| |
As part of our effort to maintain a safe and healthy environment at our 2020 Annual Meeting and after closely monitoring statements issued by the World Health Organization (who.int), the Centers for Disease Control and Prevention (cdc.gov) and the New York State Department of Health (health.ny.gov) regarding the novel coronavirus disease, COVID-19, we have decided to pursue a “hybrid” meeting to give shareholders the option of attending the 2020 Annual Meeting online at https://www.cstproxy.com/hudsontech/2020. Shareholders who wish to attend the meeting in person may do so at the physical meeting location at the Company’s offices at One Blue Hill Plaza, Pearl River, New York 10965. The health and well-being of our employees, directors and shareholders are of the utmost importance to us. For that reason, our Board of Directors and most members of the management team will be attending the 2020 Annual Meeting by remote communication, and will not be present at the physical meeting location. If permitted by law, we reserve the right to hold the 2020 Annual Meeting solely by means of remote communication. If we make the decision to do so, it will be communicated by press release, posted on our website, and filed with the SEC as additional proxy material. We strongly encourage all attendees to review guidance from public health authorities and to attend the 2020 Annual Meeting online and vote their shares in advance of the meeting, using the internet, by telephone or by mail to address concerns about exposure to COVID-19.
|
| |
Name
|
| |
Age
|
| |
Position
|
|
Richard D. Caruso | | |
58
|
| | Director | |
Dominic J. Monetta | | |
78
|
| | Director | |
Richard Parrillo | | |
67
|
| | Director | |
Eric A. Prouty | | |
50
|
| | Director | |
Kevin J. Zugibe | | |
56
|
| | Director, Chairman and Chief Executive Officer | |
Name
|
| |
Age
|
| |
Position
|
|
Vincent P. Abbatecola | | |
74
|
| | Director | |
Brian F. Coleman | | |
58
|
| | Director, President and Chief Operating Officer | |
Jill K. Frizzley | | |
44
|
| | Director | |
Otto C. Morch | | |
86
|
| | Director | |
Named Executive Officer
|
| |
Grant Date
|
| |
Number of
Options Granted |
| |
Estimated
Fair Value of Awards at Grant Date |
| ||||||
Kevin J. Zugibe
|
| |
12/19/2019
|
| | | | 975,000 | | | | | $ | 448,500 | | |
Brian F. Coleman
|
| |
12/19/2019
|
| | | | 945,000 | | | | | $ | 434,700 | | |
Nat Krishnamurti
|
| |
12/19/2019
|
| | | | 300,000 | | | | | $ | 138,000 | | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| ||||||||||||||||||
Kevin J. Zugibe,
Chairman, Chief Executive Officer(3) |
| |
2019
|
| | | $ | 532,800 | | | | | | — | | | | | $ | 448,500 | | | | | | — | | | | | $ | 5,400(4) | | | | | $ | 989,700 | | |
|
2018
|
| | | $ | 532,800 | | | | | | — | | | | | $ | 422,611 | | | | | | — | | | | | $ | 5,400(4) | | | | | $ | 960,811 | | | ||
Brian F. Coleman,
President, Chief Operating Officer(3) |
| |
2019
|
| | | $ | 346,300 | | | | | | — | | | | | $ | 434,700 | | | | | | — | | | | | $ | 86,410(5) | | | | | $ | 867,410 | | |
|
2018
|
| | | $ | 346,300 | | | | | | — | | | | | $ | 423,933 | | | | | | — | | | | | $ | 15,200(5) | | | | | $ | 785,433 | | | ||
Nat Krishnamurti,
Chief Financial Officer and Secretary |
| |
2019
|
| | | $ | 250,000 | | | | | | — | | | | | $ | 138,000 | | | | | | — | | | | | $ | 2,800(4) | | | | | $ | 390,800 | | |
|
2018
|
| | | $ | 250,000 | | | | | $ | 4,520(6) | | | | | $ | 206,193 | | | | | | — | | | | | $ | 2,800(4) | | | | | $ | 464,513 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Kevin J. Zugibe
|
| | | | 600,000 | | | | | | 375,000(1) | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | | | 907,562 | | | | | | — | | | | | $ | 1.09 | | | | | | 11/30/2021 | | |
Brian F. Coleman
|
| | | | 570,000 | | | | | | 375,000(1) | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | | | 910,400 | | | | | | — | | | | | $ | 1.09 | | | | | | 11/30/2021 | | |
Nat Krishnamurti
|
| | | | 175,000 | | | | | | 125,000(1) | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | | | 442,800 | | | | | | — | | | | | $ | 1.09 | | | | | | 11/30/2021 | | |
Name
|
| |
Fees
earned or paid in cash |
| |
Stock
Awards(1) |
| |
Option
Awards(2) |
| |
All Other
Compensation |
| |
Total
|
| |||||||||||||||
Vincent P. Abbatecola(3)
|
| | | $ | 46,000 | | | | | | — | | | | | $ | 37,600 | | | | | | — | | | | | $ | 83,600 | | |
Richard D. Caruso(3)(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 0 | | |
Jill K. Frizzley(3)(4)
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 0 | | |
Dominic J. Monetta(3)
|
| | | $ | 46,000 | | | | | $ | 10,000 | | | | | $ | 27,600 | | | | | | — | | | | | $ | 83,600 | | |
Otto C. Morch(3)
|
| | | $ | 46,000 | | | | | | — | | | | | $ | 37,600 | | | | | | — | | | | | $ | 83,600 | | |
Richard Parrillo(3)
|
| | | $ | 30,000 | | | | | | — | | | | | $ | 48,600 | | | | | | — | | | | | $ | 78,600 | | |
Eric A. Prouty(3)
|
| | | $ | 31,000 | | | | | | — | | | | | $ | 47,600 | | | | | | — | | | | | $ | 78,600 | | |
Name of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership(1) |
| |
Percent of
Class |
| ||||||
Kevin J. Zugibe
|
| | | | 5,206,235(2) | | | | | | 11.8% | | |
Brian F. Coleman
|
| | | | 2,069,169(3) | | | | | | 4.7% | | |
Nat Krishnamurti
|
| | | | 663,832(4) | | | | | | 1.5% | | |
Vincent P. Abbatecola
|
| | | | 344,490(5) | | | | | | * | | |
Richard D. Caruso
|
| | | | 0 | | | | | | — | | |
Jill K. Frizzley
|
| | | | 0 | | | | | | — | | |
Dominic J. Monetta
|
| | | | 288,371(6) | | | | | | * | | |
Otto C. Morch
|
| | | | 257,929(7) | | | | | | * | | |
Richard Parrillo
|
| | | | 322,415(8) | | | | |
|
*
|
| |
Eric A. Prouty
|
| | | | 262,585(9) | | | | |
|
*
|
| |
ArrowMark Colorado Holdings LLC
|
| | | | 4,286,631(10) | | | | | | 10.1% | | |
Cooper Creek Partners Management LLC
|
| | | | 4,161,573(11) | | | | | | 9.8% | | |
Ernest Lazarus
|
| | | | 3,959,915(12) | | | | | | 9.3% | | |
Calm Waters Partnership
|
| | | | 3,404,573(13) | | | | | | 8.0% | | |
All directors and executive officers as a group (Eleven Persons)
|
| | | | 9,415,026(14) | | | | | | 19.8% | | |
Plan Category
|
| |
Number of securities to be
issued upon exercise of outstanding options, warrants and rights (a) |
| |
Weighted-average exercise
price of outstanding options, warrants and rights (b) |
| |
Number of securities remaining
available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) |
| |||||||||
Equity compensation plans approved by security
holders |
| | | | 7,042,377 | | | | | $ | 1.01 | | | | | | 77,400 | | |
Equity compensation plans not approved by security holders
|
| | | | 0 | | | | | | — | | | | | | 0 | | |
Total
|
| | | | 7,042,377 | | | | | $ | 1.01 | | | | | | 77,400 | | |
| | |
Number of
Shares Before Reverse Stock Split |
| |
Reverse
Stock Split Ratio of 1-for-2 |
| |
Reverse
Stock Split Ratio of 1-for-3 |
| |
Reverse
Stock Split Ratio of 1-for-5 |
| |
Reverse
Stock Split Ratio of 1-for-10 |
| |||||||||||||||
Number of Shares of Common Stock Issued and Outstanding
|
| | | | 42,628,560 | | | | | | 21,314,280 | | | | | | 14,209,520 | | | | | | 8,525,712 | | | | | | 4,262,856 | | |
Number of Shares of Common Stock Authorized under our Plans
|
| | | | 7,000,000 | | | | | | 3,500,000 | | | | | | 2,333,334 | | | | | | 1,400,000 | | | | | | 700,000 | | |
| | | | HUDSON TECHNOLOGIES, INC. | |
| | | |
By:
Kevin J. Zugibe
Chairman of the Board and Chief Executive Officer |
|
&D$#W ^WZ'N#_P#SM%&%CB='&0&ZO>=!M_>=_(:D
MI9O4<-S@QMFYQX:&N).F[1NW]U"LZOAMI-M1-_@QD G4;MKKG4U^QKM_\XC.
