Heritage Global (HGBL) shareholders elect directors, ratify UHY as 2026 auditor
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
8-K Event Classification
Item 5.07 — Submission of Matters to a Vote of Security Holders
1 item
Item 5.07
Submission of Matters to a Vote of Security Holders
Governance
Results of a shareholder vote on proposals at an annual or special meeting.
Key Figures
Record date voting common shares: 34,734,754 shares
Record date Series N Preferred shares: 563 shares
Votes for Michael Hexner: 12,393,622 for; 331,369 withheld
+4 more
7 metrics
Record date voting common shares
34,734,754 shares
Outstanding and entitled to vote as of April 6, 2026
Record date Series N Preferred shares
563 shares
Outstanding and entitled to vote as of April 6, 2026
Votes for Michael Hexner
12,393,622 for; 331,369 withheld
Election as Class II director at 2026 annual meeting
Votes for William Burnham
12,591,056 for; 133,935 withheld
Election as Class II director at 2026 annual meeting
Director election broker non-votes
10,793,957 broker non-votes
For each Class II director election
Auditor ratification votes for
23,370,993 for
Ratification of UHY LLP for fiscal year ending December 31, 2026
Auditor ratification against/abstain
145,179 against; 2,776 abstentions
Ratification of UHY LLP as independent auditor
Key Terms
Annual Meeting of Shareholders, record date, Class II directors, independent auditor, +1 more
5 terms
record date financial
"As of April 6, 2026, the record date for the Annual Meeting, a total of 34,734,754 shares"
The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.
Class II directors financial
"To elect Michael Hexner and William Burnham as Class II directors;"
independent auditor financial
"To ratify the appointment of UHY LLP as the Company’s independent auditor"
An independent auditor is an outside, qualified accounting professional or firm that examines a company's financial records and controls to determine whether its financial statements are accurate and prepared according to accepted accounting rules. Like a neutral referee or home inspector, the auditor issues a report that gives investors confidence (or raises red flags) about the reliability of the numbers, which affects assessments of risk, valuation and investment decisions.
broker non-votes financial
"The results of the election were as follows ... Broker Non- Votes"
Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Were Heritage Global Inc. (HGBL) director nominees elected at the 2026 annual meeting?
Yes. Michael Hexner received 12,393,622 votes for and William Burnham received 12,591,056 votes for. Both had relatively low withheld votes and substantial broker non-votes, resulting in their election as Class II directors.
When was the record date for Heritage Global Inc. (HGBL) 2026 annual meeting?
The record date was April 6, 2026. Shareholders holding Heritage Global common stock or Series N Preferred Stock on that date were entitled to vote on director elections and the auditor ratification at the June 3, 2026 annual meeting.