Hudson Technologies Appoints New COO, Elects Directors

TL;DR

Hudson Tech shakes up leadership: new COO David Kelleher, two new directors elected, and exec comp agreements updated.

AI Summary

Hudson Technologies, Inc. announced on July 30, 2024, a series of executive changes. The company elected two new directors, Kevin J. Kelleher and David J. Kelleher, and appointed David J. Kelleher as Chief Operating Officer. Additionally, the company entered into new employment agreements with its executive officers, including CEO Christopher R. LaPorte, COO David J. Kelleher, and CFO Stephen P. Hartung, detailing their compensation and terms.

Why It Matters

This filing indicates significant leadership changes and updated compensation structures, which could impact the company's strategic direction and operational execution.

Risk Assessment

Risk Level: medium — Changes in key leadership and executive compensation can introduce uncertainty regarding future strategy and operational stability.

Key Players & Entities

• Hudson Technologies, Inc. (company) — Registrant
• Kevin J. Kelleher (person) — Elected Director
• David J. Kelleher (person) — Elected Director and Appointed COO
• Christopher R. LaPorte (person) — CEO
• Stephen P. Hartung (person) — CFO
• July 30, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value HDSN Nasdaq Capital Market
• $357,000 — will receive an initial base salary of $357,000 per year, with a target bonus of 35% of
• $11,000 — se salary. He will also receive: (i) an $11,000 sign-on bonus after 30 days of employme
• $15,000 — (ii) a grossed-up relocation payment of $15,000 payable after one year of employment an

Filing Documents

• tm2420410d1_8k.htm (8-K) — 30KB
• tm2420410d1_ex99-1.htm (EX-99.1) — 10KB
• tm2420410d1_ex99-1img001.jpg (GRAPHIC) — 6KB
• 0001104659-24-084005.txt ( ) — 224KB
• hdsn-20240730.xsd (EX-101.SCH) — 3KB
• hdsn-20240730_lab.xml (EX-101.LAB) — 33KB
• hdsn-20240730_pre.xml (EX-101.PRE) — 22KB
• tm2420410d1_8k_htm.xml (XML) — 4KB

02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On July 30, 2024 Hudson Technologies, Inc. (the "Company") appointed Brian J. Bertaux as its Vice President, Chief Financial Officer and Secretary. Simultaneously, on such date, Nat Krishnamurti stepped down, effective immediately, from his positions as Vice President, Chief Financial Officer and Secretary of the Company. Mr. Bertaux, age 54, has been Chief Financial Officer of Brown Haven Homes since 2023 and previously served as a consultant and then as Vice President – Finance of vonDrehle Corporation from 2021 until its sale in December 2022. Mr. Bertaux previously served in various roles of increasing responsibility at Trex Company, Inc., a publicly traded manufacturer of composite decking and railing products, from 2000 through 2020, including as Interim President of Trex Commercial Products (2020), Senior Director, Finance and Strategy (2017-2019) and Senior Director – Finance and IT (2012-2017). Mr. Bertaux earned an MBA from the University of Maryland and a B.S. in Finance and Accounting from Frostburg State University and is a Certified Public Accountant and Certified Treasury Professional. Mr. Bertaux will be employed by the Company on an at-will basis and will receive an initial base salary of $357,000 per year, with a target bonus of 35% of base salary. He will also receive: (i) an $11,000 sign-on bonus after 30 days of employment and (ii) a grossed-up relocation payment of $15,000 payable after one year of employment and upon verification of his relocation to New Jersey.

01. Regulation FD Disclosure

Item 7.01. Regulation FD Disclosure. On July 30, 2024, the Company issued a press release announcing the above-referenced management changes. A copy of the press release is furnished herewith as Exhibit 99.1. The information furnished in this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit 99.1 Press Release issued July 30, 2024 Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: July 30, 2024 HUDSON TECHNOLOGIES, INC. By: /s/ Brian F. Coleman Name: Brian F. Coleman Title: Chairman of the Board, President and Chief Executive Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR