0000950123-11-049501.txt : 20110512 0000950123-11-049501.hdr.sgml : 20110512 20110512171047 ACCESSION NUMBER: 0000950123-11-049501 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20110512 DATE AS OF CHANGE: 20110512 GROUP MEMBERS: BC ADVISORS, LLC GROUP MEMBERS: BECKER DRAPKIN MANAGEMENT, L.P. GROUP MEMBERS: BECKER DRAPKIN PARTNERS (QP), L.P. GROUP MEMBERS: BECKER DRAPKIN PARTNERS, L.P. GROUP MEMBERS: MATTHEW A. DRAPKIN GROUP MEMBERS: STEVEN R. BECKER SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: HUDSON TECHNOLOGIES INC /NY CENTRAL INDEX KEY: 0000925528 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES [5080] IRS NUMBER: 133641539 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-48635 FILM NUMBER: 11836655 BUSINESS ADDRESS: STREET 1: PO BOX 1541 STREET 2: ONE BLUE HILL PLAZA, 14TH FLOOR CITY: PEARL RIVER STATE: NY ZIP: 10965 BUSINESS PHONE: 8457356000 MAIL ADDRESS: STREET 1: PO BOX 1541 STREET 2: ONE BLUE HILL PLAZA, 14TH FLOOR CITY: PEARL RIVER STATE: NY ZIP: 10965 FORMER COMPANY: FORMER CONFORMED NAME: REFRIGERANT RECLAMATION INDUSTRIES INC DATE OF NAME CHANGE: 19940617 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Becker Drapkin Management, L.P. CENTRAL INDEX KEY: 0001346543 IRS NUMBER: 000000000 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 BUSINESS PHONE: (214) 756-6037 MAIL ADDRESS: STREET 1: 300 CRESCENT COURT STREET 2: SUITE 1111 CITY: DALLAS STATE: TX ZIP: 75201 FORMER COMPANY: FORMER CONFORMED NAME: SRB Management, L.P. DATE OF NAME CHANGE: 20051209 SC 13G 1 c17097sc13g.htm SCHEDULE 13G Schedule 13G

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. )*

HUDSON TECHNOLOGIES, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
444144109
(CUSIP Number)
July 1, 2010
(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

     o Rule 13d-1(b)

     þ Rule 13d-1(c)

     o Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications:

Taylor H. Wilson, Esq.
Haynes and Boone, LLP
2323 Victory Avenue, Suite 700
Dallas, Texas 75219
(214) 651-5000

 
 


 

                     
CUSIP No.
 
444144109 
 

 

           
1   NAMES OF REPORTING PERSONS
Becker Drapkin Management, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,005,4511
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    2,005,4511
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,005,4511
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  8.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA, PN
1 Includes warrants to purchase 625,000 shares of Common Stock that are exercisable within 60 days of the date of this Schedule 13G.


 

                     
CUSIP No.
 
444144109  
 

 

           
1   NAMES OF REPORTING PERSONS
Becker Drapkin Partners (QP), L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   1,780,0322
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   1,780,0322
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  1,780,0322
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  7.5%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
2 Includes warrants to purchase 556,250 shares of Common Stock that are exercisable within 60 days of the date of this Schedule 13G.


 

                     
CUSIP No.
 
444144109  
 

 

           
1   NAMES OF REPORTING PERSONS
Becker Drapkin Partners, L.P.
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   225,4193
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   0
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   225,4193
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    0
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  225,4193
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  0.9%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  PN
3 Includes warrants to purchase 68,750 shares of Common Stock that are exercisable within 60 days of the date of this Schedule 13G.


 

                     
CUSIP No.
 
444144109 
 

 

           
1   NAMES OF REPORTING PERSONS
BC Advisors, LLC
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Texas
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,005,4514
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    2,005,4514
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,005,4514
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  8.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IA, OO
4 Includes warrants to purchase 625,000 shares of Common Stock that are exercisable within 60 days of the date of this Schedule 13G.


 

                     
CUSIP No.
 
