Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2021-04-26 | David Ludwig, age 63, was appointed by the Board as a Class II director in March 2021 to fill the vacancy created by the recent resignation of Allan Silber. Mr. Ludwig currently serves as the President of Heritage Global’s Financial Asset 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 1990’s, Mr. Ludwig has supervised the sale of over 5,000 portfolios with face value of $150 billion. Mr. Ludwig holds a Bachelor of Science Degree in Economics from the University of Illinois. |
| 2022-04-15 | David Ludwig, age 65, was appointed by the Board as a Class II director in March 2021 to fill the vacancy created by the recent resignation of Allan Silber. ... Director was not compensated for his service on the Board during 2021 due to the compensation he received for his employment as one of our executive officers. |
| 2023-04-28 | David Ludwig, age 66, 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 ... Mr. Ludwig does not receive any compensation for his service as a director on our Board because he is employed by the Company. |
| 2024-04-23 | David Ludwig, age 67, was appointed by the Board as a Class II director in March 2021 to fill the vacancy created by the resignation of Allan Silber. 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. ... In 2023, each director who is not an employee of the Company received a $25,000 cash retainer and a grant of 15,000 shares of restricted common stock vesting over twelve months (with the exception of Dove and Ludwig, who, as employees of the Company, do not receive compensation for their service as directors). |
Data sourced from SEC filings. Last updated: 2025-12-07