MP<=Q).^3!_G+!QX0_P!J3L*AQ<3O]\[OTEG?3]_VI*:S>LUD^['NK!X+_3;K
M&[;M-N]K_P"NE^VF!Q:[%N!$:35WGPO\E9.#CGL_@B?4?,'SWI?8,:"/?!(/
M\Y9V$?OI*15=6Q'U-?9NH D!\@'Z @,"# (4 AT")@(O C@"00)+
M E0"70)G G$">@*$ HX"F *B JP"M@+! LL"U0+@ NL"]0, PL#%@,A RT#
M. -# T\#6@-F W(#?@.* Y8#H@.N [H#QP/3 ^ #[ /Y! 8$$P0@!"T$.P1(
M!%4$8P1Q!'X$C 2:!*@$M@3$!-,$X03P!/X%#044%]@8&!A8&)P8W!D@&609J!GL&C :=!J\&P ;1!N,&]0<'
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M&NP;%!L[&V,;BANR&]H< APJ'%(<>QRC',P<]1T>'4<=
M:AZ4'KX>Z1\3'SX?:1^4'[\?ZB 5($$@;""8(,0@\"$<(4@A=2&A( &YXS'DJ>8EYYWI&>J5[!'MC>\)\(7R!?.%]07VA?@%^
M8G["?R-_A'_E@$> J($*@6N!S8(P@I*"](-7@[J$'82 A..%1X6KA@Z& *KI8I!;E![]TU
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M16]\5V-U'VAM^FW/L;>F%6MAH=_(24DKS**FL)>T%QK#J]W^
NK'K]*H;6 DP23J3N.KRYRK75!V4+MI-U;V-J=L!AAV^K^DV_R
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MPF3D.F !SR!MW?3^DDI(.I81) LF.8:X^7[J7[4P(!]409C0ZQ]+M^:H,Z<
M\.?87AI! ]P/M^A[@_\ \[11A8XG1QD!NKWG0;?WG?R&I*6;U'#-K!4^H1O#4+'I)5
MF;W7F8N:GHE/\JW^1K\K/Y5/S+[&[,ZK^5_6F\_A]VE/N+:>Z^BMP;6WW2[V
MK.N<7EZ[+=*YRHS\-7)C)MW;52=,8N0>D$-315.21@KS0O#[K;.6X]*C^;/_
M "->YOYB?SY^./R]V+W]U?UKM+I#:/3FWLOLG=VSMV9S
M/<#;:PE;V9T#F=G;YVGUSOG<]=53';F[*,5D#2TV&PE))N+<^0QU34'%T3(9
MJ=I247W300TJ<=5)?\+)YJB#X_? N2CC:6N'R4WZE!&M3]FSY"7J"MBH%6M_
MW03,R?O_ .Z_U_V??O+J\6&Q_JP>JGN]_B+\CO\ A,Y\FO@#\V-J;USO=VU>
MQ]N3;7^2T6(T4%#NKL"N\>[/D#T%#DZE)8ZC&[BQ2G-[(R>6\M:V4PV>V#/NW.?'/;^!V9EE0 B6OGUMY?] B/\OS_ $/_ -U/],GR?_TU?P>W^G#^
M^F#_ (?_ 'G^UM]]_H>^P_@?\)^X]?\ #-7W7B_:_B?D_P H][Z:\5ZUKUJ&
M_';N#Y!_R.OYI&3CRV8CIMP]$=SP=*?)S";?;,T^R.\NC