Company: HGBL
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056713
Chunk: 2

Company: Heritage Global Inc.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 2
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 NO. 1: ELECTION OF CLASS I DIRECTORS                      |  9 |
| CORPORATE GOVERNANCE                                               | 12 |
| CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS               | 16 |
| SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT     | 16 |
| INFORMATION ABOUT OUR EXECUTIVE OFFICERS                           | 18 |
| EXECUTIVE COMPENSATION                                             | 19 |
| PROPOSAL NO. 2: RATIFICATION OF APPOINTMENT OF INDEPENDENT AUDITOR | 29 |
| AUDIT COMMITTEE REPORT                                             | 31 |
| SHAREHOLDER PROPOSALS FOR THE 2026 ANNUAL MEETING OF SHAREHOLDERS  | 32 |
| GENERAL INFORMATION                                                | 33 |

<div align='center'>12625 High Bluff Drive, Suite 305

San Diego, California 92130

PROXY STATEMENT

INFORMATION ABOUT THE ANNUAL MEETING OF

SHAREHOLDERS AND VOTING</div>

Why Did You Send Me This Proxy Statement?

We sent you this Proxy Statement and the enclosed proxy card because the Board of Directors of Heritage Global Inc., which we refer to as “Heritage Global,” “we,” “us,” “our” or the “Company,” is soliciting your proxy to vote at the 2025 Annual Meeting of Shareholders (the “Annual Meeting”). A copy of our 2024 Annual Report to Shareholders (with Form 10-K for the year ended December 31, 2024) accompanies this Proxy Statement.

We are furnishing proxy materials to our shareholders primarily via the Internet, under rules adopted by the U.S. Securities and Exchange Commission (the “SEC”), instead of mailing printed copies of those materials to each shareholder. On or about April 22, 2025, we began mailing to our shareholders a Notice of Internet Availability of Proxy Materials (the “Proxy Notice”) containing instructions on how to access our proxy materials, including our Proxy Statement and our 2024 Annual Report to Shareholders. The Proxy Notice also instructs you on how to access your proxy card electronically to vote via the Internet or by telephone. The Proxy Notice is not a form for exercising your voting rights as a shareholder; the Proxy Notice merely presents an overview of our collective proxy materials. We encourage you to review our full proxy materials before voting on the proposals set forth herein.

Our proxy materials may be amended or supplemented in accordance with applicable law. This