{"filing":{"accession_number":"0001193125-26-328342","cik":"0000849145","ticker":"HGBL","company_name":"Heritage Global Inc.","form":"8-K","filing_date":"2026-07-31","report_date":"2026-07-31","primary_document":"hgbl-20260731.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/849145/000119312526328342/hgbl-20260731.htm"},"events":[{"id":22803,"run_id":20637,"accession_number":"0001193125-26-328342","anchor_item_number":"2.05","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.85,"summary":"Heritage Global's Board authorized a strategic plan to wind down the Specialty Lending segment (Heritage Global Capital LLC), a material business unit, with expected cash expenditures consisting primarily of employee-related costs and professional services expenses, along with a material non-cash impairment charge.","company_name":"Heritage Global Inc.","ticker":"HGBL","filing_date":"2026-07-31","form":"8-K","submitted_at":null,"items":[{"id":22863,"accession_number":"0001193125-26-328342","item_number":"2.05","item_title":"Costs Associated with Exit or Disposal Activities.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The Board authorized a strategic plan to wind down the Specialty Lending segment (Heritage Global Capital LLC), a material business unit. The disclosure explicitly states the Company expects to incur cash expenditures \"consisting primarily of employee-related costs related to the wind down process\" and professional services expenses, along with a material non-cash impairment charge. This is a structured exit/disposal activity with associated workforce and operational costs, fitting the Item 2.05 workforce_reduction category, though the impairment component is also significant.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-02T02:30:34.142762+00:00","company_name":"","ticker":null,"filing_date":""},{"id":22864,"accession_number":"0001193125-26-328342","item_number":"2.06","item_title":"Material Impairments.","event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing explicitly discloses under Item 2.06 that Heritage Global \"expects to recognize a material non-cash charge in the second quarter of 2026 related to the write-down of non-performing loans within HGC\" in connection with the strategic wind down of its specialty lending business. This is a classic material impairment event involving asset write-downs that would materially affect investor assessment of the company's financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-02T02:30:34.142762+00:00","company_name":"","ticker":null,"filing_date":""},{"id":22865,"accession_number":"0001193125-26-328342","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Heritage Global announced a \"strategic wind down\" of Heritage Global Capital (HGC), its specialty lending business, and expects to recognize a \"material non-cash charge\" related to write-down of non-performing loans. This is a material operational restructuring decision affecting a business unit, coupled with an expected material impairment charge. While the impairment element is present, the core disclosure centers on the strategic business decision to wind down a division, making this primarily an operational restructuring rather than a pure impairment event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-02T02:30:34.142762+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":22863,"accession_number":"0001193125-26-328342","item_number":"2.05","item_title":"Costs Associated with Exit or Disposal Activities.","event_type":"workforce_reduction","event_domain":"operational","is_material":true,"confidence":0.85,"reasoning":"The Board authorized a strategic plan to wind down the Specialty Lending segment (Heritage Global Capital LLC), a material business unit. The disclosure explicitly states the Company expects to incur cash expenditures \"consisting primarily of employee-related costs related to the wind down process\" and professional services expenses, along with a material non-cash impairment charge. This is a structured exit/disposal activity with associated workforce and operational costs, fitting the Item 2.05 workforce_reduction category, though the impairment component is also significant.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-02T02:30:34.142762+00:00","company_name":"Heritage Global Inc.","ticker":"HGBL","filing_date":"2026-07-31"},{"id":22864,"accession_number":"0001193125-26-328342","item_number":"2.06","item_title":"Material Impairments.","event_type":"material_impairment","event_domain":"financial","is_material":true,"confidence":0.95,"reasoning":"The filing explicitly discloses under Item 2.06 that Heritage Global \"expects to recognize a material non-cash charge in the second quarter of 2026 related to the write-down of non-performing loans within HGC\" in connection with the strategic wind down of its specialty lending business. This is a classic material impairment event involving asset write-downs that would materially affect investor assessment of the company's financial position.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-02T02:30:34.142762+00:00","company_name":"Heritage Global Inc.","ticker":"HGBL","filing_date":"2026-07-31"},{"id":22865,"accession_number":"0001193125-26-328342","item_number":"7.01","item_title":"Regulation FD Disclosure.","event_type":"operational_other","event_domain":"operational","is_material":true,"confidence":0.75,"reasoning":"Heritage Global announced a \"strategic wind down\" of Heritage Global Capital (HGC), its specialty lending business, and expects to recognize a \"material non-cash charge\" related to write-down of non-performing loans. This is a material operational restructuring decision affecting a business unit, coupled with an expected material impairment charge. While the impairment element is present, the core disclosure centers on the strategic business decision to wind down a division, making this primarily an operational restructuring rather than a pure impairment event.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-08-02T02:30:34.142762+00:00","company_name":"Heritage Global Inc.","ticker":"HGBL","filing_date":"2026-07-31"}]}