Overview
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- TickerSTLY on OTC1
- IndustryReal Estate Investment Trusts1
- HeadquartersTallahassee, Florida1
- Incorporated inDE2
- Business address6265 Old Water Oak Road, Unit 204, Tallahassee, Fl 323122
- Filer categoryNon-accelerated filer, Smaller reporting company2
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HG Holdings, Inc. (together with its consolidated subsidiaries, the “Company,” “we,” “us,” “our,” “it,” and “its”) operates through its wholly owned subsidiaries, National Consumer Title Insurance Company (“NCTIC”), National Consumer Title Group, LLC (“NCTG”), Title Agency Ventures, LLC (“TAV”), HG Managing Agency, LLC (“HGMA”), Omega National Title Agency, LLC (“ONTA” or “Omega”), Omega National Title of Florida, LLC (“ONF”) and Omega National Title of Pensacola, LLC (“ONP”), and through an affiliated investment in HC Government Realty Trust, Inc., a Maryland corporation (“HC Realty”).4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Management Service brought in 64% of the revenue HG Holdings, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Management Service | $3.0M | $5.0M |
| Escrow and Other Title Fees | $2.5M | $2.8M |
Business segments
The Title Insurance brought in 66% of the revenue HG Holdings, Inc. broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2024 | 2025 |
|---|---|---|
| The Title Insurance | $8.5M | $9.7M |
| Corporate Segment and Other Operating | $3.0M | $5.0M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue3¢$485.0K
- Other costs68¢$10.0M
- Income tax19¢$2.7M
- Profit10¢$1.5M
Out of $14.7M in revenue.5
Where each dollar of operating cash went, fiscal 2025
- Share buybacks100¢$4.4M
Out of $878.0K of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net premium written | $6.9M | $6.0M |
| Total revenues | $14.7M | $11.5M |
| Underwriting expenses | $263.0K | $205.0K |
| Provision for title claim losses | $119.0K | $328.0K |
| Search and other fees | $103.0K | $62.0K |
| Total cost of revenues | $485.0K | $595.0K |
| Gross underwriting profit | $14.3M | $10.9M |
| Personnel expenses | -$8.3M | -$7.9M |
| Other general and administrative expenses | -$4.6M | -$4.7M |
| Total operating expenses | -$13.0M | -$12.6M |
| Net investment income | $725.0K | $1.1M |
| Other income, net | $11.0K | $1.2M |
| Loss from investments in related parties, net | -$3.1M | -$815.0K |
| Loss from operations before income taxes | -$1.1M | -$267.0K |
| Income tax benefit | -$2.7M | -$18.0K |
| Net income (loss) | $1.7M | -$249.0K |
| Net income (loss) attributable to noncontrolling interests | $137.0K | -$10.0K |
| Net income (loss) attributable to the Company's shareholders | $1.5M | -$239.0K |
| Basic (in dollars per share) | $0.39 | -$0.08 |
| Diluted (in dollars per share) | $0.39 | -$0.08 |
| Basic (in shares) | 3.9M shares | 2.8M shares |
| Diluted (in shares) | 3.9M shares | 2.8M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.3M | $12.1M | ||
| Restricted cash | $6.7M | $8.3M | ||
| Fixed income securities, held-to-maturity | $0 | $1.0M | ||
| Investments in related parties | $18.8M | $10.1M | ||
| Interest and dividend receivables | $0 | $19.0K | ||
| Prepaid expenses | $269.0K | $288.0K | ||
| Property, plant and equipment, net | $38.0K | $62.0K | ||
| Lease assets | $615.0K | $611.0K | ||
