---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-009182"
form_type: "8-K"
ticker: "HGBL"
cik: "0000849145"
company_name: "Heritage Global Inc."
filed_at: "2023-03-22T23:59:59+00:00"
generated_at: "2026-06-17T21:53:15.131424+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Heritage Global appoints Bill Burnham to Board of Directors, effective April 1, 2023

## Summary
- William (Bill) Burnham appointed as Class II director; term expires at 2023 annual meeting.
- Compensation includes $25,000 annual retainer, $5,000 Audit Committee supplement, and 15,000 restricted stock units vesting in one year.
- Burnham brings 20+ years as institutional investor, venture capitalist, and equity analyst; currently Managing Member of Inductive Capital.

## SEC filing metadata
- accession: 0000950170-23-009182
- form_type: 8-K
- ticker: HGBL
- cik: 0000849145
- company_name: Heritage Global Inc.
- filed_at: 2023-03-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/849145/000095017023009182/0000950170-23-009182-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/849145/000095017023009182/hgbl-20230317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-009182
- JSON: https://secwatch.observer/filing/0000950170-23-009182.json
- Plain text: https://secwatch.observer/filing/0000950170-23-009182.txt

## Key facts
- Executive change
  William (Bill) Burnham was appointed as Class II director at Heritage Global Inc..
  - Action: appointed
  - Role: Class II director
  source text: On March 17, 2023, the Board, with the recommendation of the Corporate Governance Committee of the Board, appointed William (Bill) Burnham to fill a vacancy, effective April 1, 2023, as a Class II director of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/849145/000095017023009182/0000950170-23-009182-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.