Heritage Global Inc. shareholders approved Ratify the appointment of UHY LLP as the Company's independent auditor for the fiscal year ending December 31, 2026 at the 2026-06-03 meeting.
“UHY LLP was ratified as the Company's independent auditor for the fiscal year ending December 31, 2026. The results of the vote were as follows: For Against Abstentions Broker Non-Votes 23,370,993 145,179 2,776 0”
Shareholder Votes
Heritage Global Inc. shareholders approved Election of Michael Hexner and William Burnham as Class II directors at the 2026-06-03 meeting.
“Michael Hexner 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 12,393,622 331,369 10,793,957 William Burnham 12,591,056 133,935 10,793,957”
Material Agreements
Heritage Global Inc. entered into Asset Purchase Agreement with The Debt Exchange, Inc. valued at $8,450,000 (effective 2026-01-09).
“On January 9, 2026, Heritage DebtX LLC (“Heritage DebtX LLC”), a Delaware limited liability company and wholly owned subsidiary of Heritage Global Inc., a Florida corporation (“HG” or the “Company”) entered into an Asset Purchase Agreement (the “Purchase Agreement”) with The Debt Exchange, Inc., a Delaware corporation (“DebtX”)”
M&A Transactions
Heritage Global Inc. completed an acquisition involving The Debt Exchange, Inc. for $8,450,000 in cash (closed 2026-01-09).
“execution support for banks, specialty-finance companies, government agencies, and institutional investors (the “Transaction”). HG paid DebtX an aggregate purchase price of $8,450,000 in cash. The source of funds used for the purchase price was cash on hand. The Transaction closed on January 9, 2026. Other than in respect of the Transaction, there are no”
Debt Financings
Heritage Global Inc. incurred term loan of $4.1 million with C3bank, National Association at 6.500% for the first three years of the Mortgage maturing February 5, 2035.
“On February 6, 2025, Heritage Nancy Ridge LLC (“Heritage Nancy Ridge”), an indirect and wholly owned subsidiary of Heritage Global Inc. (the “Company”) entered into a promissory note, a business loan agreement and commercial security agreement (collectively, the “Mortgage Loan Agreement”) with C3bank, National Association (the “Lender”). The Mortgage Loan Agreement provides for a $4.1 million term loan (the “Mortgage”).”
Shirley S. Cho resigned as Director at Heritage Global Inc..
“Shirley S. Cho notified Heritage Global, Inc. (the “Company”) of her decision to resign as a member of the Company’s Board of Directors”
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.
“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”
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.
“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”
Debt Financings
Heritage Global Inc. incurred term loan of $7.0 million term loan with C3bank, National Association at prime rate plus a margin of 0.250% maturing April 27, 2028.
“The New Credit Facility, provides for a new $7.0 million term loan (the "New Term Loan; the New Credit Facility and the New Term Loan, the “ New Credit Facility ”).”
Debt Financings
Heritage Global Inc. amended revolving credit of $10.0 million revolving line of credit with C3bank, National Association at prime rate plus a margin of 1.00% (such rate not to be less than 6.750% per annu maturing October 27, 2024.
“agreement and agreement to provide insurance (the “ 2021 Credit Facility ” and, together the Amended Credit Facility, the “ Amended Credit Facility ”) with the Lender for a $10.0 million revolving line of credit. The Company is permitted to use the proceeds of the Amended Credit Facility solely for its business operations. The Amended Credit Facility extends the”
William (Bill) Burnham was appointed as Class II director at Heritage Global Inc..
“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.”
Earnings Releases
Heritage Global Inc. reported the fiscal quarter and year ended December 31, 2022 results: net income $ 15,493, EPS $ 0.42.
“the Company’s results of operations for the fiscal quarter and year ended December 31, 2022”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.