| Deferred tax asset, net | $2.7M | $0 | ||
| Goodwill | $6.5M | $6.5M | ||
| Intangible assets, net | $118.0K | $193.0K | ||
| Other assets | $601.0K | $572.0K | ||
| Total assets | $50.7M | $42.2M | ||
| Accrued salaries, wages and benefits | $612.0K | $496.0K | ||
| Escrow liabilities | $6.6M | $8.1M | ||
| Other accrued expenses | $39.0K | $224.0K | ||
| Reserve for title claims | $705.0K | $637.0K | ||
| Lease liabilities | $620.0K | $616.0K | ||
| Other liabilities | $17.0K | $35.0K | ||
| Total liabilities | $9.1M | $10.4M | ||
| Preferred stock, $0.01 par value, 1,000,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024. | $0 | $0 | ||
| Common stock, $0.02 par value, 7,000,000 shares authorized as of December 31, 2025 and 35,000,000 shares authorized as of December 31, 2024; 5,107,035 shares issued and outstanding as of December 31, 2025 and 2,813,214 shares issued and outstanding as of December 31, 2024. | $95.0K | $52.0K | ||
| Additional paid-in capital | $38.6M | $30.5M | ||
| Retained earnings | $2.9M | $1.4M | ||
| Total stockholders equity | $41.7M | $32.0M | ||
| Noncontrolling interests | -$132.0K | -$148.0K | ||
| Total equity | $41.6M | $31.8M | $32.4M | |
| Total liabilities and stockholders equity | $50.7M | $42.2M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.02 | $0.02 | $0.02 | |
| Common stock, shares authorized (in shares) | 7.0M shares | 7.0M shares | 35.0M shares | |
| Common stock, shares issued (in shares) | 5.1M shares | 2.8M shares | ||
| Common stock, shares outstanding (in shares) | 5.1M shares | 2.8M shares |
| Period ending | 2025-12-31 | 2025-08-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $10.3M | $12.1M | ||
| Restricted cash | $6.7M | $8.3M | ||
| Fixed income securities, held-to-maturity | $0 | $1.0M | ||
| Investments in related parties | $18.8M | $10.1M | ||
| Interest and dividend receivables | $0 | $19.0K | ||
| Prepaid expenses | $269.0K | $288.0K | ||
| Property, plant and equipment, net | $38.0K | $62.0K | ||
| Lease assets | $615.0K | $611.0K | ||
| Deferred tax asset, net | $2.7M | $0 | ||
| Goodwill | $6.5M | $6.5M | ||
| Intangible assets, net | $118.0K | $193.0K | ||
| Other assets | $601.0K | $572.0K | ||
| Total assets | $50.7M | $42.2M | ||
| Accrued salaries, wages and benefits | $612.0K | $496.0K | ||
| Escrow liabilities | $6.6M | $8.1M | ||
| Other accrued expenses | $39.0K | $224.0K | ||
| Reserve for title claims | $705.0K | $637.0K | ||
| Lease liabilities | $620.0K | $616.0K | ||
| Other liabilities | $17.0K | $35.0K | ||
| Total liabilities | $9.1M | $10.4M | ||
| Preferred stock, $0.01 par value, 1,000,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024. | $0 | $0 | ||
| Common stock, $0.02 par value, 7,000,000 shares authorized as of December 31, 2025 and 35,000,000 shares authorized as of December 31, 2024; 5,107,035 shares issued and outstanding as of December 31, 2025 and 2,813,214 shares issued and outstanding as of December 31, 2024. | $95.0K | $52.0K | ||
| Additional paid-in capital | $38.6M | $30.5M | ||
| Retained earnings | $2.9M | $1.4M | ||
| Total stockholders equity | $41.7M | $32.0M | ||
| Noncontrolling interests | -$132.0K | -$148.0K | ||
| Total equity | $41.6M | $31.8M | $32.4M | |
| Total liabilities and stockholders equity | $50.7M | $42.2M | ||
