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. (HGBL) executive Nicholas Kirk Dove, President, Industrial Assets, purchased 60,000 shares of Common Stock on 2026-08-17 at $1.099 per share in an open-market or private transaction. Following this buy, he directly holds 186,000 Common Stock shares.
Heritage Global Inc. reported weaker results for the quarter ended June 30, 2026. Total revenues were $12.3 million, down from $14.3 million a year earlier, and the company recorded a net loss of $15.9 million versus net income of $1.6 million in 2025.
Results were dominated by the Specialty Lending segment, where Heritage recorded a non-cash impairment of $18.2 million on equity method investments and a $3.5 million increase in the allowance for credit losses on notes receivable, tied to continuing difficulties with its largest borrower. Operating loss for the quarter was $20.9 million.
Cash and cash equivalents were $13.2 million and notes receivable in nonaccrual status had an amortized cost basis of $4.6 million. Total assets declined to $70.4 million and stockholders’ equity to $51.9 million. Subsequent to quarter-end, the board approved a strategic plan to wind down the Specialty Lending segment and completed the acquisition of Boston Note Company. Earlier in 2026, the company acquired substantially all assets of The Debt Exchange, Inc. for about $8.5 million, adding the DebtX commercial loan advisory business.
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.
Vanguard Capital Management LLC reports beneficial ownership of Heritage Global Inc common stock. Vanguard and certain affiliates beneficially own 1,571,677 shares, representing 4.52% of the outstanding common stock. Vanguard has sole voting power over 178,039 shares and sole dispositive power over 1,571,677 shares, with no shared voting or dispositive power. No other single person has an interest in more than 5% of the securities attributed to Vanguard.
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.