444144109 
 

 

           
1   NAMES OF REPORTING PERSONS
Steven R. Becker
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,005,4515
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    2,005,4515
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,005,4515
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  8.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
5 Includes warrants to purchase 625,000 shares of Common Stock that are exercisable within 60 days of the date of this Schedule 13G.


 

                     
CUSIP No.
 
444144109  
 

 

           
1   NAMES OF REPORTING PERSONS
Matthew A. Drapkin
     
     
2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

  (a)   þ
  (b)   o
     
3   SEC USE ONLY
   
   
     
4   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  United States
       
  5   SOLE VOTING POWER
     
NUMBER OF   0
       
SHARES 6   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   2,005,4516
       
EACH 7   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   0
       
WITH: 8   SHARED DISPOSITIVE POWER
     
    2,005,4516
     
9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,005,4516
     
10   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
   
  o
     
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  8.4%
     
12   TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
   
  IN
6 Includes warrants to purchase 625,000 shares of Common Stock that are exercisable within 60 days of the date of this Schedule 13G.


 

Item 1.
  (a)  
Name of Issuer
 
     
HUDSON TECHNOLOGIES, INC.
 
  (b)  
Address of Issuer’s Principal Executive Offices
 
   
1 Blue Hill Plaza, P.O. Box 1541, Pearl River, New York 10965
Item 2.
     (a) Name of Person Filing
This statement is jointly filed by and on behalf of each of Becker Drapkin Management, L.P. (“BD Management”), Becker Drapkin Partners (QP), L.P. (“Becker Drapkin QP”), Becker Drapkin Partners, L.P. (“Becker Drapkin LP”), BC Advisors, LLC (“BCA”), Steven R. Becker (“Mr. Becker”) and Matthew A. Drapkin (“Mr. Drapkin,” and together with BD Management, Becker Drapkin QP, Becker Drapkin LP, BCA and Mr. Becker, the “Reporting Persons”). Becker Drapkin QP and Becker Drapkin LP are referred to collectively as the “Becker Drapkin Funds.”
Becker Drapkin QP has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the ordinary shares of common stock of the Issuer (the “Common Stock”) owned by it (the “Becker Drapkin QP Shares”). Becker Drapkin QP disclaims beneficial ownership of the Becker Drapkin LP Shares (defined below).
Becker Drapkin LP has the power to vote or to direct the vote of (and the power to dispose or direct the disposition of) the Common Stock owned by it (the “Becker Drapkin LP Shares,” and together with the Becker Drapkin QP Shares, the “Becker Drapkin Funds Shares”). Becker Drapkin LP disclaims beneficial ownership of the Becker Drapkin QP Shares.
As general partner of each of the Becker Drapkin Funds, BD Management may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) the Becker Drapkin Funds Shares. BD Management does not own any Common Stock directly and disclaims beneficial ownership of the Becker Drapkin Funds Shares.
As general partner of BD Management, BCA may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any Common Stock beneficially owned by BD Management. BCA does not own any Common Stock directly and disclaims beneficial ownership of any Common Stock beneficially owned by BD Management.
As co-managing members of BCA, each of Mr. Becker and Mr. Drapkin may be deemed to have the shared power to vote or direct the vote of (and the shared power to dispose or direct the disposition of) any Common Stock beneficially owned by BCA. Mr. Becker and Mr. Drapkin each hereby disclaim beneficial ownership of any Common Stock beneficially owned by BCA.
Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act, the beneficial owner of any securities covered by this statement.
      (b) Address of Principal Business Office or, if none, Residence
The address of the principal business office of each of the Reporting Persons is 300 Crescent Court, Suite 1111, Dallas, Texas 75201.

 

 


 

  (c)  
Citizenship
 
     
See Item 4 on the cover page(s) hereto.
 