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | ||
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | ||
| Preferred stock, issued (in shares) | 0 shares | 0 shares | ||
| Preferred stock, outstanding (in shares) | 0 shares | 0 shares | ||
| Common stock, par value (in dollars per share) | $0.02 | $0.02 | $0.02 | |
| Common stock, shares authorized (in shares) | 7.0M shares | 7.0M shares | 35.0M shares | |
| Common stock, shares issued (in shares) | 5.1M shares | 2.8M shares | ||
| Common stock, shares outstanding (in shares) | 5.1M shares | 2.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) attributable to the Company's shareholders | $1.5M | -$239.0K |
| Net income (loss) attributable to noncontrolling interests | $137.0K | -$10.0K |
| Net income (loss) | $1.7M | -$249.0K |
| Depreciation expense | $24.0K | $59.0K |
| Amortization expense | $75.0K | $74.0K |
| Change in net asset value of investment in limited partnership | -$362.0K | -$363.0K |
| Amortization of premium and accretion of discount, net | $0 | -$3.0K |
| Equity in earnings of related parties equity method investees | -$114.0K | $0 |
| Loss from investment in related parties | $4.1M | $1.3M |
| Non-cash lease expense | $3.0K | -$29.0K |
| Prepaid expenses | $19.0K | -$65.0K |
| Accounts receivable | -$43.0K | -$127.0K |
| Due from related parties | -$523.0K | $3.0K |
| Deferred tax asset, net | -$2.7M | $0 |
| Interest and dividends receivables | $19.0K | $274.0K |
| Other assets | -$28.0K | $225.0K |
| Accounts payable | $87.0K | -$294.0K |
| Accrued salaries, wages, and benefits | $116.0K | $146.0K |
| Escrow liabilities | -$1.5M | $656.0K |
| Reserve for title claims | $68.0K | $324.0K |
| Other accrued expenses | -$185.0K | -$93.0K |
| Due to related parties | $219.0K | $109.0K |
| Lease liabilities | -$4.0K | $26.0K |
| Other liabilities | -$18.0K | $2.0K |
| Net cash provided by operating activities | $878.0K | $2.0M |
| Proceeds from sale of investments | $456.0K | $235.0K |
| Proceeds from redemptions of fixed-income securities | $1.0M | $2.1M |
| Net cash provided by investing activities | $183.0K | $1.1M |
| Repurchase of common stock | -$4.4M | -$243.0K |
| Subsidiary distributions paid to non-controlling interest shareholders, net | -$10.0K | -$121.0K |
| Net cash used in financing activities | -$4.4M | -$364.0K |
| Net (decrease) increase in cash and cash equivalents and restricted cash | -$3.3M | $2.7M |
No quarter-by-quarter statement was filed.
Corporate structure
HG Holdings, Inc. is part of a group headed by White Mountains Insurance Group. 85 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of HG Holdings, Inc.
- Hale Partnership Capital Management, LLC Filed SCHEDULE 13D/A on HG Holdings, Inc., latest Dec 12, 2025 (2 filings since May 13, 2025)
- Solas Capital Management, LLC Filed SCHEDULE 13G on HG Holdings, Inc., latest Apr 28, 2025
- White Mountains Insurance Group Hanover, New Hampshire, United States
- HG Holdings, Inc. Tallahassee, Florida
- HG Managing Agency, LLC Subsidiary · North Carolina, United States
- National Consumer Title Group, LLC Subsidiary · Florida, United States
- National Consumer Title Insurance Company Subsidiary · Florida, United States
- Omega National Title Agency, LLC Subsidiary · Florida, United States
- Omega National Title of Florida, LLC Subsidiary · Florida, United States
