secwatch.observer — SEC 8-K summary
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Issuer:     Heritage Global Inc. (HGBL)
CIK:        0000849145
Form:       8-K
Filed at:   2022-05-31T23:59:59+00:00
Accession:  0000950170-22-010939
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Heritage Global approves CFO Brian Cobb's compensation plan; base salary $250K
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- Base salary of $250,000 for years 2022-2024.
- Up to 20% discretionary bonus based on CEO assessment of performance and risk mitigation.
- Up to 30% bonus tied to operating income thresholds: $7.25M (10%), $10.5M (10%), $12.5M (10%).
- Bonuses paid in restricted stock valued at date of annual earnings report.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/849145/000095017022010939/0000950170-22-010939-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/849145/000095017022010939/hgbl-20220524.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-010939

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer