Welcome to our dedicated page for Heritage Global SEC filings (Ticker: HGBL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Heritage Global Inc. SEC filings document governance, shareholder voting matters and material corporate transactions for an asset-services company focused on industrial and financial assets. Proxy materials describe annual meeting procedures, shareholder voting matters and related governance disclosures.
Current event filings include material definitive agreements tied to the completed acquisition of substantially all assets and certain liabilities of The Debt Exchange by wholly owned Heritage DebtX LLC. Those records describe the acquired loan-portfolio advisory, valuation, market-data and execution-support business within Heritage Global's Financial Assets division.
Heritage Global Inc. reported the results of its 2026 Annual Meeting of Shareholders held on June 3, 2026. As of the April 6, 2026 record date, 34,734,754 shares of common stock and 563 shares of Series N Preferred Stock were outstanding and entitled to vote.
Shareholders elected Michael Hexner as a Class II director with 12,393,622 votes for, 331,369 withheld and 10,793,957 broker non-votes. They elected William Burnham as a Class II director with 12,591,056 votes for, 133,935 withheld and 10,793,957 broker non-votes.
Shareholders also ratified the appointment of UHY LLP as independent auditor for the fiscal year ending December 31, 2026, with 23,370,993 votes for, 145,179 against, 2,776 abstentions and no broker non-votes.
Heritage Global Inc. President of Industrial Assets Nicholas Kirk Dove bought 26,000 shares of Common Stock in an open-market purchase at $1.215 per share. Following this transaction, he directly holds 126,000 shares of Heritage Global common stock.
Heritage Global Inc. president exercises options and covers taxes with shares. On May 14, 2026, Ludwig Thomas Van exercised options to acquire 31,875 shares of common stock at $0.70 per share and had 23,919 shares withheld to satisfy tax obligations, resulting in a net increase of 7,956 shares. Following these transactions, he directly holds 246,527 common shares and retains 85,000 options to purchase common stock at $0.70 per share, expiring on June 1, 2029. The footnote states these options were granted on June 1, 2019 and vested 25% annually beginning one year after the grant.
Heritage Global Inc. ownership disclosure by Punch & Associates Investment Management, Inc. reports beneficial ownership of 2,244,148 shares of Common Stock, representing 6.50% of the class as of 03/31/2026. The filing is an Amendment No. 4 to a Schedule 13G/A and is signed by Howard D. Punch, Jr.
Heritage Global Inc. executive James Edward Sklar, EVP, General Counsel & Secretary, reported an open-market sale of 3,734 shares of common stock on May 1, 2026, at a weighted average price of $1.33 per share. The sale was made under a previously established Rule 10b5-1 trading plan and executed in multiple trades between $1.31 and $1.36 per share. After this transaction, Sklar directly owns 257,391 Heritage Global shares.
Heritage Global Inc. reported first-quarter 2026 net income of $0.7 million, down from $1.1 million a year earlier, as revenue slipped to $12.7 million from $13.5 million. Margins were pressured by higher selling, general and administrative expenses and a loss contribution from the newly acquired DebtX unit.
The company closed the $8.5 million acquisition of The Debt Exchange, Inc., adding the DebtX commercial loan advisory business, which generated $0.6 million of revenue but a $0.6 million net loss in the quarter. Total assets were $85.0 million, with cash of $11.6 million and a $4.1 million mortgage on its headquarters.
Heritage Global’s specialty lending operations remain heavily exposed to a single defaulted borrower. As of March 31, 2026, loans in nonaccrual status totaled $23.7 million, including $4.8 million in notes receivable and $18.9 million within equity method investments. Management is pursuing a multi‑year workout focused on monetizing the underlying charged‑off consumer portfolios, but future recoveries are uncertain.
Morgan Stanley Smith Barney LLC filed a Form 144 reporting proposed sales of Common stock by James Sklar under a 10b5-1 plan. The notice lists 3,734 shares with planned sale entries on 02/02/2026, 03/02/2026, and 04/01/2026, and associated amounts of 5113.71, 4842.20, and 5031.94 respectively. The filing names Morgan Stanley Smith Barney LLC as the broker and shows NASDAQ as the exchange.
Vanguard Capital Management reports beneficial ownership in Heritage Global Inc. The filing states Vanguard Capital Management beneficially owns 1,834,364 shares of Heritage Global Inc Common Stock, representing 5.28% of the class. The filer reports sole dispositive power over 1,834,364 shares and sole voting power over 176,817 shares.
The signature block is dated 04/30/2026 and names Ashley Grim, Head of Global Fund Administration, as the filing signer. Additional text describes that the reported holdings include shares held for Vanguard funds and managed accounts over which Vanguard Capital Management exercises dispositive authority.
Heritage Global Inc. is asking shareholders to vote at its virtual 2026 Annual Meeting on June 3, 2026. Investors will elect two Class II directors, Michael Hexner and William Burnham, to terms ending in 2029 and ratify UHY LLP as independent auditor for the 2026 fiscal year.
Holders of 34,734,754 common shares and 563 Series N preferred shares as of April 6, 2026 may vote, with preferred stock carrying 40 votes per share. The Board recommends voting FOR both director nominees and FOR auditor ratification. The proxy describes a three-committee governance structure, all-independent key committees, and a Code of Conduct with anti-hedging and insider-trading rules.
Executive pay blends fixed salary, performance-based cash tied mainly to operating income, and equity. In 2025, CEO Ross Dove received $425,000 in salary, a $116,718 cash bonus and $93,591 in restricted stock. Division presidents David Ludwig and Nicholas Dove earned substantial bonuses based on divisional operating income under existing employment agreements.