hgbl-8k_20210318.htm

8-K 1 hgbl-8k_20210318.htm 8-K hgbl-8k_20210318.htm

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): March 24, 2021 (March 18, 2021)

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 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 18, 2021, Heritage Global Inc. (the “Company”) and Scott A. West mutually agreed that Mr. West would step down from his role as Chief Financial Officer effective immediately. The Company and Mr. West will work together to negotiate terms for Mr. West’s separation and his support in the transition of his duties.

The Company has begun a search for a new Chief Financial Officer, and in the interim period, Brian J. Cobb, Vice President of Finance and Controller, will serve as the Company’s principal financial officer.

Mr. Cobb, 37, was promoted to Corporate Controller of the Company on January 1, 2019. From July 5, 2017 to January 1, 2019 Mr. Cobb served as the Company’s Director of Financial Reporting. Prior to joining the Company on July 5, 2017, Mr. Cobb was a manager in the assurance practice of PricewaterhouseCoopers. In connection with his appointment, Mr. Cobb will receive an annual salary of $175,000 and will have the opportunity to earn 15% of this amount as an annual bonus. Mr. Cobb does not have any family relationships with any director, executive officer or person nominated or chosen by the Company to become a director or executive officer of the Company.

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: March 24, 2021	By:	/s/ Ross Dove
		Ross Dove
		Chief Executive Officer

SEC Form 8-K filed by Heritage Global Inc.