Company: HGBL
Filing Date: 2025-04-22
Form Type: DEF 14A
Source: 0000950170-25-056713
Chunk: 12

Company: Heritage Global Inc.
Filing Date: 2025-04-22
Form: DEF 14A
Chunk 12
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 arbitrator and received a master’s degree in negotiation and dispute resolution from Creighton University.

David Ludwig, age 68, was appointed by the Board as a Class II director in March 2021. Mr. Ludwig currently serves as the President of Heritage Global’s Financial Assets division, which comprises the Company’s National Loan Exchange (“NLEX”) and Heritage Global Capital subsidiaries. He joined Heritage Global in 2014 with the Company’s acquisition of NLEX, which he developed from its start as a post-Resolution Trust Corporation (RTC) sales outlet to the nation’s leading broker of charged-off credit card and consumer debt accounts. With more than 25 years of experience in the financial industry, Mr. Ludwig is considered a leading pioneer in the debt sales industry, and has been a featured speaker at many industry conferences. He has also been quoted in numerous publications including the New York Times, LA Times, Collections and Credit Risk, Collector Magazine, and serves as consultant and expert witness within the industry. Since introducing NLEX to financial institutions in the early 1990s, Mr. Ludwig has supervised the sale of over 6,000 portfolios with face value of $250 billion. Mr. Ludwig holds a Bachelor of Science Degree in Economics from the University of Illinois.

William Burnham, age 54, was appointed by the Board as a Class II director in March 2023. Mr. Burnham has extensive investing and capital markets experience as an institutional investor, venture capitalist and public equity analyst. Mr. Burnham is currently the Managing Member of Inductive Capital LP, a technology-focused investment fund which he founded in 2006. Prior to Inductive, Mr. Burnham was a venture capital investor at both SOFTBANK Capital Partners and Mobius Venture Capital, and prior to that a senior equity research analyst at Credit Suisse First Boston, Deutsche Morgan Grenfell, and Piper Jaffray. Over the course of his investment career, Mr. Burnham has served on a numerous public and private company boards in both the United States and Canada. He currently serves as a Director of TrustCloud Inc. and Abine Inc., both of which are focused on the cybersecurity industry, and Neurotone AI Inc. Prior to his investing career, Mr. Burnham was a Senior Associate at the management consulting firm of Booz, Allen & Hamilton. He attended Washington University where he graduated Summa Cum Laude, Phi Beta Kappa.

Directors With Terms Expiring in 2027

Barbara Sinsley, age 62,