0000849145false00008491452024-09-132024-09-13

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of The Securities Exchange Act of 1934

Date of Report (date of earliest event reported): September 13, 2024

img162495151_0.jpg 

HERITAGE GLOBAL INC.

(Exact name of registrant as specified in its charter)

Florida

001-39471

59-2291344

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

12625 High Bluff Drive, Suite 305, San Diego, California

92130

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code: (858) 847-0656

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (l7 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 Par Value

HGBL

Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

Item 8.01. Other Events.

On September 13, 2024, Heritage Global Inc. (the “Company”)’s Board of Directors approved an amendment to the Company’s existing share repurchase program (the “Repurchase Program”) to (i) increase the authorized aggregate amounts of shares of the Company’s common stock the Company may repurchase from $4.0 million to $6.0 million and (ii) extend the term of the Repurchase Program from May 4, 2025 to June 30, 2025. Under the Repurchase Program, the Company may repurchase shares in open market transactions, privately negotiated transactions or through a series of forward purchase agreements, option contracts or similar agreements, including Rule 10b5-1 trading plans, subject to business opportunities and other factors.

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

HERITAGE GLOBAL INC.

 

 

 

 

Date: September 16, 2024

By:

 /s/ Ross Dove

 

 

Ross Dove

 

 

Chief Executive Officer

 

 

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Document and Entity Information
Sep. 13, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Sep. 13, 2024
Entity Registrant Name HERITAGE GLOBAL INC.
Entity Central Index Key 0000849145
Entity File Number 001-39471
Entity Tax Identification Number 59-2291344
Entity Incorporation, State or Country Code FL
Entity Address, Address Line One 12625 High Bluff Drive
Entity Address, Address Line Two Suite 305
Entity Address, City or Town San Diego
Entity Address, State or Province CA
Entity Address, Postal Zip Code 92130
City Area Code 858
Local Phone Number 847-0656
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $0.01 Par Value
Trading Symbol HGBL
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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