Highest-materiality recent filing
Heritage Global acquires Boston Note Company to expand into seller-note market
Acquisition of Boston Note Company, a nationwide broker of privately held loans, notes, and mortgages.
Heritage Global to wind down specialty lending segment; expects material non-cash Q2 charge
Board authorized wind-down of Heritage Global Capital (HGC) specialty lending business due to continued difficulties with largest borrower.
Heritage Global holds annual meeting; elects Hexner and Burnham as Class II directors
Michael Hexner elected with 12,393,622 votes for, 331,369 withheld; broker non-votes 10,793,957.
Heritage Global acquires DebtX loan-sale platform for $8.45M cash
Heritage DebtX LLC acquired substantially all assets of The Debt Exchange, Inc. for $8.45 million in cash on hand.
Heritage Global holds 2025 annual meeting; elects three Class I directors and ratifies auditor
Elected Class I directors: Samuel Shimer (12,150,062 for), Kelly Sharpe (12,194,644 for), Ross Dove (12,364,012 for).
Heritage Global subsidiary obtains $4.1M mortgage to buy corporate headquarters property
Heritage Nancy Ridge, subsidiary of Heritage Global, entered $4.1M term loan with C3bank, maturing Feb 2035.
Heritage Global sets 2025-2028 compensation plan for CFO Brian Cobb
Annual base salary of $300,000 for 2025-2028.
Heritage Global expands share buyback program to $6M, extends to June 2025
Board increased share repurchase authorization from $4 million to $6 million.
Shareholders approve technical amendments to articles, elect director, ratify auditor
Elected Barbara Sinsley as Class III director with 15.2M votes for, 597.7K withheld, 11.5M broker non-votes.
Heritage Global refinances largest borrower's obligations, extends maturities
On Nov 28, 2023, Heritage Global reached a refinancing agreement with its largest borrower.
Heritage Global director Shirley S. Cho resigns from Board and Compensation Committee
Shirley S. Cho resigned as director and from the Compensation Committee effective August 14, 2023.
Nick Dove, President of Industrial Assets, gets $250k base salary, bonus up to 10% of division NOI, employment through Dec 31, 2026.
Heritage Global amends $10M revolver and adds $7M term loan with C3bank
Amended $10M revolver matures Oct 27, 2024; interest rate is prime + 1.00% (floor 6.75%).
Heritage Global appoints Bill Burnham to Board of Directors, effective April 1, 2023
William (Bill) Burnham appointed as Class II director; term expires at 2023 annual meeting.
Heritage Global reports FY2022 record operating income $11.1M, EPS $0.42
FY2022 operating income $11.1M vs $3.0M in 2021; net income $15.5M vs $3.1M.
Heritage Global modifies $10M revolving credit facility covenants with C3bank
Modification effective April 1, 2022; agreement signed August 23, 2022.
Heritage Global engages UHY as new auditor after Baker Tilly resignation
Baker Tilly resigned as auditor on August 10, 2022, with no disagreements or reportable events.
Shareholders approved 2022 Equity Incentive Plan authorizing 3,500,000 common shares, replacing 2016 Stock Option Plan.
Heritage Global approves CFO Brian Cobb's compensation plan; base salary $250K
Base salary of $250,000 for years 2022-2024.
Heritage Global sets triennial say-on-pay frequency after shareholder vote
Shareholders at June 9, 2021 annual meeting voted for triennial say-on-pay frequency.
Heritage Global appoints Shirley Cho to board, replacing Brendan Ryan
Brendan Ryan resigned from Board effective Dec 19, 2021; no disagreement with company.
Heritage Global acquires American Laboratory Trading for $4.3M; adds $1.3M property
Total consideration of $4.3M: $2.3M cash plus $2M subordinated promissory note at 3% due 2025.
Shirley S. Cho notified Heritage Global, Inc. (the “Company”) of her decision to resign as a member of the Company’s Board of Directors
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.
Max materiality 0.85 · Median 0.40 · Most common event other_material