- Omega National Title of Pensacola, LLC Subsidiary · Florida, United States
- Title Agency Ventures, LLC Subsidiary · Florida, United States
- ACCIDENT & HEALTH CLAIMS LLP Subsidiary · United Kingdom
- ACCIDENT & HEALTH UNDERWRITING LIMITED Subsidiary · United Kingdom
- AFSF V AIV PHOENIX AGGREGATOR LP Subsidiary · Delaware, United States
- ARK CORPORATE MEMBER LIMITED Subsidiary · United Kingdom
- ARK CORPORATE MEMBER NO. 2 LIMITED Subsidiary · United Kingdom
- ARK CORPORATE MEMBER NO. 3 LIMITED Subsidiary · United Kingdom
- ARK CORPORATE MEMBER NO. 4 LIMITED Subsidiary · United Kingdom
- ARK INSURANCE HOLDINGS LIMITED Subsidiary · Hamilton, Bermuda
- GROUP ARK INSURANCE HOLDINGS LIMITED Subsidiary · Pembroke, Bermuda
- ARK SYNDICATE MANAGEMENT LIMITED Subsidiary · United Kingdom
- COPPER FUNDING, LLC Subsidiary · Delaware, United States
- DEPI HOLDINGS, LLC Subsidiary · Delaware, United States
- DISTINGUISHED CAPITAL, LLC Subsidiary · Delaware, United States
- DISTINGUISHED GROUP, LLC Subsidiary · Delaware, United States
- DISTINGUISHED PRIZE INDEMNITY, LLC Subsidiary · Delaware, United States
- DISTINGUISHED PROGRAMS INS BROKERAGE, LLC Subsidiary · Delaware, United States
- DISTINGUISHED PROGRAMS RISK MANAGEMENT, LLC Subsidiary · Delaware, United States
- DISTINGUISHED PROGRAMS, LLC Subsidiary · Delaware, United States
- DISTINGUISHED SPECIALTY INS. BROKERAGE, LLC Subsidiary · Delaware, United States
- DISTINGUISHED SPECIALTY RISK MANAGEMENT, LLC Subsidiary · Delaware, United States
- DISTINGUISHED, LLC Subsidiary · Delaware, United States
- DP D&O MANAGEMENT , LLC Subsidiary · Delaware, United States
- DP FINE ART AND COLLECTIBLES, LLC Subsidiary · Delaware, United States
- DP INLAND MARINE MANAGEMENT, LLC Subsidiary · Delaware, United States
- DP SURETY MANAGEMENT, LLC Subsidiary · Delaware, United States
- and 51 more
- HG Holdings, Inc. Tallahassee, Florida
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What HG Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $436.0K9 Dec 31, 2024 | $436.0K9 Dec 31, 2023 | 0% |
| Accumulated depreciation | $374.0K9 Dec 31, 2024 | $316.0K9 Dec 31, 2023 | +18.4% |
| Property and equipment, net | $38.0K5 Dec 31, 2025 | $62.0K5 Dec 31, 2024 | −38.7% |
| Operating-lease assets (leased space) | $615.0K5 Dec 31, 2025 | $611.0K5 Dec 31, 2024 | +0.7% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $10.3M5 Dec 31, 2025 | $12.1M5 Dec 31, 2024 | −14.9% |
| Marketable securities, current | $3.1M5 Dec 31, 2025 | $3.2M5 Dec 31, 2024 | −3.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $6.5M5 Dec 31, 2025 | $6.5M5 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $118.0K5 Dec 31, 2025 | $193.0K5 Dec 31, 2024 | −38.9% |
| Finite-lived intangibles, gross | $372.0K5 Dec 31, 2025 | $372.0K5 Dec 31, 2024 | 0% |
| Accumulated amortization | $254.0K5 Dec 31, 2025 | $179.0K5 Dec 31, 2024 | +41.9% |
| Finite-lived intangibles, net | $118.0K5 Dec 31, 2025 | $193.0K5 Dec 31, 2024 | −38.9% |
Properties, in its own words
Our corporate headquarters is located in Tallahassee, Florida where we lease office space. The Company’s subsidiaries, principally Omega, lease office space throughout Florida. It is our opinion that these leased properties are in good operating condition, suitable, and adequate for present uses.
