HGBL · Heritage Global Inc. · Executive Compensation
$1.28
-0.01 (-0.67%)
At close · Oct 5
View the 10-Q filed May 7, 2026
Return incl. dividend (before tax)
Customer concentration
— top customer 78% of receivables
One customer — 78% of receivables (March 31, 2026)
“As of March 31, 2026, we held a gross balance of investments in notes receivable of $27.3 million, recorded in both notes receivable and equity method investments, and consisting of one borrower’s note balance of approximately $21.4 million, representing 78% of our total gross notes receivable balance as of March 31, 2026, as compared to 76% as of December 31, 2025.”
One customer — 76% of receivables (December 31, 2025)
“As of March 31, 2026, we held a gross balance of investments in notes receivable of $27.3 million, recorded in both notes receivable and equity method investments, and consisting of one borrower’s note balance of approximately $21.4 million, representing 78% of our total gross notes receivable balance as of March 31, 2026, as compared to 76% as of December 31, 2025.”
Market Cap
$46.07M
Shares
34.64M
Volume · Oct 5
59.33K
Avg daily vol (3M)
188.29K
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,021,587 |
| Ross Dove | President and Chief Executive Officer | $649,338 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 6, 2025 with a one-year vesting term. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. | $542,559 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,445,594 |
| Ross Dove | President and Chief Executive Officer | $944,974 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. This amount represents restricted common stock awards granted March 1, 2023 with a one-year vesting term. | $569,222 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,712,553 |
| Ross Dove | President and Chief Executive Officer | $1,260,691 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. This amount represents restricted common stock awards granted March 1, 2023 with a one-year vesting term. | $948,017 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,112,157 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents membership dues paid on behalf of Mr. Ludwig. This amount represents restricted common stock awards granted March 1, 2023 with a one-year vesting term. | $1,108,525 |
| Ross Dove | President and Chief Executive Officer | $877,455 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ See “Grants of Option Awards,” below, for details regarding the assumptions made in the valuation of these awards. This amount represents payment for an automobile allowance. This amount represents membership dues paid on behalf of Mr. Ludwig. | $854,806 |
| David Ludwig | President, Financial Assets | $715,182 |
| Ross Dove | President and Chief Executive Officer | $451,529 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $914,136 |
| Nicholas Dove | President, Industrial Assets | $867,199 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Shirley S. Cho | member of the Company's Board of Directors | Resigned | 2023-08-16 |
| William (Bill) Burnham | Class II director | Appointed | 2023-03-22 |