Hudson Global, Inc. Files 10-K/A Amendment for Fiscal Year Ended December 31, 2023

TL;DR

<b>Hudson Global, Inc. has filed an amended 10-K report for the fiscal year 2023, confirming compliance with SEC filing requirements.</b>

AI Summary

Hudson Global, Inc. (STRRP) filed a Amended Annual Report (10-K/A) with the SEC on April 26, 2024. Hudson Global, Inc. filed a 10-K/A (Amendment No. 1) for the fiscal year ended December 31, 2023. The company's common stock and preferred share purchase rights are registered on The NASDAQ Stock Market LLC. Hudson Global, Inc. is incorporated in Delaware and has its principal executive offices in Old Greenwich, CT. The filing indicates the company has submitted all required reports for the preceding 12 months and has been subject to filing requirements for the past 90 days. The company has submitted electronically every Interactive Data File required for the preceding 12 months.

Why It Matters

For investors and stakeholders tracking Hudson Global, Inc., this filing contains several important signals. This amendment signifies a formal update or correction to the company's annual financial disclosures, which is crucial for investors to have the most accurate information. The confirmation of electronic filing of Interactive Data Files suggests adherence to modern regulatory standards for financial reporting transparency.

Risk Assessment

Risk Level: low — Hudson Global, Inc. shows low risk based on this filing. The risk is low as this is an amended filing (10-K/A) which typically involves corrections or updates to previously submitted information, rather than indicating new material adverse events.

Analyst Insight

Review the specific amendments within the 10-K/A filing to understand any changes to Hudson Global, Inc.'s financial position or disclosures for the fiscal year 2023.

Key Numbers

• 2023-12-31 — Fiscal Year End (The period covered by the 10-K/A filing.)
• 001-38704 — Commission File Number (SEC file number for Hudson Global, Inc.)
• 59-3547281 — IRS Employer Identification No. (Tax identification number for Hudson Global, Inc.)
• 2024-04-26 — Filing Date (Date the 10-K/A amendment was filed.)

Key Players & Entities

• Hudson Global, Inc. (company) — Filer name and subject of the 10-K/A filing.
• The NASDAQ Stock Market LLC (company) — Exchange where Hudson Global's securities are registered.
• Delaware (jurisdiction) — State of incorporation for Hudson Global, Inc.
• Old Greenwich, CT (location) — Location of Hudson Global, Inc.'s principal executive offices.
• 2023-12-31 (date) — Fiscal year end date for the reported period.
• 2024-04-26 (date) — Filing date of the 10-K/A amendment.

FAQ

Industry Context

Hudson Global, Inc. operates in the services sector, specifically in help supply services (SIC code 7363). This filing is a standard annual report amendment.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit annual reports and amendments as necessary.

What Investors Should Do

1. Review the specific changes and additions made in Amendment No. 1 to the 10-K filing.
2. Verify the accuracy of the financial and operational data presented for the fiscal year 2023.
3. Assess the implications of any disclosed information on the company's current and future performance.

Key Dates

• 2023-12-31: Fiscal Year End — Marks the end of the reporting period for the 10-K/A filing.
• 2024-04-26: Filing Date — Date the amendment (10-K/A) was officially submitted to the SEC.

Year-Over-Year Comparison

This is an amended filing (10-K/A), indicating updates or corrections to the original 10-K filing for the fiscal year ended December 31, 2023.

Key Financial Figures

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• $120,000 — penalties of $90,000 for Mr. Eberwein, $120,000 for Lone Star Value Management, $180,00
• $180,000 — 120,000 for Lone Star Value Management, $180,000 for Heartland Advisors, and $30,000 for
• $30,000 — t, $180,000 for Heartland Advisors, and $30,000 for the other investor. On February 24,
• $25,000 — censured and to pay civil penalties of $25,000 for Mr. Eberwein and $100,000 for LSVM.
• $100,000 — nalties of $25,000 for Mr. Eberwein and $100,000 for LSVM. Jacob "Jake" Zabkowicz , ha

Filing Documents

• hson-20231231.htm (10-K/A) — 448KB
• hson-20231231xexx231.htm (EX-23.1) — 3KB
• hson-20231231xexx313.htm (EX-31.3) — 5KB
• hson-20231231xexx314.htm (EX-31.4) — 5KB
• 0001210708-24-000028.txt (&nbsp;) — 756KB
• hson-20231231.xsd (EX-101.SCH) — 3KB
• hson-20231231_def.xml (EX-101.DEF) — 23KB
• hson-20231231_lab.xml (EX-101.LAB) — 41KB
• hson-20231231_pre.xml (EX-101.PRE) — 25KB
• hson-20231231_htm.xml (XML) — 6KB

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 3

EXECUTIVE COMPENSATION

ITEM 11. EXECUTIVE COMPENSATION 8

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 19

CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR INDEPENDENCE 21

PRINCIPAL ACCOUNTANT FEES AND SERVICES

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 21 PART IV

EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 22 EXHIBIT INDEX 22

SIGNATURES

SIGNATURES 25 PART III

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE The following table sets forth certain information regarding our directors and executive officers: Name Age Title Jeffrey E. Eberwein 53 Chief Executive Officer and Director Jacob "Jake" Zabkowicz 41 Global Chief Executive Officer, Hudson RPO Holdings LLC Matthew K. Diamond 48 Chief Financial Officer Mimi K. Drake 55 Director Robert G. Pearse 64 Director Connia M. Nelson 68 Director Jeffrey E. Eberwein , has served as a director since May 2014. Mr. Eberwein has served as Chief Executive Officer since April 2018, with responsibility for the Company's growth strategy, operational execution, and overall performance. Mr. Eberwein formerly ran Lone Star Value Management, an investment firm he founded in 2013. He has 25 years of Wall Street experience and valuable public company and financial expertise gained through his employment history and directorships. Prior to founding Lone Star Value Management in 2013, Mr. Eberwein was a private investor and served as a portfolio manager at Soros Fund Management from 2009 to 2011 and Viking Global Investors from 2005 to 2008. Additionally, Mr. Eberwein serves as Executive Chairman of the Board at one other publicly traded company: Star Equity Holdings, Inc., a diversified holding company. Additionally, Mr. Eberwein served as a director of Novation Companies, Inc. from April 2015 to March 2018 and served as Chairman of the Board of Crossroads Systems, Inc. from June 2013 to May 2016, NTS, Inc. and On Track Innovations Ltd. from 2012 to 2014, AMERI Holdings, Inc. from May 2015 to August 2018, ATRM Holdings, Inc. from January 2013 until September 2019 and Goldfield Corporation from 2012 to 2013. The particular experience, qualifications, attributes, or skills that led our Board of Directors to conclude that Mr. Eberwein should continue to serve as a director of our Company include his expertise in finance and experience in the investment community. On Febr

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View this 10-K/A filing on SEC EDGAR