Item 2 of the 10-K filed Mar 27, 2026.4
Leadership
Who has led HG Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerSteven A. Hale Ii. May 3, 2018 to Jul 2, 201913
- Chief executive officerR. Glenn Prillaman Dec 10, 2010 to Dec 11, 201714
- Chief executive officerAlbert L. Prillaman Sep 26, 2008 to Apr 20, 200915
- Chief executive officerJeffrey R. Scheffer Jan 4, 2006 to Dec 6, 200716
- ChairAlbert L. Prillaman Apr 17, 2008 to Dec 10, 201017
- ChairJeffrey R. Scheffer Jan 4, 2006 to Dec 6, 200716
- PresidentR. Glenn Prillaman Dec 10, 2010 to Dec 11, 201714
- PresidentJeffrey R. Scheffer Jan 4, 2006 to Dec 6, 200716
- Chief financial officerMicah S. Goldstein Dec 13, 2010 to Jan 17, 201418
- Chief operating officerMicah S. Goldstein Aug 24, 2010 to Jan 17, 201419
Board members and other officers (25)
- OfficerAnna Lieb Jun 6, 2024 to Jun 6, 202420
- Prin. Accting & Fin. OfficerJustin Hayles Edenfield Aug 12, 2022 to Aug 12, 202221
- OfficerSteven A. Hale Ii. Apr 18, 2019 to now22
- Interim Chief Exec. OfficerMatthew Wood Smith Jan 3, 2018 to Jan 3, 201823
- Vice President - FinanceAnita W. Wimmer Mrs. Aug 15, 2014 to Mar 23, 201824
- Senior VP of OperationsStephen A. Bullock Feb 6, 2008 to Apr 20, 200925
- Executive VP - Finance & AdminDouglas I. Payne Jan 4, 2006 to Sep 24, 200926
- Executive VP Marketing & SalesPhilip D. Haney Jan 4, 2006 to Jan 4, 200627
- Sr. VP Sales & MarketingR. Glenn Prillaman Jan 4, 2006 to Apr 20, 200928
- Sr. VP ManufacturingRick Lovorn Mar 15, 2006 to Dec 7, 200629
- VP Human ResourcesDennis K. Taggart Apr 21, 2006 to Dec 6, 200730
- Board memberPeter Mark Sherman Jan 11, 2021 to Dec 16, 202231
- Board memberMatthew Hultquist Jun 27, 2018 to Jun 29, 202032
- Board memberSteven A. Hale Ii. Dec 12, 2017 to now33
- Board memberJustyn Rendal Putnam Jan 20, 2016 to Dec 12, 201734
- Board memberJeffrey Stuart Gilliam Feb 19, 2015 to Jun 24, 202035
- Board memberIan Dundee Lapey Oct 30, 2014 to May 30, 201736
- Board memberMicah S. Goldstein Dec 19, 2011 to Jan 17, 201437
- Board memberR. Glenn Prillaman Dec 10, 2010 to Dec 11, 201714
- Board memberDominic P. Dascoli Dec 20, 2010 to May 19, 201538
- Board memberAlbert L. Prillaman Apr 21, 2006 to Apr 29, 201139
- Board memberMichael P. Haley Apr 21, 2006 to Dec 13, 201740
- Board memberRobert G. Culp Iii. Apr 21, 2006 to Apr 29, 201141
- Board memberT. Scott McIlhenny Jr. Apr 21, 2006 to May 23, 201642
- Board memberThomas L. Millner Apr 21, 2006 to May 3, 201043
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- HG Managing Agency, LLC North Carolina3
- National Consumer Title Group, LLC Florida3
- National Consumer Title Insurance Company Florida3
- Omega National Title Agency, LLC Florida3
- Omega National Title of Florida, LLC Florida3
- Omega National Title of Pensacola, LLC Florida3
- Title Agency Ventures, LLC Florida3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Jun 18, 20268-K Shareholder vote44
- Nov 3, 20258-K Change of auditor45
- Sep 3, 20258-K Bylaws or fiscal year changed; Shareholder vote46
- Jun 30, 20258-K Bylaws or fiscal year changed; Shareholder vote47
- Apr 23, 20258-K Entered a material agreement; Unregistered sale of shares; Change in control48
- Jul 17, 20248-K Shareholder vote49
- Jun 6, 20248-K Executive or director change50
- May 17, 20248-K Other events51
- Oct 17, 20238-K Change of auditor52
- Aug 24, 20238-K Change of auditor53
- Jun 20, 20238-K Shareholder vote54