  (d)  
Title of Class of Securities
 
     
Common Stock
 
  (e)  
CUSIP Number
 
     
444144109
Item 3.  
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is:
         
(a)
  o   A Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
 
(b)
  o   A Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
 
(c)
  o   An insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
 
(d)
  o   An investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
 
(e)
  o   An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
(f)
  o   An employee benefit plan or endowment fund in accordance with §240.13d- 1(b)(1)(ii)(F);
 
(g)
  o   A parent holding company or control person in accordance with §240.13d- 1(b)(1)(ii)(G);
 
(h)
  o   A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i)
  o   A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
(j)
  o   A non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J);
 
(k)
  o   A group, in accordance with §240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: _____
Item 4.  
Ownership.
  (a)  
Amount beneficially owned: See Item 9 on the cover page(s) hereto.
 
  (b)  
Percent of class: See Item 11 on the cover page(s) hereto.
 
  (c)  
Number of shares as to which such person has:

 

 


 

  (i)  
Sole power to vote or to direct the vote: See Item 5 on the cover page(s) hereto.
 
  (ii)  
Shared power to vote or to direct the vote: See Item 6 on the cover page(s) hereto.
 
  (iii)  
Sole power to dispose or to direct the disposition of: See Item 7 on the cover page(s) hereto.
 
  (iv)  
Shared power to dispose or to direct the disposition of: See Item 8 on the cover page(s) hereto.
Item 5.  
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following o.
Item 6.  
Ownership of More than Five Percent on Behalf of Another Person
 
Not Applicable
Item 7.  
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
 
Not Applicable
Item 8.  
Identification and Classification of Members of the Group
 
Not Applicable
Item 9.  
Notice of Dissolution of Group
 
Not Applicable
Item 10.  
Certifications
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 

 


 

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
         
Date: May 11, 2011  BECKER DRAPKIN MANAGEMENT, L.P.
 
 
  By:   BC Advisors, LLC, its general partner    
 
    By:   /s/ Ashley Sekimoto    
    Name:   Ashley Sekimoto   
    Title:   Attorney-in-Fact   
 
  BECKER DRAPKIN PARTNERS (QP), L.P.
 
 
  By:   Becker Drapkin Management, L.P., its general partner    
 
  By:   BC Advisors, LLC, its general partner    
 
    By:   /s/ Ashley Sekimoto    
    Name:   Ashley Sekimoto   
    Title:   Attorney-in-Fact   
 
  BECKER DRAPKIN PARTNERS, L.P.
 
 
  By:   Becker Drapkin Management, L.P., its general partner    
 
  By:   BC Advisors, LLC, its general partner    
 
    By:   /s/ Ashley Sekimoto    
    Name:   Ashley Sekimoto   
    Title:   Attorney-in-Fact   
 
  BC ADVISORS, LLC
 
 
    By:   /s/ Ashley Sekimoto    
    Name:   Ashley Sekimoto   
    Title:   Attorney-in-Fact   
 
  STEVEN R. BECKER
 
 
  /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact   
 
  MATTHEW A. DRAPKIN
 
 
  /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact   

 

 


 

         
EXHIBIT INDEX
     
Exhibit   Description of Exhibit
 
   
24.1
  Power of Attorney (furnished herewith)
 
   
99.1
  Joint Filing Agreement (furnished herewith)

 

 

