Welcome to our dedicated page for Hg Holdings SEC filings (Ticker: STLY), 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.
This page provides access to SEC filings for HG Holdings, Inc. (OTCQB: STLY), a holding company that, through its interest in HC Government Realty Trust, Inc., owns and operates single-tenant real estate properties in the United States leased to federal agencies. The company, incorporated in 1984 and headquartered in Charlotte, North Carolina, also announced an agreement to acquire title insurance-related entities, including National Consumer Title Insurance Company and National Consumer Title Group, LLC, which indirectly owns an interest in Omega National Title Agency.
HG Holdings, Inc.’s SEC filings include annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, among other documents. These filings can discuss topics such as the company’s real estate interests, leasing arrangements with federal agency tenants like the Federal Bureau of Investigation, the Drug Enforcement Administration, the Social Security Administration, and the Department of Transportation, and material transactions such as the announced title insurance platform acquisition, subject to regulatory approvals and closing conditions.
One example of a current report is a Form 8-K in which HG Holdings, Inc. disclosed a change in its independent registered public accounting firm. The filing explains that Horne LLP resigned following a transaction in which its partners and professional staff joined BDO USA, P.C., and that, with Audit Committee approval, BDO was appointed as the company’s new independent registered public accounting firm. The company reported that Horne’s audit reports did not contain adverse opinions or disclaimers of opinion and that there were no disagreements on accounting principles, financial statement disclosure, or auditing scope or procedures for the referenced periods.
On this filings page, users can review such disclosures and other SEC documents associated with STLY. The platform offers real-time updates from the EDGAR system and AI-powered summaries that explain the key points of lengthy filings, such as 10-K and 10-Q reports, in plain language. Users can also identify insider and related-party information reported in forms like Form 4, as available, and better understand how changes in auditors, real estate holdings, or announced acquisitions are described in the company’s official regulatory record.
HG Holdings, Inc. insider entities associated with Steven A. Hale II reported a sale of common stock and updated their indirect holdings. On 12/10/2025, Clark - Hale Fund, L.P. disposed of 97,678 shares of HG Holdings common stock at a price of $4.25 per share, reported as an indirect transaction. After this, the reporting structure shows indirect beneficial ownership of 1,550,439 shares by Hale Partnership Fund, L.P., 376,689 shares by Hale ICFG Fund, L.P., 63,100 shares by MGEN II - Hale Fund, L.P., 187,243 shares by Smith - Hale Fund, L.P., and 87,704 shares by Dickinson - Hale Fund, L.P. The filing states that Hale Partnership Capital Advisors, LLC, Hale Partnership Capital Management, LLC, and Mr. Hale may be deemed beneficial owners of these shares but each disclaims beneficial ownership except to the extent of pecuniary interest.
HG Holdings, Inc. received an updated Schedule 13D/A from investment entities associated with Steven A. Hale II, reporting a controlling stake in the company. The reporting group now beneficially owns 3,804,935 shares of common stock, representing about 74.5% of the 5,107,035 shares outstanding. This ownership comes through several Hale-managed funds, a separately managed account, and 27,777 shares held directly by Mr. Hale as vested restricted stock granted for his role as Chairman and CEO.
The filing notes that on December 10, 2025 the company repurchased 97,678 shares from Clark - Hale Fund, L.P. at $4.25 per share for a total of $415,131.50, after which that fund no longer holds HG Holdings stock. It also references earlier transactions in April 2025 in which Hale funds and a managed account contributed ACMAT Corporation shares to HG Holdings in exchange for a total of 2,899,876 HG Holdings shares, and a services agreement under which HG Holdings will provide operational and managerial services to an affiliate of Mr. Hale for $6 million per year over three years.
HG Holdings, Inc. reported stronger results for Q3 2025 as it expanded its mix of title operations and fee-based services. Total revenue was $4.12 million (up from $3.07 million a year ago), driven by $1.89 million in net premiums written, $0.73 million in escrow and other title fees, and $1.50 million in management fees from related parties. Net income rose to $1.29 million, or $0.23 per share, versus $0.17 million in the prior-year quarter.
For the nine months ended September 30, 2025, revenue reached $10.90 million and net income was $1.96 million, a turnaround from a small loss in 2024. Cash and cash equivalents were $10.31 million, with restricted cash of $10.55 million, and total assets of $55.01 million as of September 30, 2025.
During 2025, the company executed notable capital and strategic actions: it entered a Master Services Agreement effective June 1, 2025 providing services for $6 million per year over three years; issued 2,899,876 shares to acquire a 39.1% equity interest (10.4% voting power) in ACMAT; repurchased 402,322 shares for $3,138,112 at $7.80 per share; and reduced authorized shares to 7,000,000 common and 1,000,000 preferred. Shares outstanding were 5,204,713 as of November 11, 2025.
HG Holdings, Inc. announced a change in its independent auditor. After the partners and staff of Horne LLP joined BDO USA, P.C., Horne resigned as the Company’s independent registered public accounting firm effective November 1, 2025, and the Audit Committee approved the appointment of BDO as the new auditor effective the same date.
The Company did not consult BDO on accounting principles, specific transactions, or potential audit opinions prior to the engagement. Horne’s reports on the Company’s financial statements for the years ended December 31, 2024 and December 31, 2023 contained no adverse opinion or disclaimer and were not qualified or modified. The Company reports no disagreements with Horne on accounting, disclosure, or audit scope during those periods and through the resignation date. Horne’s concurrence letter is filed as Exhibit 16.1.
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