- Feb 2, 20238-K Ended a material agreement55
- May 3, 2018New chief executive Steven A. Hale Ii. becomes CEO13
- Dec 10, 2010New chief executive R. Glenn Prillaman becomes CEO14
- Sep 26, 2008New chief executive Albert L. Prillaman becomes CEO15
- Jan 4, 2006New chief executive Jeffrey R. Scheffer becomes CEO16
Filings
67 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 18 major events, 14 insider forms, 3 large holders, 11 other. The latest 20:
- Aug 12, 202610-Q EDGAR
- Jun 18, 20268-K EDGAR
- Jun 17, 2026DEF 14C EDGAR
- May 13, 202610-Q EDGAR
- Mar 31, 20264 PRIMARY DOCUMENT EDGAR
- Mar 27, 202610-K EDGAR
- Dec 12, 20254 PRIMARY DOCUMENT EDGAR
- Dec 12, 2025SCHEDULE 13D/A EDGAR
- Nov 13, 202510-Q EDGAR
- Nov 3, 20258-K EDGAR
- Sep 3, 20258-K EDGAR
- Aug 13, 202510-Q EDGAR
- Aug 8, 2025DEF 14C EDGAR
- Jul 29, 2025PRE 14C EDGAR
- Jun 30, 20258-K EDGAR
- May 14, 202510-Q EDGAR
- May 13, 2025SCHEDULE 13D/A EDGAR
- May 13, 2025DEF 14A EDGAR
- May 12, 20254 PRIMARY DOCUMENT EDGAR
- May 2, 2025PRE 14A EDGAR
The 67 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
15 open-market trades by officers, directors and large owners since October 2021: 13 buys and 2 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Mar 30, 2026 | FREDERICK TUCKER GOLDEN10% owner | Sale | 60,240 | $4.75 | $286.1K | Form 4 |
| Apr 21, 2025 | Solas Capital Management, LLC10% owner | Sale | 402,322 | $7.80 | $3.1M | Form 4 |
| Apr 21, 2025 | Hale Partnership Fund, L.P.10% owner | Buy | 1,527,219 | Form 4 | ||
| Dec 14, 2022 | Sherman Peter MarkDirector | Buy | 503 | $8.35 | $4.2K | Form 4 |
| Dec 8, 2022 | Sherman Peter MarkDirector | Buy | 500 | $8.05 | $4.0K | Form 4 |
| Nov 29, 2022 | Sherman Peter MarkDirector | Buy | 4,199 | $7.65 | $32.1K | Form 4 |
| Dec 15, 2021 | Hale Steven A IIDirector | Buy | 100 | $10.15 | $1.0K | Form 4 |
| Dec 13, 2021 | Sherman Peter MarkDirector | Buy | 1,200 | $10.25 | $12.3K | Form 4 |
| Dec 10, 2021 | Sherman Peter MarkDirector | Buy | 2,300 | $10.20 | $23.5K | Form 4 |
| Dec 10, 2021 | Hale Partnership Fund, L.P.10% owner | Buy | 1,400 | $10.03 | $14.0K | Form 4 |
| Dec 9, 2021 | Hale Partnership Fund, L.P.10% owner | Buy | 800 | $10.00 | $8.0K | Form 4 |
| Dec 8, 2021 | Hale Partnership Fund, L.P.10% owner | Buy | 500 | $10.10 | $5.0K | Form 4 |
| Dec 1, 2021 | Hale Steven A IIDirector | Buy | 1,000 | $9.90 | $9.9K | Form 4 |
| Nov 29, 2021 | Hale Steven A IIDirector | Buy | 100 | $10.05 | $1.0K | Form 4 |
| Nov 26, 2021 | Hale Steven A IIDirector | Buy | 800 | $10.05 | $8.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Hale Partnership Capital Management, LLCSCHEDULE 13D/A, 2 filings May 13, 2025 to Dec 12, 202556
- Solas Capital Management, LLCSCHEDULE 13G, 1 filing Apr 28, 202557
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2024 | ANNA A. LIEB, | $275.0K | $336.0K58 | |
| 2024 | JUSTIN H. EDENFIELD, | $125.0K58 | ||
| 2024 | STEVEN A. HALE II, | $125.0K58 | ||
| 2023 | Former Principal Financial and Accounting Officer; Secretary | $300.0K | $550.0K58 | |
| 2023 | Chairman and Chief Executive Officer | $125.0K58 |
SEC filer profile
How HG Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHG Holdings, Inc.1
- CIK0000797465
- Employer ID (EIN)54-12725894
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)6798 Real Estate Investment Trusts1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address6265 Old Water Oak Road, Unit 204, Tallahassee, FL 323121
