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As part of our effort to maintain a safe and healthy environment at our 2021 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 2021 Annual Meeting online at https://www.cstproxy.com/hudsontech/2021. 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 2021 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 2021 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 2021 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.
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| |
Name
|
| |
Age
|
| |
Position
|
|
Vincent P. Abbatecola | | |
75
|
| | Director | |
Brian F. Coleman | | |
59
|
| | Director, Chairman, President and Chief Executive Officer | |
Jill K. Frizzley | | |
45
|
| | Director | |
Otto C. Morch | | |
87
|
| | Director | |
Name
|
| |
Age
|
| |
Position
|
|
Richard D. Caruso | | |
59
|
| | Director | |
Stephen P. Mandracchia | | |
61
|
| | Director | |
Dominic J. Monetta | | |
79
|
| | Director | |
Richard Parrillo | | |
68
|
| | Director | |
Eric A. Prouty | | |
51
|
| | 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)
|
| | | | 2020 | | | | | $ | 441,764 | | | | | | — | | | | | $ | 220,000 | | | | | $ | 233,750 | | | | | $ | 86,439(4) | | | | | $ | 981,953 | | |
| | | 2019 | | | | | $ | 346,300 | | | | | | — | | | | | $ | 434,700 | | | | | | — | | | | | $ | 86,410(4) | | | | | $ | 867,410 | | | ||
Nat Krishnamurti, Chief
Financial Officer and Secretary |
| | | | 2020 | | | | | $ | 275,000 | | | | | | — | | | | | $ | 35,000 | | | | | $ | 105,000 | | | | | $ | 2,800(5) | | | | | $ | 417,800 | | |
| | | 2019 | | | | | $ | 250,000 | | | | | | — | | | | | $ | 138,000 | | | | | | — | | | | | $ | 2,800(5) | | | | | $ | 390,800 | | | ||
Kathleen L. Houghton, Vice
President – Sales and Marketing |
| | | | 2020 | | | | | $ | 247,615 | | | | | | — | | | | | $ | 40,000 | | | | | $ | 105,000 | | | | | $ | 1,623(5) | | | | | $ | 394,238 | | |
| | | 2019 | | | | | $ | 221,598 | | | | | | — | | | | | $ | 66,462 | | | | | $ | 25,000 | | | | | $ | 1,623(5) | | | | | $ | 314,683 | | | ||
Kevin J. Zugibe, Former Chairman and Chief Executive Officer(3)
|
| | | | 2020 | | | | | $ | 256,628 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 256,628 | | |
| | | 2019 | | | | | $ | 532,800 | | | | | | — | | | | | $ | 448,500 | | | | | | — | | | | | $ | 5,400(5) | | | | | $ | 986,700 | | | ||
Ryan A. Maupin, Former Chief Restructuring Officer(6)
|
| | | | 2020 | | | | | $ | 840,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 840,000 | | |
| | | 2019 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| ||||||||||||
Brian F. Coleman
|
| | | | 851,250 | | | | | | 93,750(1) | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 910,400 | | | | | | — | | | | | $ | 1.09 | | | | | | 11/30/2021 | | | ||
Nat Krishnamurti
|
| | | | 268,750 | | | | | | 31,250(1) | | | | | $ | 0.75 | | | | | | 12/19/2029 | | |
| | | 442,800 | | | | | | — | | | | | $ | 1.09 | | | | | | 11/30/2021 | | | ||
Kathleen L. Houghton
|
| | | | 6,000 | | | | | | — | | | | | $ | 2.17 | | | | | | 5/23/2021 | | |
| | | 30,000 | | | | | | — | | | | | $ | 2.31 | | | | | | 6/8/2021 | | | ||
| | | 125,000 | | | | | | — | | | | | $ | 1.09 | | | | | | 11/30/2021 | | | ||
| | | 20,000 | | | | | | — | | | | | $ | 1.25 | | | | | | 2/20/2022 | | | ||
| | | 90,000 | | | | | | 30,000(1) | | | | | $ | 0.75 | | | | | | 12/19/2029 | | | ||
Kevin J. Zugibe
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Ryan A. Maupin
|
| | | | — | | | | | | — | | | | | | | | | | | | | | |
Name
|
| |
Fees earned
or paid in cash |
| |
Stock
Awards(1) |
| |
Option
Awards(2) |
| |
All Other
Compensation |
| |
Total
|
| |||||||||||||||
Vincent P. Abbatecola(3)
|
| | | $ | 46,000 | | | | | | — | | | | | $ | 10,000 | | | | | | — | | | | | $ | 56,000 | | |
Richard D. Caruso(3)
|
| | | $ | 50,000 | | | | | $ | 5,000 | | | | | $ | 5,000 | | | | | | — | | | | | $ | 60,000 | | |
Jill K. Frizzley(3)
|
| | | $ | 50,000 | | | | | $ | 10,000 | | | | | | — | | | | | | — | | | | | $ | 60,000 | | |
Stephen P. Mandracchia(3)(4)
|
| | | $ | 17,000 | | | | | | — | | | | | | — | | | | | | — | | | | | $ | 17,000 | | |
Dominic J. Monetta(3)
|
| | | $ | 36,000 | | | | | $ | 20,000 | | | | | | — | | | | | | — | | | | | $ | 56,000 | | |
Otto C. Morch(3)
|
| | | $ | 46,000 | | | | | | — | | | | | $ | 10,000 | | | | | | — | | | | | $ | 56,000 | | |
Richard Parrillo(3)
|
| | | $ | 41,000 | | | | | | — | | | | | $ | 10,000 | | | | | | — | | | | | $ | 51,000 | | |
Eric A. Prouty(3)
|
| | | $ | 31,000 | | | | | | — | | | | | $ | 20,000 | | | | | | — | | | | | $ | 51,000 | | |
Name of Beneficial Owner
|
| |
Amount and
Nature of Beneficial Ownership(1) |
| |
Percent of Class
|
| ||||||
Brian F. Coleman
|
| | | | 2,612,324(2) | | | | | | 5.7% | | |
Nat Krishnamurti
|
| | | | 799,249(3) | | | | | | 1.8% | | |
Kathleen L. Houghton
|
| | | | 348,619(4) | | | | | | * | | |
Ryan A. Maupin
|
| | | | 0 | | | | | | — | | |
Vincent P. Abbatecola
|
| | | | 309,979(5) | | | | | | * | | |
Richard D. Caruso
|
| | | | 15,972(6) | | | | | | * | | |
Jill K. Frizzley
|
| | | | 10,204 | | | | | | * | | |
Stephen P. Mandracchia
|
| | | | 1,441,770(7) | | | | | | 3.3% | | |
Dominic J. Monetta
|
| | | | 287,325(8) | | | | | | * | | |
Otto C. Morch
|
| | | | 298,418(9) | | | | | | * | | |
Richard Parrillo
|
| | | | 364,204(10) | | | | |
|
*
|
| |
Eric A. Prouty
|
| | | | 324,813(11) | | | | |
|
*
|
| |
Cooper Creek Partners Management LLC
|
| | | | 4,185,043(12) | | | | | | 9.6% | | |
Ernest Lazarus
|
| | | | 3,959,915(13) | | | | | | 9.1% | | |
Estate of Kevin J. Zugibe
|
| | | | 3,774,756(14) | | | | | | 8.7% | | |
ArrowMark Colorado Holdings LLC
|
| | | | 3,639,104(15) | | | | | | 8.4% | | |
All directors and executive officers as a group (Twelve Persons)
|
| | | | 6,906,754(16) | | | | | | 14.3% | | |