| |
As part of our effort to maintain a safe and healthy environment at our 2022 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 Jersey Department of Health (nj.gov/health) regarding the novel coronavirus disease, COVID-19, we have decided to pursue a “hybrid” meeting to give shareholders the option of attending the 2022 Annual Meeting online at https://www.cstproxy.com/hudsontech/2022. Shareholders who wish to attend the meeting in person may do so at the physical meeting location at the Company’s offices at 300 Tice Boulevard, Suite 290, Woodcliff Lake, New Jersey 07677. The health and well-being of our employees, directors and shareholders are of the utmost importance to us. For that reason, some of our Board of Directors and members of the management team will be attending the 2022 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 2022 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 2022 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.
|
| |
| | | | By Order of the Board of Directors | |
| | | |
Nat Krishnamurti
Secretary |
|
| April 26, 2022 | | | | |
Name
|
| |
Age
|
| |
Position
|
|
Stephen P. Mandracchia | | |
62
|
| | Director | |
Richard Parrillo | | |
69
|
| | Director | |
Eric A. Prouty | | |
52
|
| | Director | |
Name
|
| |
Age
|
| |
Position
|
|
Vincent P. Abbatecola | | |
76
|
| | Director | |
Brian F. Coleman | | |
60
|
| | Director, Chairman, President and Chief Executive Officer | |
Otto C. Morch | | |
88
|
| | Director | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($)(2) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
Brian F. Coleman, President, Chief Executive Officer(3)
|
| | | | 2021 | | | | | $ | 507,885 | | | | | | — | | | | | $ | 363,000 | | | | | $ | 843,250 | | | | | $ | 86,439(4) | | | | | $ | 1,800,574 | | |
| | | 2020 | | | | | $ | 441,764 | | | | | | — | | | | | $ | 220,000 | | | | | $ | 233,750 | | | | | $ | 86,439(4) | | | | | $ | 981,953 | | | ||
Nat Krishnamurti, Chief Financial Officer and Secretary
|
| | | | 2021 | | | | | $ | 282,308 | | | | | | — | | | | | $ | 107,250 | | | | | $ | 217,750 | | | | | $ | 2,800(5) | | | | | $ | 610,108 | | |
| | | 2020 | | | | | $ | 275,000 | | | | | | — | | | | | $ | 35,000 | | | | | $ | 105,000 | | | | | $ | 2,800(5) | | | | | $ | 417,800 | | | ||
Kathleen L. Houghton, Vice President – Sales and Marketing
|
| | | | 2021 | | | | | $ | 274,615 | | | | | | — | | | | | $ | 108,900 | | | | | $ | 221,100 | | | | | $ | 1,623(5) | | | | | $ | 606,238 | | |
| | | 2020 | | | | | $ | 247,615 | | | | | | — | | | | | $ | 40,000 | | | | | $ | 105,000 | | | | | $ | 1,623(5) | | | | | $ | 394,238 | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option Exercise
Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Brian F. Coleman
|
| | | | 945,000 | | | | | | — | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 261,905 | | | | | | — | | | | | $ | 1.60 | | | | | | 3/12/2026 | | | ||
Nat Krishnamurti
|
| | | | 300,000 | | | | | | — | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 41,667 | | | | | | — | | | | | $ | 1.60 | | | | | | 3/12/2026 | | | ||
Kathleen L. Houghton
|
| | | | 120,000 | | | | | | — | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 20,000 | | | | | | — | | | | | $ | 1.25 | | | | | | 2/20/2022 | | | ||
| | | | | 47,619 | | | | | | — | | | | | $ | 1.60 | | | | | | 3/12/2026 | | |
Name
|
| |
Fees earned
or paid in cash |
| |
Stock
Awards(1) |
| |
Option
Awards(2) |
| |
All Other
Compensation |
| |
Total
|
| |||||||||||||||
Vincent P. Abbatecola(3)
|
| | | $ | 60,000 | | | | | | — | | | | | $ | 12,000 | | | | | | — | | | | | $ | 72,000 | | |
Richard D. Caruso(3)
|
| | | $ | 50,000 | | | | | $ | 5,000 | | | | | $ | 5,000 | | | | | | — | | | | | $ | 60,000 | | |
Jill K. Frizzley(3)
|
| | | $ | 60,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 60,000 | | |
Stephen P. Mandracchia(3)
|
| | | $ | 52,000 | | | | | $ | 12,000 | | | | | | — | | | | | | — | | | | | $ | 64,000 | | |
Dominic J. Monetta(3)(4)
|
| | | $ | 40,000 | | | | | $ | 24,000 | | | | | | — | | | | | | — | | | | | $ | 64,000 | | |
Otto C. Morch(3)
|
| | | $ | 60,000 | | | | | | — | | | | | $ | 12,000 | | | | | | — | | | | | $ | 72,000 | | |
Richard Parrillo(3)
|
| | | $ | 52,000 | | | | | | — | | | | | $ | 12,000 | | | | | | — | | | | | $ | 64,000 | | |
Eric A. Prouty(3)
|
| | | $ | 40,000 | | | | | $ | 24,000 | | | | | | — | | | | | | — | | | | | $ | 64,000 | | |
Name of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership(1) |
| |
Percent of Class
|
| ||||||
Brian F. Coleman
|
| | | | 2,203,302(2) | | | | | | 4.8% | | |
Nat Krishnamurti
|
| | | | 391,933(3) | | | | | | * | | |
Kathleen L. Houghton
|
| | | | 240,911(4) | | | | | | * | | |
Vincent P. Abbatecola
|
| | | | 216,711(5) | | | | | | * | | |
Stephen P. Mandracchia
|
| | | | 674,756(6) | | | | | | 1.5% | | |
Otto C. Morch
|
| | | | 198,499(7) | | | | | | * | | |
Richard Parrillo
|
| | | | 329,153(8) | | | | | | * | | |
Eric A. Prouty
|
| | | | 306,986(9) | | | | | | * | | |
Cooper Creek Partners Management LLC
|
| | | | 4,089,779(10) | | | | | | 9.3% | | |
Ernest Lazarus
|
| | | | 3,959,915(11) | | | | | | 9.1% | | |
ArrowMark Colorado Holdings LLC
|
| | | | 3,080,506(12) | | | | | | 7.0% | | |
Riva Ridge Capital Management LP
|
| | | | 2,743,996(13) | | | | | | 6.2% | | |
Goldberg Capital Management
|
| | | | 2,727,694(14) | | | | | | 6.1% | | |
All directors and executive officers as a group (Nine Persons)
|
| | | | 4,722,305(15) | | | | | | 10.0% | | |