- Phone850-201-92041
- Shares outstanding5,046,795 as of Aug 10, 202612
- Public float$7.6M as of Jun 30, 20254
- AuditorBDO USA, P.C., Ridgeland, Mississippi PCAOB ID 243; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMar 8, 19941
- Filings980 in all: 4 (265), 8-K (197), 10-Q (98), SC 13G/A (94), SC 13G (54), SC 13D/A (35), 10-K (32), DEF 14A (32)1
All 47 form types
SC 13D (22), 3 (20), DEFA14A (20), ARS (12), CORRESP (12), UPLOAD (10), S-1/A (8), PRE 14A (7), 4/A (6), S-8 (6), S-8 POS (6), 10-K/A (3), 8-K/A (3), S-3 (3), 10-Q/A (2), 424B3 (2), 5 (2), 8-A12B (2), 8-A12B/A (2), DEF 14C (2), EFFECT (2), PRE 14C (2), PRER14A (2), SCHEDULE 13D/A (2), 25 (1), 25-NSE (1), 424B4 (1), 424B5 (1), 8-A12G/A (1), CERTNAS (1), DEFM14A (1), DEFS14A (1), NT 10-K (1), POS AM (1), PREM14A (1), PRES14A (1), S-1 (1), S-3/A (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 27, 2026
Quarterly report (10-Q) Aug 12, 2026
Proxy statement (DEF 14A) May 13, 2025
Latest 8-K (8-K) Jun 18, 2026
Risk factors and legal proceedings
The risks HG Holdings, Inc. names in Item 1A of its 10-K filed Mar 27, 2026: 32 risks under these headings, as written.4
- Risks Related to the Company
- We have limited operating history in the title insurance and title agency businesses.
- An “ownership change” could limit the use of our net operating loss carryforwards and our potential to derive a benefit from our net operating loss carryforwards.
- Resources may be expended in researching potential acquisitions that might not be consummated.
- We may be required to register under the Investment Company Act of 1940, as amended (the “1940 Act”).
- Cybersecurity risks and cyber incidents may adversely affect our business in the event we or any other party that provides us with essential services experiences cyber incidents.
- We may use artificial intelligence in our business and we are subject to risks related to such use.
- We hold our cash and restricted cash in depository accounts that could be adversely affected if the financial institutions holding such deposits fail.
- Catastrophic events, including, but not limited to, natural events and the outbreak of diseases, along with geopolitical concerns and changes to trade policy, could have a material adverse impact on our financial performance and results of operations.
- Our common stock is traded on the OTCQB and there may be limited ability to trade our common stock.
- We have recorded goodwill as a result of prior acquisitions, and an economic or business downturn could cause these balances to become impaired, requiring write-downs that would reduce our operating income.
- Risks Related to our Title Insurance and Title Agency Businesses
The other 22 risks
- Conditions in the real estate market generally impact the demand for a substantial portion of our title insurance and title agency subsidiaries’ products and services and NCTIC’s title claims experience.
- Unfavorable economic conditions may adversely affect our title insurance and title agency subsidiaries' businesses.
- Changes in our relationships with large mortgage lenders or government–sponsored enterprises could adversely affect our business.
- A downgrade by ratings agencies, reductions in statutory capital and surplus maintained by NCTIC, our title insurance underwriter, or a deterioration in other measures of financial strength could adversely affect our business.
