David Gonzalez
On May 31, 2023, the Company’s Board appointed David Gonzalez as the Company’s Chief Operating Officer.
Highest-materiality recent filing
InterGroup shareholders elect two directors, ratify auditor at 2026 annual meeting
Yvonne L. Murphy elected as Class B director with 1,517,016 votes for, 1,253 withheld, 181,799 broker non-votes.
InterGroup corrects proxy card error; Class B director term is 3 years to 2028
Proxy card incorrectly stated Class B director term expires at 2027 meeting.
InterGroup Q3 FY2026 net income $0.595M vs loss; hotel revenues up 35%
Total revenues $20.372M (+21% YoY); operating income $4.260M (+81% YoY).
InterGroup confirms appointment of Whitley Penn as independent auditor
Whitley Penn LLP accepted engagement as Company's independent registered public accounting firm on March 26, 2026.
InterGroup dismisses WithumSmith+Brown as auditor; appoints Whitley Penn for FY2026
Dismissed WithumSmith+Brown effective March 19, 2026; no disagreements or reportable events during fiscal 2025 and 2024.
InterGroup Q2 revenue up 20% to $17.3M; net income $1.0M vs loss; sells LA multifamily for $4.85M
Total revenues $17.3M (+20% YoY); hotel revenues $12.6M (+27%); net income $1.0M vs $3.7M loss.
Director John C. Love resigns; Andrew Kaplan appointed to board of InterGroup Corporation
John C. Love resigned from the Board effective January 12, 2026, with no disagreement over operations, policies, or practices.
InterGroup sells non-core 12-unit LA apartment for $4.85M; expects ~$3.5M GAAP gain
Gross sales price ~$4.85M, debt repaid ~$1.86M, net cash proceeds ~$2.58M after closing adjustments.
InterGroup Q1 FY2026 net loss widens to $535K; real estate income up 20%
Net loss attributable to InterGroup $535,000 vs $398,000 prior year.
InterGroup FY2025 net loss narrows 40% to $7.5M; Hotel income up 52%
Net loss $7.5M vs $12.6M in FY2024; diluted EPS loss $3.49 vs $5.66.
InterGroup regains Nasdaq compliance on market value rule; listing continues
Received Nasdaq confirmation Sept 17, 2025; compliance demonstrated as of Sept 15, 2025 after 11 consecutive days with market value >$35M.
Nasdaq grants The InterGroup Corp. extension to Sept 30, 2025 to meet $35M market value listing rule
Company received delisting notice on May 27, 2025 for market value below $35M for 180+ days.
Nasdaq notifies InterGroup of delisting for market value below $35M; company to appeal
Market value of listed securities had been below $35M for 30+ days as of Nov 21, 2024.
InterGroup Corp. shareholders re-elect both director nominees and ratify auditors at annual meeting
John V. Winfield re-elected as Class A director with 1,548,054 votes for, 1,818 against.
InterGroup subsidiary refinances Hilton SF hotel with $103.3M in new loans
Justice Operating Co. obtained $67M mortgage loan at SOFR + 4.80%, with a 4.50% cap on Term SOFR.
InterGroup subsidiary receives notice of termination event on $97M loans after missing Jan 1 payment
Notice received Jan 3, 2025 for two loans (M300801016 and M300801015) totaling $97M principal.
Nasdaq notifies InterGroup of MVLS non-compliance; cure period to May 2025
Received Nasdaq Deficiency Letter on Nov 21, 2024 for MVLS below $35M from Oct 7 to Nov 20, 2024.
Shareholders elect John C. Love as Class C director; all proposals pass at annual meeting
John C. Love elected with 1,596,939 votes for, 11,955 withheld, 137,537 broker non-votes.
InterGroup subsidiary enters forbearance agreements; $8.6M principal paydown required
Mortgage Loan Forbearance with U.S. Bank allows no action until Jan 1, 2025, subject to Termination Event.
Default notice received Jan 4, 2024 for $97M principal loans to Justice Operating Company, LLC (wholly owned subsidiary of Portsmouth Square, Inc.).
InterGroup grants 18,000 options to COO; extends CEO Winfield's 133,195 options to 2029
Issued 18,000 10-year options to COO Gonzalez, vesting 1/3 annually starting Oct 13, 2024.
InterGroup appoints David Gonzalez as COO; annual meeting elects directors and ratifies auditor
David Gonzalez appointed Chief Operating Officer effective May 31, 2023.
Danfeng Xu resigns as Treasurer and Controller of The InterGroup Corp.
Danfeng Xu resigned as Treasurer and Controller effective August 31, 2022.
InterGroup shareholders elect Winfield and Babin as Class A directors, ratify auditor
John V. Winfield elected with 1,815,485 for, 1,442 withheld; Jerold R. Babin with 1,815,466 for, 1,461 withheld.
Auditor Moss Adams resigns; InterGroup appoints Withum Smith & Brown as new auditor
Moss Adams LLP resigned as independent auditor on December 10, 2021, with no adverse opinions or disagreements.
On May 31, 2023, the Company’s Board appointed David Gonzalez as the Company’s Chief Operating Officer.
On August 31, 2022, Danfeng Xu resigned as the Treasurer and Controller of The InterGroup Corporation effective immediately.
Max materiality 0.85 · Median 0.55 · Most common event other