Every 8-K that HERITAGE GLOBAL INC (HGBL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow HGBL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HGBL filings page.
Heritage Global Inc. reported that its Financial Assets division has acquired Boston Note Company, a nationwide broker and buyer of privately held loans, notes, and mortgages, often referred to as seller or carry-back notes.
Management plans to build on Boston Note’s position in performing residential real estate by using existing institutional investor relationships at DebtX and NLEX to expand into Commercial Real Estate (CRE) backed seller notes, jumbo residential real estate notes, and liquidity options for non-performing seller and carryback notes. Following the transaction, Boston Note will operate as “Boston Note, a Heritage Global company.” Financial terms of the deal were not disclosed.
Heritage Global Inc. approved a strategic Exit Plan to wind down its Specialty Lending segment, operated through wholly owned subsidiary Heritage Global Capital LLC, after continued difficulties with its largest borrower and further deterioration in the second quarter of 2026. The plan includes exiting joint ventures tied to this lending business.
The company expects cash expenditures primarily for employee-related and professional services costs and a material non-cash impairment charge for the quarter ended June 30, 2026, including write-downs of equity method investments and higher reserves for credit losses on nonaccrual loans. The Exit Plan is expected to begin in the third quarter of 2026, and the second quarter 2026 financial results conference call has been rescheduled to August 13, 2026 to allow time to determine the impairment amount.
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. reported that its wholly owned subsidiary, Heritage DebtX LLC, entered into an Asset Purchase Agreement to acquire substantially all assets and certain liabilities of The Debt Exchange, Inc. (DebtX), effective January 1, 2026. Heritage Global paid $8,450,000 in cash funded from cash on hand, and the transaction closed on January 9, 2026. The acquired business provides loan-portfolio advisory and valuation services, proprietary market-transaction data, and execution support for financial institutions and government agencies, and will operate within Heritage Global’s Financial Assets Division.
In connection with the deal, Heritage DebtX LLC entered into an employment agreement with Bruce Hounsell, who will become Co-President on January 26, 2026 and President after March 31, 2026. His agreement runs through January 26, 2029 and includes a $400,000 annual base salary, performance-based bonus eligibility, a one-time grant of 500,000 stock options vesting over three years, and a commission/revenue-share arrangement via MaisieDog LLC capped at $500,000 in aggregate commissions or retained revenue, along with standard severance, benefits, and restrictive covenants.