- The issuance of title insurance policies and related activities by title agents, some of which operate with substantial independence from us, could adversely affect our business.
- Competition in the title insurance industry may affect our revenues.
- We depend on our ability to attract and retain key personnel and agents, and our inability to do so could adversely affect our business.
- Errors and fraud involving the transfer of funds may adversely affect our title insurance and title agency subsidiaries.
- Regulatory oversight and changes in government regulation could prohibit or limit our title insurance and title agency subsidiaries’ operations, make it more costly or burdensome to conduct such operations or result in decreased demand for their products and services.
- Regulation of title insurance rates could adversely affect our business.
- Our title insurance business may be adversely affected by business or regulatory conditions that disproportionately affect Florida.
- Changes in certain laws and regulations, and in the regulatory environment in which we operate, could adversely affect our business.
- The overturning of the Chevron doctrine could have an unfavorable impact on us.
- Actual claims experience could materially vary from the expected claims experience reflected in NCTIC’ s reserve for incurred but not reported claims.
- Risks Related to our Investment in HC Realty
- Our investment in HC Realty may lose value.
- HC Realty depends on leases by the U.S. government and its agencies for substantially all of its revenues and any failure by the U.S. government and its agencies to perform their obligations under their leases or renew their leases upon expiration could have a material adverse effect on our investment in HC Realty.
- Some of HC Realty’s leases with the U.S. government permit the U.S. government to terminate the lease and discontinue paying rent prior to the lease expiration date.
- The U.S. government may consolidate its existing GSA leases, which may have an adverse effect on HC Realty’s business and results of operations and our investment in HC Realty.
- The value of our investment in HC Realty would be adversely affected if HC Realty failed to qualify as a REIT.
- Risks Related to Conflicts of Interest
- Our Chairman and Chief Executive Officer, who is also a director, may have potential or actual conflicts of interest because of his positions with HPCM and HC Realty.
- Our executive officers, directors and 10% stockholders have significant voting power and may vote their shares in a manner that is not in the best interest of other stockholders.
- Our Chief Executive Officer, who will be employed on a part-time basis for the foreseeable future, currently has outside business interests that will require his time and attention and may interfere with his ability to devote all of his time to our business, which may adversely affect our business and operations.
Legal proceedings
The information required for this Part I, Item 3 is incorporated by reference to the discussion under the heading “Litigation” in Note 12, Commitments and Contingencies in the accompanying notes to the Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 17SEC EDGARAlbert L. Prillaman, Chair
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- 20SEC EDGARAnna Lieb, Officer
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- 22SEC EDGARSteven A. Hale Ii., Officer
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- 29SEC EDGARRick Lovorn, Sr. VP Manufacturing
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- 31SEC EDGARPeter Mark Sherman, Board member
- 32SEC EDGARMatthew Hultquist, Board member
- 33SEC EDGARSteven A. Hale Ii., Board member
- 34SEC EDGARJustyn Rendal Putnam, Board member
- 35SEC EDGARJeffrey Stuart Gilliam, Board member
- 36SEC EDGARIan Dundee Lapey, Board member
- 37SEC EDGARMicah S. Goldstein, Board member
- 38SEC EDGARDominic P. Dascoli, Board member
- 39SEC EDGARAlbert L. Prillaman, Board member
- 40SEC EDGARMichael P. Haley, Board member
- 41SEC EDGARRobert G. Culp Iii., Board member
- 42SEC EDGART. Scott McIlhenny Jr., Board member
- 43SEC EDGARThomas L. Millner, Board member
- 44SEC EDGARShareholder vote
- 45SEC EDGARChange of auditor
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- 49SEC EDGARShareholder vote
- 50SEC EDGARExecutive or director change
- 51SEC EDGAROther events
- 52SEC EDGARChange of auditor
- 53SEC EDGARChange of auditor
- 54SEC EDGARShareholder vote
- 55SEC EDGAREnded a material agreement
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