Company: HGBL
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056713
Chunk: 35

Company: Heritage Global Inc.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 35
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30, 2024 each director who is not an employee of the Company received a $12,500 cash retainer and a grant of 15,000 shares of restricted common stock vesting over twelve months (with the exception of Dove and Ludwig, who, as employees of the Company, do not receive compensation for their service as directors). In addition, the Chairman of the Board received a cash retainer of $37,500, the Chair of the Audit Committee received a cash retainer of $30,000, Audit Committee members who are not the Chair received a cash retainer of $2,500 and $1,000 for each meeting attended. Other committee chairpersons received a cash retainer of $3,000, and other non-chair committee members received a cash retainer of $1,500.

Following the approval of the 2024 Director Compensation Plan, from July 1, 2024 to December 31, 2024 each director who is not an employee of the Company received a $25,000 cash retainer (with the exception of Dove and Ludwig, who, as employees of the Company, do not receive compensation for their service as directors). In addition, the Chairman of the Board received a cash retainer of $37,500, the Chair of the Audit Committee received a cash retainer of $37,500, Audit Committee members who are not the Chair received a cash retainer of $3,750. Other committee chairpersons received a cash retainer of $7,500, and other non-chair committee members received a cash retainer of $3,750.

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The following table sets forth the aggregate compensation for services rendered during fiscal 2024 by each person serving as a director:

| Name                 |                                                                                                                                                                                                                                                                                                                                                                                    |     | Fees Earned or 
 Paid in Cash   
 ($)            |         |     | Stock      
 Awards (1) 
 ($)        |        |     | Total 
 ($)   |         |
| Samuel Shimer        |                                                                                                                                                                                                                                                                                                                                                                                    |     |                | 126,000 |     |            | 43,950 |     |       | 169,950 |
| Michael Hexner       |                                                                                                                                                                                                                                                                                                                                                                                    |     |                |  53,250 |     |            | 43,950 |     |       |  97,200 |
| Barbara Sinsley      |                                                                                                                                                                                                                                                                                                                                                                                    |     |                |  53,250 |     |            |