EX-24.1 2 c17097exv24w1.htm EXHIBIT 24.1 Exhibit 24.1
EXHIBIT 24.1
POWER OF ATTORNEY
May 11, 2011
Know all men by these presents, that each of Becker Drapkin Management, L.P., Becker Drapkin Partners (QP), L.P., Becker Drapkin Partners, L.P., BC Advisors, LLC, Steven R. Becker and Matthew A. Drapkin hereby constitutes and appoints Ashley Sekimoto, as the true and lawful attorney-in-fact and agent of such party with full power and authority and full power of substitution and resubstitution, for, in the name of, and on behalf of such party, place and stead, in any and all capacities, (i) to execute any and all filings required by such party under Section 13 or Section 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (or any similar rule with respect to foreign exchanges) or any rule or regulation thereunder (including any amendment, supplement, and/or exhibit thereto), for, in the name of, and on behalf of such party, (ii) to do and perform any and all acts for, in the name of, and on behalf of such party which said attorney-in-fact determines may be necessary or appropriate to complete and execute any and all such filings, amendments, supplements and/or exhibits and any and all other document(s) in connection therewith, (iii) to file such filings, amendments, supplements, exhibits and/or documents with any governmental office or agency, whether U.S., foreign, state or local government (including, without limitation, the U.S. Securities and Exchange Commission and state securities administrators or commissions), or any stock exchange or stock quotation system, as may be required under applicable laws or rules and regulations of any stock exchange or stock quotation system, and (iv) to perform any and all other acts that said attorney-in-fact or agent determines may be necessary or appropriate in connection with the foregoing that may be in the best interest of or legally required by such party, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite or necessary to be done in and about the premises, as fully to all intents and purposes as such party might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent shall do or cause to be done by virtue hereof. Each of Becker Drapkin Management, L.P., Becker Drapkin Partners (QP), L.P., Becker Drapkin Partners, L.P., BC Advisors, LLC, Steven R. Becker and Matthew A. Drapkin hereby acknowledges that the foregoing attorney-in-fact and agent in serving in such capacity at the request of such party, is not assuming any of the responsibilities of such party to comply with Section 16 or Section 13(d) of the Exchange Act and the rules and regulations promulgated thereunder.
Remainder of Page Intentionally Left Blank. Signature Page(s) to Follow.

 

 


 

IN WITNESS WHEREOF, each party hereto has caused this agreement to be executed and effective as of the date first written above.
         
Date: May 11, 2011   BECKER DRAPKIN MANAGEMENT, L.P.
 
 
  By:   BC Advisors, LLC, its general partner    
         
  By:   /s/ Steven R. Becker    
  Name:   Steven R. Becker   
  Title:   Managing Member   
         
  BECKER DRAPKIN PARTNERS (QP), L.P.
 
 
  By:   Becker Drapkin Management, L.P., its general partner    
 
  By:   BC Advisors, LLC, its general partner    
         
  By:   /s/ Steven R. Becker    
  Name:   Steven R. Becker   
  Title:   Managing Member   
         
  BECKER DRAPKIN PARTNERS, L.P.
 
 
  By:   Becker Drapkin Management, L.P., its general partner    
 
  By:   BC Advisors, LLC, its general partner    
         
  By:   /s/ Steven R. Becker    
  Name:   Steven R. Becker   
  Title:   Managing Member   
         
  BC ADVISORS, LLC    
         
  By:   /s/ Steven R. Becker    
  Name:   Steven R. Becker   
  Title:   Managing Member   
         
  STEVEN R. BECKER
 
 
  /s/ Steven R. Becker    
     
 
  MATTHEW A. DRAPKIN
 
 
  /s/ Matthew A. Drapkin    
     
     

 

 

EX-99.1 3 c17097exv99w1.htm EXHIBIT 99.1 Exhibit 99.1
         
EXHIBIT 99.1
JOINT FILING AGREEMENT
May 11, 2011
Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.
Remainder of Page Intentionally Left Blank. Signature Page(s) to Follow.

 

 


 

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date first written above.
         
Date: May 11, 2011   BECKER DRAPKIN MANAGEMENT, L.P.
 
 
  By:   BC Advisors, LLC, its general partner    
         
  By:   /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact   
         
  BECKER DRAPKIN PARTNERS (QP), L.P.
 
 
  By:   Becker Drapkin Management, L.P., its general partner
 
 
  By:   BC Advisors, LLC, its general partner    
         
  By:   /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact   
         
  BECKER DRAPKIN PARTNERS, L.P.
 
 
  By:   Becker Drapkin Management, L.P., its general partner
 
 
  By:  BC Advisors, LLC, its general partner   
         
  By:   /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact   
         
  BC ADVISORS, LLC    
         
  By:   /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact   
         
  STEVEN R. BECKER
 
 
  /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact   
 
  MATTHEW A. DRAPKIN
 
 
  /s/ Ashley Sekimoto    
  Name:   Ashley Sekimoto   
  Title:   Attorney-in-Fact