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<SEC-DOCUMENT>0000909108-06-000036.txt : 20060502
<SEC-HEADER>0000909108-06-000036.hdr.sgml : 20060502
<ACCEPTANCE-DATETIME>20060502073404
ACCESSION NUMBER:		0000909108-06-000036
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20060426
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20060502
DATE AS OF CHANGE:		20060502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DIAMOND HILL INVESTMENT GROUP INC
		CENTRAL INDEX KEY:			0000909108
		STANDARD INDUSTRIAL CLASSIFICATION:	SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
		IRS NUMBER:				650190407
		STATE OF INCORPORATION:			OH
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24498
		FILM NUMBER:		06797149

	BUSINESS ADDRESS:	
		STREET 1:		375 NORTH FRONT STREET
		STREET 2:		SUITE 300
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215
		BUSINESS PHONE:		6142553333

	MAIL ADDRESS:	
		STREET 1:		375 NORTH FRONT STREET
		STREET 2:		SUITE 300
		CITY:			COLUMBUS
		STATE:			OH
		ZIP:			43215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANC STOCK GROUP INC
		DATE OF NAME CHANGE:	19971016

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND GROUP OF COMPANIES INC
		DATE OF NAME CHANGE:	19940301

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HEARTLAND FINANCIAL GROUP INC
		DATE OF NAME CHANGE:	19930714
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>x8k-0506.txt
<DESCRIPTION>DIAMOND HILL INVESTMENT GROUP, INC. 8-K
<TEXT>
                                 UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 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): April 26, 2006

                       Diamond Hill Investment Group, Inc.
- ------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)

                                      Ohio
- ------------------------------------------------------------------------------
                 (State or Other Jurisdiction of Incorporation)

             000-24498                              65-0190407
- ------------------------------------------------------------------------------
      (Commission File Number)         (I.R.S. Employer Identification No.)

      375 North Front Street, Suite 300, Columbus, Ohio              43215
- ------------------------------------------------------------------------------
      (Address of Principal Executive Offices)                    (Zip Code)

Registrant's Telephone Number, Including Area Code:   (614) 255-3333


- ------------------------------------------------------------------------------
          (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 (see General Instruction A.2. below):

[ ] 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-commincement 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))
<PAGE>

Item 1.01  Entry into a Material Definitive Agreement
- ---------  ------------------------------------------

	On March 10, 2006, Diamond Hill Investment Group, Inc. (the "Company")
entered into a letter agreement with its President and CEO, R. H. Dillon, to
reduce the required prior notice of non-renewal under Mr. Dillon's Employment
Agreement dated May 11, 2000 (the "Current Agreement") from 60 days to 15 days.
Under the prior notice requirement, notice of non-renewal would have been
required by either party by March 11, 2006.

	The Company and Mr. Dillon are still actively negotiating the terms
and conditions of a new employment agreement and to allow the parties to
continue to focus on negotiating a new agreement, on April 26, 2006, the
Company and Mr. Dillon signed a letter agreement to further reduce the
required prior notice of non-renewal from 15 days to one day.  The
April 26, 2006, letter agreement is attached to this Form 8-K as Exhibit 10.1
and is incorporated herein by this reference.


Item 9.01  Financial Statements and Exhibits
- ---------  ---------------------------------


	(a) - (c) Not applicable.

	(d)	Exhibits.

		Exhibit No.		Description
		-----------		-----------
		   10.1		Letter Agreement between Diamond Hill
				Investment Group, Inc. and R. H. Dillon dated
				April 26, 2006


                                    SIGNATURE
                                    ---------

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the registrant  has duly  caused  this  report  to be  signed  on its  behalf
by the undersigned hereunto duly authorized.

                                        DIAMOND HILL INVESTMENT GROUP, INC.


Date: May 2, 2006	                     By: /s/ James F. Laird
                                            -------------------------------
                                            James F. Laird, Chief Financial
                                             Officer and Secretary
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>ex101-0506.txt
<DESCRIPTION>AGREEMENT
<TEXT>
				EXHIBIT 10.1
				------------

			[DIAMOND HILL LETTERHEAD]

			       April 26, 2006


Mr. R. H. Dillon
Diamond Hill Investment Group, Inc.
375 North Front Street, Suite 300
Columbus, OH 43215

	RE:	Reduction of Required Prior Notice Under Section 2.a. of
		Employment Agreement Dated May 11, 2000, as Reduced by
		Letter Agreement Dated March 10, 2006

Dear Ric:

	On March 10, 2006, we entered into a letter agreement to reduce the
required prior notice of non-renewal of your current employment agreement from
60 to 15 days to allow us both to focus on negotiating the terms and conditions
of a new employment agreement between you and Diamond Hill Investment Group,
Inc.

	The expiration date of your current agreement is May 11, 2006, and
pursuant to the March 10, 2006 letter agreement, any notice of non-renewal must
be given by April 26, 2006.  As we have discussed, because we are still actively
negotiating a new agreement, the Board proposes that we further reduce the
required prior notice of non-renewal under Section 2.a. from 15 days to one day.
This will allow us to continue to focus on completing your new agreement,
without the risk of being unnecessarily locked into the current agreement for
another year.

	We view this as merely a formality and believe that in the near future
we will enter into a new employment agreement with you.  If you agree to this
further reduction in the required prior notice in Section 2.a., please sign this
letter in the space indicated below and return it to me.  Should you have any
questions, please let me know.  I and the other members of the Board look
forward to finalizing your new employment agreement and to working with you
toward Diamond Hill's future success.


							Very truly yours,

							/s/ David R. Meuse
							------------------
AGREED:							David R. Meuse
							Chairman of the Board
/s/ R. H. Dillon
- ----------------
R. H. Dillon


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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