---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-028913"
form_type: "8-K"
ticker: "HGBL"
cik: "0000849145"
company_name: "Heritage Global Inc."
filed_at: "2023-06-20T23:59:59+00:00"
generated_at: "2026-06-13T22:06:25.287717+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Heritage Global finalizes employment terms for division presidents; shareholders re-elect directors and ratify auditor

## Summary
- Nick Dove, President of Industrial Assets, gets $250k base salary, bonus up to 10% of division NOI, employment through Dec 31, 2026.
- David Ludwig, President of Financial Assets, gets $400k base salary, bonus up to 12% of division NOI, employment through Dec 31, 2027.
- At June 14 annual meeting, shareholders elected Michael Hexner, David Ludwig, and William Burnham as Class II directors.
- Shareholders ratified UHY LLP as independent auditor for fiscal year ending Dec 31, 2023.
- Nick Dove is nephew of CEO Ross Dove; both agreements approved by Compensation Committee.

## SEC filing metadata
- accession: 0000950170-23-028913
- form_type: 8-K
- ticker: HGBL
- cik: 0000849145
- company_name: Heritage Global Inc.
- filed_at: 2023-06-20T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 5.07
- EDGAR index: https://www.sec.gov/Archives/edgar/data/849145/000095017023028913/0000950170-23-028913-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/849145/000095017023028913/hgbl_8-k_2023_annual_mee.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-028913
- JSON: https://secwatch.observer/filing/0000950170-23-028913.json
- Plain text: https://secwatch.observer/filing/0000950170-23-028913.txt

## Key facts
- Shareholder Votes
  Heritage Global Inc. shareholders approved To ratify the appointment of UHY LLP as the Company’s independent auditor for the fiscal year ending December 31, 2023 at the 2023-06-14 meeting.
  - Proposal: auditor ratification
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: UHY LLP was ratified as the Company’s independent auditor for the fiscal year ending December 31, 2023. The results of the vote were as follows: For Against Abstentions Broker Non-Votes 25,964,656 19,007 811,103
  evidence_url: https://www.sec.gov/Archives/edgar/data/849145/000095017023028913/0000950170-23-028913-index.htm
- Shareholder Votes
  Heritage Global Inc. shareholders approved To elect Michael Hexner, David Ludwig and William Burnham as Class II directors at the 2023-06-14 meeting.
  - Proposal: director election
  - Outcome: passed
  - Meeting: 2023-06-14
  source text: Michael Hexner, David Ludwig and William Burnham were elected to serve as Class II directors. The results of the election were as follows: For Withheld Broker Non- Votes Michael Hexner 13,720,831 742,864 12,331,071 David Ludwig 14,201,276 262,419 12,331,071 William Burnham 14,211,037 252,658 12,331,071
  evidence_url: https://www.sec.gov/Archives/edgar/data/849145/000095017023028913/0000950170-23-028913-index.htm

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