client organizations also facilitates theattraction and retention of high-caliber consultants who desire to serve top industry executives and their leadership needs. Ourexecutive searc