Company: HGBL
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056713
Chunk: 7

Company: Heritage Global Inc.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 7
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 or by proxy, representing a majority of the shares issued and outstanding and entitled to vote at the meeting. What Vote Is Required to Approve Each Proposal?

How Are Votes Counted? Proposal No. 1 - Election of Directors For Proposal No. 1, you may: • Vote FOR all of the director nominees; • Vote FOR specific director nominees; • Vote to WITHHOLD from voting with respect to all director nominees; or • Vote to WITHHOLD from voting with respect to specific director nominees. Proposal No. 2 - Ratification of Appointment of Independent Auditor For Proposal No. 2, your vote may be cast “FOR” or “AGAINST” or you may “ABSTAIN.” How Would My Shares Be Voted if I Do Not Specify How They Should Be Voted? If you sign your proxy card with no further instructions, your shares will be voted in accordance with the recommendations of the Board. We will appoint one or more inspectors of election to count votes cast at the meeting or by proxy. As noted above, if your shares are held in a stock brokerage account or by another nominee, your broker or nominee will provide you with materials and instructions for you to use in directing your broker or nominee as to how to vote your shares. New York Stock Exchange (“NYSE”) Rule 452 provides that brokers and other nominees may not exercise their voting discretion on specified non-routine matters without receiving instructions from the beneficial owner of the shares. Because Rule 452 applies specifically to securities brokers, virtually all of whom are governed by NYSE rules, Rule 452 applies to all companies listed on a national stock exchange, including companies (such as the Company) listed on the Nasdaq Stock Market (the “Nasdaq”). We expect that the proposal regarding the ratification of the appointment of UHY LLP as the Company’s independent auditor for the fiscal year ending December 31, 2025 (Proposal No. 2) to be considered a “routine” matter. Accordingly, if your shares are held through a broker or other nominee, that person will have discretion to vote your shares on Proposal No. 2 if you fail to provide instructions. On the other hand, the election of the Class I directors (Proposal No. 1) will be considered a “non-routine” matter. Thus, if you do not give your broker or other nominee specific instructions on how to vote your shares with respect to Proposal No. 1, your broker or other nominee will inform the inspector of election that it does not